First Trust IPOX Europe Equity Opportunities ETF FPXE
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FPXE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust IPOX Europe Equity Opportunities ETF is classified as not halal.
NOT HALAL
Is First Trust IPOX Europe Equity Opportunities ETF Halal?
Shariah Compliance Analysis of FPXE ETF
US Equity Total Market No. As of September 2026, First Trust IPOX Europe Equity Opportunities ETF (FPXE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust IPOX Europe Equity Opportunities ETF does not pass Musaffa's business and financial screening criteria.
FPXE was created on 2018-10-04 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 4.73m in AUM and 101 holdings. FPXE tracks a market-cap-weighted index of the 100 largest European IPOs over the first 1,000 trading days for each stock.
First Trust IPOX Europe Equity Opportunities ETF (FPXE) Chart
Key Statistics of First Trust IPOX Europe Equity Opportunities ETF (FPXE)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Information Technology18.28%
- Health Care17.03%
- Industrials14.45%
- Financials14.02%
- Consumer Discretionary11.24%
- Communication Services9.78%
- Energy4.08%
- Materials3.92%
- Consumer Staples3.44%
- Utilities1.87%
- Other1.15%
- Real Estate0.74%
FAQ's for First Trust IPOX Europe Equity Opportunities ETF (FPXE)
- As of September 2026, First Trust IPOX Europe Equity Opportunities ETF FPXE 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 IPOX Europe Equity Opportunities ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust IPOX Europe Equity Opportunities 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 IPOX Europe Equity Opportunities ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.