Is FT Raymond James Multicap Growth Equity ETF halal to invest in?

As of September 2026, FT Raymond James Multicap Growth Equity ETF RJMG 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 FT Raymond James Multicap Growth Equity 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 FT Raymond James Multicap Growth Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for FT Raymond James Multicap Growth Equity ETF updated?

The Shariah compliance status of FT Raymond James Multicap Growth Equity 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 FT Raymond James Multicap Growth Equity 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 FT Raymond James Multicap Growth Equity ETF?

You can check the latest Shariah compliance status of FT Raymond James Multicap Growth Equity ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

FT Raymond James Multicap Growth Equity ETF RJMG

RJMG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, FT Raymond James Multicap Growth Equity ETF is classified as not halal.

NOT HALAL

Is FT Raymond James Multicap Growth Equity ETF Halal?

Shariah Compliance Analysis of RJMG ETF

US Equity Total Market

No. As of September 2026, FT Raymond James Multicap Growth Equity ETF (RJMG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. FT Raymond James Multicap Growth Equity ETF does not pass Musaffa's business and financial screening criteria.

RJMG was created on 2024-01-17 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 12.36m in AUM and 41 holdings. RJMG holds a portfolio of US growth stocks rated as strong buy or outperform by the sub-advisor's proprietary equity research model. The actively managed fund seeks long-term capital appreciation.

FT Raymond James Multicap Growth Equity ETF (RJMG) Chart

Key Statistics of FT Raymond James Multicap Growth Equity ETF (RJMG)

Today's Open

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Avg. Volume

Expense Ratio

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FAQ's for FT Raymond James Multicap Growth Equity ETF (RJMG)

As of September 2026, FT Raymond James Multicap Growth Equity ETF RJMG 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 FT Raymond James Multicap Growth Equity ETF using these criteria to determine its compliance status.
The Shariah compliance status of FT Raymond James Multicap Growth Equity 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 FT Raymond James Multicap Growth Equity ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.