Is Franklin FTSE Mexico ETF halal to invest in?

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

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

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

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

Franklin FTSE Mexico ETF FLMX

FLMX Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Franklin FTSE Mexico ETF Halal?

Shariah Compliance Analysis of FLMX ETF

US Equity Total Market

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

FLMX was created on 2017-11-03 by Franklin. The fund's investment portfolio concentrates primarily on total market equity. FLMX tracks a market-cap-selected and -weighted index of Mexican equities.

Franklin FTSE Mexico ETF (FLMX) Chart

Key Statistics of Franklin FTSE Mexico ETF (FLMX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Staples
29.10%
Other
19.18%
Financials
17.76%
Materials
15.83%
Industrials
9.93%
Real Estate
4.65%
Communication Services
1.85%
Consumer Discretionary
1.70%

FAQ's for Franklin FTSE Mexico ETF (FLMX)

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