QTEC: Is First Trust NASDAQ-100-Technology Sector Index Fund Halal?
First Trust NASDAQ-100-Technology Sector Index Fund
$336.34
Market Cap: 3.2B
Compliance Status
Not Halal
Screened on Sep 29, 2026 · AAOIFI Standard 21 look-through
Non-Compliant
Is First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) halal? Not Halal. Looking through its holdings under AAOIFI Standard 21, First Trust NASDAQ-100-Technology Sector Index Fund has 5% or more of its basket by weight in non-compliant holdings with a compliance score of 0/100 (Grade: F).
Quote this verdict
HalalScreener rates First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) Not Halal, 0/100, grade F under AAOIFI Standard 21 look-through, screened Sep 29, 2026. Source: https://halalscreener.app/en/stock/QTEC
Basket rule
Over the limitAn ETF is halal when non-compliant holdings stay under 5% of the basket by weight.
93% of the basket's holdings were screened individually.
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About First Trust NASDAQ-100-Technology Sector Index Fund
The First Trust NASDAQ-100-Technology Sector Index Fund is an exchange-traded fund (ETF) that follows a specific market index. Its main purpose is to mirror as precisely as possible the financial outcomes, both in terms of asset value changes and income generated, of the Nasdaq-100 Technology Sector Index, prior to accounting for any associated expenses or fees.
Sector: Financial Services · Industry: Asset Management - Global
Shariah Compliance Status
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why QTEC is rated Not Halal with institutional-grade analysis
Business Activity Screen
FailedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
- Basket-weighted haram holdings exceed 5% (13.6%)
Basket Composition
93% of basket screenedETFs 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.
Top Holdings
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
Compliance History
Not Halalnow
since Sep 2026
Under Review
until the change above
Not Halal
before we began tracking
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Financial Services
This fund 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 NASDAQ-100-Technology Sector Index Fund (QTEC) halal to invest in?
Why did First Trust NASDAQ-100-Technology Sector Index Fund get a F compliance rating?
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Screened by holdings look-through under 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. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using 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.