Salam,
Are Share trackers such as FB x2 (FB2) and Google x2 (GOO2) permissible? As far as I can see, they do not use Leverage and merely track the underlying company but double the value
Wa Alaykum salaam,
Trackers such as the one you have mentioned use Exchange-traded products (ETP). There needs to be a Shariah screening of the ETP and an investigation into the underlying asset of the ETP before the compliance can be confirmed.
Allah knows best