FA

FAI

$53.76
Sharia status
COMPLIANT
Screened by look-through to its filed holdings — 99% of portfolio weight covered
Fund look-through

First Trust Bloomberg Artificial Intelligence ETF ETF · First Trust Exchange-Traded Fund II

50 holdings · as of 2026-06-30 (2.4 months ago)

COMPLIANT 2.63% of portfolio weight is in non-compliant holdings, under the 5% threshold.

50 holdings, 48 matched (99% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.

1.27% of this portfolio’s income is non-permissible — weighted across holdings, computed over 99% of portfolio weight (48 of 50 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.

72.1% compliant 22.2% questionable 2.6% non-compliant 1.1% unscreened

All holdings (50)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
MU MICRON TECHNOLOGY INC COMPLIANT 8.77% AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3%
AMD ADVANCED MICRO DEVICES INC COMPLIANT 7.44% AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8%
000660.KS SK HYNIX INC COMPLIANT 7.41% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
GOOG ALPHABET INC QUESTIONABLE 6.73% AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9%
AVGO BROADCOM INC COMPLIANT 6.68% AAOIFI3.6% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5%
AMZN AMAZON.COM INC QUESTIONABLE 6.33% AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1%
NVDA NVIDIA CORP COMPLIANT 5.87% AAOIFI0.7% Usmani12.1% Dow Jones Islamic1.0% S&P Shariah1.2% MSCI Islamic12.1% MSCI Islamic M-Series1.2% FTSE Shariah10.4%
MRVL MARVELL TECHNOLOGY INC COMPLIANT 4.48% AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0%
MSFT MICROSOFT CORP QUESTIONABLE 4.22% AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3%
ASML ASML HOLDING NV COMPLIANT 4.08% AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7%
TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD COMPLIANT 3.72% AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4%
ORCL ORACLE CORP COMPLIANT 2.79% AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5%
META META PLATFORMS INC QUESTIONABLE 2.73% AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6%
PLTR PALANTIR TECHNOLOGIES INC QUESTIONABLE 2.19% AAOIFI0.1% Usmani1.8% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0%
NOW SERVICENOW INC COMPLIANT 1.83% AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7%
QCOM QUALCOMM INC COMPLIANT 1.76% AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7%
CRWD CROWDSTRIKE HOLDINGS INC COMPLIANT 1.66% AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2%
2454.TW MEDIATEK INC COMPLIANT 1.65% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
ANET ARISTA NETWORKS INC COMPLIANT 1.58% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
ADBE ADOBE INC COMPLIANT 1.49% AAOIFI5.9% Usmani20.3% Dow Jones Islamic4.0% S&P Shariah3.3% MSCI Islamic20.3% MSCI Islamic M-Series3.3% FTSE Shariah18.9%
DDOG DATADOG INC NON_COMPLIANT 1.49% AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1%
SNOW SNOWFLAKE INC COMPLIANT 1.44% AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0%
SHOP SHOPIFY INC COMPLIANT 1.24% AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0%
ALAB ASTERA LABS INC COMPLIANT 1.17% AAOIFI0.1% Usmani2.3% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic2.3% MSCI Islamic M-Series0.2% FTSE Shariah0.0%
NEBIUS GROUP NV UNSCREENED 1.04% no in-house ratios for this holding
CDNS CADENCE DESIGN SYSTEMS INC COMPLIANT 0.90% AAOIFI0.3% Usmani1.9% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.9% MSCI Islamic M-Series0.3% FTSE Shariah0.0%
SNPS SYNOPSYS INC COMPLIANT 0.76% AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0%
INTU INTUIT INC COMPLIANT 0.63% AAOIFI9.8% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8%
MPWR MONOLITHIC POWER SYSTEMS INC COMPLIANT 0.57% AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
CRWV COREWEAVE INC NON_COMPLIANT 0.52% AAOIFI74.8% Usmani53.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic53.4% MSCI Islamic M-Seriesfail FTSE Shariah32.3%
ASMIY ASM INTERNATIONAL NV COMPLIANT 0.47% AAOIFI0.0% Usmani0.5% Dow Jones Islamic0.0% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.3%
OKTA OKTA INC COMPLIANT 0.41% AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.0%
ZM ZOOM COMMUNICATIONS INC COMPLIANT 0.39% AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.4% MSCI Islamic M-Series0.3% FTSE Shariah0.0%
AMBA AMBARELLA INC COMPLIANT 0.30% AAOIFI0.5% Usmani1.6% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic1.6% MSCI Islamic M-Series0.5% FTSE Shariah0.0%
NTAP NETAPP INC COMPLIANT 0.27% AAOIFI7.4% Usmani25.0% Dow Jones Islamic11.7% S&P Shariah13.3% MSCI Islamic25.0% MSCI Islamic M-Series13.3% FTSE Shariah22.7%
QLYS QUALYS INC COMPLIANT 0.27% AAOIFI0.9% Usmani5.0% Dow Jones Islamic1.1% S&P Shariah1.0% MSCI Islamic5.0% MSCI Islamic M-Series1.0% FTSE Shariah0.0%
BESIY BE SEMICONDUCTOR INDUSTRIES NV COMPLIANT 0.26% AAOIFI3.2% Usmani48.1% Dow Jones Islamic4.4% S&P Shariah4.7% MSCI Islamic46.8% MSCI Islamic M-Series4.7% FTSE Shariah46.8%
MDB MONGODB INC COMPLIANT 0.24% AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0%
GTLB GITLAB INC NON_COMPLIANT 0.24% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
VIAV VIAVI SOLUTIONS INC COMPLIANT 0.22% AAOIFI11.3% Usmani41.5% Dow Jones Islamic24.0% S&P Shariah29.9% MSCI Islamic41.5% MSCI Islamic M-Series29.9% FTSE Shariah40.0%
S SENTINELONE INC COMPLIANT 0.22% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
SMCI SUPER MICRO COMPUTER INC NON_COMPLIANT 0.22% AAOIFI17.4% Usmani15.3% Dow Jones Islamic20.6% S&P Shariah17.5% MSCI Islamic15.3% MSCI Islamic M-Series17.5% FTSE Shariah13.5%
DBX DROPBOX INC COMPLIANT 0.20% AAOIFI5.3% Usmani23.9% Dow Jones Islamic6.2% S&P Shariah6.3% MSCI Islamic13.8% MSCI Islamic M-Series6.3% FTSE Shariah0.0%
DT DYNATRACE INC COMPLIANT 0.20% AAOIFI1.1% Usmani3.9% Dow Jones Islamic1.1% S&P Shariah1.1% MSCI Islamic3.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0%
TEAM ATLASSIAN CORP COMPLIANT 0.20% AAOIFI2.6% Usmani20.2% Dow Jones Islamic2.9% S&P Shariah2.7% MSCI Islamic20.2% MSCI Islamic M-Series2.7% FTSE Shariah16.2%
BOX BOX INC COMPLIANT 0.19% AAOIFI11.2% Usmani37.4% Dow Jones Islamic12.1% S&P Shariah12.6% MSCI Islamic37.4% MSCI Islamic M-Series12.6% FTSE Shariah32.2%
ZS ZSCALER INC COMPLIANT 0.18% AAOIFI7.7% Usmani23.6% Dow Jones Islamic5.6% S&P Shariah5.9% MSCI Islamic23.6% MSCI Islamic M-Series5.9% FTSE Shariah21.6%
4704.T TREND MICRO INC NON_COMPLIANT 0.17% AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
PATH UIPATH INC COMPLIANT 0.17% AAOIFI1.1% Usmani2.7% Dow Jones Islamic1.2% S&P Shariah1.0% MSCI Islamic2.7% MSCI Islamic M-Series1.0% FTSE Shariah0.0%
WIX.COM LTD UNSCREENED 0.10% no in-house ratios for this holding

