NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, Apr 1 09:27 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

Debt Ratio

0.0%

Liquidity Ratio

0.0%

Interest Income Ratio

0.0%

Purification

0.00%