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Northern Trust Global Quality Real Estate ETF

GQRE

FlexShares

Northern Trust Global Quality Real Estate ETF (GQRE) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 65.60%. 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: 65.60%
  • Halal 13.13%
  • Doubtful 1.04%
  • Not halal 51.43%
  • Not rated 34.40%

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
FlexShares
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.46%
AUM
426.40M USD
Holdings
138 (70 screened)
Basket as of (provider)
3 Nov 2026
Basket fetched by Akinda
3 Nov 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 halal13.13%51.43%
DJIMNot halal14.17%51.43%
FTSENot halal10.95%54.66%
MSCINot halal11.32%54.28%
S&PNot halal20.89%44.71%

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 138 holdings, largest first · basket as of 3 Nov 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
PLDPROLOGIS INC REIT USD 0.01
6.72%Not halalNot halalNot halalNot halalHalal
2
WELLWELLTOWER INC
5.22%HalalHalalHalalHalalHalal
3
EQIXEQUINIX INC REIT USD 0.001
4.36%HalalHalalNot halalNot halalHalal
4
SPGSIMON PROPERTY GROUP INC REIT USD 0.0001
3.86%Not halalNot halalNot halalNot halalNot halal
5
VICIVICI PROPERTIES INC REIT
3.45%Not halalNot halalNot halalNot halalNot halal
6
EQRVIVMARK RESIDENTIAL REIT USD 0.01
2.67%Not ratedNot ratedNot ratedNot ratedNot rated
7
0016.HKSUN HUNG KAI PROPERTIES LTD COMMON STOCK HKD 0
2.31%Not ratedNot ratedNot ratedNot ratedNot rated
8
HSTHOST HOTELS & RESORTS INC REIT USD 0.01
2.21%Not halalNot halalNot halalNot halalNot halal
9
KIMKIMCO REALTY CORP REIT USD 0.01
2.11%Not halalNot halalNot halalNot halalNot halal
10
WPCWP CAREY INC REIT USD 0.001
1.87%Not halalNot halalNot halalNot halalNot halal
11
OHIOMEGA HEALTHCARE INVESTORS INC REIT USD 0.1
1.82%Not halalNot halalNot halalNot halalNot halal
12
DOCHEALTHPEAK PROPERTIES INC REIT USD 1
1.68%Not halalNot halalNot halalNot halalNot halal
13
AMTAMERICAN TOWER CORP REIT USD 0.01
1.64%Not halalNot halalNot halalNot halalNot halal
14
REGREGENCY CENTERS CORP REIT USD 0.01
1.57%Not halalNot halalNot halalNot halalNot halal
15
8830.TSUMITOMO REALTY & DEVELOPMENT CO LTD COMMON STOCK
1.54%Not ratedNot ratedNot ratedNot ratedNot rated
16
URW.PAUNIBAIL-RODAMCO-WESTFIELD REIT EUR 5
1.41%Not ratedNot ratedNot ratedNot ratedNot rated
17
EGPEASTGROUP PROPERTIES INC REIT USD 0
1.34%HalalHalalHalalHalalHalal
18
1113.HKCK ASSET HOLDINGS LTD COMMON STOCK HKD 1
1.31%Not ratedNot ratedNot ratedNot ratedNot rated
19
AMHAMERICAN HOMES 4 RENT REIT USD 0.01
1.27%Not halalNot halalNot halalNot halalNot halal
20
CPTCAMDEN PROPERTY TRUST REIT USD 0.01
1.20%Not halalNot halalNot halalNot halalNot halal
21
BRXBRIXMOR PROPERTY GROUP INC REIT USD 0.01
1.08%Not halalNot halalNot halalNot halalNot halal
