What Shariah screening methodology does HalalStockGuide use?

We apply all 5 major Shariah screening standards: AAOIFI Standard 21, Dow Jones Islamic Market Index (DJIM), MSCI Islamic, S&P Shariah, and FTSE Shariah. Each standard has different thresholds for debt, cash, receivables, and impermissible income ratios.

Is First Trust Intermediate Duration Preferred & Income Fund (FPF) Halal?

NYSE Financial Services United States $1.1B

✗ NOT HALAL

Confidence: 95/100

First Trust Intermediate Duration Preferred & Income Fund (FPF) is Not Halal under AAOIFI Standard 21 due to its classification in the Asset Management industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from October 2025

Standard	Debt Ratio	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

P/E Ratio

8.8

EPS

$1.97

Dividend Yield

952.0%

Payout: 83.8%

Revenue

$122M

Profitability

Gross Margin	0.0%
Operating Margin	0.0%
Net Margin	0.0%

Cash Flow & Balance Sheet

Operating Cash Flow	$20M
Free Cash Flow	$20M
Total Debt	$653M
Total Assets	$1.9B

Price & Trading

Last Close	$17.81
50-Day MA	$18.67
200-Day MA	$18.80
Avg Volume	123K
52-Week Range $15.60 $19.75

About First Trust Intermediate Duration Preferred & Income Fund (FPF)

Sector

Financial Services

Industry

Asset Management

Country

United States

Exchange

NYSE

Market Cap

$1.1B

Currency

USD

First Trust Intermediate Duration Preferred & Income Fund is a closed end fixed income mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Stonebridge Advisors, LLC. It invests in fixed income markets. The fund will also invest in below investment-grade securities like junk or high-yield securities. First Trust Intermediate Duration Preferred & Income Fund was formed on May 23, 2013 and is domiciled in the United States.

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Frequently Asked Questions

Is First Trust Intermediate Duration Preferred & Income Fund (FPF) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), First Trust Intermediate Duration Preferred & 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 Intermediate Duration Preferred & Income Fund's debt ratio?

First Trust Intermediate Duration Preferred & 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 Intermediate Duration Preferred & Income Fund's key financial metrics?

First Trust Intermediate Duration Preferred & Income Fund has a market capitalization of $1.1B, trailing P/E ratio of 8.8, and revenue of $122M.

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.