First Trust Short Duration Managed Municipal ETF FSMB
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FSMB Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Short Duration Managed Municipal ETF is classified as not halal.
NOT HALAL
Is First Trust Short Duration Managed Municipal ETF Halal?
Shariah Compliance Analysis of FSMB ETF
US Fixed Income Broad Credit No. As of September 2026, First Trust Short Duration Managed Municipal ETF (FSMB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Short Duration Managed Municipal ETF does not pass Musaffa's business and financial screening criteria.
FSMB was created on 2018-11-01 by First Trust. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 505.15m in AUM and 478 holdings. FSMB is an actively managed portfolio of US municipal debt with a targeted portfolio duration of 1 to 3 years. The fund seeks tax-exempt income and capital preservation.
First Trust Short Duration Managed Municipal ETF (FSMB) Chart
Key Statistics of First Trust Short Duration Managed Municipal ETF (FSMB)
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-FAQ's for First Trust Short Duration Managed Municipal ETF (FSMB)
- As of September 2026, First Trust Short Duration Managed Municipal ETF FSMB 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 Short Duration Managed Municipal ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Short Duration Managed Municipal 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 Short Duration Managed Municipal ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.