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Themes Airlines ETF

AIRL

Themes

Themes Airlines ETF (AIRL) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 81.32%. Below: the fund under all five rulebooks, its facts and every holding with its own verdict.

Akinda fund screen

Akinda fund screen (AAOIFI-derived)Not halalCoverage: 81.32%
  • Halal 7.93%
  • Doubtful 0.00%
  • Not halal 73.39%
  • Not rated 18.68%

The bar is scaled to fit; the figures are as reported, and the buckets do not always total 100%.

Coverage is the share of the fund's weight we hold a usable verdict for. Below 95%, a fund is rated only when the weight we can see already breaches the 5% limit; otherwise it is not rated by this method.

Fund facts

Issuer
Themes
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.35%
AUM
343.30K USD
Holdings
40 (23 screened)
Basket as of (provider)
30 Oct 2026
Basket fetched by Akinda
30 Oct 2026
Verdict updated
3 Nov 2026

Venue is where a fund trades; domicile is where it is registered. London-listed funds are domiciled in Ireland or Luxembourg, so use Venue for UK ETFs.

Five rulebooks

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal7.93%73.39%
DJIMNot halal7.93%73.39%
FTSENot halal45.21%19.74%
MSCINot halal45.21%19.74%
S&PNot halal7.93%70.38%

Every bar uses the same 0–100% scale. Index rulebooks report only halal and not-halal weight; uncoloured weight is weight that rulebook does not classify. Coverage is published for the Akinda fund screen only.

The fund screen and the four index rulebooks answer different questions, so they are expected to disagree. A fund can be doubtful on our fund screen and halal under S&P; both are correct.

Holdings

1–40 of 40 holdings, largest first · basket as of 30 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
UALUnited Airlines Holdings Inc
5.71%Not halalNot halalHalalHalalNot halal
2
ALKAlaska Air Group Inc
5.27%Not halalNot halalHalalHalalNot halal
3
DALDelta Air Lines Inc
4.97%Not halalNot halalHalalHalalNot halal
4
AALAmerican Airlines Group Inc
4.63%Not halalNot halalNot halalNot halalNot halal
5
QAN.AXQantas Airways Ltd
4.59%Not ratedNot ratedNot ratedNot ratedNot rated
6
CPACopa Holdings SA
4.50%Not halalNot halalNot halalNot halalNot halal
7
IAG.LInternational Consolidated Airlines Group SA
4.38%Not halalNot halalHalalHalalNot halal
8
EIF.TOExchange Income Corp
4.34%Not halalNot halalNot halalNot halalNot halal
9
9201.TJapan Airlines Co Ltd
4.34%Not halalNot halalNot ratedNot ratedNot halal
10
LHA.DEDeutsche Lufthansa AG
4.23%Not halalNot halalNot ratedNot ratedNot halal
11
SKYWSkyWest Inc
4.20%Not halalNot halalHalalHalalNot halal
12
RYAAYRyanair Holdings PLC
4.11%HalalHalalHalalHalalHalal
13
9202.TANA Holdings Inc
4.08%Not halalNot halalNot ratedNot ratedNot halal
14
JBLUJetBlue Airways Corp
3.92%Not halalNot halalNot halalNot halalNot halal
15
AF.PAAir France-KLM
3.88%Not ratedNot ratedNot ratedNot ratedNot rated
16
SIA.SISingapore Airlines Ltd
3.88%Not ratedNot ratedNot ratedNot ratedNot rated
17
LUVSouthwest Airlines Co
3.83%HalalHalalHalalHalalHalal
18
EZJ.LeasyJet PLC
3.67%Not halalNot halalHalalHalalNot halal
19
AC.TOAir Canada
3.44%Not halalNot halalHalalHalalNot halal
20
NAS.OLNorwegian Air Shuttle ASA
3.01%Not halalNot halalNot ratedNot ratedNot rated
21
WIZZ.LWizz Air Holdings Plc
2.89%Not halalNot halalHalalHalalNot halal
22
ELAL.TAEl Al Israel Airlines
2.85%Not ratedNot ratedNot ratedNot ratedNot rated
23
ALGTAllegiant Travel Co
2.13%Not halalNot halalNot halalNot halalNot halal
24
VTOLBristow Group Inc
2.04%Not halalNot halalHalalHalalNot halal
25
0293.HKCathay Pacific Airways Ltd
1.77%Not ratedNot ratedNot ratedNot ratedNot rated
26
SNCYSun Country Airlines Holdings Inc
1.02%Not ratedNot ratedNot ratedNot ratedNot rated
27
FIA1S.HEFinnair Oyj
0.71%Not halalNot halalNot ratedNot ratedNot halal
28
ULCCFrontier Group Holdings Inc
0.70%Not halalNot halalHalalHalalNot halal
29
SGDSINGAPORE DOLLAR
0.45%Not ratedNot ratedNot ratedNot ratedNot rated
30
SRFMSurf Air Mobility Inc
0.22%Not halalNot halalNot halalNot halalNot halal
31
FXFXXFirst American Treasury Obligations Fund 01/01/2040
0.14%Not ratedNot ratedNot ratedNot ratedNot rated
32
GBPBRITISH POUNDS
-0.02%Not ratedNot ratedNot ratedNot ratedNot rated
33
CADCANADIAN DOLLAR
0.01%Not ratedNot ratedNot ratedNot ratedNot rated
34
EUREURO
0.01%Not ratedNot ratedNot ratedNot ratedNot rated
35
ILSISRAELI NEW SHEKEL
0.01%Not ratedNot ratedNot ratedNot ratedNot rated
36
NZDNEW ZEALAND DOLLAR
0.00%Not ratedNot ratedNot ratedNot ratedNot rated
37
NOKNORWEGIAN KRONE
0.00%Not ratedNot ratedNot ratedNot ratedNot rated
38
HKDHONG KONG DOLLAR
-0.00%Not ratedNot ratedNot ratedNot ratedNot rated
39
JPYJAPANESE YEN
0.00%Not ratedNot ratedNot ratedNot ratedNot rated
40
AUDAUSTRALIAN DOLLAR
-0.00%Not ratedNot ratedNot ratedNot ratedNot rated

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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