How often is the Shariah compliance for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund updated?

The Shariah compliance status of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund?

You can check the latest Shariah compliance status of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund QLVD

QLVD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FlexShares Developed Markets ex-US Quality Low Volatility Index Fund is classified as not halal.

NOT HALAL

Is FlexShares Developed Markets ex-US Quality Low Volatility Index Fund ETF Halal?

Shariah Compliance Analysis of QLVD ETF

US Equity Total Market

No. As of September 2026, FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FlexShares Developed Markets ex-US Quality Low Volatility Index Fund does not pass Musaffa's business and financial screening criteria.

QLVD was created on 2019-07-15 by FlexShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 59.08m in AUM and 168 holdings. QLVD tracks a market cap-weighted index of large- and mid-cap equities from developed markets excluding the US. Holdings are selected for quality and low volatility.

FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD) Chart

Key Statistics of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
18.84%
Industrials
17.53%
Consumer Staples
12.17%
Health Care
11.71%
Communication Services
7.48%
Consumer Discretionary
7.34%
Utilities
6.05%
Information Technology
5.59%
Real Estate
4.52%
Energy
4.20%
Materials
3.94%
Other
0.63%

FAQ's for FlexShares Developed Markets ex-US Quality Low Volatility Index Fund (QLVD)

As of September 2026, FlexShares Developed Markets ex-US Quality Low Volatility Index Fund QLVD 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 FlexShares Developed Markets ex-US Quality Low Volatility Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of FlexShares Developed Markets ex-US Quality Low Volatility Index Fund 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 FlexShares Developed Markets ex-US Quality Low Volatility Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.