Is FlexShares Morningstar Emerging Markets Factor Tilt Index Fund 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 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for FlexShares Morningstar Emerging Markets Factor Tilt Index Fund updated?

The Shariah compliance status of FlexShares Morningstar Emerging Markets Factor Tilt 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 Morningstar Emerging Markets Factor Tilt Index Fund?

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

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE

TLTE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FlexShares Morningstar Emerging Markets Factor Tilt Index Fund is classified as not halal.

NOT HALAL

Is FlexShares Morningstar Emerging Markets Factor Tilt Index Fund ETF Halal?

Shariah Compliance Analysis of TLTE ETF

US Equity Total Market

No. As of September 2026, FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FlexShares Morningstar Emerging Markets Factor Tilt Index Fund does not pass Musaffa's business and financial screening criteria.

TLTE was created on 2012-09-25 by FlexShares. The fund's investment portfolio concentrates primarily on total market equity. TLTE tracks an index of equities from emerging market countries. The index underweights large-cap and growth stocks in favor of small-cap and value stocks.

FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE) Chart

Key Statistics of FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
17.83%
Information Technology
16.62%
Other
12.45%
Industrials
9.89%
Consumer Discretionary
9.81%
Materials
7.92%
Communication Services
5.56%
Consumer Staples
4.90%
Energy
4.11%
Real Estate
3.95%
Health Care
3.56%
Utilities
3.40%

FAQ's for FlexShares Morningstar Emerging Markets Factor Tilt Index Fund (TLTE)

As of September 2026, FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 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 Morningstar Emerging Markets Factor Tilt Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of FlexShares Morningstar Emerging Markets Factor Tilt 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 Morningstar Emerging Markets Factor Tilt Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.