DeltaShares S&P 500 Managed Risk ETF

DMRL

DeltaShares S&P 500 Managed Risk ETF (DMRL) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 92.28%. 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: 92.28%

Halal 52.32%
Doubtful 11.39%
Not halal 28.57%
Not rated 7.72%

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: 0.35%
AUM: 53.79M USD
Holdings: 506 (449 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

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	52.32%	28.57%
DJIM	Not halal	52.47%	32.32%
FTSE	Not halal	40.79%	44.85%
MSCI	Not halal	40.82%	44.82%
S&P	Not halal	53.31%	31.47%

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 506 holdings, largest first · basket as of 17 Apr 2023

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	AAPL—	5.88%	Halal	Halal	Halal	Halal	Halal
2	MSFT—	5.58%	Halal	Halal	Halal	Halal	Halal
3	AMZN—	4.01%	Halal	Halal	Halal	Halal	Halal
4	FB—	2.32%	Not rated	Not rated	Not rated	Not rated	Not rated
5	GOOGL—	2.01%	Doubtful	Not rated	Not rated	Not rated	Not rated
6	GOOG—	1.97%	Doubtful	Not rated	Not rated	Not rated	Not rated
7	BRK/B—	1.45%	Not rated	Not rated	Not rated	Not rated	Not rated
8	TSLA—	1.43%	Halal	Halal	Halal	Halal	Halal
9	NVDA—	1.38%	Halal	Halal	Halal	Halal	Halal
10	JPM—	1.30%	Not halal	Not halal	Not halal	Not halal	Not halal
11	JNJ—	1.19%	Halal	Halal	Halal	Halal	Halal
12	V—	1.09%	Halal	Not halal	Not halal	Not halal	Not halal
13	UNH—	1.04%	Not halal	Not halal	Not halal	Not halal	Not halal
14	HD—	0.93%	Halal	Halal	Not halal	Not halal	Halal
15	PYPL—	0.93%	Doubtful	Not halal	Not halal	Not halal	Not halal
16	PG—	0.90%	Halal	Halal	Halal	Halal	Halal
17	MA—	0.89%	Doubtful	Not halal	Not halal	Not halal	Not halal
18	DIS—	0.88%	Not halal	Not halal	Not halal	Not halal	Not halal
19	BAC—	0.86%	Not halal	Not halal	Not halal	Not halal	Not halal
20	ADBE—	0.76%	Halal	Halal	Halal	Halal	Halal
21	XOM—	0.73%	Halal	Halal	Halal	Halal	Halal
22	CMCSA—	0.72%	Not halal	Not halal	Not halal	Not halal	Not halal
23	NFLX—	0.65%	Not halal	Not halal	Not halal	Not halal	Not halal
24	VZ—	0.64%	Not halal	Not halal	Not halal	Not halal	Not halal
25	CRM—	0.62%	Halal	Halal	Halal	Halal	Halal
26	CSCO—	0.62%	Halal	Halal	Halal	Halal	Halal
27	INTC—	0.62%	Doubtful	Not rated	Not rated	Not rated	Not rated
28	PFE—	0.61%	Not halal	Not halal	Halal	Halal	Not halal
29	ABT—	0.57%	Halal	Halal	Halal	Halal	Halal
30	KO—	0.57%	Halal	Halal	Not halal	Not halal	Halal
31	T—	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
32	CVX—	0.56%	Halal	Halal	Halal	Halal	Halal
33	PEP—	0.56%	Halal	Halal	Not halal	Not halal	Halal
34	ABBV—	0.55%	Halal	Halal	Not halal	Not halal	Halal
35	NKE—	0.55%	Halal	Halal	Halal	Halal	Halal
36	TMO—	0.55%	Halal	Halal	Not halal	Not halal	Halal
37	MRK—	0.54%	Halal	Halal	Not halal	Not halal	Halal
38	ACN—	0.52%	Doubtful	Not rated	Not rated	Not rated	Not rated
39	AVGO—	0.52%	Halal	Halal	Not halal	Not halal	Halal
40	WMT—	0.52%	Halal	Halal	Halal	Halal	Halal
41	WFC—	0.51%	Not halal	Not halal	Not halal	Not halal	Not halal
42	LLY—	0.50%	Halal	Halal	Not halal	Not halal	Halal
43	COST—	0.48%	Halal	Halal	Halal	Halal	Halal
44	TXN—	0.48%	Halal	Halal	Not halal	Not halal	Halal
45	DHR—	0.47%	Halal	Halal	Halal	Halal	Halal
46	MCD—	0.47%	Halal	Halal	Not halal	Not halal	Halal
47	MDT—	0.46%	Halal	Halal	Halal	Halal	Halal
48	PM—	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
49	QCOM—	0.43%	Halal	Halal	Halal	Halal	Halal
50	HON—	0.42%	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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