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First Trust Bloomberg R&D Leaders ETF RND

Is First Trust Bloomberg R&D Leaders ETF Halal?

Shariah Compliance Analysis of RND ETF

No. As of October 2026, First Trust Bloomberg R&D Leaders ETF (RND) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

RND was created on 2024-04-30 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 4.61m in AUM and 51 holdings. RND tracks a market cap-weighted index of 30-50 US stocks with substantial expenditures dedicated to research and development.

RND Shariah Compliance

As of October 2026, First Trust Bloomberg R&D Leaders ETF is classified as not halal.

NOT HALAL

First Trust Bloomberg R&D Leaders ETF (RND) Chart

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