Is First Trust Indxx Aerospace & Defense ETF halal to invest in?

As of September 2026, First Trust Indxx Aerospace & Defense ETF MISL 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 Indxx Aerospace & Defense ETF 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 Indxx Aerospace & Defense ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Indxx Aerospace & Defense ETF updated?

The Shariah compliance status of First Trust Indxx Aerospace & Defense ETF 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 Indxx Aerospace & Defense ETF 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 Indxx Aerospace & Defense ETF?

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

First Trust Indxx Aerospace & Defense ETF MISL

MISL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Indxx Aerospace & Defense ETF is classified as not halal.

NOT HALAL

Is First Trust Indxx Aerospace & Defense ETF Halal?

Shariah Compliance Analysis of MISL ETF

US Equity Industrials

No. As of September 2026, First Trust Indxx Aerospace & Defense ETF (MISL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Indxx Aerospace & Defense ETF does not pass Musaffa's business and financial screening criteria.

MISL was created on 2022-10-25 by First Trust. The fund's investment portfolio concentrates primarily on industrials equity. The ETF currently has 1319.35m in AUM and 39 holdings. MISL tracks a market cap-weighted index of 50 US companies involved in advanced and traditional aerospace and defense.

First Trust Indxx Aerospace & Defense ETF (MISL) Chart

Key Statistics of First Trust Indxx Aerospace & Defense ETF (MISL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
99.61%
Communication Services
0.22%
Other
0.17%

FAQ's for First Trust Indxx Aerospace & Defense ETF (MISL)

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