Is First Trust Bloomberg Emerging Market Democracies 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 Bloomberg Emerging Market Democracies ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Bloomberg Emerging Market Democracies ETF updated?

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.

Where can I check the Shariah status of First Trust Bloomberg Emerging Market Democracies ETF?

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.

First Trust Bloomberg Emerging Market Democracies ETF EMDM

Is First Trust Bloomberg Emerging Market Democracies ETF Halal?

Q: Can a halal ETF like First Trust Bloomberg Emerging Market Democracies 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.

Shariah Compliance Analysis of EMDM ETF

No. As of October 2026, First Trust Bloomberg Emerging Market Democracies ETF (EMDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

EMDM Shariah Compliance

As of October 2026, First Trust Bloomberg Emerging Market Democracies ETF is classified as not halal.

NOT HALAL

First Trust Bloomberg Emerging Market Democracies ETF (EMDM) Chart

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