First Trust Multi-Manager Small Cap Opportunities ETF MMSC
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MMSC Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Multi-Manager Small Cap Opportunities ETF is classified as not halal.
NOT HALAL
Is First Trust Multi-Manager Small Cap Opportunities ETF Halal?
Shariah Compliance Analysis of MMSC ETF
US Equity Small Cap No. As of September 2026, First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Multi-Manager Small Cap Opportunities ETF does not pass Musaffa's business and financial screening criteria.
MMSC was created on 2021-10-13 by First Trust. The fund's investment portfolio concentrates primarily on small cap equity. The ETF currently has 38.09m in AUM and 202 holdings. MMSC is an actively managed ETF that utilizes a multi-manager approach to provide exposure to small-cap US growth stocks.
First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) Chart
Key Statistics of First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Industrials22.76%
- Information Technology21.89%
- Health Care20.17%
- Financials9.67%
- Consumer Discretionary8.70%
- Energy6.38%
- Consumer Staples4.11%
- Materials3.39%
- Other2.42%
- Communication Services0.51%
FAQ's for First Trust Multi-Manager Small Cap Opportunities ETF (MMSC)
- As of September 2026, First Trust Multi-Manager Small Cap Opportunities ETF MMSC 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 Multi-Manager Small Cap Opportunities ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Multi-Manager Small Cap 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 Multi-Manager Small Cap Opportunities ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.