Is First Trust Consumer Discretionary AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Consumer Discretionary AlphaDEX Fund FXD 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 Consumer Discretionary AlphaDEX 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 Consumer Discretionary AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Consumer Discretionary AlphaDEX Fund updated?

The Shariah compliance status of First Trust Consumer Discretionary AlphaDEX Fund 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 Consumer Discretionary AlphaDEX Fund?

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

First Trust Consumer Discretionary AlphaDEX Fund FXD

FXD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Consumer Discretionary AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Consumer Discretionary AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FXD ETF

US Equity Consumer Discretionary

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

FXD was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on consumer discretionary equity. The ETF currently has 301.17m in AUM and 119 holdings. FXD tracks an index of large- and mid-cap US consumer discretionary stocks. The underlying index uses multi-factor selection and tiered equal-weighting.

First Trust Consumer Discretionary AlphaDEX Fund (FXD) Chart

Key Statistics of First Trust Consumer Discretionary AlphaDEX Fund (FXD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
77.54%
Communication Services
11.08%
Industrials
5.27%
Consumer Staples
3.80%
Other
2.31%

FAQ's for First Trust Consumer Discretionary AlphaDEX Fund (FXD)

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