Is First Trust Value Line Dividend Index Fund halal to invest in?

As of September 2026, First Trust Value Line Dividend Index Fund FVD 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 Value Line Dividend Index 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 Value Line Dividend Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Value Line Dividend Index Fund updated?

The Shariah compliance status of First Trust Value Line Dividend Index 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 Value Line Dividend Index 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 Value Line Dividend Index Fund?

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

First Trust Value Line Dividend Index Fund FVD

FVD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Value Line Dividend Index Fund is classified as not halal.

NOT HALAL

Is First Trust Value Line Dividend Index Fund ETF Halal?

Shariah Compliance Analysis of FVD ETF

US Equity High Dividend Yield

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

FVD was created on 2006-12-18 by First Trust. The fund's investment portfolio concentrates primarily on high dividend yield equity. The ETF currently has 8454.02m in AUM and 238 holdings. FVD tracks an equal-weighted index of dividend-paying companies. The index excludes companies with less than $1 billion in market cap, risky ranking and lower-than-average dividend yield.

First Trust Value Line Dividend Index Fund (FVD) Chart

Key Statistics of First Trust Value Line Dividend Index Fund (FVD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
20.08%
Utilities
17.40%
Consumer Staples
13.79%
Financials
13.41%
Health Care
6.69%
Other
6.69%
Information Technology
5.43%
Consumer Discretionary
5.36%
Materials
4.85%
Communication Services
3.37%
Energy
1.99%
Real Estate
0.94%

FAQ's for First Trust Value Line Dividend Index Fund (FVD)

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