Is First Trust Small Cap BuyWrite Income ETF halal to invest in?

As of September 2026, First Trust Small Cap BuyWrite Income ETF FTKI 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 Small Cap BuyWrite Income ETF 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 Small Cap BuyWrite Income ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Small Cap BuyWrite Income ETF updated?

The Shariah compliance status of First Trust Small Cap BuyWrite Income ETF 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 Small Cap BuyWrite Income ETF 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 Small Cap BuyWrite Income ETF?

You can check the latest Shariah compliance status of First Trust Small Cap BuyWrite Income ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

First Trust Small Cap BuyWrite Income ETF FTKI

FTKI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Small Cap BuyWrite Income ETF is classified as not halal.

NOT HALAL

Is First Trust Small Cap BuyWrite Income ETF Halal?

Shariah Compliance Analysis of FTKI ETF

US Equity Small Cap

No. As of September 2026, First Trust Small Cap BuyWrite Income ETF (FTKI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Small Cap BuyWrite Income ETF does not pass Musaffa's business and financial screening criteria.

FTKI was created on 2025-02-26 by First Trust. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 0.96m in AUM and 177 holdings. FTKI seeks to provide current income and capital appreciation by holding a portfolio of US-listed small cap equities, while utilizing a naked call writing strategy on the Russell 2000 Index or on small-cap ETF.

First Trust Small Cap BuyWrite Income ETF (FTKI) Chart

Key Statistics of First Trust Small Cap BuyWrite Income ETF (FTKI)

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FAQ's for First Trust Small Cap BuyWrite Income ETF (FTKI)

As of September 2026, First Trust Small Cap BuyWrite Income ETF FTKI 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 Small Cap BuyWrite Income ETF using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Small Cap BuyWrite Income 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 Small Cap BuyWrite Income ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.