Is First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May 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 Vest U.S. Equity Moderate Buffer UCITS ETF - May using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May updated?

The Shariah compliance status of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May 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 Vest U.S. Equity Moderate Buffer UCITS ETF - May?

You can check the latest Shariah compliance status of First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May GMAY.L

Is First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May Halal?

Q: Can a halal ETF like First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May 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.

Shariah Compliance Analysis of GMAY.L ETF

No. As of October 2026, First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May (GMAY.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

GMAY.L was created on 2024-05-17 by First Trust. The fund's investment portfolio concentrates primarily on large cap equity. The Fund seeks to provide investors with returns that match the price returns of the S&P 500 Index (the Index), up to a predetermined upside cap, while providing a buffer (before fees and expenses) against the first 15% of Index losses (the Buffer), over a specified approximately one-year time period (the Target Outcome Period)

GMAY.L Shariah Compliance

As of October 2026, First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May is classified as not halal.

NOT HALAL

First Trust Vest U.S. Equity Moderate Buffer UCITS ETF - May (GMAY.L) Chart

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