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First Trust Managed Municipal ETF FMB

Is First Trust Managed Municipal ETF Halal?

Shariah Compliance Analysis of FMB ETF

No. As of October 2026, First Trust Managed Municipal ETF (FMB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FMB was created on 2014-05-13 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 1934.83m in AUM and 1249 holdings. FMB is an actively managed fund that invests primarily in investment-grade municipal bonds, with some high-yield exposure.

FMB Shariah Compliance

As of October 2026, First Trust Managed Municipal ETF is classified as not halal.

NOT HALAL

First Trust Managed Municipal ETF (FMB) Chart

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