ETF Series Solutions - The Frontier Economic Fund

AKAF

Vident Frontier

ETF Series Solutions - The Frontier Economic Fund (AKAF) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 90.03%. 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: 90.03%

Halal 47.73%
Doubtful 7.31%
Not halal 34.99%
Not rated 9.97%

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: Vident Frontier
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.20%
AUM: 2.90M USD
Holdings: 147 (138 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	47.73%	34.99%
DJIM	Not halal	54.50%	33.10%
FTSE	Not halal	45.24%	40.31%
MSCI	Not halal	45.24%	41.46%
S&P	Not halal	54.72%	32.60%

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 147 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	COPConocoPhillips	2.49%	Halal	Halal	Halal	Halal	Halal
2	XOMExxonMobil Holdings Corp	2.47%	Halal	Halal	Halal	Halal	Halal
3	UBERUber Technologies Inc	1.83%	Halal	Halal	Halal	Halal	Halal
4	APAAPA Corp	1.77%	Not halal	Not halal	Halal	Halal	Not halal
5	DASHDoorDash Inc	1.73%	Halal	Halal	Halal	Halal	Halal
6	CCLCarnival Corp Ltd	1.65%	Not halal	Not halal	Not halal	Not halal	Not halal
7	STO.AXSantos Ltd	1.60%	Not rated	Not rated	Not rated	Not rated	Not rated
8	RCLRoyal Caribbean Cruises Ltd	1.57%	Not halal	Halal	Not halal	Not halal	Not halal
9	9101.TNippon Yusen KK	1.56%	Not rated	Not rated	Not rated	Not rated	Not rated
10	UPSUnited Parcel Service Inc	1.54%	Halal	Halal	Halal	Halal	Halal
11	REP.MCRepsol SA	1.53%	Not halal	Not halal	Not rated	Not rated	Not halal
12	HALHalliburton Co	1.53%	Halal	Halal	Halal	Halal	Halal
13	NST.AXNorthern Star Resources Ltd	1.50%	Not rated	Not rated	Not rated	Not rated	Not rated
14	SLBSLB Ltd	1.47%	Halal	Halal	Halal	Halal	Halal
15	DALDelta Air Lines Inc	1.46%	Not halal	Not halal	Halal	Halal	Not halal
16	9107.TKawasaki Kisen Kaisha Ltd	1.41%	Not rated	Not rated	Not rated	Not rated	Not rated
17	DSV.CODSV A/S	1.41%	Not rated	Not rated	Not rated	Not rated	Not rated
18	XPOXPO Inc	1.40%	Halal	Halal	Not halal	Not halal	Halal
19	FDXFedEx Corp	1.37%	Not halal	Not halal	Halal	Halal	Not halal
20	UALUnited Airlines Holdings Inc	1.37%	Not halal	Not halal	Halal	Halal	Not halal
21	TECKTeck Resources Ltd	1.34%	Halal	Halal	Halal	Halal	Halal
22	BKRBaker Hughes Co	1.29%	Halal	Halal	Halal	Halal	Halal
23	S32.AXSouth32 Ltd	1.25%	Not rated	Not rated	Not rated	Not rated	Not rated
24	FDXFFedex Freight Holding Co Inc	1.23%	Halal	Halal	Not halal	Not halal	Halal
25	HLHecla Mining Co	1.04%	Halal	Halal	Halal	Halal	Halal
26	CDECOEUR MINING INC.	0.99%	Halal	Halal	Halal	Halal	Halal
27	K.TOKinross Gold Corp	0.96%	Halal	Halal	Halal	Halal	Halal
28	RRyder System Inc	0.85%	Not halal	Not halal	Not halal	Not halal	Not halal
29	WMTWalmart Inc	0.83%	Halal	Halal	Halal	Halal	Halal
30	AAPLApple Inc	0.83%	Halal	Halal	Halal	Halal	Halal
31	IBMInternational Business Machines Corp	0.83%	Doubtful	Not rated	Not halal	Not halal	Not rated
32	MARMarriott International Inc/MD	0.83%	Doubtful	Halal	Not halal	Not halal	Halal
33	LMTLockheed Martin Corp	0.82%	Doubtful	Halal	Not halal	Not halal	Halal
34	MCKMcKesson Corp	0.81%	Halal	Halal	Halal	Halal	Halal
35	HCAHCA Healthcare Inc	0.81%	Not halal	Not halal	Not halal	Not halal	Not halal
36	MSFTMicrosoft Corp	0.80%	Halal	Halal	Halal	Halal	Halal
37	EMREmerson Electric Co	0.80%	Halal	Halal	Halal	Halal	Halal
38	KEXKirby Corp	0.78%	Halal	Halal	Halal	Halal	Halal
39	NCLHNorwegian Cruise Line Holdings Ltd	0.78%	Not halal	Not halal	Not halal	Not halal	Not halal
40	PWRQuanta Services Inc	0.77%	Halal	Halal	Halal	Halal	Halal
41	MATXMatson Inc	0.76%	Halal	Halal	Halal	Halal	Halal
42	COSTCostco Wholesale Corp	0.75%	Halal	Halal	Halal	Halal	Halal
43	MRSHMarsh & McLennan Cos Inc	0.75%	Not halal	Not halal	Not halal	Not halal	Not halal
44	KOCoca-Cola Co/The	0.74%	Halal	Halal	Not halal	Not halal	Halal
45	WFRDWeatherford International PLC	0.74%	Halal	Not halal	Halal	Halal	Halal
46	DISWalt Disney Co/The	0.74%	Not halal	Not halal	Not halal	Not halal	Not halal
47	WFCWells Fargo & Co	0.74%	Not halal	Not halal	Not halal	Not halal	Not halal
48	NBRNabors Industries Ltd	0.74%	Not halal	Not halal	Not halal	Not halal	Not halal
49	CSCOCisco Systems Inc	0.73%	Halal	Halal	Halal	Halal	Halal
50	SBUXStarbucks Corp	0.73%	Halal	Halal	Not halal	Not halal	Halal

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

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