Is First Trust Water ETF halal to invest in?

As of August 2026, First Trust Water ETF FIW is classified as 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 Water 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 Water ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Water ETF updated?

The Shariah compliance status of First Trust Water 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 Water 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 Water ETF?

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

First Trust Water ETF FIW

FIW Shariah Compliance

Screening Methodology: AAOIFI

As of August 2026, First Trust Water ETF is classified as halal.

HALAL

First Trust Water ETF. Analysis FIW

US Equity Theme

FIW was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 1929.34m in AUM and 37 holdings. FIW tracks an index of the 36 largest US-listed water companies, weighted equally within five tiers.

First Trust Water ETF (FIW) Chart

Key Statistics of First Trust Water ETF (FIW)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
51.93%
Health Care
15.62%
Utilities
15.24%
Information Technology
8.12%
Materials
4.12%
Other
3.76%
Consumer Staples
1.21%

FAQ's for First Trust Water ETF (FIW)

As of August 2026, First Trust Water ETF FIW is classified as 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 Water ETF using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Water 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 Water ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.