First Trust New Constructs Core Earnings Leaders ETF FTCE
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FTCE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust New Constructs Core Earnings Leaders ETF is classified as not halal.
NOT HALAL
Is First Trust New Constructs Core Earnings Leaders ETF Halal?
Shariah Compliance Analysis of FTCE ETF
US Equity Total Market No. As of September 2026, First Trust New Constructs Core Earnings Leaders ETF (FTCE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust New Constructs Core Earnings Leaders ETF does not pass Musaffa's business and financial screening criteria.
FTCE was created on 2024-10-02 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 55.23m in AUM and 103 holdings. FTCE tracks a market cap-weighted index of companies with high earnings quality, as selected and measured using the Earnings Capture metric. The fund holds 100 securities, representing the top companies within each Bloomberg sector classification.
First Trust New Constructs Core Earnings Leaders ETF (FTCE) Chart
Key Statistics of First Trust New Constructs Core Earnings Leaders ETF (FTCE)
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-FAQ's for First Trust New Constructs Core Earnings Leaders ETF (FTCE)
- As of September 2026, First Trust New Constructs Core Earnings Leaders ETF FTCE 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 New Constructs Core Earnings Leaders ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust New Constructs Core Earnings Leaders 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 New Constructs Core Earnings Leaders ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.