Is Franklin Innovation Fund halal to invest in?

As of September 2026, Franklin Innovation Fund FINO.TO 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 Franklin Innovation Fund 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 Franklin Innovation Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin Innovation Fund updated?

The Shariah compliance status of Franklin Innovation Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Franklin Innovation Fund 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 Franklin Innovation Fund?

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

Franklin Innovation Fund FINO.TO

FINO.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin Innovation Fund is classified as not halal.

NOT HALAL

Is Franklin Innovation Fund ETF Halal?

Shariah Compliance Analysis of FINO.TO ETF

CA Equity Total Market

No. As of September 2026, Franklin Innovation Fund (FINO.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Franklin Innovation Fund does not pass Musaffa's business and financial screening criteria.

FINO.TO was created on 2021-02-04 by Franklin. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 8.32m in AUM and 104 holdings. The fund is an actively managed fund that provides exposure to companies of any size that have perceived sustainable growth driven by innovation from around the world.

Franklin Innovation Fund (FINO.TO) Chart

Key Statistics of Franklin Innovation Fund (FINO.TO)

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FAQ's for Franklin Innovation Fund (FINO.TO)

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