Is Franklin FTSE Saudi Arabia Fund halal to invest in?

As of September 2026, Franklin FTSE Saudi Arabia Fund FLSA 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 Saudi Arabia Fund 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 Saudi Arabia Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin FTSE Saudi Arabia Fund updated?

The Shariah compliance status of Franklin FTSE Saudi Arabia Fund 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 Saudi Arabia Fund 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 Saudi Arabia Fund?

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

Franklin FTSE Saudi Arabia Fund FLSA

FLSA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin FTSE Saudi Arabia Fund is classified as not halal.

NOT HALAL

Is Franklin FTSE Saudi Arabia Fund ETF Halal?

Shariah Compliance Analysis of FLSA ETF

US Equity Total Market

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

FLSA was created on 2018-10-09 by Franklin. The fund's investment portfolio concentrates primarily on total market equity. FLSA tracks a market-cap-weighted index of Saudi Arabian equities, excluding small-caps.

Franklin FTSE Saudi Arabia Fund (FLSA) Chart

Key Statistics of Franklin FTSE Saudi Arabia Fund (FLSA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
37.83%
Materials
16.70%
Energy
10.70%
Communication Services
8.85%
Utilities
8.56%
Other
5.25%
Consumer Staples
3.91%
Health Care
3.24%
Industrials
1.66%
Consumer Discretionary
1.59%
Real Estate
1.17%
Information Technology
0.54%

FAQ's for Franklin FTSE Saudi Arabia Fund (FLSA)

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