Is First Trust Technology AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Technology AlphaDEX Fund FXL 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 Technology 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 Technology AlphaDEX Fund using these criteria to determine its compliance status.

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

The Shariah compliance status of First Trust Technology AlphaDEX 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 Technology AlphaDEX 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 Technology AlphaDEX Fund?

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

First Trust Technology AlphaDEX Fund FXL

FXL Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is First Trust Technology AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FXL ETF

US Equity Information Technology

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

FXL was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 1449.6m in AUM and 100 holdings. FXL tracks a tiered, equal-weighted index of large- and mid-cap US technology firms. Holdings are selected and weighted based on growth and value metrics.

First Trust Technology AlphaDEX Fund (FXL) Chart

Key Statistics of First Trust Technology AlphaDEX Fund (FXL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
82.04%
Industrials
10.66%
Communication Services
3.56%
Consumer Discretionary
1.83%
Financials
1.77%
Other
0.14%

FAQ's for First Trust Technology AlphaDEX Fund (FXL)

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