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First Trust Emerging Markets Small Cap AlphaDEX Fund FEMS

Is First Trust Emerging Markets Small Cap AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FEMS ETF

No. As of October 2026, First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FEMS was created on 2012-02-15 by First Trust. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 241.94m in AUM and 200 holdings. FEMS aims to outperform other index funds by selecting small-cap emerging markets securities using quantitative metrics.

FEMS Shariah Compliance

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

NOT HALAL

First Trust Emerging Markets Small Cap AlphaDEX Fund (FEMS) Chart

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