Is First Trust Morningstar Dividend Leaders Index Fund halal to invest in?

As of October 2026, First Trust Morningstar Dividend Leaders Index Fund FDL 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 Morningstar Dividend Leaders Index 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 Morningstar Dividend Leaders Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Morningstar Dividend Leaders Index Fund updated?

The Shariah compliance status of First Trust Morningstar Dividend Leaders Index Fund 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 Morningstar Dividend Leaders Index Fund?

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

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First Trust Morningstar Dividend Leaders Index Fund FDL

Is First Trust Morningstar Dividend Leaders Index Fund ETF Halal?

Q: Can a halal ETF like First Trust Morningstar Dividend Leaders Index 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.

Shariah Compliance Analysis of FDL ETF

No. As of October 2026, First Trust Morningstar Dividend Leaders Index Fund (FDL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FDL was created on 2006-03-09 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 6098.91m in AUM and 90 holdings. FDL tracks a dividend-weighted index of US companies with consistent and sustained dividend payments. The fund holds roughly 100 securities and excludes REITs.

FDL Shariah Compliance

As of October 2026, First Trust Morningstar Dividend Leaders Index Fund is classified as not halal.

NOT HALAL

First Trust Morningstar Dividend Leaders Index Fund (FDL) Chart

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