Is First Trust Emerging Markets AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Emerging Markets AlphaDEX Fund FEM 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 Emerging Markets 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 Emerging Markets AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Emerging Markets AlphaDEX Fund updated?

The Shariah compliance status of First Trust Emerging Markets AlphaDEX Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like First Trust Emerging Markets AlphaDEX 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.

Where can I check the Shariah status of First Trust Emerging Markets AlphaDEX Fund?

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

First Trust Emerging Markets AlphaDEX Fund FEM

FEM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Emerging Markets AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Emerging Markets AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FEM ETF

US Equity Total Market

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

FEM was created on 2011-04-18 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 478.15m in AUM and 152 holdings. FEM tracks an index of emerging markets companies selected using a quantitative methodology and weighted in tiers.

First Trust Emerging Markets AlphaDEX Fund (FEM) Chart

Key Statistics of First Trust Emerging Markets AlphaDEX Fund (FEM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
17.91%
Financials
17.54%
Other
13.45%
Energy
13.29%
Utilities
6.99%
Consumer Discretionary
6.25%
Consumer Staples
6.18%
Materials
6.13%
Information Technology
4.47%
Real Estate
3.74%
Communication Services
3.16%
Health Care
0.89%

FAQ's for First Trust Emerging Markets AlphaDEX Fund (FEM)

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