Is First Trust Ultra Short Duration Municipal ETF halal to invest in?

As of September 2026, First Trust Ultra Short Duration Municipal ETF FUMB 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 Ultra Short Duration Municipal 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 Ultra Short Duration Municipal ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Ultra Short Duration Municipal ETF updated?

The Shariah compliance status of First Trust Ultra Short Duration Municipal 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 Ultra Short Duration Municipal 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 Ultra Short Duration Municipal ETF?

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

First Trust Ultra Short Duration Municipal ETF FUMB

FUMB Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Ultra Short Duration Municipal ETF is classified as not halal.

NOT HALAL

Is First Trust Ultra Short Duration Municipal ETF Halal?

Shariah Compliance Analysis of FUMB ETF

US Fixed Income Broad Credit

No. As of September 2026, First Trust Ultra Short Duration Municipal ETF (FUMB) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Ultra Short Duration Municipal ETF does not pass Musaffa's business and financial screening criteria.

FUMB was created on 2018-11-01 by First Trust. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 213.68m in AUM and 212 holdings. FUMB is an actively managed fund of US municipal debt with a targeted portfolio duration of less than one year. The fund seeks tax-exempt income and capital preservation.

First Trust Ultra Short Duration Municipal ETF (FUMB) Chart

Key Statistics of First Trust Ultra Short Duration Municipal ETF (FUMB)

Today's Open

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Avg. Volume

Expense Ratio

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FAQ's for First Trust Ultra Short Duration Municipal ETF (FUMB)

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