DUST
Quality Rating
The Direxion Daily Gold Miners Index Bear 2X Shares (DUST) is assessed as non-compliant with Shariah principles primarily due to its reliance on derivatives, short-selling, and leveraged structure, which introduce elements of gharar and maysir. Although financial ratios indicate no issues due to the ETF's structure lacking traditional debt and income, the core business activity disqualifies it from Shariah screens. It is not included in any major Shariah indices, confirming its non-compliant status. Industry unknown, peer comparisons limited by data scarcity.
Purification Required
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM).
Key Compliance Considerations
- Impermissible use of derivatives and short-selling in ETF structure
- Speculative leveraged inverse exposure akin to maysir
- Insufficient data for traditional financial ratios, but business activity fails qualitative screening
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%