What is First Trust Water ETF's Shariah compliance score?

First Trust Water ETF's (FIW) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does First Trust Water ETF pass AAOIFI screening?

First Trust Water ETF (FIW) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (FIW: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for First Trust Water ETF stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for First Trust Water ETF (FIW) using the latest financial data.

Where can I screen First Trust Water ETF for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for First Trust Water ETF (FIW) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FIW's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FIW: Is First Trust Water ETF Halal?

First Trust Water ETF

AMEXFinancial ServicesUS

$112.12

+0.11%

Market Cap: 1.9B

Compliance Status

Not Halal

Screened on Aug 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is First Trust Water ETF (FIW) halal? Not Halal. Based on AAOIFI screening, First Trust Water ETF has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

20.1% of 5.0% limit

91% of the basket's holdings were screened individually.

About First Trust Water ETF

The First Trust Water ETF functions as an exchange-traded fund whose primary goal is to mirror the financial performance, in terms of both its market price and dividends generated, of the ISE Clean Edge Water Index. This objective is measured prior to the subtraction of any administrative charges or operating costs.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 15, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (20.1%)

Basket Composition

91% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

69%

20%

Halal69%

Doubtful5%

Not Halal20%

Unknown6%

Top Holdings

ROPRoper Technologies IncHalal4.45%AWKAmerican Water Works Company, Inc.Not Halal4.40%AAgilent Technologies Inc.Halal4.13%WATWaters CorporationHalal4.10%XYLXylem, Inc.Halal4.06%VLTOVeralto Corp.Halal3.99%Ferguson Enterprises IncUnknown3.94%PNRPentair PLCHalal3.86%ECLEcolab Inc.Halal3.80%IDXXIDEXX Laboratories Inc.Halal3.76%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$401.48

+0.17%

SLVA+

iShares Silver Trust

$58.48

+0.47%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

AXINA+

Axiom Intelligence Acquisition Corp 1

$10.28

+0.10%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

Visa Inc.

Mastercard Incorporated

A+

PYPL

PayPal Holdings, Inc.

C+

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is First Trust Water ETF (FIW) halal to invest in?

First Trust Water ETF (FIW) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did First Trust Water ETF get a F compliance rating?

First Trust Water ETF's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change First Trust Water ETF's Shariah verdict?

First Trust Water ETF's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is First Trust Water ETF re-screened for Shariah compliance?

First Trust Water ETF (FIW) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 15, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.