Is First Trust Dow Jones Global Select Dividend Index Fund halal to invest in?

As of September 2026, First Trust Dow Jones Global Select Dividend Index Fund FGD 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 Dow Jones Global Select Dividend Index 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 Dow Jones Global Select Dividend Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Dow Jones Global Select Dividend Index Fund updated?

The Shariah compliance status of First Trust Dow Jones Global Select Dividend Index Fund may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of First Trust Dow Jones Global Select Dividend Index Fund?

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

First Trust Dow Jones Global Select Dividend Index Fund FGD

FGD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Dow Jones Global Select Dividend Index Fund is classified as not halal.

NOT HALAL

Is First Trust Dow Jones Global Select Dividend Index Fund ETF Halal?

Shariah Compliance Analysis of FGD ETF

US Equity High Dividend Yield

No. As of September 2026, First Trust Dow Jones Global Select Dividend Index Fund (FGD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Dow Jones Global Select Dividend Index Fund does not pass Musaffa's business and financial screening criteria.

FGD was created on 2007-11-21 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 1008.42m in AUM and 99 holdings. FGD tracks a yield-weighted index of the top 100 dividend-yielding stocks in 25 developed countries that meet sustainability criteria.

First Trust Dow Jones Global Select Dividend Index Fund (FGD) Chart

Key Statistics of First Trust Dow Jones Global Select Dividend Index Fund (FGD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
38.95%
Materials
10.06%
Communication Services
10.05%
Industrials
8.53%
Energy
8.49%
Utilities
6.56%
Consumer Staples
5.28%
Consumer Discretionary
4.37%
Other
4.10%
Real Estate
3.61%

FAQ's for First Trust Dow Jones Global Select Dividend Index Fund (FGD)

As of September 2026, First Trust Dow Jones Global Select Dividend Index Fund FGD 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 Dow Jones Global Select Dividend Index Fund using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Dow Jones Global Select Dividend Index 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 Dow Jones Global Select Dividend Index Fund on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.