Is Franklin Municipal Green Bond ETF halal to invest in?

As of September 2026, Franklin Municipal Green Bond ETF FLMB 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 Municipal Green Bond 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 Municipal Green Bond ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin Municipal Green Bond ETF updated?

The Shariah compliance status of Franklin Municipal Green Bond 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 Municipal Green Bond 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 Municipal Green Bond ETF?

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

Franklin Municipal Green Bond ETF FLMB

FLMB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin Municipal Green Bond ETF is classified as not halal.

NOT HALAL

Is Franklin Municipal Green Bond ETF Halal?

Shariah Compliance Analysis of FLMB ETF

US Fixed Income Investment Grade

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

FLMB was created on 2017-08-31 by Franklin. The fund's investment portfolio concentrates primarily on investment grade fixed income. FLMB is an actively managed fund that invests primarily in investment-grade municipal bonds, with a broad range in maturities, that intend to finance projects promoting environmental sustainability.

Franklin Municipal Green Bond ETF (FLMB) Chart

Key Statistics of Franklin Municipal Green Bond ETF (FLMB)

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FAQ's for Franklin Municipal Green Bond ETF (FLMB)

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