Is First Trust Asia Pacific ex-Japan AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Asia Pacific ex-Japan AlphaDEX Fund FPA 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 Asia Pacific ex-Japan 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 Asia Pacific ex-Japan AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Asia Pacific ex-Japan AlphaDEX Fund updated?

The Shariah compliance status of First Trust Asia Pacific ex-Japan 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 Asia Pacific ex-Japan 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 Asia Pacific ex-Japan AlphaDEX Fund?

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

First Trust Asia Pacific ex-Japan AlphaDEX Fund FPA

FPA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Asia Pacific ex-Japan AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Asia Pacific ex-Japan AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FPA ETF

US Equity Total Market

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

FPA was created on 2011-04-18 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 24.01m in AUM and 100 holdings. FPA tracks an index that selects and weights 100 stocks from the S&P Asia Pacific Ex-Japan BMI Index based on their growth and value factors.

First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA) Chart

Key Statistics of First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
29.89%
Financials
21.06%
Consumer Discretionary
11.74%
Real Estate
7.17%
Communication Services
5.54%
Energy
5.53%
Materials
5.40%
Health Care
4.23%
Information Technology
3.72%
Utilities
3.30%
Consumer Staples
2.25%
Other
0.17%

FAQ's for First Trust Asia Pacific ex-Japan AlphaDEX Fund (FPA)

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