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IQ 50 Percent Hedged FTSE Europe ETF

HFXE

IQ 50 Percent Hedged FTSE Europe ETF (HFXE) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 66.93%. 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: 66.93%
  • Halal 44.61%
  • Doubtful 3.13%
  • Not halal 19.19%
  • Not rated 33.07%

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
0.30%
AUM
8.27M USD
Holdings
181 (87 screened)
Basket as of (provider)
17 Apr 2023
Basket fetched by Akinda
2 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 halal44.61%19.19%
DJIMNot halal42.96%20.37%
FTSENot halal36.90%28.47%
MSCINot halal40.86%24.52%
S&PNot halal43.26%20.07%

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 181 holdings, largest first · basket as of 17 Apr 2023
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
ROGRogers Corporation
7.88%HalalHalalHalalHalalHalal
2
NOVNNovan, Inc.
6.35%Not ratedNot ratedNot ratedNot ratedNot rated
3
AZNAstraZeneca PLC
4.38%HalalHalalHalalHalalHalal
4
ASMLASML Holding N.V.
3.98%HalalHalalHalalHalalHalal
5
SAPSAP SE
3.95%HalalHalalNot halalHalalHalal
6
GSKGlaxoSmithKline plc
3.45%HalalHalalHalalHalalHalal
7
SANBanco Santander, S.A.
3.40%Not halalNot halalNot halalNot halalNot halal
8
MCMoelis & Company
3.18%HalalNot halalNot halalNot halalNot halal
9
BATS—
2.88%Not ratedNot ratedNot ratedNot ratedNot rated
10
ALVAutoliv, Inc.
2.45%HalalHalalHalalHalalHalal
11
OROsisko Gold Royalties Ltd
2.18%HalalHalalHalalHalalHalal
12
BAYN—
2.08%Not ratedNot ratedNot ratedNot ratedNot rated
13
AIC3.ai, Inc.
2.05%Not halalNot ratedNot halalNot halalNot rated
14
RIORio Tinto Group
1.73%HalalHalalHalalHalalHalal
15
SUSuncor Energy Inc.
1.55%HalalHalalHalalHalalHalal
16
ADSAlliance Data Systems Corporation
1.53%Not ratedNot ratedNot ratedNot ratedNot rated
17
BAS—
1.48%Not ratedNot ratedNot ratedNot ratedNot rated
18
DTEDTE Energy Company
1.45%Not halalNot halalNot halalNot halalNot halal
19
DGDollar General Corporation
1.23%HalalHalalHalalHalalHalal
20
VODVodafone Group Plc
1.23%Not halalNot halalNot halalNot halalNot halal
21
ELThe Estée Lauder Companies Inc.
1.15%HalalHalalNot halalNot halalHalal
22
BHPBHP Group
1.13%HalalHalalHalalHalalHalal
23
AIRAAR Corp.
1.08%DoubtfulHalalNot halalNot halalHalal
24
PRUPrudential Financial, Inc.
1.08%Not halalNot halalNot halalNot halalNot halal
25
CSCredit Suisse Group AG
1.05%Not ratedNot ratedNot ratedNot ratedNot rated
26
CFRCullen/Frost Bankers, Inc.
0.98%Not halalNot halalNot halalNot halalNot halal
27
TSCOTractor Supply Company
0.98%HalalHalalHalalHalalHalal
28
DPWAult Global Holdings, Inc.
0.93%Not ratedNot ratedNot ratedNot ratedNot rated
29
SAFSaratoga Investment Corp 6.25%
0.90%Not ratedNot ratedNot ratedNot ratedNot rated
30
CPGCrescent Point Energy Corp.
0.88%Not ratedNot ratedNot ratedNot ratedNot rated
31
ALCAlcon Inc.
0.80%HalalHalalHalalHalalHalal
32
ORAOrmat Technologies, Inc.
0.80%Not halalNot halalNot halalNot halalNot halal
33
ENI—
0.78%Not ratedNot ratedNot ratedNot ratedNot rated
34
ISP—
0.75%Not ratedNot ratedNot ratedNot ratedNot rated
35
CRHCRH plc
0.73%HalalHalalHalalHalalHalal
36
DSMBNY Mellon Strategic Municipal Bond Fund, Inc.
0.73%Not ratedNot ratedNot ratedNot ratedNot rated
37
AALAmerican Airlines Group Inc.
0.70%Not halalNot halalNot halalNot halalNot halal
38
AMSAmerican Shared Hospital Services
0.70%Not halalNot halalHalalHalalNot halal
39
TEFTelefónica, S.A.
0.70%Not halalNot halalNot halalNot halalNot halal
40
BBVABanco Bilbao Vizcaya Argentaria, S.A.
0.65%Not halalNot halalNot halalNot halalNot halal
41
RACEFerrari N.V.
0.65%DoubtfulNot ratedNot ratedNot ratedNot rated
42
GGenpact Limited
0.60%DoubtfulNot ratedNot ratedNot ratedNot rated
43
VIVTelefônica Brasil S.A.
0.58%HalalHalalHalalHalalHalal
44
SSE—
0.53%Not ratedNot ratedNot ratedNot ratedNot rated
45
SANDSandstorm Gold Ltd.
0.50%Not ratedNot ratedNot ratedNot ratedNot rated
46
MRKMerck & Co., Inc.
0.48%HalalHalalNot halalNot halalHalal
47
STMSTMicroelectronics N.V.
0.48%HalalHalalHalalHalalHalal
48
GMABGenmab A/S
0.43%HalalHalalNot halalNot halalHalal
49
EQNREquinor ASA
0.40%Not halalNot halalHalalHalalNot halal
50
TEP—
0.40%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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