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Innovator Deepwater Frontier Tech ETF

LOUP

Innovator

Innovator Deepwater Frontier Tech ETF (LOUP) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 93.80%. 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: 93.80%
  • Halal 53.52%
  • Doubtful 12.25%
  • Not halal 28.03%
  • Not rated 6.20%

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
Innovator
Venue (where it trades)
United States
Domicile (where it is registered)
United States
Reporting currency
USD
Expense ratio
0.70%
AUM
180.30M USD
Holdings
30 (28 screened)
Basket as of (provider)
23 Oct 2026
Basket fetched by Akinda
23 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 halal53.52%28.03%
DJIMNot halal56.10%32.03%
FTSENot halal27.77%63.79%
MSCINot halal27.77%63.79%
S&PNot halal56.10%32.03%

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

1–30 of 30 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
VSTVistra Corp
4.67%Not halalNot halalNot halalNot halalNot halal
2
NOWServiceNow Inc
4.00%HalalNot halalNot halalNot halalNot halal
3
CRDOCredo Technology Group Holding Ltd
3.97%HalalHalalNot halalNot halalHalal
4
GLXYGalaxy Digital Inc
3.94%Not halalNot halalNot halalNot halalNot halal
5
LRCXLam Research Corp
3.71%HalalHalalHalalHalalHalal
6
GLBEGlobal-e Online Ltd
3.67%HalalHalalNot halalNot halalHalal
7
SHOPShopify Inc
3.66%HalalHalalNot halalNot halalHalal
8
GTLBGitlab Inc
3.63%HalalHalalNot halalNot halalHalal
9
RBRKRubrik Inc
3.56%HalalHalalNot halalNot halalHalal
10
BBBlackBerry Ltd
3.55%HalalHalalHalalHalalHalal
11
AXONAxon Enterprise Inc
3.54%DoubtfulHalalNot halalNot halalHalal
12
RDDTReddit Inc
3.42%DoubtfulNot ratedNot halalNot halalNot rated
13
NUNU Holdings Ltd/Cayman Islands
3.41%Not halalNot halalNot halalNot halalNot halal
14
CBRSCerebras Systems Inc
3.36%Not halalNot halalNot halalNot halalNot halal
15
DDOGDatadog Inc
3.35%Not halalNot halalNot halalNot halalNot halal
16
TWLOTwilio Inc
3.28%HalalHalalHalalHalalHalal
17
SHA0.DESchaeffler AG
3.28%Not halalNot halalNot halalNot halalNot halal
18
SNOWSnowflake Inc
3.26%HalalHalalNot halalNot halalHalal
19
CCJCameco Corp
3.23%HalalHalalHalalHalalHalal
20
UUnity Software Inc
3.13%Not halalNot halalNot halalNot halalNot halal
21
BESI.ASBE Semiconductor Industries NV
3.10%Not ratedNot ratedNot ratedNot ratedNot rated
22
AVAVAeroVironment Inc
3.05%DoubtfulHalalNot halalNot halalHalal
23
ENR.DESiemens Energy AG
3.04%Not ratedNot ratedNot ratedNot ratedNot rated
24
SNPSSynopsys Inc
3.02%HalalHalalHalalHalalHalal
25
RPI.LRaspberry PI Holdings PLC
3.00%HalalHalalHalalHalalHalal
26
MRVLMARVELL TECHNOLOGY INC
2.90%Not halalNot halalNot halalNot halalNot halal
27
VRTVertiv Holdings Co
2.86%HalalHalalHalalHalalHalal
28
STRLSterling Infrastructure Inc
2.56%HalalHalalHalalHalalHalal
29
SIMOSilicon Motion Technology Corp
2.56%HalalHalalHalalHalalHalal
30
TTMITTM Technologies Inc
2.24%DoubtfulNot 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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