Is First Trust Germany AlphaDEX Fund halal to invest in?

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

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

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

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

First Trust Germany AlphaDEX Fund FGM

FGM Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is First Trust Germany AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FGM ETF

US Equity Total Market

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

FGM was created on 2012-02-14 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 83.79m in AUM and 41 holdings. FGM tracks a tiered equal-weighted index of 40 companies selected from the S&P Germany BMI based on the S&P's AlphaDex selection methodology.

First Trust Germany AlphaDEX Fund (FGM) Chart

Key Statistics of First Trust Germany AlphaDEX Fund (FGM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
31.79%
Financials
17.09%
Consumer Discretionary
15.81%
Materials
10.33%
Communication Services
9.88%
Information Technology
5.86%
Other
3.59%
Health Care
2.55%
Utilities
2.31%
Consumer Staples
0.79%

FAQ's for First Trust Germany AlphaDEX Fund (FGM)

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