Is MarketDesk Focused U.S. Momentum ETF halal to invest in?

As of September 2026, MarketDesk Focused U.S. Momentum ETF FMTM 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 MarketDesk Focused U.S. Momentum 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 MarketDesk Focused U.S. Momentum ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for MarketDesk Focused U.S. Momentum ETF updated?

The Shariah compliance status of MarketDesk Focused U.S. Momentum 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 MarketDesk Focused U.S. Momentum 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 MarketDesk Focused U.S. Momentum ETF?

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

MarketDesk Focused U.S. Momentum ETF FMTM

FMTM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, MarketDesk Focused U.S. Momentum ETF is classified as not halal.

NOT HALAL

Is MarketDesk Focused U.S. Momentum ETF Halal?

Shariah Compliance Analysis of FMTM ETF

US Equity Total Market

No. As of September 2026, MarketDesk Focused U.S. Momentum ETF (FMTM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. MarketDesk Focused U.S. Momentum ETF does not pass Musaffa's business and financial screening criteria.

FMTM was created on 2025-03-20 by MarketDesk. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 43.89m in AUM and 32 holdings. FMTM is an actively managed ETF that invests in large- and mid-cap US stocks exhibiting positive momentum.

MarketDesk Focused U.S. Momentum ETF (FMTM) Chart

Key Statistics of MarketDesk Focused U.S. Momentum ETF (FMTM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for MarketDesk Focused U.S. Momentum ETF (FMTM)

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