First Trust Developed International Equity Select ETF RNDM
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RNDM Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, First Trust Developed International Equity Select ETF is classified as not halal.
NOT HALAL
Is First Trust Developed International Equity Select ETF Halal?
Shariah Compliance Analysis of RNDM ETF
US Equity Total Market No. As of September 2026, First Trust Developed International Equity Select ETF (RNDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. First Trust Developed International Equity Select ETF does not pass Musaffa's business and financial screening criteria.
RNDM was created on 2017-06-20 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 19.84m in AUM and 430 holdings. RNDM tracks an index of developed international ex-US equities, selected for low volatility and weighted according to a tiered methodology: first market-cap followed by modified equal weights.
First Trust Developed International Equity Select ETF (RNDM) Chart
Key Statistics of First Trust Developed International Equity Select ETF (RNDM)
Today's Open
-AUM
-Avg. Volume
-Expense Ratio
-P/E Ratio
-P/B Ratio
-Sector Exposure
- Financials20.86%
- Industrials18.95%
- Health Care12.72%
- Consumer Discretionary8.86%
- Consumer Staples8.71%
- Information Technology6.51%
- Materials6.21%
- Communication Services5.36%
- Real Estate3.91%
- Utilities3.68%
- Energy2.63%
- Other1.60%
FAQ's for First Trust Developed International Equity Select ETF (RNDM)
- As of September 2026, First Trust Developed International Equity Select ETF RNDM 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 Developed International Equity Select ETF using these criteria to determine its compliance status.
- The Shariah compliance status of First Trust Developed International Equity Select 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 Developed International Equity Select ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.