Is First Trust Dow Jones Select MicroCap Index Fund halal to invest in?

As of September 2026, First Trust Dow Jones Select MicroCap Index Fund FDM 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 Dow Jones Select MicroCap 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 Dow Jones Select MicroCap Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Dow Jones Select MicroCap Index Fund updated?

The Shariah compliance status of First Trust Dow Jones Select MicroCap 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 Dow Jones Select MicroCap Index Fund?

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

First Trust Dow Jones Select MicroCap Index Fund FDM

FDM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Dow Jones Select MicroCap Index Fund is classified as not halal.

NOT HALAL

Is First Trust Dow Jones Select MicroCap Index Fund ETF Halal?

Shariah Compliance Analysis of FDM ETF

US Equity Micro Cap

No. As of September 2026, First Trust Dow Jones Select MicroCap Index Fund (FDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Dow Jones Select MicroCap Index Fund does not pass Musaffa's business and financial screening criteria.

FDM was created on 2005-09-27 by First Trust. The fund's investment portfolio concentrates primarily on micro cap equity. The ETF currently has 218.6m in AUM and 153 holdings. FDM tracks an index of U.S.-listed stocks in the bottom two market-cap deciles. Only stocks that meet fundamental and liquidity thresholds are included in the index.

First Trust Dow Jones Select MicroCap Index Fund (FDM) Chart

Key Statistics of First Trust Dow Jones Select MicroCap Index Fund (FDM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
27.21%
Industrials
20.06%
Consumer Discretionary
15.95%
Energy
8.99%
Information Technology
8.38%
Consumer Staples
6.25%
Materials
4.44%
Health Care
4.13%
Communication Services
2.17%
Utilities
1.35%
Real Estate
0.74%
Other
0.33%

FAQ's for First Trust Dow Jones Select MicroCap Index Fund (FDM)

As of September 2026, First Trust Dow Jones Select MicroCap Index Fund FDM 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 Dow Jones Select MicroCap Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Dow Jones Select MicroCap Index 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 Dow Jones Select MicroCap Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.