What is Templeton Emerging Markets Fund's Shariah compliance score?

Templeton Emerging Markets Fund's (EMF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Templeton Emerging Markets Fund pass AAOIFI screening?

Templeton Emerging Markets Fund (EMF) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (EMF: 0.0%), (3) interest-bearing deposits below 30% (EMF: 0.0%), and (4) prohibited income below 5% (EMF: 10.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Templeton Emerging Markets Fund stock?

Templeton Emerging Markets Fund (EMF) has a non-permissible income ratio of 10.40%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EMF shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Templeton Emerging Markets Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Templeton Emerging Markets Fund (EMF) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about EMF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EMF: Is Templeton Emerging Markets Fund Halal?

Templeton Emerging Markets Fund

NYSEFinancial ServicesUS

$23.61

+2.21%

Market Cap: 352.9M

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Templeton Emerging Markets Fund (EMF) halal? Not Halal. Based on AAOIFI screening, Templeton Emerging Markets Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

22.3% of 5.0% limit

46% of the basket's holdings were screened individually.

About Templeton Emerging Markets Fund

The Templeton Emerging Markets Fund is a closed-ended equity mutual fund initially established by Franklin Resources Inc. Its management is overseen by Templeton Asset Management Ltd. This fund allocates capital to publicly traded companies situated in emerging economies around the globe. It aims to build a portfolio comprising stocks from businesses operating across a broad spectrum of sectors, with a core focus on identifying value stocks. The selection process involves thorough fundamental analysis, scrutinizing elements such as prospective long-term earnings, intrinsic asset value, and potential for robust cash flow. The fund measures its performance against the MSCI Emerging Markets Index. Established on February 26, 1987, the fund is officially domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (22.3%)

Basket Composition

46% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

25%

22%

52%

Halal25%

Doubtful1%

Not Halal22%

Unknown52%

Top Holdings

TSMTaiwan Semiconductor Manufacturing Co. Ltd.Halal16.00%SK Hynix, Inc.Unknown8.67%SSNLFSamsung Electronics Co. Ltd.Halal7.75%Prosus NVUnknown3.27%HYMTFHyundai Motor Co.Not Halal2.81%Franklin Institutional U.S. Government Money Market FundNot Halal2.80%MediaTek, Inc.Unknown2.73%IBNICICI Bank Ltd.Not Halal2.64%Grupo Financiero Banorte SAB de CVUnknown2.51%BABAAlibaba Group Holding Ltd.Not Halal2.28%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

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+0.17%

SLVA+

iShares Silver Trust

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+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is Templeton Emerging Markets Fund (EMF) halal to invest in?

Templeton Emerging Markets Fund (EMF) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Templeton Emerging Markets Fund get a F compliance rating?

Templeton Emerging Markets Fund's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change Templeton Emerging Markets Fund's Shariah verdict?

Templeton Emerging Markets Fund's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is Templeton Emerging Markets Fund re-screened for Shariah compliance?

Templeton Emerging Markets Fund (EMF) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 20, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.