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

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

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

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

You can check the latest Shariah compliance status of Federated Hermes MDT Large Cap Value 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 Value ETF FLCV

FLCV Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Federated Hermes MDT Large Cap Value ETF Halal?

Shariah Compliance Analysis of FLCV ETF

US Equity Large Cap

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

FLCV was created on 2024-07-31 by Federated Hermes. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 70.04m in AUM and 127 holdings. FLCV is actively managed, investing primarily in large-cap US companies that are deemed undervalued within the Russell 1000 Value Index. The fund aims for capital growth, utilizing a quantitative model focused on maximizing returns and risk management.

Federated Hermes MDT Large Cap Value ETF (FLCV) Chart

Key Statistics of Federated Hermes MDT Large Cap Value ETF (FLCV)

Today's Open

AUM

Avg. Volume

Expense Ratio

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FAQ's for Federated Hermes MDT Large Cap Value ETF (FLCV)

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