How often is the Shariah compliance for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund updated?

The Shariah compliance status of FlexShares ESG & Climate Investment Grade Corporate 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 Investment Grade Corporate Core Index Fund?

You can check the latest Shariah compliance status of FlexShares ESG & Climate Investment Grade Corporate 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 Investment Grade Corporate Core Index Fund FEIG

FEIG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FlexShares ESG & Climate Investment Grade Corporate Core Index Fund is classified as not halal.

NOT HALAL

Is FlexShares ESG & Climate Investment Grade Corporate Core Index Fund ETF Halal?

Shariah Compliance Analysis of FEIG ETF

US Fixed Income Investment Grade

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

FEIG was created on 2021-09-20 by FlexShares. The fund's investment portfolio concentrates primarily on investment grade fixed income. FEIG tracks an index of USD-denominated, investment grade corporate bonds that are screened for ESG characteristics and reduced climate-related risk.

FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG) Chart

Key Statistics of FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
22.37%
Other
20.76%
Health Care
10.25%
Information Technology
9.03%
Communication Services
6.55%
Utilities
6.08%
Consumer Discretionary
5.58%
Consumer Staples
5.02%
Real Estate
4.82%
Industrials
4.56%
Energy
3.96%
Materials
1.02%

FAQ's for FlexShares ESG & Climate Investment Grade Corporate Core Index Fund (FEIG)

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