Is Franklin FTSE Asia ex Japan ETF halal to invest in?

As of September 2026, Franklin FTSE Asia ex Japan ETF FLAX 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 FTSE Asia ex Japan 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 Franklin FTSE Asia ex Japan ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin FTSE Asia ex Japan ETF updated?

The Shariah compliance status of Franklin FTSE Asia ex Japan 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 Franklin FTSE Asia ex Japan 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 Franklin FTSE Asia ex Japan ETF?

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

Franklin FTSE Asia ex Japan ETF FLAX

FLAX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin FTSE Asia ex Japan ETF is classified as not halal.

NOT HALAL

Is Franklin FTSE Asia ex Japan ETF Halal?

Shariah Compliance Analysis of FLAX ETF

US Equity Total Market

No. As of September 2026, Franklin FTSE Asia ex Japan ETF (FLAX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Franklin FTSE Asia ex Japan ETF does not pass Musaffa's business and financial screening criteria.

FLAX was created on 2018-02-06 by Franklin. The fund's investment portfolio concentrates primarily on total market equity. FLAX tracks a market cap-weighted index of large- and mid-cap stocks from developed and emerging Asian countries, excluding Japan.

Franklin FTSE Asia ex Japan ETF (FLAX) Chart

Key Statistics of Franklin FTSE Asia ex Japan ETF (FLAX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
24.72%
Financials
16.71%
Other
14.51%
Consumer Discretionary
10.24%
Industrials
7.48%
Communication Services
7.48%
Materials
4.05%
Consumer Staples
3.86%
Health Care
3.29%
Utilities
2.74%
Energy
2.48%
Real Estate
2.44%

FAQ's for Franklin FTSE Asia ex Japan ETF (FLAX)

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