The published standards disagree about this fund by 30 points of portfolio weight — 88.8% of it passes Dow Jones Islamic, 59.0% passes MSCI Islamic. 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 87.8% ratios fail on 8.7% 1.5% not rated under AAOIFI

48 of 50 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 45 (88% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
DDOG DATADOG INC 1.49%
CRWV COREWEAVE INC 0.52%
GTLB GITLAB INC 0.24%
SMCI SUPER MICRO COMPUTER INC 0.22%
4704.T TREND MICRO INC 0.17%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.
Why this signal?
Structure0 of 4 timeframes bullish · 17.6% aligned
VWAPPrice below VWAP ($54.63)
VolumeRelative volume 3.5× the 20-day average
Momentum10-day rate of change +0.4%

FAI (FAI) is currently considered halal (Sharia-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.

Market & analysts
Momentum (10d)
+0.4%
rate of change
SMC grade
F · 27
17.6% aligned
COMPLIANT
Sharia compliance
F · 27
SMC grade — 17.6% timeframe alignment
+0.4%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for FAI — this runs off the critical path so the page paints first. It will appear here on its own.

57.8252.2546.6841.1135.542025-09-112026-03-122026-09-10

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
54.21
S2
54.40
S1
54.55
PIVOT
54.74
R1
54.89
R2
55.08
R3
55.23

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
52.7231 57.2769
±4.14% from 55, made 2026-09-08 · resolves 2026-09-15
STRONG BUY
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 21808 forecast(s) are currently open and will be scored automatically when their horizon expires.

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 above. 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

BUY
19 indicators
OscillatorsSTRONG BUY
2 buy · 4 neutral · 1 sell
Moving averagesBUY
7 buy · 0 neutral · 5 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)50.30NEUTRAL
Stochastic %K (14)37.76NEUTRAL
CCI (20)-27.56NEUTRAL
Williams %R (14)-62.24NEUTRAL
MACD (12,26,9)-0.07SELL
ROC (10)0.43BUY
Momentum (10)0.23BUY
EMA (10)54.23SELL
SMA (10)54.37SELL
EMA (20)53.95SELL
SMA (20)54.15SELL
EMA (30)53.62BUY
SMA (30)53.83SELL
EMA (50)52.95BUY
SMA (50)52.62BUY
EMA (100)50.93BUY
SMA (100)51.78BUY
EMA (200)46.95BUY
SMA (200)46.06BUY

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.

About FAI

Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in the securities that comprise the index. The index selects the top 50 companies based on a combination of the Revenue Assessment and market capitalization of companies stemming from Artificial Intelligence products and services utilizing data from Bloomberg Intelligence. The fund is non-diversified.

Background via Yahoo Finance — informational, not part of the verdict.

Grade verdict

No real edge — avoid

SMC — Top Down

TimeframeBiasBars
📅 Daily RANGING 43
🕐 1H RANGING 51
⏱ 15-Min BEARISH 130
⏲ 5-Min BEARISH 234

Momentum & Volume

0.71
MACD (no fresh cross)

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.