Is First Trust Riverfront Dynamic Europe ETF halal to invest in?

As of September 2026, First Trust Riverfront Dynamic Europe ETF RFEU 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 Riverfront Dynamic Europe 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 Riverfront Dynamic Europe ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Riverfront Dynamic Europe ETF updated?

The Shariah compliance status of First Trust Riverfront Dynamic Europe 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 Riverfront Dynamic Europe 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 Riverfront Dynamic Europe ETF?

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

First Trust Riverfront Dynamic Europe ETF RFEU

RFEU Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Riverfront Dynamic Europe ETF is classified as not halal.

NOT HALAL

Is First Trust Riverfront Dynamic Europe ETF Halal?

Shariah Compliance Analysis of RFEU ETF

US Equity Total Market

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

RFEU was created on 2016-04-13 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 7.5m in AUM and 89 holdings. RFEU is an actively-managed fund that seeks capital appreciation from developed European stocks selected using a factor approach. The manager has discretion to currency-hedge up to 100% of the portfolio.

First Trust Riverfront Dynamic Europe ETF (RFEU) Chart

Key Statistics of First Trust Riverfront Dynamic Europe ETF (RFEU)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
16.85%
Financials
15.16%
Industrials
14.44%
Health Care
12.29%
Energy
10.99%
Consumer Staples
9.13%
Information Technology
8.62%
Utilities
5.45%
Communication Services
3.68%
Other
2.63%
Materials
0.76%

FAQ's for First Trust Riverfront Dynamic Europe ETF (RFEU)

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