Is Franklin FTSE Italy ETF halal to invest in?

As of September 2026, Franklin FTSE Italy ETF FLIY 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 Italy 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 Italy ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin FTSE Italy ETF updated?

The Shariah compliance status of Franklin FTSE Italy 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 Italy 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 Italy ETF?

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

Franklin FTSE Italy ETF FLIY

FLIY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin FTSE Italy ETF is classified as not halal.

NOT HALAL

Is Franklin FTSE Italy ETF Halal?

Shariah Compliance Analysis of FLIY ETF

US Equity Total Market

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

FLIY was created on 2017-11-02 by Franklin. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 4.98m in AUM and 36 holdings. FLIY tracks a market-cap-selected and -weighted index of Italian equities.

Franklin FTSE Italy ETF (FLIY) Chart

Key Statistics of Franklin FTSE Italy ETF (FLIY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
31.04%
Utilities
19.84%
Consumer Discretionary
19.51%
Energy
9.16%
Industrials
9.07%
Health Care
3.63%
Communication Services
2.74%
Other
2.31%
Consumer Staples
2.04%
Materials
0.66%

FAQ's for Franklin FTSE Italy ETF (FLIY)

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