Is Fidelity Enhanced International ETF halal to invest in?

As of September 2026, Fidelity Enhanced International ETF FENI 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 Enhanced International 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 Enhanced International ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity Enhanced International ETF updated?

The Shariah compliance status of Fidelity Enhanced International 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 Enhanced International 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 Enhanced International ETF?

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

Fidelity Enhanced International ETF FENI

FENI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Fidelity Enhanced International ETF is classified as not halal.

NOT HALAL

Is Fidelity Enhanced International ETF Halal?

Shariah Compliance Analysis of FENI ETF

US Equity Total Market

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

FENI was created on 2023-11-20 by Fidelity. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 5900.66m in AUM and 322 holdings. FENI is an actively managed fund that invests in companies of any capitalization in developed markets, excluding the US and Canada. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the MSCI EAFE Index.

Fidelity Enhanced International ETF (FENI) Chart

Key Statistics of Fidelity Enhanced International ETF (FENI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
17.70%
Industrials
16.26%
Health Care
12.47%
Other
10.60%
Information Technology
9.71%
Consumer Discretionary
9.25%
Materials
7.76%
Consumer Staples
5.44%
Energy
3.19%
Communication Services
3.08%
Utilities
2.99%
Real Estate
1.55%

FAQ's for Fidelity Enhanced International ETF (FENI)

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