Is First Trust Global Equity Income UCITS ETF halal to invest in?

As of September 2026, First Trust Global Equity Income UCITS ETF FGBL.L 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 Global Equity Income UCITS ETF 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 Global Equity Income UCITS ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Global Equity Income UCITS ETF updated?

The Shariah compliance status of First Trust Global Equity Income UCITS ETF 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 Global Equity Income UCITS ETF 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 Global Equity Income UCITS ETF?

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

First Trust Global Equity Income UCITS ETF FGBL.L

FGBL.L Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Global Equity Income UCITS ETF is classified as not halal.

NOT HALAL

Is First Trust Global Equity Income UCITS ETF Halal?

Shariah Compliance Analysis of FGBL.L ETF

GB Equity High Dividend Yield

No. As of September 2026, First Trust Global Equity Income UCITS ETF (FGBL.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Global Equity Income UCITS ETF does not pass Musaffa's business and financial screening criteria.

FGBL.L was created on 2015-08-28 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 6.99m in AUM and 308 holdings. The Fund seeks to provide investors with investment results that correspond generally to the price and yield of an equity index called the NASDAQ Global High Equity Income Index (the Index).

First Trust Global Equity Income UCITS ETF (FGBL.L) Chart

Key Statistics of First Trust Global Equity Income UCITS ETF (FGBL.L)

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FAQ's for First Trust Global Equity Income UCITS ETF (FGBL.L)

As of September 2026, First Trust Global Equity Income UCITS ETF FGBL.L 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 Global Equity Income UCITS ETF using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Global Equity Income UCITS ETF 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 Global Equity Income UCITS ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.