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First Trust Value Line Dividend Index ETF (CAD-Hedged) FUD.TO
FUD.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Value Line Dividend Index ETF (CAD-Hedged) is classified as not halal.
NOT HALAL
Is First Trust Value Line Dividend Index ETF (CAD-Hedged) Halal?
Shariah Compliance Analysis of FUD.TO ETF
No. As of September 2026, First Trust Value Line Dividend Index ETF (CAD-Hedged) (FUD.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Value Line Dividend Index ETF (CAD-Hedged) does not pass Musaffa's business and financial screening criteria.
FUD.TO was created on 2013-05-15 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 7.86m in AUM and 242 holdings. The fund invests in a portfolio of US-listed equities, selected and weighted for higher than average dividends and exposure to five growth characteristics.
First Trust Value Line Dividend Index ETF (CAD-Hedged) (FUD.TO) Chart
Key Statistics of First Trust Value Line Dividend Index ETF (CAD-Hedged) (FUD.TO)
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-FAQ's for First Trust Value Line Dividend Index ETF (CAD-Hedged) (FUD.TO)
- As of September 2026, First Trust Value Line Dividend Index ETF (CAD-Hedged) FUD.TO 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 Value Line Dividend Index ETF (CAD-Hedged) using these criteria to determine its compliance status.
- 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.
- 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 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.
