Is First Trust Senior Loan Fund halal to invest in?

As of September 2026, First Trust Senior Loan Fund FTSL 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 Senior Loan Fund 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 Senior Loan Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Senior Loan Fund updated?

The Shariah compliance status of First Trust Senior Loan Fund 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 Senior Loan Fund 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 Senior Loan Fund?

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

First Trust Senior Loan Fund FTSL

FTSL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Senior Loan Fund is classified as not halal.

NOT HALAL

Is First Trust Senior Loan Fund ETF Halal?

Shariah Compliance Analysis of FTSL ETF

US Fixed Income High Yield

No. As of September 2026, First Trust Senior Loan Fund (FTSL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Senior Loan Fund does not pass Musaffa's business and financial screening criteria.

FTSL was created on 2013-05-01 by First Trust. The fund's investment portfolio concentrates primarily on high yield fixed income. The ETF currently has 2350.48m in AUM and 288 holdings. FTSL holds senior floating rate bank loans from firms around the globe. The actively managed fund can hold up to 20% of assets in non-senior loans, including high-yield bonds and equities.

First Trust Senior Loan Fund (FTSL) Chart

Key Statistics of First Trust Senior Loan Fund (FTSL)

Today's Open

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FAQ's for First Trust Senior Loan Fund (FTSL)

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