Is First Trust Developed Markets ex-US Small Cap AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Developed Markets ex-US Small Cap AlphaDEX Fund FDTS 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 Developed Markets ex-US Small Cap 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 Developed Markets ex-US Small Cap AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Developed Markets ex-US Small Cap AlphaDEX Fund updated?

The Shariah compliance status of First Trust Developed Markets ex-US Small Cap AlphaDEX 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 Developed Markets ex-US Small Cap AlphaDEX Fund?

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

First Trust Developed Markets ex-US Small Cap AlphaDEX Fund FDTS

FDTS Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Developed Markets ex-US Small Cap AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Developed Markets ex-US Small Cap AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FDTS ETF

US Equity Small Cap

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

FDTS was created on 2012-02-15 by First Trust. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 8.75m in AUM and 400 holdings. FDTS tracks a tiered equal-weighted index of 400 small-cap companies selected from the S&P Developed Markets ex-US BMI based on S&P's AlphaDex selection methodology.

First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS) Chart

Key Statistics of First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
28.39%
Consumer Discretionary
17.33%
Materials
14.32%
Energy
10.60%
Financials
6.72%
Information Technology
5.99%
Consumer Staples
5.18%
Utilities
3.43%
Communication Services
3.04%
Health Care
2.21%
Real Estate
2.09%
Other
0.70%

FAQ's for First Trust Developed Markets ex-US Small Cap AlphaDEX Fund (FDTS)

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