Is First Trust Large Cap Core AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Large Cap Core AlphaDEX Fund FEX 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 Large Cap Core 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 Large Cap Core AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Large Cap Core AlphaDEX Fund updated?

The Shariah compliance status of First Trust Large Cap Core 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 Large Cap Core 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 Large Cap Core AlphaDEX Fund?

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

First Trust Large Cap Core AlphaDEX Fund FEX

FEX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Large Cap Core AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Large Cap Core AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FEX ETF

US Equity Large Cap

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

FEX was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 1390.65m in AUM and 378 holdings. FEX tracks a tiered equal-weighted index of large-cap stocks selected from the S&P 500 based on the S&P's AlphaDex selection methodology.

First Trust Large Cap Core AlphaDEX Fund (FEX) Chart

Key Statistics of First Trust Large Cap Core AlphaDEX Fund (FEX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
18.38%
Industrials
16.01%
Consumer Discretionary
10.86%
Information Technology
10.83%
Utilities
8.55%
Energy
8.26%
Health Care
7.32%
Consumer Staples
5.73%
Materials
5.07%
Communication Services
4.53%
Real Estate
3.79%
Other
0.67%

FAQ's for First Trust Large Cap Core AlphaDEX Fund (FEX)

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