Is Formidable Fortress ETF halal to invest in?

As of September 2026, Formidable Fortress ETF KONG 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 Formidable Fortress 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 Formidable Fortress ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Formidable Fortress ETF updated?

The Shariah compliance status of Formidable Fortress 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 Formidable Fortress 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 Formidable Fortress ETF?

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

Formidable Fortress ETF KONG

KONG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Formidable Fortress ETF is classified as not halal.

NOT HALAL

Is Formidable Fortress ETF Halal?

Shariah Compliance Analysis of KONG ETF

US Equity Total Market

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

KONG was created on 2021-07-21 by Formidable. The fund's investment portfolio concentrates primarily on total market equity. KONG seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world.

Formidable Fortress ETF (KONG) Chart

Key Statistics of Formidable Fortress ETF (KONG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
18.03%
Health Care
17.80%
Financials
16.78%
Industrials
14.69%
Energy
7.62%
Consumer Staples
6.68%
Real Estate
6.18%
Other
3.68%
Communication Services
3.06%
Materials
2.93%
Consumer Discretionary
2.55%

FAQ's for Formidable Fortress ETF (KONG)

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