NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, Apr 1 09:24 PM
Non-Compliant

TSDD

Quality Rating

B
Minimal compliance quality

TSDD is the GraniteShares 2x Short Tesla Daily ETF, a leveraged inverse ETF providing -2x daily exposure to Tesla Inc. stock. The product's reliance on derivatives such as swaps and futures introduces excessive uncertainty (gharar) and speculation (maysir), rendering it non-compliant with Shariah principles across business activity screening. Financial ratios are inapplicable due to the ETF structure lacking traditional balance sheets, but qualitative assessment confirms disqualification. No inclusion in major Shariah indices underscores broad non-compliance. Investors are advised to avoid such speculative instruments.

Purification Required
0.00%
minimal

Minimal purification needed for dividend income

Index Inclusion

Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)

Key Compliance Considerations

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

100.0%

Purification

0.00%