EMLPETF / FundFirst Trust North American Energy Infrastructure Fund
Verdicts genuinely change. Free email alert the moment EMLP's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
First Trust North American Energy Infrastructure Fund ETF · First Trust Exchange-Traded Fund IV
57 holdings · as of 2026-07-31 (3.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 69.90% of portfolio weight is in non-compliant holdings, over the 5% threshold.
57 holdings, 50 matched (76% of weight). Portfolio as of 2026-07-31, filed 2026-09-24. Source: SEC Form N-PORT.
0.55% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (49 of 57 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
5.8% compliant 0.0% questionable 69.9% non-compliant 23.9% unscreened
All holdings (57)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ENTERPRISE PRODUCTS PARTNERS LP | UNSCREENED | 8.77% | no in-house ratios for this holding |
| ET ENERGY TRANSFER LP | NON_COMPLIANT | 7.71% | AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2% |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | UNSCREENED | 7.50% | no in-house ratios for this holding |
| MPLX MPLX LP | NON_COMPLIANT | 4.26% | AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7% |
| PLAINS GP HOLDINGS LP | UNSCREENED | 4.24% | no in-house ratios for this holding |
| NFG NATIONAL FUEL GAS COMPANY | NON_COMPLIANT | 3.91% | AAOIFI44.7% Usmani34.1% Dow Jones Islamic50.5% S&P Shariah57.4% MSCI Islamic34.1% MSCI Islamic M-Series57.4% FTSE Shariah34.1% |
| KMI KINDER MORGAN INC | NON_COMPLIANT | 3.67% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| SO SOUTHERN COMPANY (THE) | NON_COMPLIANT | 2.66% | AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8% |
| PPL PPL CORP | NON_COMPLIANT | 2.60% | AAOIFI77.2% Usmani43.2% Dow Jones Islamic78.6% S&P Shariah86.6% MSCI Islamic43.2% MSCI Islamic M-Series86.6% FTSE Shariah43.2% |
| OKE ONEOK INC | NON_COMPLIANT | 2.25% | AAOIFI52.4% Usmani46.0% Dow Jones Islamic62.1% S&P Shariah68.1% MSCI Islamic46.0% MSCI Islamic M-Series68.1% FTSE Shariah46.0% |
| OGS ONE GAS INC | NON_COMPLIANT | 2.18% | AAOIFI51.6% Usmani29.4% Dow Jones Islamic57.7% S&P Shariah63.4% MSCI Islamic29.4% MSCI Islamic M-Series63.4% FTSE Shariah29.4% |
| ETR ENTERGY CORP | NON_COMPLIANT | 2.12% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| DUK DUKE ENERGY CORP | NON_COMPLIANT | 2.05% | AAOIFI95.1% Usmani45.3% Dow Jones Islamic98.9% S&P Shariah107.5% MSCI Islamic45.0% MSCI Islamic M-Series107.5% FTSE Shariah44.4% |
| SRE SEMPRA | NON_COMPLIANT | 1.86% | AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4% |
| LNG CHENIERE ENERGY INC | NON_COMPLIANT | 1.67% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| AEP AMERICAN ELECTRIC POWER COMPANY INC | NON_COMPLIANT | 1.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUN SUNOCO LP | NON_COMPLIANT | 1.63% | AAOIFI104.9% Usmani51.6% Dow Jones Islamic133.3% S&P Shariah140.0% MSCI Islamic49.6% MSCI Islamic M-Series140.0% FTSE Shariah44.5% |
| PEG PUBLIC SERVICE ENTERPRISE GROUP INC | NON_COMPLIANT | 1.55% | AAOIFI64.6% Usmani40.3% Dow Jones Islamic59.5% S&P Shariah64.4% MSCI Islamic40.3% MSCI Islamic M-Series64.4% FTSE Shariah40.1% |
| EVRG EVERGY INC | NON_COMPLIANT | 1.55% | AAOIFI72.2% Usmani39.7% Dow Jones Islamic84.2% S&P Shariah94.4% MSCI Islamic39.4% MSCI Islamic M-Series94.4% FTSE Shariah39.2% |
| FE FIRSTENERGY CORP | NON_COMPLIANT | 1.53% | AAOIFI101.8% Usmani48.1% Dow Jones Islamic111.3% S&P Shariah119.2% MSCI Islamic48.0% MSCI Islamic M-Series119.2% FTSE Shariah47.5% |
| CHENIERE ENERGY PARTNERS LP | UNSCREENED | 1.53% | no in-house ratios for this holding |
| OGE OGE ENERGY CORP | NON_COMPLIANT | 1.49% | AAOIFI55.4% Usmani37.1% Dow Jones Islamic61.2% S&P Shariah67.4% MSCI Islamic37.1% MSCI Islamic M-Series67.4% FTSE Shariah37.1% |
| XEL XCEL ENERGY INC | NON_COMPLIANT | 1.48% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| D DOMINION ENERGY INC | NON_COMPLIANT | 1.47% | AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7% |
