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First Trust NASDAQ-100-Technology Sector Index Fund

QTEC

First Trust

First Trust NASDAQ-100-Technology Sector Index Fund (QTEC) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.95%. 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: 99.95%
  • Halal 77.10%
  • Doubtful 10.74%
  • Not halal 12.12%
  • Not rated 0.05%

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
0.55%
AUM
4.23B USD
Holdings
47 (47 screened)
Basket as of (provider)
27 Oct 2026
Basket fetched by Akinda
27 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

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal77.10%12.12%
DJIMNot halal78.89%10.32%
FTSENot halal56.32%37.16%
MSCINot halal56.32%37.16%
S&PNot halal78.89%10.32%

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

1–47 of 47 holdings, largest first · basket as of 27 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
DDOGDatadog, Inc. (Class A)
2.65%Not halalNot halalNot halalNot halalNot halal
2
TXNTexas Instruments Incorporated
2.56%HalalHalalNot halalNot halalHalal
3
SHOPShopify Inc. (Class A)
2.56%HalalHalalNot halalNot halalHalal
4
TRIThomson Reuters Corporation
2.55%HalalHalalHalalHalalHalal
5
CRWDCrowdStrike Holdings, Inc. (Class A)
2.54%HalalHalalNot halalNot halalHalal
6
AMDAdvanced Micro Devices, Inc.
2.53%HalalHalalHalalHalalHalal
7
ADIAnalog Devices, Inc.
2.52%HalalHalalHalalHalalHalal
8
MRVLMarvell Technology, Inc.
2.47%Not halalNot halalNot halalNot halalNot halal
9
METAMeta Platforms, Inc. (Class A)
2.47%HalalHalalHalalHalalHalal
10
NXPINXP Semiconductors N.V.
2.45%HalalHalalNot halalNot halalHalal
11
AAPLApple Inc.
2.43%HalalHalalHalalHalalHalal
12
FTNTFortinet, Inc.
2.40%HalalHalalNot halalNot halalHalal
13
PLTRPalantir Technologies Inc. (Class A)
2.39%DoubtfulNot ratedNot halalNot halalNot rated
14
WDAYWorkday, Inc. (Class A)
2.36%HalalHalalHalalHalalHalal
15
QCOMQUALCOMM Incorporated
2.36%HalalHalalHalalHalalHalal
16
MSTRStrategy Incorporated (Class A)
2.36%HalalHalalHalalHalalHalal
17
MSFTMicrosoft Corporation
2.35%HalalHalalHalalHalalHalal
18
ROPRoper Technologies, Inc.
2.33%HalalHalalHalalHalalHalal
19
SNPSSynopsys, Inc.
2.31%HalalHalalHalalHalalHalal
20
MCHPMicrochip Technology Incorporated
2.31%HalalHalalNot halalNot halalHalal
21
PANWPalo Alto Networks, Inc.
2.29%HalalHalalHalalHalalHalal
22
INTCIntel Corporation
2.26%DoubtfulNot ratedNot ratedNot ratedNot rated
23
NVDANVIDIA Corporation
2.19%HalalHalalHalalHalalHalal
24
ADSKAutodesk, Inc.
2.16%HalalHalalHalalHalalHalal
25
CDNSCadence Design Systems, Inc.
2.13%HalalHalalHalalHalalHalal
26
INTUIntuit Inc.
2.12%DoubtfulNot ratedNot ratedNot ratedNot rated
27
MUMicron Technology, Inc.
2.11%HalalHalalHalalHalalHalal
28
ASMLASML Holding N.V. (New York Registry Shares)
2.10%HalalHalalHalalHalalHalal
29
PDDPDD Holdings Inc. (ADR)
2.08%Not halalNot halalNot halalNot halalNot halal
30
ARMArm Holdings Plc
2.07%HalalHalalNot halalNot halalHalal
31
MPWRMonolithic Power Systems, Inc.
2.06%HalalHalalHalalHalalHalal
32
AVGOBroadcom Inc.
1.99%HalalHalalNot halalNot halalHalal
33
ADBEAdobe Incorporated
1.98%HalalHalalHalalHalalHalal
34
TERTeradyne, Inc.
1.98%HalalHalalHalalHalalHalal
35
ALABAstera Labs, Inc.
1.96%HalalHalalNot halalNot halalHalal
36
KLACKLA Corporation
1.90%HalalHalalHalalHalalHalal
37
AMATApplied Materials, Inc.
1.89%HalalHalalHalalHalalHalal
38
APPApplovin Corp. (Class A)
1.87%DoubtfulNot ratedNot halalNot halalNot rated
39
SNDKSandisk Corporation
1.79%Not halalHalalHalalHalalHalal
40
WDCWestern Digital Corporation
1.77%HalalHalalHalalHalalHalal
41
LRCXLam Research Corporation
1.76%HalalHalalHalalHalalHalal
42
STXSeagate Technology Holdings Plc
1.74%HalalHalalNot halalNot halalHalal
43
NBISNebius Group N.V.
1.66%Not halalNot halalNot halalNot halalNot halal
44
DASHDoorDash, Inc. (Class A)
1.63%HalalHalalHalalHalalHalal
45
CRWVCoreWeave, Inc. (Class A)
1.46%Not halalNot halalNot halalNot halalNot halal
46
GOOGAlphabet Inc. (Class C)
1.05%DoubtfulNot ratedNot ratedNot ratedNot rated
47
GOOGLAlphabet Inc. (Class A)
1.05%DoubtfulNot ratedNot ratedNot ratedNot rated

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

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