First Trust Bloomberg Emerging Market Democracies ETF EMDM
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EMDM Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Bloomberg Emerging Market Democracies ETF is classified as not halal.
NOT HALAL
Is First Trust Bloomberg Emerging Market Democracies ETF Halal?
Shariah Compliance Analysis of EMDM ETF
US Equity Total Market No. As of September 2026, First Trust Bloomberg Emerging Market Democracies ETF (EMDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Bloomberg Emerging Market Democracies ETF does not pass Musaffa's business and financial screening criteria.
EMDM was created on 2023-03-02 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 12.21m in AUM and 103 holdings. EMDM follows a principles-based index of large- and mid-cap companies located in emerging market countries considered to have electoral democracy. Holdings are weighted based on a combination of governance score and market capitalization.
First Trust Bloomberg Emerging Market Democracies ETF (EMDM) Chart
Key Statistics of First Trust Bloomberg Emerging Market Democracies ETF (EMDM)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Information Technology26.62%
- Financials21.36%
- Materials13.22%
- Energy7.54%
- Consumer Discretionary7.12%
- Consumer Staples6.89%
- Communication Services5.79%
- Industrials4.39%
- Other3.82%
- Utilities2.34%
- Health Care0.91%
FAQ's for First Trust Bloomberg Emerging Market Democracies ETF (EMDM)
- As of September 2026, First Trust Bloomberg Emerging Market Democracies ETF EMDM 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 Bloomberg Emerging Market Democracies ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Bloomberg Emerging Market Democracies 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 Bloomberg Emerging Market Democracies ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.