NYSE: Open
NASDAQ: Open
LSE: Closed
TSX: Open
Nikkei: Closed
Shanghai: Closed
Thu, Jul 23 05:16 PM
Non-Compliant

TSLS

Quality Rating

B
Minimal compliance quality

TSLS is a leveraged ETF providing 2x daily exposure to Tesla Inc. stock. While Tesla's core business in electric vehicles and renewable energy aligns with Shariah principles of sustainability, the ETF's structure involving derivatives and swaps introduces riba and gharar, leading to non-compliance. Financial screening is inconclusive due to insufficient data for traditional ratios, but the investment vehicle itself fails qualitative screens. No inclusion in major Shariah indices confirms non-compliant status. Investors should consider direct investment in compliant equities rather than leveraged products.

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%