Leverage Shares 2X Long GLW Dai (GLWG) - Not Halal (Non-Compliant)
Leverage Shares 2X Long GLW Dai (GLWG) 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
- GLWG 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 Leverage Shares 2X Long GLW Dai
The fund is an actively managed ETF. It invests at least 80% of its net assets (plus borrowings for investment purposes) in the Underlying Security and financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of the Underlying Security, consistent with the fund’s investment objective. The fund is non-diversified.
Frequently Asked Questions
Is Leverage Shares 2X Long GLW Dai (GLWG) stock halal to invest in?
According to AAOIFI Shariah screening standards, Leverage Shares 2X Long GLW Dai (GLWG) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Leverage Shares 2X Long GLW Dai have any interest income?
Interest income data for Leverage Shares 2X Long GLW Dai is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if GLWG stock is Shariah-compliant?
GLWG 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 Leverage Shares 2X Long GLW Dai stock reviewed for Shariah compliance?
Leverage Shares 2X Long GLW Dai'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.