Is First Trust Value Line Dividend Index ETF (CAD-Hedged) 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 Value Line Dividend Index ETF (CAD-Hedged) using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Value Line Dividend Index ETF (CAD-Hedged) updated?

The Shariah compliance status of First Trust Value Line Dividend Index ETF (CAD-Hedged) may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of First Trust Value Line Dividend Index ETF (CAD-Hedged)?

You can check the latest Shariah compliance status of First Trust Value Line Dividend Index ETF (CAD-Hedged) on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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First Trust Value Line Dividend Index ETF (CAD-Hedged) FUD.A.TO

Is First Trust Value Line Dividend Index ETF (CAD-Hedged) Halal?

Q: Can a halal ETF like First Trust Value Line Dividend Index ETF (CAD-Hedged) 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.

Shariah Compliance Analysis of FUD.A.TO ETF

No. As of October 2026, First Trust Value Line Dividend Index ETF (CAD-Hedged) (FUD.A.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FUD.A.TO was created on 2013-05-15 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. First Trust Value Line Dividend Index ETF (CAD-Hedged) seeks to replicate, to the extent possible, the performance of the Value Line Dividend Index on a currency hedged basis (the Index), net of expenses.

FUD.A.TO Shariah Compliance

As of October 2026, First Trust Value Line Dividend Index ETF (CAD-Hedged) is classified as not halal.

NOT HALAL

First Trust Value Line Dividend Index ETF (CAD-Hedged) (FUD.A.TO) Chart

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