Is FIRST TRUST MORTGAGE INCOME FUND (FMY) Halal?
Shariah Screening — 5 Standards
Based on financial data from October 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 | 81.6% | |
| Net Margin | 130.5% | |
| Return on Equity (ROE) | 8.5% | |
| Return on Assets (ROA) | 3.1% |
Cash Flow & Balance Sheet
| Current Ratio | 2.2 |
| Total Assets | $58M |
Price & Trading
| Last Close | $11.66 |
| 50-Day MA | $11.99 |
| 200-Day MA | $12.10 |
| Avg Volume | 9K |
| Beta | 0.3 |
|
52-Week Range
$11.40
| |
About FIRST TRUST MORTGAGE INCOME FUND (FMY)
First Trust Mortgage Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Brookfield Investment Management Inc. The fund invests in fixed income markets. It seeks to invest in fixed income securities including mortgage-backed securities, consisting of pass-through certificates, collateralized mortgage obligations, residential mortgage-backed securities, and commercial mortgage-backed securities. The fund was formerly known as the First Trust/FIDAC Mortgage Income Fund. First Trust Mortgage Income Fund was formed on May 25, 2005 and is domiciled in United States.
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Frequently Asked Questions
Is FIRST TRUST MORTGAGE INCOME FUND (FMY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FIRST TRUST MORTGAGE 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 MORTGAGE INCOME FUND's debt ratio?
FIRST TRUST MORTGAGE 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 MORTGAGE INCOME FUND's key financial metrics?
FIRST TRUST MORTGAGE INCOME FUND has a market capitalization of $49M, trailing P/E ratio of 10.7, and revenue of $5M. The company maintains a gross margin of 100.0% and a net margin of 130.5%. Return on equity stands at 8.5%.
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.