Is First Trust Bloomberg R&D Leaders ETF halal to invest in?

As of September 2026, First Trust Bloomberg R&D Leaders ETF RND 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 Bloomberg R&D Leaders 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 Bloomberg R&D Leaders ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Bloomberg R&D Leaders ETF updated?

The Shariah compliance status of First Trust Bloomberg R&D Leaders 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 Bloomberg R&D Leaders 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 Bloomberg R&D Leaders ETF?

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

First Trust Bloomberg R&D Leaders ETF RND

RND Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is First Trust Bloomberg R&D Leaders ETF Halal?

Shariah Compliance Analysis of RND ETF

US Equity Total Market

No. As of September 2026, First Trust Bloomberg R&D Leaders ETF (RND) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Bloomberg R&D Leaders ETF does not pass Musaffa's business and financial screening criteria.

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.

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

Key Statistics of First Trust Bloomberg R&D Leaders ETF (RND)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for First Trust Bloomberg R&D Leaders ETF (RND)

As of September 2026, First Trust Bloomberg R&D Leaders ETF RND 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 Bloomberg R&D Leaders ETF using these criteria to determine its compliance status.
The Shariah compliance status of First Trust Bloomberg R&D Leaders 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 Bloomberg R&D Leaders ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.