Is Franklin U.S. Mid Cap Multifactor Index ETF halal to invest in?

As of September 2026, Franklin U.S. Mid Cap Multifactor Index ETF FLQM 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 U.S. Mid Cap Multifactor Index 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 U.S. Mid Cap Multifactor Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin U.S. Mid Cap Multifactor Index ETF updated?

The Shariah compliance status of Franklin U.S. Mid Cap Multifactor Index 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 U.S. Mid Cap Multifactor Index 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 U.S. Mid Cap Multifactor Index ETF?

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

Franklin U.S. Mid Cap Multifactor Index ETF FLQM

FLQM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin U.S. Mid Cap Multifactor Index ETF is classified as not halal.

NOT HALAL

Is Franklin U.S. Mid Cap Multifactor Index ETF Halal?

Shariah Compliance Analysis of FLQM ETF

US Equity Mid Cap

No. As of September 2026, Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Franklin U.S. Mid Cap Multifactor Index ETF does not pass Musaffa's business and financial screening criteria.

FLQM was created on 2017-04-26 by Franklin. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 1747.9m in AUM and 204 holdings. FLQM tracks a US-listed mid-cap equity index that selects and weights constituents based on four factors: quality, value, momentum, and volatility.

Franklin U.S. Mid Cap Multifactor Index ETF (FLQM) Chart

Key Statistics of Franklin U.S. Mid Cap Multifactor Index ETF (FLQM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
22.54%
Consumer Discretionary
18.64%
Information Technology
12.29%
Financials
11.64%
Health Care
10.46%
Consumer Staples
7.22%
Energy
5.26%
Materials
4.64%
Real Estate
3.96%
Communication Services
2.11%
Utilities
1.16%
Other
0.08%

FAQ's for Franklin U.S. Mid Cap Multifactor Index ETF (FLQM)

As of September 2026, Franklin U.S. Mid Cap Multifactor Index ETF FLQM 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 U.S. Mid Cap Multifactor Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Franklin U.S. Mid Cap Multifactor Index 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 U.S. Mid Cap Multifactor Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.