Is Franklin FTSE South Africa ETF halal to invest in?

As of September 2026, Franklin FTSE South Africa ETF FLZA 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 South Africa 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 South Africa ETF using these criteria to determine its compliance status.

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

The Shariah compliance status of Franklin FTSE South Africa 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 South Africa 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 South Africa ETF?

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

Franklin FTSE South Africa ETF FLZA

FLZA Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Franklin FTSE South Africa ETF Halal?

Shariah Compliance Analysis of FLZA ETF

US Equity Total Market

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

FLZA was created on 2018-10-10 by Franklin. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1.96m in AUM and 42 holdings. FLZA tracks a market cap-weighted index of large- and mid-cap South African equities.

Franklin FTSE South Africa ETF (FLZA) Chart

Key Statistics of Franklin FTSE South Africa ETF (FLZA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
33.51%
Materials
19.94%
Consumer Discretionary
18.95%
Consumer Staples
8.96%
Communication Services
8.17%
Health Care
2.75%
Real Estate
2.72%
Industrials
2.09%
Other
1.98%
Energy
0.93%

FAQ's for Franklin FTSE South Africa ETF (FLZA)

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