Is First Trust S&P REIT Index Fund halal to invest in?

As of September 2026, First Trust S&P REIT Index Fund FRI 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 S&P REIT Index 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 S&P REIT Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust S&P REIT Index Fund updated?

The Shariah compliance status of First Trust S&P REIT Index 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 S&P REIT Index 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 S&P REIT Index Fund?

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

First Trust S&P REIT Index Fund FRI

FRI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust S&P REIT Index Fund is classified as not halal.

NOT HALAL

Is First Trust S&P REIT Index Fund ETF Halal?

Shariah Compliance Analysis of FRI ETF

US Equity Real Estate

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

FRI was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on real estate equity. The ETF currently has 148.31m in AUM and 137 holdings. FRI tracks a market-cap-weighted index of US companies involved in the ownership and operation of real estate

First Trust S&P REIT Index Fund (FRI) Chart

Key Statistics of First Trust S&P REIT Index Fund (FRI)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Real Estate
99.80%
Other
0.20%

FAQ's for First Trust S&P REIT Index Fund (FRI)

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