The film was critically acclaimed and did well at the box office.[7][8] Critics praised the lead performances. Kapoor in particular was applauded for her performance as a disillusioned sister.[9][10][11]
In May 2010, Fiza was one of the 14 Hindi films selected by the Film Society of Lincoln Center to be screened as part of a section called "Muslim Cultures of Bombay Cinema" which aims to "celebrate and explore the rich influence of Muslim cultural and social traditions on the cinema of Bombay to the present".[19][20]
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