First Trust Mortgage Income Fund FMY
$11.70
Last Updated: Aug 21, 12:00 AM·NYSE
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FMY Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, First Trust Mortgage Income Fund is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
First Trust Mortgage Income Fund. Stock Analysis FMY
United States N/A Nano Cap First Trust Mortgage Income Fund is a US-based company operating in industry. The company is headquartered in Wheaton, Illinois. The company went IPO on 2005-05-26. First Trust Mortgage Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. The Fund pursues its objectives by investing primarily in mortgage-backed securities (MBS) representing part ownership in a pool of either residential or commercial mortgage loans that, in the opinion of the Fund’s investment advisor, offer an attractive combination of credit quality, yield and maturity. The company invests in mortgage-backed securities, United States Government Agency Mortgage-Backed Securities, Asset-Backed Securities, and Money Market Funds. There can be no assurance the Fund will achieve its investment objectives. The Fund may not be appropriate for all investors. The Fund's investment advisor is First Trust Advisors L.P.
First Trust Mortgage Income Fund (FMY) Chart
Financial Metrics & Statements of First Trust Mortgage Income Fund (FMY)
FAQ's for First Trust Mortgage Income Fund (FMY)
- As of August 2026, First Trust Mortgage Income Fund FMY 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.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes First Trust Mortgage Income Fund using these criteria to determine its compliance status.
- Muslim investors may consider investing in First Trust Mortgage Income Fund if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of First Trust Mortgage Income Fund by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of First Trust Mortgage Income Fund may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of First Trust Mortgage Income Fund on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for First Trust Mortgage Income Fund (FMY)
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