Is First Trust EIP Carbon Impact ETF halal to invest in?

As of September 2026, First Trust EIP Carbon Impact ETF ECLN 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 EIP Carbon Impact 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 EIP Carbon Impact ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust EIP Carbon Impact ETF updated?

The Shariah compliance status of First Trust EIP Carbon Impact 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 EIP Carbon Impact 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 EIP Carbon Impact ETF?

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

First Trust EIP Carbon Impact ETF ECLN

ECLN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust EIP Carbon Impact ETF is classified as not halal.

NOT HALAL

Is First Trust EIP Carbon Impact ETF Halal?

Shariah Compliance Analysis of ECLN ETF

US Equity Theme

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

ECLN was created on 2019-08-19 by First Trust. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 19.66m in AUM and 60 holdings. ECLN is an actively-managed fund comprised of developed-economy equities of companies committed to a reduction of carbon emissions.

First Trust EIP Carbon Impact ETF (ECLN) Chart

Key Statistics of First Trust EIP Carbon Impact ETF (ECLN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Utilities
66.55%
Energy
17.08%
Other
12.38%
Industrials
3.99%

FAQ's for First Trust EIP Carbon Impact ETF (ECLN)

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