Is First Trust Europe AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Europe AlphaDEX Fund FEP 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 Europe 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 Europe AlphaDEX Fund using these criteria to determine its compliance status.

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

The Shariah compliance status of First Trust Europe 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 Europe 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 Europe AlphaDEX Fund?

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

First Trust Europe AlphaDEX Fund FEP

FEP Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is First Trust Europe AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FEP ETF

US Equity Total Market

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

FEP was created on 2011-04-18 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 407.14m in AUM and 200 holdings. FEP tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P's AlphaDex selection methodology.

First Trust Europe AlphaDEX Fund (FEP) Chart

Key Statistics of First Trust Europe AlphaDEX Fund (FEP)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
31.70%
Industrials
20.64%
Consumer Discretionary
10.76%
Energy
8.45%
Materials
6.74%
Communication Services
6.50%
Utilities
4.19%
Consumer Staples
3.54%
Other
3.36%
Health Care
2.26%
Information Technology
1.68%
Real Estate
0.18%

FAQ's for First Trust Europe AlphaDEX Fund (FEP)

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