Is First Trust Nasdaq Clean Edge Green Energy Index Fund halal to invest in?

As of September 2026, First Trust Nasdaq Clean Edge Green Energy Index Fund QCLN 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 Nasdaq Clean Edge Green Energy Index Fund 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 Green Energy Index Fund using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Nasdaq Clean Edge Green Energy Index Fund updated?

The Shariah compliance status of First Trust Nasdaq Clean Edge Green Energy Index Fund 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 Green Energy Index Fund?

You can check the latest Shariah compliance status of First Trust Nasdaq Clean Edge Green Energy Index Fund 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 Green Energy Index Fund QCLN

QCLN Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Nasdaq Clean Edge Green Energy Index Fund is classified as not halal.

NOT HALAL

Is First Trust Nasdaq Clean Edge Green Energy Index Fund ETF Halal?

Shariah Compliance Analysis of QCLN ETF

US Equity Theme

No. As of September 2026, First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Nasdaq Clean Edge Green Energy Index Fund does not pass Musaffa's business and financial screening criteria.

QCLN was created on 2007-02-08 by First Trust. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 558.2m in AUM and 50 holdings. QCLN tracks a market-cap-weighted index of US-listed firms involved in clean energy.

First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN) Chart

Key Statistics of First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
36.20%
Industrials
20.47%
Consumer Discretionary
17.78%
Utilities
10.49%
Materials
10.25%
Other
2.24%
Financials
2.22%
Energy
0.35%

FAQ's for First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN)

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