Is FlexShares ESG & Climate Developed Markets ex-US Core 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 ESG & Climate Developed Markets ex-US Core Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund updated?

The Shariah compliance status of FlexShares ESG & Climate Developed Markets ex-US Core Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of FlexShares ESG & Climate Developed Markets ex-US Core Index Fund?

You can check the latest Shariah compliance status of FlexShares ESG & Climate Developed Markets ex-US Core Index Fund on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund FEDM

FEDM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FlexShares ESG & Climate Developed Markets ex-US Core Index Fund is classified as not halal.

NOT HALAL

Is FlexShares ESG & Climate Developed Markets ex-US Core Index Fund ETF Halal?

Shariah Compliance Analysis of FEDM ETF

US Equity Theme

No. As of September 2026, FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FlexShares ESG & Climate Developed Markets ex-US Core Index Fund does not pass Musaffa's business and financial screening criteria.

FEDM was created on 2021-09-20 by FlexShares. The fund's investment portfolio concentrates primarily on theme equity. FEDM tracks a principles-based index of large-cap companies from the developed markets outside the US that exhibit environmental, social, and corporate governance (ESG) characteristics.

FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) Chart

Key Statistics of FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
22.88%
Industrials
17.31%
Health Care
11.68%
Consumer Discretionary
9.91%
Information Technology
8.67%
Consumer Staples
8.02%
Materials
6.44%
Energy
5.26%
Communication Services
4.04%
Utilities
2.92%
Real Estate
1.54%
Other
1.33%

FAQ's for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM)

As of September 2026, FlexShares ESG & Climate Developed Markets ex-US Core Index Fund FEDM 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 ESG & Climate Developed Markets ex-US Core Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of FlexShares ESG & Climate Developed Markets ex-US Core 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 ESG & Climate Developed Markets ex-US Core Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.