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Alger Mid Cap 40 ETF FRTY

Is Alger Mid Cap 40 ETF Halal?

Shariah Compliance Analysis of FRTY ETF

No. As of October 2026, Alger Mid Cap 40 ETF (FRTY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FRTY was created on 2021-02-26 by Alger. The fund's investment portfolio concentrates primarily on mid cap equity. FRTY is an actively-managed, non-transparent ETF that provides exposure to US mid-cap companies with growth characteristics. The fund utilizes the Precidian non-transparent model.

FRTY Shariah Compliance

As of October 2026, Alger Mid Cap 40 ETF is classified as not halal.

NOT HALAL

Alger Mid Cap 40 ETF (FRTY) Chart

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