| NEE NEXTERA ENERGY INC | NON_COMPLIANT | 1.47% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| CNP CENTERPOINT ENERGY INC | NON_COMPLIANT | 1.43% | AAOIFI86.5% Usmani47.1% Dow Jones Islamic92.6% S&P Shariah102.9% MSCI Islamic47.1% MSCI Islamic M-Series102.9% FTSE Shariah47.0% |
| WEC WEC ENERGY GROUP INC | NON_COMPLIANT | 1.41% | AAOIFI57.5% Usmani39.9% Dow Jones Islamic61.9% S&P Shariah68.5% MSCI Islamic39.1% MSCI Islamic M-Series68.5% FTSE Shariah39.1% |
| TTEK TETRA TECH INC | COMPLIANT | 1.35% | AAOIFI11.2% Usmani23.3% Dow Jones Islamic11.0% S&P Shariah10.9% MSCI Islamic23.3% MSCI Islamic M-Series10.9% FTSE Shariah18.3% |
| ACO-X.TO ATCO LTD | NON_COMPLIANT | 1.30% | AAOIFI162.8% Usmani48.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic47.8% MSCI Islamic M-Seriesfail FTSE Shariah47.8% |
| NJR NEW JERSEY RESOURCES CORP | NON_COMPLIANT | 1.26% | AAOIFI66.4% Usmani45.0% Dow Jones Islamic74.8% S&P Shariah80.1% MSCI Islamic44.8% MSCI Islamic M-Series80.1% FTSE Shariah42.6% |
| ATO ATMOS ENERGY CORP | NON_COMPLIANT | 1.21% | AAOIFI36.8% Usmani32.5% Dow Jones Islamic39.5% S&P Shariah44.7% MSCI Islamic32.5% MSCI Islamic M-Series44.7% FTSE Shariah32.5% |
| TRGP TARGA RESOURCES CORP | NON_COMPLIANT | 1.19% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| DTE DTE ENERGY COMPANY | NON_COMPLIANT | 1.16% | AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9% |
| CWEN CLEARWAY ENERGY INC | NON_COMPLIANT | 1.12% | AAOIFI151.8% Usmani59.0% Dow Jones Islamic159.3% S&P Shariah176.9% MSCI Islamic59.0% MSCI Islamic M-Series176.9% FTSE Shariah54.0% |
| VST VISTRA CORP | NON_COMPLIANT | 1.06% | AAOIFI39.4% Usmani46.0% Dow Jones Islamic36.7% S&P Shariah46.3% MSCI Islamic46.0% MSCI Islamic M-Series46.3% FTSE Shariah46.0% |
| J JACOBS SOLUTIONS INC | COMPLIANT | 1.06% | AAOIFI23.7% Usmani34.5% Dow Jones Islamic24.8% S&P Shariah24.5% MSCI Islamic34.5% MSCI Islamic M-Series24.5% FTSE Shariah30.5% |
| PWR QUANTA SERVICES INC | COMPLIANT | 1.00% | AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5% |
| AEE AMEREN CORP | NON_COMPLIANT | 0.97% | AAOIFI71.5% Usmani40.2% Dow Jones Islamic76.5% S&P Shariah85.2% MSCI Islamic40.2% MSCI Islamic M-Series85.2% FTSE Shariah40.2% |
| CMS CMS ENERGY CORP | NON_COMPLIANT | 0.94% | AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5% |
| IDA IDACORP INC | NON_COMPLIANT | 0.94% | AAOIFI43.9% Usmani33.8% Dow Jones Islamic52.0% S&P Shariah58.2% MSCI Islamic33.7% MSCI Islamic M-Series58.2% FTSE Shariah33.7% |
| LNT ALLIANT ENERGY CORP | NON_COMPLIANT | 0.93% | AAOIFI62.6% Usmani45.2% Dow Jones Islamic67.4% S&P Shariah74.1% MSCI Islamic44.4% MSCI Islamic M-Series74.1% FTSE Shariah44.4% |
| DTM DT MIDSTREAM INC | COMPLIANT | 0.93% | AAOIFI25.5% Usmani33.0% Dow Jones Islamic30.1% S&P Shariah36.3% MSCI Islamic33.0% MSCI Islamic M-Series36.3% FTSE Shariah32.6% |
| ALA.TO ALTAGAS LTD | NON_COMPLIANT | 0.88% | AAOIFI65.9% Usmani41.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic39.4% MSCI Islamic M-Seriesfail FTSE Shariah39.4% |
| UGI CORP | UNSCREENED | 0.81% | no in-house ratios for this holding |
| KEY.TO KEYERA CORP | NON_COMPLIANT | 0.77% | AAOIFI38.0% Usmani49.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.2% MSCI Islamic M-Seriesfail FTSE Shariah48.2% |
| GNRC GENERAC HOLDINGS INC | COMPLIANT | 0.62% | AAOIFI10.8% Usmani21.2% Dow Jones Islamic11.6% S&P Shariah12.8% MSCI Islamic21.0% MSCI Islamic M-Series12.8% FTSE Shariah21.0% |
| CHESAPEAKE UTILITIES CORP | UNSCREENED | 0.54% | no in-house ratios for this holding |
| WLKP WESTLAKE CHEMICAL PARTNERS LP | NON_COMPLIANT | 0.54% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CMI CUMMINS INC | COMPLIANT | 0.53% | AAOIFI9.7% Usmani21.0% Dow Jones Islamic12.1% S&P Shariah14.2% MSCI Islamic21.0% MSCI Islamic M-Series14.2% FTSE Shariah19.3% |
