First Trust NASDAQ Clean Edge Green Energy Index Fund

QCLN

First Trust

First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.83%. 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: 99.83%

Halal 67.47%
Doubtful 2.77%
Not halal 29.59%
Not rated 0.17%

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: 0.59%
AUM: 473.28M USD
Holdings: 57 (57 screened)
Basket as of (provider): 25 Oct 2026
Basket fetched by Akinda: 26 Oct 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

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	67.47%	29.59%
DJIM	Not halal	66.44%	30.62%
FTSE	Not halal	53.83%	43.69%
MSCI	Not halal	54.48%	43.04%
S&P	Not halal	68.87%	21.86%

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

1–50 of 57 holdings, largest first · basket as of 25 Oct 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	TSLATesla, Inc.	9.27%	Halal	Halal	Halal	Halal	Halal
2	ONON Semiconductor Corporation	8.94%	Halal	Halal	Halal	Halal	Halal
3	BEBloom Energy Corporation (Class A)	8.59%	Halal	Halal	Not halal	Not halal	Halal
4	MPWRMonolithic Power Systems, Inc.	8.24%	Halal	Halal	Halal	Halal	Halal
5	RIVNRivian Automotive, Inc. (Class A)	6.10%	Not halal	Not halal	Not halal	Not halal	Not rated
6	NXTNextpower Inc. (Class A)	4.41%	Halal	Halal	Halal	Halal	Halal
7	FSLRFirst Solar, Inc.	3.90%	Halal	Halal	Halal	Halal	Halal
8	ENLTEnlight Renewable Energy Ltd.	3.69%	Not halal	Not halal	Not halal	Not halal	Not halal
9	AYIAcuity Inc.	3.68%	Halal	Halal	Halal	Halal	Halal
10	AEISAdvanced Energy Industries, Inc.	3.35%	Halal	Halal	Halal	Halal	Halal
11	BEPBrookfield Renewable Partners LP	3.30%	Not halal	Not halal	Not halal	Not halal	Not halal
12	ALBAlbemarle Corporation	3.18%	Halal	Halal	Halal	Halal	Halal
13	MPMP Materials Corp.	2.63%	Not halal	Not halal	Not halal	Not halal	Not halal
14	VICRVicor Corporation	2.34%	Halal	Halal	Not halal	Not halal	Halal
15	ENSEnerSys	2.31%	Doubtful	Not rated	Not rated	Not rated	Not rated
16	ALGMAllegro Microsystems, Inc.	2.26%	Halal	Halal	Halal	Halal	Halal
17	ORAOrmat Technologies, Inc.	2.07%	Not halal	Not halal	Not halal	Not halal	Not halal
18	HASIHA Sustainable Infrastructure Capital, Inc.	1.80%	Not halal	Not halal	Not halal	Not halal	Not halal
19	ENPHEnphase Energy, Inc.	1.61%	Halal	Halal	Not halal	Not halal	Halal
20	OLEDUniversal Display Corporation	1.54%	Not halal	Not halal	Not halal	Not halal	Not halal
21	ITRIItron, Inc.	1.48%	Halal	Halal	Not halal	Not halal	Halal
22	CWENClearway Energy, Inc. (Class C)	1.45%	Not halal	Not halal	Not halal	Not halal	Not halal
23	SQMSociedad Quimica y Minera de Chile S.A. (ADR)	1.05%	Not halal	Not halal	Halal	Halal	Halal
24	MWHSOLV Energy, Inc. (Class A)	1.02%	Not halal	Not halal	Not halal	Not halal	Not halal
25	POWIPower Integrations, Inc.	1.01%	Halal	Halal	Halal	Halal	Halal
26	NVTSNavitas Semiconductor Corp. (Class A)	0.84%	Halal	Halal	Not halal	Not halal	Halal
27	SEDGSolarEdge Technologies, Inc.	0.79%	Halal	Not halal	Halal	Halal	Halal
28	PLUGPlug Power Inc.	0.74%	Halal	Halal	Halal	Halal	Halal
29	RUNSunrun Inc.	0.70%	Not halal	Not halal	Not halal	Not halal	Not halal
30	RNWRenew Energy Global Plc (Class A)	0.65%	Not halal	Not halal	Not halal	Not halal	Not halal
31	LCIDLucid Group, Inc. (Class A)	0.54%	Not halal	Not halal	Not halal	Not halal	Not halal
32	SHLSShoals Technologies Group, Inc. (Class A)	0.49%	Halal	Halal	Halal	Halal	Halal
33	AMSCAmerican Superconductor Corporation	0.47%	Halal	Halal	Halal	Halal	Halal
34	WOLFWolfspeed, Inc.	0.47%	Not halal	Not halal	Not halal	Not halal	Not halal
35	AMPXAmprius Technologies, Inc.	0.46%	Doubtful	Not rated	Not halal	Not halal	Not rated
36	WLDNWilldan Group, Inc.	0.43%	Halal	Halal	Halal	Halal	Halal
37	XIFRXPLR Infrastructure LP	0.34%	Not halal	Not halal	Halal	Halal	Not halal
38	FCELFuelCell Energy, Inc.	0.34%	Not halal	Not halal	Not halal	Halal	Halal
39	SGMLSigma Lithium Corporation	0.34%	Halal	Halal	Not halal	Not halal	Halal
40	FLNCFluence Energy, Inc. (Class A)	0.31%	Halal	Halal	Not halal	Halal	Halal
41	LYTSLSI Industries Inc.	0.29%	Not halal	Not halal	Halal	Halal	Not halal
42	TET1 Energy Inc.	0.26%	Not halal	Not halal	Halal	Halal	Not halal
43	AMRCAmeresco, Inc. (Class A)	0.25%	Not halal	Not halal	Not halal	Not halal	Not halal
44	EOSEEos Energy Enterprises, Inc.	0.24%	Not halal	Not halal	Not halal	Not halal	Not halal
45	ENVXEnovix Corporation	0.24%	Not halal	Not halal	Not halal	Not halal	Not rated
46	ARRYArray Technologies, Inc.	0.19%	Not halal	Not halal	Not halal	Not halal	Not halal
47	NRGVEnergy Vault Holdings, Inc.	0.18%	Halal	Halal	Halal	Halal	Halal
48	ASPNAspen Aerogels, Inc.	0.18%	Halal	Halal	Not halal	Not halal	Halal
49	BLDPBallard Power Systems Inc.	0.17%	Not halal	Not halal	Not halal	Not halal	Not halal
50	CLNEClean Energy Fuels Corp.	0.12%	Halal	Not halal	Halal	Halal	Halal

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

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