Is First Trust Smith Unconstrained Bond ETF halal to invest in?

As of September 2026, First Trust Smith Unconstrained Bond ETF UCON 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 Smith Unconstrained Bond 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 Smith Unconstrained Bond ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust Smith Unconstrained Bond ETF updated?

The Shariah compliance status of First Trust Smith Unconstrained Bond 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 Smith Unconstrained Bond 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 Smith Unconstrained Bond ETF?

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

First Trust Smith Unconstrained Bond ETF UCON

UCON Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust Smith Unconstrained Bond ETF is classified as not halal.

NOT HALAL

Is First Trust Smith Unconstrained Bond ETF Halal?

Shariah Compliance Analysis of UCON ETF

US Fixed Income Broad Credit

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

UCON was created on 2018-06-04 by First Trust. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 3159.94m in AUM and 414 holdings. UCON is an actively managed fund, which broadly invests in various fixed income securities of almost any sector, maturity, or credit quality.

First Trust Smith Unconstrained Bond ETF (UCON) Chart

Key Statistics of First Trust Smith Unconstrained Bond ETF (UCON)

Today's Open

AUM

Avg. Volume

Expense Ratio

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Real Estate
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FAQ's for First Trust Smith Unconstrained Bond ETF (UCON)

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