Is First Trust Materials AlphaDEX Fund halal to invest in?

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

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

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

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

First Trust Materials AlphaDEX Fund FXZ

FXZ Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is First Trust Materials AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FXZ ETF

US Equity Materials

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

FXZ was created on 2007-05-08 by First Trust. The fund's investment portfolio concentrates primarily on materials equity. The ETF currently has 214.18m in AUM and 38 holdings. FXZ tracks a tiered, equal-weighted index of large- and mid-cap basic materials firms in the US. Holdings are selected and weighted based on growth and value metrics.

First Trust Materials AlphaDEX Fund (FXZ) Chart

Key Statistics of First Trust Materials AlphaDEX Fund (FXZ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Materials
92.12%
Industrials
6.88%
Consumer Discretionary
0.89%
Other
0.11%

FAQ's for First Trust Materials AlphaDEX Fund (FXZ)

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