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First Trust Water ETF

FIW

First Trust

First Trust Water ETF (FIW) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.86%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 99.86%
  • Halal 78.02%
  • Doubtful 7.55%
  • Not halal 14.28%
  • Not rated 0.14%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer
First Trust
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.50%
AUM
1.89B USD
Holdings
36 (36 screened)
Basket as of (provider)
1 Nov 2026
Basket fetched by Akinda
2 Nov 2026
Verdict updated
3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal78.02%14.28%
DJIMNot halal78.02%14.28%
FTSENot halal52.66%39.65%
MSCINot halal52.66%39.65%
S&PNot halal79.20%13.10%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–36 of 36 holdings, largest first · basket as of 1 Nov 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
AAgilent Technologies, Inc.
4.45%HalalHalalHalalHalalHalal
2
VLTOVeralto Corporation
4.40%HalalHalalNot halalNot halalHalal
3
WATWaters Corporation
4.36%HalalHalalHalalHalalHalal
4
ROPRoper Technologies, Inc.
4.29%HalalHalalHalalHalalHalal
5
ECLEcolab Inc.
4.18%HalalHalalNot halalNot halalHalal
6
FERGFerguson Enterprises Inc.
4.15%HalalHalalHalalHalalHalal
7
AWKAmerican Water Works Company, Inc.
4.08%Not halalNot halalNot halalNot halalNot halal
8
JJacobs Solutions Inc.
4.05%DoubtfulNot ratedNot ratedNot ratedNot rated
9
IDXXIDEXX Laboratories, Inc.
3.87%HalalHalalHalalHalalHalal
10
MASMasco Corporation
3.82%HalalHalalNot halalNot halalHalal
11
BSYBentley Systems, Inc. (Class B)
3.80%HalalHalalNot halalNot halalHalal
12
IEXIDEX Corporation
3.50%DoubtfulNot ratedNot ratedNot ratedNot rated
13
WMSAdvanced Drainage Systems, Inc.
3.41%HalalHalalNot halalNot halalHalal
14
XYLXylem Inc.
3.28%HalalHalalHalalHalalHalal
15
PNRPentair plc
3.21%HalalHalalHalalHalalHalal
16
TTEKTetra Tech, Inc.
3.13%HalalHalalHalalHalalHalal
17
MLIMueller Industries, Inc.
2.99%HalalHalalNot halalNot halalHalal
18
WTSWatts Water Technologies, Inc.
2.78%HalalHalalHalalHalalHalal
19
ACMAECOM
2.75%HalalHalalHalalHalalHalal
20
VMIValmont Industries, Inc.
2.63%HalalHalalHalalHalalHalal
21
BMIBadger Meter, Inc.
2.14%HalalHalalHalalHalalHalal
22
AOSA.O. Smith Corporation
2.08%HalalHalalHalalHalalHalal
23
CNMCore & Main, Inc. (Class A)
2.01%HalalHalalNot halalNot halalHalal
24
FBINFortune Brands Innovations Inc.
1.97%Not halalNot halalNot halalNot halalNot halal
25
STNStantec Inc.
1.94%HalalHalalHalalHalalHalal
26
ITRIItron, Inc.
1.93%HalalHalalNot halalNot halalHalal
27
AQNAlgonquin Power & Utilities Corp.
1.88%Not halalNot halalNot halalNot halalNot halal
28
FELEFranklin Electric Co., Inc.
1.86%HalalHalalHalalHalalHalal
29
ZWSZurn Elkay Water Solutions Corp.
1.83%HalalHalalHalalHalalHalal
30
PRMBPrimo Brands Corporation (Class A)
1.69%Not halalNot halalNot halalNot halalNot halal
31
HWKNHawkins, Inc.
1.55%HalalHalalHalalHalalHalal
32
CWTCalifornia Water Service Group
1.19%Not halalNot halalHalalHalalNot halal
33
AWRAmerican States Water Company
1.18%Not halalNot halalNot halalNot halalHalal
34
MWAMueller Water Products, Inc.
1.15%HalalHalalHalalHalalHalal
35
HTOH2O America
1.15%Not halalNot halalNot halalNot halalNot halal
36
SBSCia. de Saneamento Basico do Estado de Sao Paulo - SABESP (ADR)
1.14%Not halalNot halalNot halalNot halalNot halal

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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