Is First Trust Cloud Computing ETF halal to invest in?

As of September 2026, First Trust Cloud Computing ETF SKYY 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 Cloud Computing 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 Cloud Computing ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Cloud Computing ETF updated?

The Shariah compliance status of First Trust Cloud Computing 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 Cloud Computing 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 Cloud Computing ETF?

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

First Trust Cloud Computing ETF SKYY

SKYY Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Cloud Computing ETF is classified as not halal.

NOT HALAL

Is First Trust Cloud Computing ETF Halal?

Shariah Compliance Analysis of SKYY ETF

US Equity Information Technology

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

SKYY was created on 2011-07-05 by First Trust. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 3063.6m in AUM and 65 holdings. SKYY tracks an index of companies involved in the cloud computing industry. Stocks are modified-equally-weighted capped at 4.5%.

First Trust Cloud Computing ETF (SKYY) Chart

Key Statistics of First Trust Cloud Computing ETF (SKYY)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
84.73%
Communication Services
7.24%
Consumer Discretionary
3.69%
Other
1.54%
Industrials
1.40%
Health Care
0.78%
Financials
0.62%

FAQ's for First Trust Cloud Computing ETF (SKYY)

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