Is Fidelity Quality Factor ETF halal to invest in?

As of September 2026, Fidelity Quality Factor ETF FQAL 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 Quality Factor 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 Quality Factor ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity Quality Factor ETF updated?

The Shariah compliance status of Fidelity Quality Factor 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 Quality Factor 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 Quality Factor ETF?

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

Fidelity Quality Factor ETF FQAL

FQAL Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Fidelity Quality Factor ETF Halal?

Shariah Compliance Analysis of FQAL ETF

US Equity Total Market

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

FQAL was created on 2016-09-12 by Fidelity. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1161.35m in AUM and 127 holdings. FQAL tracks an index of fundamentally- selected large and mid- cap US companies that are weighted according to a tiered scheme.

Fidelity Quality Factor ETF (FQAL) Chart

Key Statistics of Fidelity Quality Factor ETF (FQAL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
29.26%
Health Care
11.83%
Financials
10.74%
Consumer Discretionary
10.34%
Industrials
9.32%
Communication Services
8.91%
Consumer Staples
5.78%
Energy
4.05%
Utilities
2.47%
Materials
2.46%
Other
2.44%
Real Estate
2.40%

FAQ's for Fidelity Quality Factor ETF (FQAL)

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