SOXL is a leveraged exchange-traded fund (ETF) providing 3x daily exposure to the semiconductor sector. Due to its use of derivatives, swaps, and leverage, which introduce elements of riba (interest) and gharar (uncertainty), the fund is deemed non-compliant with Shariah principles across major indices and authorities. Financial ratios are not applicable in the traditional sense for ETFs, but the structural issues dominate the assessment. The underlying semiconductor activities are generally permissible, but the fund's mechanics render it unsuitable for Shariah-compliant portfolios. Investors seeking exposure to this sector should consider non-leveraged, Shariah-screened alternatives.