The Defiance Daily Target 2X Short QBTS ETF (QBTZ) is a leveraged inverse exchange-traded fund designed to provide two times the inverse daily performance of D-Wave Quantum Inc. (QBTS) shares, primarily through the use of derivatives such as swaps and futures. This structure inherently involves short-selling and speculative elements, which are prohibited under Shariah principles due to gharar (uncertainty) and maysir (gambling). Financial ratios are inapplicable or zero due to the ETF's non-traditional balance sheet, passing quantitative thresholds where calculable, but the core business activity disqualifies it from compliance. No inclusion in major Shariah indices confirms non-compliance across global standards. Investors are advised to avoid this instrument and consider Shariah-compliant alternatives in asset management.