NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, Apr 1 11:08 PM
Non-Compliant

TQQQ

Quality Rating

B
Minimal compliance quality

TQQQ, the ProShares UltraPro QQQ ETF, seeks to deliver three times the daily performance of the NASDAQ-100 Index using derivatives and swaps, which inherently involve riba (interest), gharar (uncertainty), and maysir (gambling-like speculation). This structure renders it non-compliant with core Shariah principles across major screening methodologies. Financial ratios cannot be traditionally applied due to the ETF's non-operational balance sheet, but qualitative business activity screening disqualifies it. No inclusion in major Shariah indices confirms its exclusion from compliant portfolios. Investors seeking exposure to technology sectors should consider Shariah-screened alternatives like the Wahed FTSE USA Shariah ETF (HLAL).

Purification Required
0.00%
minimal

Minimal purification needed for dividend income

Index Inclusion

Not included in any major Shariah-compliant indices

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

0.00%