Is Emles Federal Contractors ETF halal to invest in?

As of September 2026, Emles Federal Contractors ETF FEDX 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 Emles Federal Contractors 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 Emles Federal Contractors ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Emles Federal Contractors ETF updated?

The Shariah compliance status of Emles Federal Contractors 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 Emles Federal Contractors 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 Emles Federal Contractors ETF?

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

Emles Federal Contractors ETF FEDX

FEDX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Emles Federal Contractors ETF is classified as not halal.

NOT HALAL

Is Emles Federal Contractors ETF Halal?

Shariah Compliance Analysis of FEDX ETF

US Equity Total Market

No. As of September 2026, Emles Federal Contractors ETF (FEDX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Emles Federal Contractors ETF does not pass Musaffa's business and financial screening criteria.

FEDX was created on 2020-10-15 by Emles. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 4.84m in AUM and 24 holdings. FEDX tracks a market-cap-weighted index of fundamentally-selected US firms that derive a large portion of their revenue from Federal contracts.

Emles Federal Contractors ETF (FEDX) Chart

Key Statistics of Emles Federal Contractors ETF (FEDX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
88.06%
Information Technology
7.15%
Health Care
4.79%

FAQ's for Emles Federal Contractors ETF (FEDX)

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