Is First Trust Small Cap Growth AlphaDEX Fund halal to invest in?

As of September 2026, First Trust Small Cap Growth AlphaDEX Fund FYC 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 Small Cap Growth 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 Small Cap Growth AlphaDEX Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Small Cap Growth AlphaDEX Fund updated?

The Shariah compliance status of First Trust Small Cap Growth 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 Small Cap Growth 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 Small Cap Growth AlphaDEX Fund?

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

First Trust Small Cap Growth AlphaDEX Fund FYC

FYC Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Small Cap Growth AlphaDEX Fund is classified as not halal.

NOT HALAL

Is First Trust Small Cap Growth AlphaDEX Fund ETF Halal?

Shariah Compliance Analysis of FYC ETF

US Equity Small Cap

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

FYC was created on 2011-04-19 by First Trust. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 757.96m in AUM and 263 holdings. FYC tracks a quant-driven index that select stocks from a small-cap growth universe in an attempt to outperform the market.

First Trust Small Cap Growth AlphaDEX Fund (FYC) Chart

Key Statistics of First Trust Small Cap Growth AlphaDEX Fund (FYC)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
21.34%
Industrials
19.19%
Information Technology
14.94%
Financials
12.43%
Consumer Discretionary
9.35%
Real Estate
8.07%
Energy
5.17%
Communication Services
4.48%
Materials
3.06%
Consumer Staples
1.38%
Utilities
0.43%
Other
0.16%

FAQ's for First Trust Small Cap Growth AlphaDEX Fund (FYC)

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