Is First Trust Nasdaq Oil & Gas ETF halal to invest in?

As of September 2026, First Trust Nasdaq Oil & Gas ETF FTXN 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 Nasdaq Oil & Gas 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 Nasdaq Oil & Gas ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Nasdaq Oil & Gas ETF updated?

The Shariah compliance status of First Trust Nasdaq Oil & Gas 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 Nasdaq Oil & Gas 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 Nasdaq Oil & Gas ETF?

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

First Trust Nasdaq Oil & Gas ETF FTXN

FTXN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Nasdaq Oil & Gas ETF is classified as not halal.

NOT HALAL

Is First Trust Nasdaq Oil & Gas ETF Halal?

Shariah Compliance Analysis of FTXN ETF

US Equity Energy

No. As of September 2026, First Trust Nasdaq Oil & Gas ETF (FTXN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Nasdaq Oil & Gas ETF does not pass Musaffa's business and financial screening criteria.

FTXN was created on 2016-09-20 by First Trust. The fund's investment portfolio concentrates primarily on energy equity. The ETF currently has 100.0m in AUM and 42 holdings. FTXN tracks an index composed of 50 US oil and gas companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors.

First Trust Nasdaq Oil & Gas ETF (FTXN) Chart

Key Statistics of First Trust Nasdaq Oil & Gas ETF (FTXN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Energy
99.63%
Other
0.37%

FAQ's for First Trust Nasdaq Oil & Gas ETF (FTXN)

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