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First Trust Value Line Dividend Index Fund FVD

Is First Trust Value Line Dividend Index Fund ETF Halal?

Shariah Compliance Analysis of FVD ETF

No. As of October 2026, First Trust Value Line Dividend Index Fund (FVD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

FVD Shariah Compliance

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

NOT HALAL

First Trust Value Line Dividend Index Fund (FVD) Chart

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