Is First Trust Indxx Metaverse ETF halal to invest in?

As of September 2026, First Trust Indxx Metaverse ETF ARVR 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.

Is First Trust Indxx Metaverse ETF 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 First Trust Indxx Metaverse ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Indxx Metaverse ETF updated?

The Shariah compliance status of First Trust Indxx Metaverse ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like First Trust Indxx Metaverse ETF become non-compliant?

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.

Where can I check the Shariah status of First Trust Indxx Metaverse ETF?

You can check the latest Shariah compliance status of First Trust Indxx Metaverse ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

First Trust Indxx Metaverse ETF ARVR

ARVR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Indxx Metaverse ETF is classified as not halal.

NOT HALAL

Is First Trust Indxx Metaverse ETF Halal?

Shariah Compliance Analysis of ARVR ETF

US Equity Theme

No. As of September 2026, First Trust Indxx Metaverse ETF (ARVR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Indxx Metaverse ETF does not pass Musaffa's business and financial screening criteria.

ARVR was created on 2022-04-19 by First Trust. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 4.87m in AUM and 44 holdings. ARVR tracks a modified equal-weighted index of stocks, spanning a broad range of industries globally, that are involved in business activities associated with the Metaverse.

First Trust Indxx Metaverse ETF (ARVR) Chart

Key Statistics of First Trust Indxx Metaverse ETF (ARVR)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for First Trust Indxx Metaverse ETF (ARVR)

As of September 2026, First Trust Indxx Metaverse ETF ARVR 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 First Trust Indxx Metaverse ETF using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Indxx Metaverse ETF 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 First Trust Indxx Metaverse ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.