First Trust Intermediate Government Opportunities ETF MGOV
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MGOV Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Intermediate Government Opportunities ETF is classified as not halal.
NOT HALAL
Is First Trust Intermediate Government Opportunities ETF Halal?
Shariah Compliance Analysis of MGOV ETF
US Fixed Income Investment Grade No. As of September 2026, First Trust Intermediate Government Opportunities ETF (MGOV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Intermediate Government Opportunities ETF does not pass Musaffa's business and financial screening criteria.
MGOV was created on 2023-08-03 by First Trust. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 82.75m in AUM and 90 holdings. MGOV is an actively managed ETF that mainly invests in U.S. Treasury and mortgage-related securities. The portfolio aims to have an average duration of three to eight years.
First Trust Intermediate Government Opportunities ETF (MGOV) Chart
Key Statistics of First Trust Intermediate Government Opportunities ETF (MGOV)
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-FAQ's for First Trust Intermediate Government Opportunities ETF (MGOV)
- As of September 2026, First Trust Intermediate Government Opportunities ETF MGOV 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 Intermediate Government Opportunities ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Intermediate Government Opportunities ETF 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 Intermediate Government Opportunities ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.