The Defiance Daily Target 2X Long IONQ ETF (IONX) is a leveraged exchange-traded fund that seeks to provide two times the daily performance of IonQ, Inc., a quantum computing company, through investments in swap contracts and options. This structure raises significant Shariah compliance concerns due to the use of derivatives, which introduce elements of gharar (uncertainty) and maysir (gambling). Financial ratios cannot be calculated meaningfully for this ETF, resulting in insufficient data across all screening criteria. The ETF is not included in any major Shariah-compliant indices, leading to an overall non-compliant status. Investors are advised to consider direct exposure to compliant technology equities or Shariah-screened funds as alternatives.