Is First Trust WCM Developing World Equity ETF halal to invest in?

As of September 2026, First Trust WCM Developing World Equity ETF WCME 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 WCM Developing World Equity 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 WCM Developing World Equity ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for First Trust WCM Developing World Equity ETF updated?

The Shariah compliance status of First Trust WCM Developing World Equity 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 WCM Developing World Equity 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 WCM Developing World Equity ETF?

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

First Trust WCM Developing World Equity ETF WCME

WCME Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, First Trust WCM Developing World Equity ETF is classified as not halal.

NOT HALAL

Is First Trust WCM Developing World Equity ETF Halal?

Shariah Compliance Analysis of WCME ETF

US Equity Total Market

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

WCME was created on 2024-10-07 by First Trust. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 16.69m in AUM and 34 holdings. WCME is actively managed to select equity securities of industry leading companies in emerging or frontier markets. Companies selected are considered to have positive fundamentals and may be of any market capitalization. The fund will hold stock or depositary receipts to obtain exposure.

First Trust WCM Developing World Equity ETF (WCME) Chart

Key Statistics of First Trust WCM Developing World Equity ETF (WCME)

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FAQ's for First Trust WCM Developing World Equity ETF (WCME)

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