First Trust NYSE Arca Biotechnology ETF Trust Units FBT.TO
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FBT.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust NYSE Arca Biotechnology ETF Trust Units is classified as halal.
HALAL
Is First Trust NYSE Arca Biotechnology ETF Trust Units Halal?
Shariah Compliance Analysis of FBT.TO ETF
CA Equity Health Care Yes. As of September 2026, First Trust NYSE Arca Biotechnology ETF Trust Units (FBT.TO) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust NYSE Arca Biotechnology ETF Trust Units passes Musaffa's business and financial screening criteria.
FBT.TO was created on 2021-02-17 by First Trust. The fund's investment portfolio concentrates primarily on health care equity. The fund tracks an equal-weighted index of US biotechnology stocks.
First Trust NYSE Arca Biotechnology ETF Trust Units (FBT.TO) Chart
Key Statistics of First Trust NYSE Arca Biotechnology ETF Trust Units (FBT.TO)
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-FAQ's for First Trust NYSE Arca Biotechnology ETF Trust Units (FBT.TO)
- As of September 2026, First Trust NYSE Arca Biotechnology ETF Trust Units FBT.TO is classified as 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 NYSE Arca Biotechnology ETF Trust Units using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust NYSE Arca Biotechnology ETF Trust Units 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 NYSE Arca Biotechnology ETF Trust Units on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.