GraniteShares 2x Short TSLA Dai (TSDD) - Not Halal (Non-Compliant)
GraniteShares 2x Short TSLA Dai (TSDD) 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
- TSDD 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 GraniteShares 2x Short TSLA Dai
The fund is an actively managed exchange traded fund that attempts to replicate 2x the inverse (-200%) daily percentage change of the underlying stock by entering into financial instruments such as swaps and options on the underlying stock; at the end of each trading day, the notional exposure against the underlying stock obtained through the combination of these instruments will be approximately -200% of the fund’s net asset value. It is non-diversified.
Frequently Asked Questions
Is GraniteShares 2x Short TSLA Dai (TSDD) stock halal to invest in?
According to AAOIFI Shariah screening standards, GraniteShares 2x Short TSLA Dai (TSDD) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does GraniteShares 2x Short TSLA Dai have any interest income?
Interest income data for GraniteShares 2x Short TSLA Dai is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if TSDD stock is Shariah-compliant?
TSDD 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 GraniteShares 2x Short TSLA Dai stock reviewed for Shariah compliance?
GraniteShares 2x Short TSLA 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.