22
LI.PAKLEPIERRE SA REIT EUR 1.4
1.07%Not ratedNot ratedNot ratedNot ratedNot rated
23
PSPN.SWPSP SWISS PROPERTY AG COMMON STOCK CHF 0.1
1.07%Not ratedNot ratedNot ratedNot ratedNot rated
24
CTRECARETRUST REIT INC REIT USD 0.01
1.04%DoubtfulHalalHalalHalalHalal
25
RHPRYMAN HOSPITALITY PROPERTIES INC REIT USD 0.01
1.02%Not halalNot halalNot halalNot halalNot halal
26
H78.SIHONGKONG LAND HOLDINGS LTD COMMON STOCK USD 0.1
1.02%Not ratedNot ratedNot ratedNot ratedNot rated
27
NNNNNN REIT INC REIT USD 0.01
1.00%Not halalNot halalNot halalNot halalNot halal
28
DLRDIGITAL REALTY TRUST INC REIT USD 0.01
0.97%Not halalNot halalNot halalNot halalNot halal
29
FRFIRST INDUSTRIAL REALTY TRUST INC REIT USD 0.01
0.92%Not halalNot halalNot halalNot halalNot halal
30
STAGSTAG INDUSTRIAL INC REIT USD 0.01
0.88%Not halalNot halalNot halalNot halalNot halal
31
TRNOTERRENO REALTY CORP REIT USD 0.01
0.87%HalalHalalHalalHalalHalal
32
VCX.AXVICINITY LTD REIT AUD 0
0.84%Not ratedNot ratedNot ratedNot ratedNot rated
33
AREALEXANDRIA REAL ESTATE EQUITIES INC REIT USD 0.01
0.81%Not halalNot halalNot halalNot halalNot halal
34
1878.TDAITO TRUST CONSTRUCTION CO LTD COMMON STOCK JPY
0.74%Not ratedNot ratedNot ratedNot ratedNot rated
35
VNOVORNADO REALTY LP
0.70%Not halalNot halalNot halalNot halalNot halal
36
MGR.AXMIRVAC GROUP REIT AUD 0
0.66%Not ratedNot ratedNot ratedNot ratedNot rated
37
KRGKITE REALTY GROUP TRUST REIT USD 0.01
0.64%Not halalNot halalNot halalNot halalNot halal
38
SBRASABRA HEALTH CARE REIT INC REIT USD 0.01
0.63%Not halalNot halalNot halalNot halalNot halal
39
CUZCOUSINS PROPERTIES INC REIT USD 1
0.62%Not halalNot halalNot halalNot halalNot halal
40
8953.TJAPAN METROPOLITAN FUND INVEST REIT JPY
0.62%Not ratedNot ratedNot ratedNot ratedNot rated
41
OUTOUTFRONT MEDIA INC REIT USD 0.01
0.61%Not halalNot halalNot halalNot halalNot halal
42
BBOX.LTRITAX BIG BOX REIT PLC REIT GBP 1
0.60%Not halalNot halalHalalHalalNot halal
43
0083.HKSINO LAND CO LTD COMMON STOCK HKD 0
0.60%Not ratedNot ratedNot ratedNot ratedNot rated
44
EPREPR PROPERTIES REIT USD 0.01
0.57%Not halalNot halalNot halalNot halalNot halal
45
3289.TTOKYU FUDOSAN HOLDINGS CORP COMMON STOCK JPY
0.55%Not ratedNot ratedNot ratedNot ratedNot rated
46
SKTTANGER INC REIT USD 0.01
0.54%Not halalNot halalNot halalNot halalNot halal
47
APLEAPPLE HOSPITALITY REIT INC REIT USD 0
0.53%Not halalNot halalHalalHalalNot halal
48
MRPMILLROSE PROPERTIES INC REIT USD 0.01
0.51%Not halalNot halalHalalHalalNot halal
49
CDPCOPT DEFENSE PROPERTIES REIT USD 0.01
0.48%Not halalNot halalNot halalNot halalNot halal
50
KRCKILROY REALTY CORP REIT USD 0.01
0.48%Not halalNot halalNot halalNot halalNot halal

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

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