T-REX 2X Long ASTS Daily Target (ASUP) - Not Halal (Non-Compliant)
T-REX 2X Long ASTS Daily Target (ASUP) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Fail
- Reason
- ASUP appears to be a leveraged, inverse, or short ETF. These funds use derivatives and/or short-selling strategies which are not permissible under Shariah.
Financial Ratios
About T-REX 2X Long ASTS Daily Target
Under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments that are designed to provide, in the aggregate, 200% exposure to the price performance of ASTS on a daily basis. The fund is non-diversified.
Frequently Asked Questions
Is T-REX 2X Long ASTS Daily Target (ASUP) stock halal to invest in?
According to AAOIFI Shariah screening standards, T-REX 2X Long ASTS Daily Target (ASUP) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does T-REX 2X Long ASTS Daily Target have any interest income?
Interest income data for T-REX 2X Long ASTS Daily Target is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if ASUP stock is Shariah-compliant?
ASUP is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is T-REX 2X Long ASTS Daily Target stock reviewed for Shariah compliance?
T-REX 2X Long ASTS Daily Target's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.