Tradr 2X Short IREN Daily ETF (IREZ) - Not Halal (Non-Compliant)
Tradr 2X Short IREN Daily ETF (IREZ) 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
- IREZ 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 Tradr 2X Short IREN Daily ETF
Under normal market circumstances, the advisor will maintain at least 80% exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of IREN. investing directly in the common stock of IREN. The fund is non-diversified.
Frequently Asked Questions
Is Tradr 2X Short IREN Daily ETF (IREZ) stock halal to invest in?
According to AAOIFI Shariah screening standards, Tradr 2X Short IREN Daily ETF (IREZ) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Tradr 2X Short IREN Daily ETF have any interest income?
Interest income data for Tradr 2X Short IREN Daily ETF is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if IREZ stock is Shariah-compliant?
IREZ 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 Tradr 2X Short IREN Daily ETF stock reviewed for Shariah compliance?
Tradr 2X Short IREN Daily ETF'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.