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

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

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

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

You can check the latest Shariah compliance status of Franklin U.S. Small 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. Small Cap Multifactor Index ETF FLQS

FLQS Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of FLQS ETF

US Equity Small Cap

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

FLQS was created on 2017-04-26 by Franklin. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 70.23m in AUM and 489 holdings. FLQS tracks a multi-factor US small-cap index based on a composite scores of quality, value, momentum, and low-volatility.

Franklin U.S. Small Cap Multifactor Index ETF (FLQS) Chart

Key Statistics of Franklin U.S. Small Cap Multifactor Index ETF (FLQS)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
23.76%
Consumer Discretionary
17.25%
Information Technology
14.12%
Financials
9.67%
Consumer Staples
8.05%
Health Care
6.73%
Energy
6.11%
Utilities
4.11%
Materials
3.67%
Real Estate
3.54%
Communication Services
2.47%
Other
0.52%

FAQ's for Franklin U.S. Small Cap Multifactor Index ETF (FLQS)

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