NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, Apr 1 09:27 PM
Wednesday, April 1, 2026 9:27:59 PM
Non-Compliant
TSLL
Quality Rating
B
Minimal compliance quality
This report evaluates the Shariah compliance of TSLL, a leveraged ETF tracking Tesla Inc. with 2x daily exposure. Due to its reliance on interest-bearing derivatives and speculative leverage, TSLL fails key Shariah principles across financial and business activity screens. No inclusion in major Shariah indices confirms non-compliance. While the underlying Tesla business is largely permissible, the ETF structure introduces riba and gharar. Investors should consider direct exposure to compliant equities instead.
Purification Required
0.00%
minimal
Minimal purification needed for dividend income
Index Inclusion
Not included in any major Shariah indices: S&P Dow Jones, MSCI, FTSE, or DJIM.
Key Compliance Considerations
- Leveraged structure involves riba through interest-bearing swaps and futures
- Gharar and maysir from 2x daily amplification and volatility
- Insufficient traditional financial data for ratio screening due to ETF format
- Exclusion from all major Shariah indices
- Underlying ESG controversies in Tesla's supply chain and labor practices
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%