Is First Trust Financials AlphaDEX Fund halal to invest in?

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

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

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

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

First Trust Financials AlphaDEX Fund FXO

FXO Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is First Trust Financials AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FXO ETF

US Equity Financials

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

FXO was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on financials equity. The ETF currently has 2191.8m in AUM and 107 holdings. FXO tracks an index of large- and mid-cap US financials stocks. The underlying index uses multi-factor selection and tiered equal-weighting.

First Trust Financials AlphaDEX Fund (FXO) Chart

Key Statistics of First Trust Financials AlphaDEX Fund (FXO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Financials
97.80%
Other
2.20%

FAQ's for First Trust Financials AlphaDEX Fund (FXO)

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