First Trust Large Cap Growth Al (FTC) - Questionable
First Trust Large Cap Growth Al (FTC) is classified as Questionable according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- ETF
- Industry
- Exchange-Traded Fund
- Result
- Doubtful
- Reason
- FTC is an ETF. Individual stock screening does not apply to ETFs — review the fund's underlying holdings for Shariah compliance.
Financial Ratios
About First Trust Large Cap Growth Al
The fund will normally invest at least 90% of its net assets (including investment borrowings) in the securities that comprise the index. The index is designed to select growth stocks from the NASDAQ US 500 Large Cap Index TM (the "base index") that may generate positive alpha, or risk-adjusted returns, relative to traditional indices through the use of the AlphaDEX® selection methodology.
Frequently Asked Questions
Is First Trust Large Cap Growth Al (FTC) stock halal to invest in?
According to AAOIFI Shariah screening standards, First Trust Large Cap Growth Al (FTC) is currently classified as Questionable. This is based on both business activity and financial ratio screening.
Does First Trust Large Cap Growth Al have any interest income?
Interest income data for First Trust Large Cap Growth Al is factored into the financial ratio screening under AAOIFI standards.
What guidelines are used to determine if FTC stock is Shariah-compliant?
FTC is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is First Trust Large Cap Growth Al stock reviewed for Shariah compliance?
First Trust Large Cap Growth Al's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.