Is Fidelity Metaverse ETF halal to invest in?

As of September 2026, Fidelity Metaverse ETF FMET 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 Metaverse 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 Metaverse ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity Metaverse ETF updated?

The Shariah compliance status of Fidelity Metaverse 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 Metaverse 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 Metaverse ETF?

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

Fidelity Metaverse ETF FMET

FMET Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Fidelity Metaverse ETF is classified as not halal.

NOT HALAL

Is Fidelity Metaverse ETF Halal?

Shariah Compliance Analysis of FMET ETF

US Equity Theme

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

FMET was created on 2022-04-19 by Fidelity. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 48.85m in AUM and 53 holdings. FMET tracks a market cap-weighted index of equities that provides global exposure to the future state of the internet: the metaverse.

Fidelity Metaverse ETF (FMET) Chart

Key Statistics of Fidelity Metaverse ETF (FMET)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
58.59%
Communication Services
30.83%
Real Estate
7.21%
Other
3.37%

FAQ's for Fidelity Metaverse ETF (FMET)

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