Is Fidelity Small-Mid Multifactor ETF halal to invest in?

As of September 2026, Fidelity Small-Mid Multifactor ETF FSMD 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 Small-Mid Multifactor 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 Small-Mid Multifactor ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Fidelity Small-Mid Multifactor ETF updated?

The Shariah compliance status of Fidelity Small-Mid Multifactor 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 Small-Mid Multifactor 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 Small-Mid Multifactor ETF?

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

Fidelity Small-Mid Multifactor ETF FSMD

FSMD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Fidelity Small-Mid Multifactor ETF is classified as not halal.

NOT HALAL

Is Fidelity Small-Mid Multifactor ETF Halal?

Shariah Compliance Analysis of FSMD ETF

US Equity Extended Market

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

FSMD was created on 2019-02-26 by Fidelity. The fund's investment portfolio concentrates primarily on extended market equity. The ETF currently has 1941.17m in AUM and 592 holdings. FSMD tracks a multi-factored index of US companies.

Fidelity Small-Mid Multifactor ETF (FSMD) Chart

Key Statistics of Fidelity Small-Mid Multifactor ETF (FSMD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
16.79%
Financials
15.91%
Consumer Discretionary
13.14%
Health Care
12.74%
Information Technology
10.58%
Real Estate
6.57%
Other
5.77%
Materials
5.37%
Energy
4.13%
Consumer Staples
3.73%
Utilities
2.74%
Communication Services
2.53%

FAQ's for Fidelity Small-Mid Multifactor ETF (FSMD)

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