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AlphaClone Alternative Alpha ETF

ALFA

AlphaClone Alternative Alpha ETF (ALFA) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 84.53%. 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: 84.53%
  • Halal 49.20%
  • Doubtful 8.21%
  • Not halal 27.13%
  • Not rated 15.47%

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
—
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.65%
AUM
23.69M USD
Holdings
38 (31 screened)
Basket as of (provider)
17 Apr 2023
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 halal49.20%27.13%
DJIMNot halal43.47%29.93%
FTSENot halal29.56%43.55%
MSCINot halal29.56%43.55%
S&PNot halal43.47%26.78%

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

1–38 of 38 holdings, largest first · basket as of 17 Apr 2023
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
BILLBill.com Holdings, Inc.
3.15%Not halalNot halalNot ratedNot ratedNot rated
2
NTNXNutanix, Inc.
3.12%HalalHalalNot halalNot halalHalal
3
ROKURoku, Inc.
3.03%Not halalNot halalNot halalNot halalNot halal
4
GNRCGenerac Holdings Inc.
2.98%HalalHalalHalalHalalHalal
5
RUNSunrun Inc.
2.97%Not halalNot halalNot halalNot halalNot halal
6
SHOPShopify Inc.
2.95%HalalHalalNot halalNot halalHalal
7
HUBSHubSpot, Inc.
2.90%HalalHalalNot halalNot halalHalal
8
DASHDoorDash, Inc.
2.88%HalalHalalHalalHalalHalal
9
EVBGEverbridge, Inc.
2.87%Not ratedNot ratedNot ratedNot ratedNot rated
10
ILMNIllumina, Inc.
2.87%HalalNot ratedNot ratedNot ratedNot rated
11
CVNACarvana Co.
2.86%HalalNot ratedNot halalNot halalNot rated
12
TWLOTwilio Inc.
2.86%HalalHalalHalalHalalHalal
13
MELIMercadoLibre, Inc.
2.82%DoubtfulNot ratedNot ratedNot ratedNot rated
14
PYPLPayPal Holdings, Inc.
2.80%DoubtfulNot halalNot halalNot halalNot halal
15
PZZAPapa John's International, Inc.
2.78%Not halalNot halalNot halalNot halalNot halal
16
ETSYEtsy, Inc.
2.75%Not halalNot halalNot halalNot halalNot halal
17
TSLATesla, Inc.
2.69%HalalHalalHalalHalalHalal
18
AMZNAmazon.com, Inc.
2.67%HalalHalalHalalHalalHalal
19
AAPLApple Inc.
2.66%HalalHalalHalalHalalHalal
20
FNFabrinet
2.66%HalalHalalHalalHalalHalal
21
SNOWSnowflake Inc.
2.62%HalalHalalNot halalNot halalHalal
22
SKYSkyline Champion Corporation
2.61%HalalHalalHalalHalalHalal
23
FBFacebook, Inc.
2.60%Not ratedNot ratedNot ratedNot ratedNot rated
24
GOOGLAlphabet Inc.
2.59%DoubtfulNot ratedNot ratedNot ratedNot rated
25
HZNPHorizon Therapeutics Public Limited Company
2.59%Not ratedNot ratedNot ratedNot ratedNot rated
26
COSTCostco Wholesale Corporation
2.58%HalalHalalHalalHalalHalal
27
NFLXNetflix, Inc.
2.57%Not halalNot halalNot halalNot halalNot halal
28
WWayfair Inc.
2.57%Not halalNot halalNot halalNot halalNot halal
29
PANWPalo Alto Networks, Inc.
2.55%HalalHalalHalalHalalHalal
30
SLQTSelectQuote, Inc.
2.51%Not halalNot halalNot halalNot halalNot halal
31
DISThe Walt Disney Company
2.48%Not halalNot halalNot halalNot halalNot halal
32
LRCXLam Research Corporation
2.43%HalalHalalHalalHalalHalal
33
TRTNTriton International Limited
2.42%Not ratedNot ratedNot ratedNot ratedNot rated
34
EBEventbrite, Inc.
2.38%Not ratedNot ratedNot ratedNot ratedNot rated
35
BRKSBrooks Automation, Inc.
2.34%Not ratedNot ratedNot ratedNot ratedNot rated
36
LADLithia Motors, Inc.
2.33%Not halalNot halalNot halalNot halalNot halal
37
CPNGCoupang, Inc.
2.32%HalalHalalNot halalNot halalHalal
38
Cash&Other—
0.27%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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