Is Federated Hermes MDT Large Cap Core ETF halal to invest in?

As of September 2026, Federated Hermes MDT Large Cap Core ETF FLCC 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 Federated Hermes MDT Large Cap Core 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 Federated Hermes MDT Large Cap Core ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Federated Hermes MDT Large Cap Core ETF updated?

The Shariah compliance status of Federated Hermes MDT Large Cap Core 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 Federated Hermes MDT Large Cap Core 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 Federated Hermes MDT Large Cap Core ETF?

You can check the latest Shariah compliance status of Federated Hermes MDT Large Cap Core ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Federated Hermes MDT Large Cap Core ETF FLCC

FLCC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Federated Hermes MDT Large Cap Core ETF is classified as not halal.

NOT HALAL

Is Federated Hermes MDT Large Cap Core ETF Halal?

Shariah Compliance Analysis of FLCC ETF

US Equity Large Cap

No. As of September 2026, Federated Hermes MDT Large Cap Core ETF (FLCC) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Federated Hermes MDT Large Cap Core ETF does not pass Musaffa's business and financial screening criteria.

FLCC was created on 2024-07-31 by Federated Hermes. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 49.48m in AUM and 151 holdings. FLCC is actively managed, investing primarily in large-cap US companies within the Russell 1000 Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management.

Federated Hermes MDT Large Cap Core ETF (FLCC) Chart

Key Statistics of Federated Hermes MDT Large Cap Core ETF (FLCC)

Today's Open

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Avg. Volume

Expense Ratio

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FAQ's for Federated Hermes MDT Large Cap Core ETF (FLCC)

As of September 2026, Federated Hermes MDT Large Cap Core ETF FLCC 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 Federated Hermes MDT Large Cap Core ETF using these criteria to determine its compliance status.
The Shariah compliance status of Federated Hermes MDT Large Cap Core 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 Federated Hermes MDT Large Cap Core ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.