Is FlexShares STOXX Global ESG Select Index Fund halal to invest in?

As of September 2026, FlexShares STOXX Global ESG Select Index Fund ESGG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is FlexShares STOXX Global ESG Select Index Fund a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes FlexShares STOXX Global ESG Select Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for FlexShares STOXX Global ESG Select Index Fund updated?

The Shariah compliance status of FlexShares STOXX Global ESG Select Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like FlexShares STOXX Global ESG Select Index Fund become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of FlexShares STOXX Global ESG Select Index Fund?

You can check the latest Shariah compliance status of FlexShares STOXX Global ESG Select Index Fund on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

FlexShares STOXX Global ESG Select Index Fund ESGG

ESGG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FlexShares STOXX Global ESG Select Index Fund is classified as not halal.

NOT HALAL

Is FlexShares STOXX Global ESG Select Index Fund ETF Halal?

Shariah Compliance Analysis of ESGG ETF

US Equity Total Market

No. As of September 2026, FlexShares STOXX Global ESG Select Index Fund (ESGG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FlexShares STOXX Global ESG Select Index Fund does not pass Musaffa's business and financial screening criteria.

ESGG was created on 2016-07-13 by FlexShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 102.97m in AUM and 706 holdings. ESGG follows a principles-based global index composed of companies that exhibit environmental, social, and corporate governance (ESG) characteristics.

FlexShares STOXX Global ESG Select Index Fund (ESGG) Chart

Key Statistics of FlexShares STOXX Global ESG Select Index Fund (ESGG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
25.87%
Health Care
15.58%
Financials
12.50%
Consumer Discretionary
12.21%
Consumer Staples
7.71%
Communication Services
6.77%
Industrials
6.13%
Energy
5.66%
Other
2.75%
Real Estate
2.11%
Utilities
1.37%
Materials
1.34%

FAQ's for FlexShares STOXX Global ESG Select Index Fund (ESGG)

As of September 2026, FlexShares STOXX Global ESG Select Index Fund ESGG is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes FlexShares STOXX Global ESG Select Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of FlexShares STOXX Global ESG Select Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of FlexShares STOXX Global ESG Select Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.