This report evaluates the Shariah compliance of MSTX, a leveraged ETF tracking MicroStrategy, across financial ratios, business activities, index inclusions, and multi-perspective analyses. While financial ratios show strong performance with low debt and liquidity exposure, the leveraged structure introduces riba and gharar concerns, leading to non-compliance under major standards. No inclusion in Shariah indices confirms the overall non-compliant status. ESG factors reveal medium risk primarily from indirect crypto exposure, with no major controversies. Investors should consider alternatives in compliant equity ETFs.