Is FIRST TRUST ENHANCED EQUITY INCOME FUND (FFA) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| 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 | 20.6% | |
| Net Margin | 1236.3% | |
| Return on Equity (ROE) | 18.0% | |
| Return on Assets (ROA) | 0.2% |
Cash Flow & Balance Sheet
| Current Ratio | 4.9 |
| Total Assets | $425M |
Price & Trading
| Last Close | $19.98 |
| 50-Day MA | $21.58 |
| 200-Day MA | $21.34 |
| Avg Volume | 30K |
| Beta | 1.0 |
|
52-Week Range
$15.00
| |
About FIRST TRUST ENHANCED EQUITY INCOME FUND (FFA)
First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across the diversified sectors. It invests in stocks of companies across diversified market capitalizations. The fund also writes covered call options. It benchmarks the performance of its portfolio against the S&P 500 Index. The fund was formerly known as First Trust/Fiduciary Asset Management Covered Call Fund. First Trust Enhanced Equity Income Fund was formed on August 26, 2004 and is domiciled in the United States.
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Frequently Asked Questions
Is FIRST TRUST ENHANCED EQUITY INCOME FUND (FFA) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FIRST TRUST ENHANCED EQUITY INCOME FUND 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 ENHANCED EQUITY INCOME FUND's debt ratio?
FIRST TRUST ENHANCED EQUITY INCOME FUND'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 ENHANCED EQUITY INCOME FUND's key financial metrics?
FIRST TRUST ENHANCED EQUITY INCOME FUND has a market capitalization of $393M, trailing P/E ratio of 4.9, and revenue of $76M. The company maintains a gross margin of 100.0% and a net margin of 1236.3%. Return on equity stands at 18.0%.
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.