Is Franklin Canadian Short Term Bond Fund halal to invest in?

As of September 2026, Franklin Canadian Short Term Bond Fund FLSD.TO 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 Canadian Short Term Bond 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 Canadian Short Term Bond Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for Franklin Canadian Short Term Bond Fund updated?

The Shariah compliance status of Franklin Canadian Short Term Bond 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 Canadian Short Term Bond 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 Canadian Short Term Bond Fund?

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

Franklin Canadian Short Term Bond Fund FLSD.TO

FLSD.TO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Franklin Canadian Short Term Bond Fund is classified as not halal.

NOT HALAL

Is Franklin Canadian Short Term Bond Fund ETF Halal?

Shariah Compliance Analysis of FLSD.TO ETF

CA Fixed Income Broad Credit

No. As of September 2026, Franklin Canadian Short Term Bond Fund (FLSD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Franklin Canadian Short Term Bond Fund does not pass Musaffa's business and financial screening criteria.

FLSD.TO was created on 2019-07-08 by Franklin. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 64.99m in AUM and 367 holdings. The fund is actively managed, aiming for high current income and capital preservation by investing in a wide variety of Canadian fixed-income securities with durations of 3.5 years or lower.

Franklin Canadian Short Term Bond Fund (FLSD.TO) Chart

Key Statistics of Franklin Canadian Short Term Bond Fund (FLSD.TO)

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FAQ's for Franklin Canadian Short Term Bond Fund (FLSD.TO)

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