FAQ #123: Is FTIF Franklin India Fund shariah compliant?

Evaluating Shariah Compliance: Key Criteria and Considerations for Investment Funds #


It is not Shariah compliant as it does not have:

  1. A Shariah Advisor certifying, auditing and maintaining the fund as shariah compliant
  2. Just from the sector alone, you’ll see that the fund invests in banks and insurance companies which is considered non-shariah compliant.

Wallahu A’lam

Explore More