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MarketDesk Focused U.S. Momentum ETF FMTM

Is MarketDesk Focused U.S. Momentum ETF Halal?

Shariah Compliance Analysis of FMTM ETF

No. As of October 2026, MarketDesk Focused U.S. Momentum ETF (FMTM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

FMTM Shariah Compliance

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

NOT HALAL

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

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