Is First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index 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 Nasdaq Clean Edge Smart GRID Infrastructure Index using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index updated?

The Shariah compliance status of First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index 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 Nasdaq Clean Edge Smart GRID Infrastructure Index?

You can check the latest Shariah compliance status of First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index GRID

GRID Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index is classified as halal.

HALAL

Is First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index ETF Halal?

Shariah Compliance Analysis of GRID ETF

US Equity Theme

Yes. As of September 2026, First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index passes Musaffa's business and financial screening criteria.

GRID was created on 2009-11-16 by First Trust. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 5254.26m in AUM and 116 holdings. GRID tracks a market-cap-weighted index of global equities in the smart grid and electrical energy infrastructure sector.

First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID) Chart

Key Statistics of First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
58.50%
Utilities
17.84%
Information Technology
17.25%
Consumer Discretionary
5.53%
Other
0.86%
Materials
0.02%

FAQ's for First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index (GRID)

As of September 2026, First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index GRID is classified as 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 Nasdaq Clean Edge Smart GRID Infrastructure Index using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Nasdaq Clean Edge Smart GRID Infrastructure Index 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 Nasdaq Clean Edge Smart GRID Infrastructure Index on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.