Is First Trust Multi Cap Value AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Multi Cap Value AlphaDEX Fund FAB 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 Multi Cap Value AlphaDEX Fund 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 Multi Cap Value AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Multi Cap Value AlphaDEX Fund updated?

The Shariah compliance status of First Trust Multi Cap Value AlphaDEX Fund 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 Multi Cap Value AlphaDEX Fund 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 Multi Cap Value AlphaDEX Fund?

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

First Trust Multi Cap Value AlphaDEX Fund FAB

FAB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Multi Cap Value AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Multi Cap Value AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FAB ETF

US Equity Total Market

No. As of September 2026, First Trust Multi Cap Value AlphaDEX Fund (FAB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Multi Cap Value AlphaDEX Fund does not pass Musaffa's business and financial screening criteria.

FAB was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 121.17m in AUM and 675 holdings. FAB tracks an index that uses fundamental factors to select and weight value stocks from the Nasdaq US Select Indices.

First Trust Multi Cap Value AlphaDEX Fund (FAB) Chart

Key Statistics of First Trust Multi Cap Value AlphaDEX Fund (FAB)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
23.87%
Consumer Discretionary
12.98%
Energy
11.05%
Industrials
10.99%
Utilities
9.56%
Materials
6.41%
Consumer Staples
6.12%
Health Care
5.28%
Information Technology
4.68%
Communication Services
4.35%
Real Estate
3.22%
Other
1.49%

FAQ's for First Trust Multi Cap Value AlphaDEX Fund (FAB)

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