Is Fidelity Emerging Markets Multifactor ETF halal to invest in?

As of September 2026, Fidelity Emerging Markets Multifactor ETF FDEM 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 Fidelity Emerging Markets Multifactor ETF 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 Fidelity Emerging Markets Multifactor ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity Emerging Markets Multifactor ETF updated?

The Shariah compliance status of Fidelity Emerging Markets Multifactor ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Fidelity Emerging Markets Multifactor ETF 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 Fidelity Emerging Markets Multifactor ETF?

You can check the latest Shariah compliance status of Fidelity Emerging Markets Multifactor ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Fidelity Emerging Markets Multifactor ETF FDEM

FDEM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Fidelity Emerging Markets Multifactor ETF is classified as not halal.

NOT HALAL

Is Fidelity Emerging Markets Multifactor ETF Halal?

Shariah Compliance Analysis of FDEM ETF

US Equity Total Market

No. As of September 2026, Fidelity Emerging Markets Multifactor ETF (FDEM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Fidelity Emerging Markets Multifactor ETF does not pass Musaffa's business and financial screening criteria.

FDEM was created on 2019-02-26 by Fidelity. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 352.87m in AUM and 211 holdings. FDEM tracks a multi-factored index of emerging markets companies.

Fidelity Emerging Markets Multifactor ETF (FDEM) Chart

Key Statistics of Fidelity Emerging Markets Multifactor ETF (FDEM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
17.91%
Financials
16.55%
Other
12.29%
Communication Services
10.70%
Energy
9.07%
Consumer Staples
8.95%
Health Care
8.68%
Consumer Discretionary
5.92%
Real Estate
4.72%
Industrials
2.97%
Materials
2.18%
Utilities
0.06%

FAQ's for Fidelity Emerging Markets Multifactor ETF (FDEM)

As of September 2026, Fidelity Emerging Markets Multifactor ETF FDEM 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 Fidelity Emerging Markets Multifactor ETF using these criteria to determine its compliance status.
The Shariah compliance status of Fidelity Emerging Markets Multifactor ETF 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 Fidelity Emerging Markets Multifactor ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.