Does First Trust High Yield Opportunities 2027 Term Fund pass AAOIFI screening?

First Trust High Yield Opportunities 2027 Term Fund (FTHY) 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% (FTHY: 0.0%), (3) interest-bearing deposits below 30% (FTHY: 0.0%), and (4) prohibited income below 5% (FTHY: 100.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for First Trust High Yield Opportunities 2027 Term Fund stock?

First Trust High Yield Opportunities 2027 Term Fund (FTHY) has a non-permissible income ratio of 100.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from FTHY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen First Trust High Yield Opportunities 2027 Term Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for First Trust High Yield Opportunities 2027 Term Fund (FTHY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about FTHY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

FTHY: Is First Trust High Yield Opportunities 2027 Term Fund Halal?

First Trust High Yield Opportunities 2027 Term Fund

NYSEFinancial ServicesUS

$13.44

+0.45%

Market Cap: 494.2M

Compliance Status

Not Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is First Trust High Yield Opportunities 2027 Term Fund (FTHY) halal? Not Halal. Based on AAOIFI screening, First Trust High Yield Opportunities 2027 Term 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.

127.8% of 5.0% limit

100% of the basket's holdings were screened individually.

About First Trust High Yield Opportunities 2027 Term Fund

The First Trust High Yield Opportunities 2027 Term Fund operates as a diversified, closed-end investment vehicle. Its primary objective is the generation of current income. Established on June 25, 2020, the fund maintains its principal office in Wheaton, Illinois.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 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% (127.8%)

Basket Composition

100% 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.

128%

Halal0%

Doubtful0%

Not Halal128%

Unknown0%

Top Holdings

1011778 B.C. ULCNot Halal2.58%Lightning Power LLCNot Halal2.18%BLDRBuilders Firstsource, Inc.Not Halal1.82%X Corp (f/k/a Twitter Inc)Not Halal1.79%OneDigital Borrower LLCNot Halal1.77%Truist Insurance Holdings LLC & Panther Co-Issuer Inc.Not Halal1.70%BWINBALDWIN INSURANCE GROUP HOLDINGS LLC (THE)Not Halal1.62%United Rentals (North America), Inc.Not Halal1.53%Ardonagh Finco Ltd.Not Halal1.45%QXOQXO INCNot Halal1.45%

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:

GLDA+

SPDR Gold Shares

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+0.17%

SLVA+

iShares Silver Trust

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+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

ABA+

AllianceBernstein Holding L.P.

$36.03

-1.13%

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A+

PYPL

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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 High Yield Opportunities 2027 Term Fund (FTHY) halal to invest in?

First Trust High Yield Opportunities 2027 Term Fund (FTHY) 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 High Yield Opportunities 2027 Term Fund get a F compliance rating?

First Trust High Yield Opportunities 2027 Term 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 High Yield Opportunities 2027 Term Fund's Shariah verdict?

First Trust High Yield Opportunities 2027 Term 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 High Yield Opportunities 2027 Term Fund re-screened for Shariah compliance?

First Trust High Yield Opportunities 2027 Term Fund (FTHY) 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 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.