Impact Shares NAACP Minority Empowerment ETF

NACP

Impact Shares

Impact Shares NAACP Minority Empowerment ETF (NACP) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.77%. 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: 99.77%

Halal 67.89%
Doubtful 13.37%
Not halal 18.51%
Not rated 0.23%

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: Impact Shares
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.49%
AUM: 74.07M USD
Holdings: 200 (199 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

Rulebook	Verdict	Halal	Not halal
Akinda fund screen (AAOIFI)	Not halal	67.89%	18.51%
DJIM	Not halal	68.69%	21.57%
FTSE	Not halal	57.05%	34.40%
MSCI	Not halal	57.05%	34.40%
S&P	Not halal	69.02%	21.24%

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 200 holdings, largest first · basket as of 23 Oct 2026

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	MSFTMicrosoft Corp	4.92%	Halal	Halal	Halal	Halal	Halal
2	AMZNAmazon.com Inc	4.90%	Halal	Halal	Halal	Halal	Halal
3	NVDANVIDIA Corp	4.66%	Halal	Halal	Halal	Halal	Halal
4	AMDAdvanced Micro Devices Inc	4.23%	Halal	Halal	Halal	Halal	Halal
5	GOOGLAlphabet Inc	4.06%	Doubtful	Not rated	Not rated	Not rated	Not rated
6	TSLATesla Inc	4.04%	Halal	Halal	Halal	Halal	Halal
7	METAMeta Platforms Inc	3.49%	Halal	Halal	Halal	Halal	Halal
8	MUMicron Technology Inc	3.42%	Halal	Halal	Halal	Halal	Halal
9	JPMJPMORGAN CHASE & CO.	2.33%	Not halal	Not halal	Not halal	Not halal	Not halal
10	CSCOCisco Systems Inc	2.17%	Halal	Halal	Halal	Halal	Halal
11	XOMExxonMobil Holdings Corp	1.94%	Halal	Halal	Halal	Halal	Halal
12	INTCIntel Corp	1.91%	Doubtful	Not rated	Not rated	Not rated	Not rated
13	VVisa Inc	1.87%	Halal	Not halal	Not halal	Not halal	Not halal
14	PANWPalo Alto Networks Inc	1.72%	Halal	Halal	Halal	Halal	Halal
15	JNJJohnson & Johnson	1.64%	Halal	Halal	Halal	Halal	Halal
16	AMATApplied Materials Inc	1.56%	Halal	Halal	Halal	Halal	Halal
17	LRCXLam Research Corp	1.46%	Halal	Halal	Halal	Halal	Halal
18	WMTWalmart Inc	1.36%	Halal	Halal	Halal	Halal	Halal
19	MAMastercard Inc	1.36%	Doubtful	Not halal	Not halal	Not halal	Not halal
20	TXNTexas Instruments Inc	1.33%	Halal	Halal	Not halal	Not halal	Halal
21	ABBVAbbVie Inc	1.32%	Halal	Halal	Not halal	Not halal	Halal
22	IBMInternational Business Machines Corp	1.23%	Doubtful	Not rated	Not halal	Not halal	Not rated
23	CVXChevron Corp	1.10%	Halal	Halal	Halal	Halal	Halal
24	ORCLOracle Corp	1.04%	Halal	Halal	Not halal	Not halal	Halal
25	CRMSalesforce Inc	1.03%	Halal	Halal	Halal	Halal	Halal
26	KOCoca-Cola Co/The	0.98%	Halal	Halal	Not halal	Not halal	Halal
27	UNHUnitedHealth Group Inc	0.98%	Not halal	Not halal	Not halal	Not halal	Not halal
28	ADIAnalog Devices Inc	0.98%	Halal	Halal	Halal	Halal	Halal
29	QCOMQUALCOMM Inc	0.96%	Halal	Halal	Halal	Halal	Halal
30	KLACKLA CORP	0.94%	Halal	Halal	Halal	Halal	Halal
31	MRKMerck & Co Inc	0.94%	Halal	Halal	Not halal	Not halal	Halal
32	BACBank of America Corp	0.86%	Not halal	Not halal	Not halal	Not halal	Not halal
33	ACNAccenture PLC	0.83%	Doubtful	Not rated	Not rated	Not rated	Not rated
34	GEGE AEROSPACE	0.79%	Doubtful	Halal	Not halal	Not halal	Halal
35	UBERUber Technologies Inc	0.70%	Halal	Halal	Halal	Halal	Halal
36	TMOThermo Fisher Scientific Inc	0.66%	Halal	Halal	Not halal	Not halal	Halal
37	MSMorgan Stanley	0.56%	Not halal	Not halal	Not halal	Not halal	Not halal
38	GEVGE Vernova Inc	0.55%	Halal	Halal	Halal	Halal	Halal
39	CCitigroup Inc	0.52%	Not halal	Not halal	Not halal	Not halal	Not halal
40	PEPPepsiCo Inc	0.51%	Halal	Halal	Not halal	Not halal	Halal
41	GILDGilead Sciences Inc	0.50%	Halal	Halal	Not halal	Not halal	Halal
42	VZVerizon Communications Inc	0.49%	Not halal	Not halal	Not halal	Not halal	Not halal
43	UNPUnion Pacific Corp	0.48%	Halal	Halal	Not halal	Not halal	Halal
44	ABTAbbott Laboratories	0.47%	Halal	Halal	Halal	Halal	Halal
45	PFEPfizer Inc	0.46%	Not halal	Not halal	Halal	Halal	Not halal
46	COPConocoPhillips	0.45%	Halal	Halal	Halal	Halal	Halal
47	WELLWelltower Inc	0.45%	Halal	Halal	Halal	Halal	Halal
48	NEENextEra Energy Inc	0.44%	Not halal	Not halal	Not halal	Not halal	Not halal
49	LOWLowe's Cos Inc	0.42%	Not halal	Halal	Not halal	Not halal	Halal
50	TAT&T Inc	0.41%	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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