Is FIRST TRUST SENIOR FLOATING RATE INCOME FUND II (FCT) Halal?
Shariah Screening — 5 Standards
Based on financial data from May 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 87.8% | |
| Net Margin | 65.5% | |
| Return on Equity (ROE) | 6.1% | |
| Return on Assets (ROA) | 4.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $6M |
| Free Cash Flow | $6M |
| Total Debt | $54M |
| Debt-to-Equity | 14.9 |
| Current Ratio | 0.1 |
| Total Assets | $356M |
Price & Trading
| Last Close | $9.58 |
| 50-Day MA | $9.87 |
| 200-Day MA | $9.91 |
| Avg Volume | 117K |
| Beta | 0.3 |
|
52-Week Range
$8.61
| |
About FIRST TRUST SENIOR FLOATING RATE INCOME FUND II (FCT)
First Trust Senior Floating Rate Income Fund II is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund invests in the fixed income markets of the United States. It seeks to invest in a portfolio of senior secured floating rate corporate loans. The fund benchmarks the performance of its portfolio against the S&P/LSTA Leveraged Loan Index. It was formerly known as First Trust/Four Corners Senior Floating Rate Income Fund II. First Trust Senior Floating Rate Income Fund II was formed on May 25, 2004 and is domiciled in the United States.
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Frequently Asked Questions
Is FIRST TRUST SENIOR FLOATING RATE INCOME FUND II (FCT) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FIRST TRUST SENIOR FLOATING RATE INCOME FUND II is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FIRST TRUST SENIOR FLOATING RATE INCOME FUND II's debt ratio?
FIRST TRUST SENIOR FLOATING RATE INCOME FUND II's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are FIRST TRUST SENIOR FLOATING RATE INCOME FUND II's key financial metrics?
FIRST TRUST SENIOR FLOATING RATE INCOME FUND II has a market capitalization of $247M, trailing P/E ratio of 14.6, and revenue of $19M. The company maintains a gross margin of 100.0% and a net margin of 65.5%. Return on equity stands at 6.1%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.