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First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD FTMO.L
FTMO.L Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD is classified as not halal.
NOT HALAL
Is First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD Halal?
Shariah Compliance Analysis of FTMO.L ETF
No. As of September 2026, First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD (FTMO.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD does not pass Musaffa's business and financial screening criteria.
FTMO.L was created on 2024-07-30 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 96.12m in AUM and 182 holdings. The Fund seeks investment results that correspond generally to the price and yield, before the Funds fees and expenses, of the US Momentum iNDEX Index.
First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD (FTMO.L) Chart
Key Statistics of First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD (FTMO.L)
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-FAQ's for First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD (FTMO.L)
- As of September 2026, First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD FTMO.L 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 Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD 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 Global Funds ICAV - First Trust US Momentum UCITS ETF Accu A USD on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
