FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF FEHY
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FEHY Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF is classified as not halal.
NOT HALAL
Is FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF Halal?
Shariah Compliance Analysis of FEHY ETF
US Fixed Income High Yield No. As of September 2026, FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF (FEHY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF does not pass Musaffa's business and financial screening criteria.
FEHY was created on 2021-09-21 by FlexShares. The fund's investment portfolio concentrates primarily on high yield fixed income. The ETF currently has 2.01m in AUM and 721 holdings. FEHY tracks an index of USD-denominated, high-yield corporate bonds that are screened for ESG characteristics and reduced climate-related risk.
FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF (FEHY) Chart
Key Statistics of FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF (FEHY)
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-FAQ's for FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF (FEHY)
- As of September 2026, FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF FEHY 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 High Yield Corporate Core Index Fund ETF using these criteria to determine its compliance status.
- The Shariah compliance status of FlexShares ESG & Climate High Yield Corporate Core Index Fund 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 FlexShares ESG & Climate High Yield Corporate Core Index Fund ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.