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Global X S&P/TSX Capped Financials Index Corporate Class ETF

HXF.TO

Global X

Global X S&P/TSX Capped Financials Index Corporate Class ETF (HXF.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 72.76%. 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: 72.76%
  • Halal 0.00%
  • Doubtful 0.00%
  • Not halal 72.76%
  • Not rated 27.24%

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
Global X
Venue (where it trades)
Canada
Domicile (where it is registered)
Canada
Reporting currency
CAD
Expense ratio
0.28%
AUM
135.11M CAD
Holdings
9 (9 screened)
Basket as of (provider)
1 Nov 2026
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 halal0.00%72.76%
DJIMNot halal0.00%72.76%
FTSENot halal0.00%72.76%
MSCINot halal0.00%72.76%
S&PNot halal0.00%72.76%

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

1–9 of 9 holdings, largest first · basket as of 1 Nov 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
BMO.TOBANK OF MONTREAL
9.67%Not halalNot halalNot halalNot halalNot halal
2
BKUTBANK OF NOVA SCOTIA/THE
9.15%Not halalNot halalNot halalNot halalNot halal
3
CM.TOCANADIAN IMPERIAL BANK OF COMM
8.30%Not halalNot halalNot halalNot halalNot halal
4
BN.TOBROOKFIELD CORP
6.44%Not halalNot halalNot halalNot halalNot halal
5
MFC.TOMANULIFE FINANCIAL CORP
5.85%Not halalNot halalNot halalNot halalNot halal
6
NA.TONATIONAL BANK OF CANADA
4.52%Not halalNot halalNot halalNot halalNot halal
7
SLF.TOSUN LIFE FINANCIAL INC
3.59%Not halalNot halalNot halalNot halalNot halal
8
POW.TOPOWER CORP OF CANADA
2.72%Not halalNot halalNot halalNot halalNot halal
9
RY.TOROYAL BANK OF CANADA
22.52%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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