Is Fidelity Enhanced Mid Cap ETF halal to invest in?

As of September 2026, Fidelity Enhanced Mid Cap ETF FMDE 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 Enhanced Mid Cap 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 Enhanced Mid Cap ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity Enhanced Mid Cap ETF updated?

The Shariah compliance status of Fidelity Enhanced Mid Cap 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 Enhanced Mid Cap 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 Enhanced Mid Cap ETF?

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

Fidelity Enhanced Mid Cap ETF FMDE

FMDE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Fidelity Enhanced Mid Cap ETF is classified as not halal.

NOT HALAL

Is Fidelity Enhanced Mid Cap ETF Halal?

Shariah Compliance Analysis of FMDE ETF

US Equity Mid Cap

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

FMDE was created on 2023-11-20 by Fidelity. The fund's investment portfolio concentrates primarily on mid cap equity. The ETF currently has 4642.11m in AUM and 346 holdings. FMDE is an actively managed fund that invests in US, mid-cap companies. Stock selection is based on computer-aided analysis, which chooses stocks belonging to the Russel Midcap Index.

Fidelity Enhanced Mid Cap ETF (FMDE) Chart

Key Statistics of Fidelity Enhanced Mid Cap ETF (FMDE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
17.79%
Industrials
17.18%
Information Technology
12.65%
Consumer Discretionary
12.37%
Health Care
9.56%
Materials
6.39%
Real Estate
5.59%
Energy
4.48%
Consumer Staples
4.05%
Utilities
4.02%
Other
3.00%
Communication Services
2.92%

FAQ's for Fidelity Enhanced Mid Cap ETF (FMDE)

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