| ARCHROCK INC | UNSCREENED | 0.49% | no in-house ratios for this holding |
| WMB WILLIAMS COMPANIES INC (THE) | NON_COMPLIANT | 0.47% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| PCG PG&E CORP | NON_COMPLIANT | 0.45% | AAOIFI201.1% Usmani43.7% Dow Jones Islamic141.7% S&P Shariah142.1% MSCI Islamic43.7% MSCI Islamic M-Series142.1% FTSE Shariah43.3% |
| CEG CONSTELLATION ENERGY CORP | COMPLIANT | 0.34% | AAOIFI18.4% Usmani19.8% Dow Jones Islamic20.8% S&P Shariah24.7% MSCI Islamic19.8% MSCI Islamic M-Series24.7% FTSE Shariah19.8% |
| IBE.MC IBERDROLA SA | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUNC SUNOCOCORP LLC | NON_COMPLIANT | 0.29% | AAOIFI362.1% Usmani51.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic49.6% MSCI Islamic M-Series— FTSE Shariah44.5% |
| ENEL.MI ENEL SPA | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EXC EXELON CORP | NON_COMPLIANT | 0.21% | AAOIFI109.9% Usmani42.1% Dow Jones Islamic115.7% S&P Shariah124.5% MSCI Islamic42.1% MSCI Islamic M-Series124.5% FTSE Shariah42.1% |
The published standards disagree about this fund by 6 points of portfolio weight — 11.6% of it passes FTSE Shariah, 5.5% passes S&P Shariah. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 6.4% ratios fail on 69.4% 23.9% not rated under AAOIFI
ratios pass on 9.6% ratios fail on 66.1% 23.9% not rated under Usmani
ratios pass on 6.4% ratios fail on 69.1% 24.2% not rated under Dow Jones Islamic
ratios pass on 5.5% ratios fail on 70.0% 24.2% not rated under S&P Shariah
ratios pass on 10.6% ratios fail on 65.2% 23.9% not rated under MSCI Islamic
ratios pass on 5.5% ratios fail on 70.0% 24.2% not rated under MSCI Islamic M-Series
ratios pass on 11.6% ratios fail on 64.1% 23.9% not rated under FTSE Shariah
50 of 57 listed holdings carry our own per-methodology verdicts (76% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 47 (74% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
First Trust North American Energy Infrastructure Fund (EMLP) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for EMLP — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 59.80 | NEUTRAL |
| Stochastic %K (14) | 65.59 | NEUTRAL |
| CCI (20) | 60.43 | NEUTRAL |
| Williams %R (14) | -34.41 | NEUTRAL |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -1.06 | SELL |
| Momentum (10) | -0.47 | SELL |
| EMA (10) | 43.76 | BUY |
| SMA (10) | 43.72 | BUY |
| EMA (20) | 43.59 | BUY |
| SMA (20) | 43.73 | BUY |
| EMA (30) | 43.44 | BUY |
| SMA (30) | 43.31 | BUY |
| EMA (50) | 43.31 | BUY |
| SMA (50) | 42.99 | BUY |
| EMA (100) | 43.08 | BUY |
| SMA (100) | 43.35 | BUY |
| EMA (200) | 42.15 | BUY |
| SMA (200) | 42.95 | BUY |
About First Trust North American Energy Infrastructure Fund
The fund invests at least 80% of its net assets in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include U.S. and Canadian natural gas and electric utilities, corporations operating energy infrastructure assets such as pipelines or renewable energy production, utilities, publicly-traded MLPs, MLP affiliates and energy infrastructure companies. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 45 |
| ⏰ 4H | BEARISH | 35 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
Momentum & Volume
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
Peer Movement
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
What does unrated weight mean?
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
Does the issuer's board make it compliant?
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
How often is this re-screened?
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Compare with
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Insider Activity (90d)
Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.
NO DATA 0 buys · 0 sells
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-11-03 · Asset managers net 928584 (+5135)
AI Summary
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.