Is Freedom 100 Emerging Markets ETF halal to invest in?

As of September 2026, Freedom 100 Emerging Markets ETF FRDM 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 Freedom 100 Emerging Markets 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 Freedom 100 Emerging Markets ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Freedom 100 Emerging Markets ETF updated?

The Shariah compliance status of Freedom 100 Emerging Markets 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 Freedom 100 Emerging Markets 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 Freedom 100 Emerging Markets ETF?

You can check the latest Shariah compliance status of Freedom 100 Emerging Markets ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Freedom 100 Emerging Markets ETF FRDM

FRDM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Freedom 100 Emerging Markets ETF is classified as not halal.

NOT HALAL

Is Freedom 100 Emerging Markets ETF Halal?

Shariah Compliance Analysis of FRDM ETF

US Equity Total Market

No. As of September 2026, Freedom 100 Emerging Markets ETF (FRDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Freedom 100 Emerging Markets ETF does not pass Musaffa's business and financial screening criteria.

FRDM was created on 2019-05-23 by Freedom. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 1807.54m in AUM and 119 holdings. FRDM tracks an index that selects and weights exposure to emerging market equities based on personal and economic freedom metrics.

Freedom 100 Emerging Markets ETF (FRDM) Chart

Key Statistics of Freedom 100 Emerging Markets ETF (FRDM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
22.56%
Financials
20.93%
Other
19.96%
Consumer Discretionary
9.35%
Materials
6.34%
Consumer Staples
5.75%
Industrials
4.69%
Communication Services
4.67%
Energy
2.02%
Health Care
1.92%
Utilities
1.32%
Real Estate
0.49%

FAQ's for Freedom 100 Emerging Markets ETF (FRDM)

As of September 2026, Freedom 100 Emerging Markets ETF FRDM 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 Freedom 100 Emerging Markets ETF using these criteria to determine its compliance status.
The Shariah compliance status of Freedom 100 Emerging Markets 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 Freedom 100 Emerging Markets ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.