First Trust S&P 500 Diversified Free Cash Flow ETF FCFY
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FCFY Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust S&P 500 Diversified Free Cash Flow ETF is classified as not halal.
NOT HALAL
Is First Trust S&P 500 Diversified Free Cash Flow ETF Halal?
Shariah Compliance Analysis of FCFY ETF
US Equity Large Cap No. As of September 2026, First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust S&P 500 Diversified Free Cash Flow ETF does not pass Musaffa's business and financial screening criteria.
FCFY was created on 2023-08-23 by First Trust. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 1.4m in AUM and 102 holdings. FCFY tracks an index composed of the largest U.S. companies that are perceived to have strong free cash flow yields in comparison to other firms within the same GICS sector.
First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) Chart
Key Statistics of First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Information Technology29.21%
- Health Care13.79%
- Financials13.45%
- Consumer Discretionary11.02%
- Communication Services9.50%
- Industrials7.18%
- Consumer Staples5.83%
- Energy3.01%
- Utilities2.53%
- Real Estate2.52%
- Materials1.87%
- Other0.09%
FAQ's for First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY)
- As of September 2026, First Trust S&P 500 Diversified Free Cash Flow ETF FCFY 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 S&P 500 Diversified Free Cash Flow ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust S&P 500 Diversified Free Cash Flow 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 S&P 500 Diversified Free Cash Flow ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.