Does First Trust Intermediate Duration Preferred & Income Fund pass AAOIFI screening?

First Trust Intermediate Duration Preferred & Income Fund (FPF) 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% (FPF: 0.0%), (3) interest-bearing deposits below 30% (FPF: 0.0%), and (4) prohibited income below 5% (FPF: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for First Trust Intermediate Duration Preferred & Income Fund stock?

First Trust Intermediate Duration Preferred & Income Fund (FPF) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from FPF shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

FPF: Is First Trust Intermediate Duration Preferred & Income Fund Halal?

First Trust Intermediate Duration Preferred & Income Fund

NYSEFinancial ServicesUS

$17.92

+0.45%

Market Cap: 1.1B

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is First Trust Intermediate Duration Preferred & Income Fund (FPF) halal? Not Halal. Based on AAOIFI screening, First Trust Intermediate Duration Preferred & Income Fund 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.

134.9% of 5.0% limit

83% of the basket's holdings were screened individually.

About First Trust Intermediate Duration Preferred & Income Fund

The First Trust Intermediate Duration Preferred & Income Fund (FPF) functions as a closed-end mutual fund, primarily managed by First Trust Advisors L.P., with Stonebridge Advisors, LLC also contributing to its management. This fund strategically allocates capital within the fixed-income markets. A notable aspect of its investment approach is the inclusion of below-investment-grade instruments, commonly known as high-yield or "junk" securities. Established on May 23, 2013, the FPF is legally domiciled within the United States.

Sector: Financial Services · Industry: Asset Management - Income

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 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% (134.9%)

Basket Composition

83% 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.

135%

Halal1%

Doubtful1%

Not Halal135%

Unknown0%

Top Holdings

BACBANK OF AMERICA CORPNot Halal4.11%BCSBARCLAYS PLCNot Halal3.02%LAND O'LAKES INCNot Halal2.78%WFCWELLS FARGO & COMPANYNot Halal2.70%SANBANCO SANTANDER SANot Halal2.49%HIGHARTFORD INSURANCE GROUP INC (THE)Not Halal2.38%NEXTERA ENERGY CAPITAL HOLDINGS INCUnknown2.16%BNP PARIBAS SANot Halal2.08%CREDIT AGRICOLE SANot Halal2.05%GSGOLDMAN SACHS GROUP INC (THE)Not Halal2.01%

Compliance History

Not Halalnow
since Jun 2026
Under Review
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

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:

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Frequently Asked Questions

Is First Trust Intermediate Duration Preferred & Income Fund (FPF) halal to invest in?

First Trust Intermediate Duration Preferred & Income Fund (FPF) 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 Intermediate Duration Preferred & Income Fund get a F compliance rating?

First Trust Intermediate Duration Preferred & Income Fund'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 Intermediate Duration Preferred & Income Fund's Shariah verdict?

First Trust Intermediate Duration Preferred & Income Fund'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 Intermediate Duration Preferred & Income Fund re-screened for Shariah compliance?

First Trust Intermediate Duration Preferred & Income Fund (FPF) 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: Jul 14, 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.