Is FormulaFolios Smart Growth ETF halal to invest in?

As of September 2026, FormulaFolios Smart Growth ETF FFSG 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 FormulaFolios Smart Growth 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 FormulaFolios Smart Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for FormulaFolios Smart Growth ETF updated?

The Shariah compliance status of FormulaFolios Smart Growth 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 FormulaFolios Smart Growth 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 FormulaFolios Smart Growth ETF?

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

FormulaFolios Smart Growth ETF FFSG

FFSG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FormulaFolios Smart Growth ETF is classified as not halal.

NOT HALAL

Is FormulaFolios Smart Growth ETF Halal?

Shariah Compliance Analysis of FFSG ETF

US Equity Total Market

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

FFSG was created on 2017-10-31 by FormulaFolios. The fund's investment portfolio concentrates primarily on total market equity. FFSG is an actively managed fund of funds. The portfolio allocates between growth-oriented US and international stock ETFs, and can hold US Treasurys to protect against equity.

FormulaFolios Smart Growth ETF (FFSG) Chart

Key Statistics of FormulaFolios Smart Growth ETF (FFSG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for FormulaFolios Smart Growth ETF (FFSG)

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