Is Fidelity MSCI Materials Index ETF halal to invest in?

As of September 2026, Fidelity MSCI Materials Index ETF FMAT 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 Fidelity MSCI Materials 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 Fidelity MSCI Materials Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity MSCI Materials Index ETF updated?

The Shariah compliance status of Fidelity MSCI Materials 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 Fidelity MSCI Materials 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 Fidelity MSCI Materials Index ETF?

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

Fidelity MSCI Materials Index ETF FMAT

FMAT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Fidelity MSCI Materials Index ETF is classified as not halal.

NOT HALAL

Is Fidelity MSCI Materials Index ETF Halal?

Shariah Compliance Analysis of FMAT ETF

US Equity Materials

No. As of September 2026, Fidelity MSCI Materials Index ETF (FMAT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Fidelity MSCI Materials Index ETF does not pass Musaffa's business and financial screening criteria.

FMAT was created on 2013-10-21 by Fidelity. The fund's investment portfolio concentrates primarily on materials equity. FMAT tracks a market-cap-weighted index of stocks in the US basic materials sector across the entire market-cap spectrum.

Fidelity MSCI Materials Index ETF (FMAT) Chart

Key Statistics of Fidelity MSCI Materials Index ETF (FMAT)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
99.47%
Other
0.53%

FAQ's for Fidelity MSCI Materials Index ETF (FMAT)

As of September 2026, Fidelity MSCI Materials Index ETF FMAT 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 Fidelity MSCI Materials Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Fidelity MSCI Materials 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 Fidelity MSCI Materials Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.