First Trust RBA American Industrial RenaissanceTM ETF

AIRR

First Trust

First Trust RBA American Industrial RenaissanceTM ETF (AIRR) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.92%. 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: 99.92%

Halal 49.93%
Doubtful 24.45%
Not halal 25.55%
Not rated 0.08%

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: First Trust
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.69%
AUM: 8.45B USD
Holdings: 55 (55 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

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	49.93%	25.55%
DJIM	Not halal	70.28%	24.31%
FTSE	Not halal	25.23%	69.36%
MSCI	Not halal	31.88%	61.95%
S&P	Not halal	69.04%	24.78%

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

1–50 of 55 holdings, largest first · basket as of 30 Oct 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	KRMNKarman Holdings Inc.	3.76%	Doubtful	Halal	Not halal	Not halal	Halal
2	HRIHerc Holdings, Inc.	3.57%	Not halal	Not halal	Not halal	Not halal	Not halal
3	KTOSKratos Defense & Security Solutions, Inc.	3.56%	Doubtful	Halal	Not halal	Not halal	Halal
4	HIIHuntington Ingalls Industries, Inc.	3.42%	Doubtful	Halal	Not halal	Not halal	Halal
5	BWXTBWX Technologies, Inc.	3.33%	Doubtful	Halal	Not halal	Not halal	Halal
6	CHRWC.H. Robinson Worldwide, Inc.	3.30%	Halal	Halal	Not halal	Halal	Halal
7	OCOwens Corning	3.25%	Not halal	Not halal	Not halal	Not halal	Not halal
8	RBCRBC Bearings Incorporated	3.18%	Doubtful	Not rated	Not rated	Not rated	Not rated
9	DYDycom Industries, Inc.	3.17%	Not halal	Not halal	Not halal	Not halal	Not halal
10	NXTNextpower Inc. (Class A)	3.04%	Halal	Halal	Halal	Halal	Halal
11	AGXArgan, Inc.	3.02%	Halal	Halal	Not halal	Not halal	Halal
12	CNMCore & Main, Inc. (Class A)	2.88%	Halal	Halal	Not halal	Not halal	Halal
13	FPSForgent Power Solutions, Inc. (Class A)	2.85%	Halal	Halal	Halal	Halal	Halal
14	STRLSterling Infrastructure, Inc.	2.75%	Halal	Halal	Halal	Halal	Halal
15	SAIASaia, Inc.	2.52%	Halal	Halal	Halal	Halal	Halal
16	CLHClean Harbors, Inc.	2.50%	Halal	Halal	Not halal	Not halal	Halal
17	ONBOld National Bancorp	2.40%	Not halal	Not halal	Not halal	Not halal	Not halal
18	WMSAdvanced Drainage Systems, Inc.	2.39%	Halal	Halal	Not halal	Not halal	Halal
19	MLIMueller Industries, Inc.	2.17%	Halal	Halal	Not halal	Not halal	Halal
20	SPXCSPX Technologies	2.15%	Doubtful	Not rated	Not rated	Not rated	Not rated
21	OSKOshkosh Corporation	2.00%	Doubtful	Halal	Not halal	Not halal	Halal
22	PRIMPrimoris Services Corporation	1.91%	Halal	Halal	Halal	Halal	Halal
23	POWLPowell Industries, Inc.	1.88%	Halal	Halal	Not halal	Not halal	Halal
24	AAONAAON, Inc.	1.82%	Halal	Halal	Halal	Halal	Halal
25	FNBF.N.B. Corporation	1.81%	Not halal	Not halal	Not halal	Not halal	Not halal
26	AITApplied Industrial Technologies, Inc.	1.80%	Halal	Halal	Halal	Halal	Halal
27	MSMMSC Industrial Direct Co., Inc. (Class A)	1.71%	Halal	Halal	Halal	Halal	Halal
28	XMTRXometry, Inc. (Class A)	1.60%	Halal	Halal	Not halal	Not halal	Halal
29	GVAGranite Construction Incorporated	1.51%	Not halal	Not halal	Not halal	Not halal	Not halal
30	RRyder System, Inc.	1.51%	Not halal	Not halal	Not halal	Not halal	Not halal
31	ASBAssociated Banc-Corp	1.48%	Not halal	Not halal	Not halal	Not halal	Not halal
32	WTFCWintrust Financial Corporation	1.47%	Not halal	Not halal	Not halal	Not halal	Not halal
33	IESCIES Holdings, Inc.	1.42%	Halal	Halal	Not halal	Halal	Halal
34	KEXKirby Corporation	1.36%	Halal	Halal	Halal	Halal	Halal
35	MRCYMercury Systems, Inc.	1.32%	Doubtful	Halal	Not halal	Not halal	Halal
36	ROADConstruction Partners, Inc. (Class A)	1.24%	Not halal	Halal	Not halal	Not halal	Not halal
37	FSSFederal Signal Corporation	1.05%	Halal	Halal	Halal	Halal	Halal
38	LSTRLandstar System, Inc.	1.03%	Halal	Halal	Not halal	Halal	Halal
39	FULTFulton Financial Corporation	0.92%	Not halal	Not halal	Not halal	Not halal	Not halal
40	ECGEverus Construction Group, Inc.	0.90%	Halal	Halal	Not halal	Halal	Halal
41	LGNLegence Corp. (Class A)	0.87%	Halal	Halal	Halal	Halal	Halal
42	DCODucommun Incorporated	0.87%	Doubtful	Halal	Not halal	Not halal	Halal
43	DRSLeonardo DRS, Inc.	0.85%	Doubtful	Halal	Not halal	Not halal	Halal
44	ZWSZurn Elkay Water Solutions Corp.	0.83%	Halal	Halal	Halal	Halal	Halal
45	DNOWDNOW Inc.	0.82%	Halal	Halal	Halal	Halal	Halal
46	CSWCSW Industrials, Inc.	0.82%	Halal	Halal	Not halal	Not halal	Halal
47	TPCTutor Perini Corporation	0.77%	Not halal	Not halal	Not halal	Not rated	Not rated
48	MWAMueller Water Products, Inc.	0.74%	Halal	Halal	Halal	Halal	Halal
49	BLBDBlue Bird Corporation	0.70%	Halal	Halal	Not halal	Not halal	Halal
50	MWHSOLV Energy, Inc. (Class A)	0.70%	Not halal	Not halal	Not halal	Not halal	Not halal

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

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