Northern Trust STOXX Global Broad Infrastructure ETF

NFRA

FlexShares

Northern Trust STOXX Global Broad Infrastructure ETF (NFRA) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 57.71%. 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: 57.71%

Halal 20.48%
Doubtful 0.00%
Not halal 37.23%
Not rated 42.29%

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: 0.48%
AUM: 3.06B USD
Holdings: 166 (81 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	20.48%	37.23%
DJIM	Not halal	19.41%	36.90%
FTSE	Not halal	7.73%	49.96%
MSCI	Not halal	7.73%	49.99%
S&P	Not halal	19.46%	36.86%

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 166 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	CP.TOCANADIAN PACIFIC KANSAS CITY LTD COMMON STOCK CAD	3.73%	Halal	Halal	Halal	Halal	Halal
2	CNR.TOCANADIAN NATIONAL RAILWAY CO COMMON STOCK CAD 0	3.24%	Halal	Halal	Not halal	Not halal	Halal
3	DHL.DEDHL AG COMMON STOCK EUR 0	2.85%	Not rated	Not rated	Not rated	Not rated	Not rated
4	9984.TSOFTBANK GROUP CORP COMMON STOCK JPY	2.82%	Not rated	Not rated	Not rated	Not rated	Not rated
5	DTE.DEDEUTSCHE TELEKOM AG COMMON STOCK EUR 0	2.72%	Not rated	Not rated	Not rated	Not rated	Not rated
6	VZVERIZON COMMUNICATIONS INC COMMON STOCK USD 0.1	2.62%	Not halal	Not halal	Not halal	Not halal	Not halal
7	IBE.MCIBERDROLA SA COMMON STOCK EUR 0.75	2.55%	Not rated	Not rated	Not rated	Not rated	Not rated
8	UNPUNION PACIFIC CORP COMMON STOCK USD 2.5	2.48%	Halal	Halal	Not halal	Not halal	Halal
9	NEENEXTERA ENERGY INC COMMON STOCK USD 0.01	2.39%	Not halal	Not halal	Not halal	Not halal	Not halal
10	WCN.TOWASTE CONNECTIONS INC COMMON STOCK	2.18%	Halal	Halal	Not halal	Not halal	Halal
11	TAT&T INC COMMON STOCK USD 1	2.17%	Not halal	Not halal	Not halal	Not halal	Not halal
12	ENB.TOENBRIDGE INC COMMON STOCK CAD 0	1.77%	Not halal	Not halal	Not halal	Not halal	Not halal
13	BHARTIARTL.BOBHARTI AIRTEL LTD COMMON STOCK INR 5	1.66%	Not rated	Not rated	Not rated	Not rated	Not rated
14	9432.TNTT INC COMMON STOCK JPY	1.57%	Not rated	Not rated	Not rated	Not rated	Not rated
15	SOTHE SOUTHERN COMPANY	1.51%	Not halal	Not halal	Not halal	Not halal	Not halal
16	NG.LNATIONAL GRID PLC COMMON STOCK GBP 12.43129	1.46%	Not halal	Not halal	Not halal	Not halal	Not halal
17	TCL.AXTRANSURBAN GROUP STAPLED SECURITY AUD 0	1.43%	Not rated	Not rated	Not rated	Not rated	Not rated
18	9433.TKDDI CORP COMMON STOCK JPY	1.37%	Not rated	Not rated	Not rated	Not rated	Not rated
19	DUKDUKE ENERGY CORP COMMON STOCK USD 0.001	1.37%	Halal	Halal	Halal	Halal	Halal
20	ENEL.MIENEL SPA COMMON STOCK EUR 1	1.35%	Not rated	Not rated	Not rated	Not rated	Not rated
21	CSXCSX CORP COMMON STOCK USD 1	1.34%	Halal	Halal	Not halal	Not halal	Halal
22	EQIXEQUINIX INC REIT USD 0.001	1.31%	Halal	Halal	Not halal	Not halal	Halal
23	WMWASTE MANAGEMENT INC COMMON STOCK USD 0.01	1.25%	Halal	Not rated	Not halal	Not halal	Not rated
24	9020.TEAST JAPAN RAILWAY CO COMMON STOCK JPY	1.24%	Not rated	Not rated	Not rated	Not rated	Not rated
25	WMBWILLIAMS COS INC/THE COMMON STOCK USD 1	1.21%	Not halal	Not halal	Not halal	Not halal	Not halal
26	AMTAMERICAN TOWER CORP REIT USD 0.01	1.19%	Not halal	Not halal	Not halal	Not halal	Not halal
27	CEGCONSTELLATION ENERGY CORP COMMON STOCK USD	1.18%	Halal	Halal	Halal	Halal	Halal
28	9022.TCENTRAL JAPAN RAILWAY CO COMMON STOCK JPY	1.16%	Not rated	Not rated	Not rated	Not rated	Not rated
29	CMCSACOMCAST CORP COMMON STOCK USD 0.01	1.13%	Not halal	Not halal	Not halal	Not halal	Not halal
30	VIE.PAVEOLIA ENVIRONNEMENT SA COMMON STOCK EUR 5	1.11%	Not rated	Not rated	Not rated	Not rated	Not rated
31	TRP.TOTC ENERGY CORP COMMON STOCK CAD 0	1.09%	Not halal	Not halal	Not halal	Not halal	Not halal
32	NSCNORFOLK SOUTHERN CORP COMMON STOCK USD 1	1.07%	Halal	Halal	Not halal	Not halal	Halal
33	TMUST-MOBILE US INC COMMON STOCK USD 0.0001	1.06%	Not halal	Not halal	Not halal	Not halal	Not halal
34	AENA.MCAENA SME SA COMMON STOCK EUR 1	1.02%	Not rated	Not rated	Not rated	Not rated	Not rated
35	AEPAMERICAN ELECTRIC POWER CO INC COMMON STOCK USD	0.99%	Not halal	Not halal	Not halal	Not halal	Not halal
36	FRE.DEFRESENIUS SE & CO KGAA COMMON STOCK EUR 0	0.98%	Not rated	Not rated	Not rated	Not rated	Not rated
37	HCAHCA HEALTHCARE INC COMMON STOCK USD 0.01	0.97%	Not halal	Not halal	Not halal	Not halal	Not halal
38	ICTEFINTERNATIONAL CONTAINER TERMINAL SERVICES INC	0.95%	Not rated	Not rated	Not rated	Not rated	Not rated
39	KMIKINDER MORGAN INC COMMON STOCK USD 0.01	0.93%	Not halal	Not halal	Not halal	Not halal	Not halal
40	TRGPTARGA RESOURCES CORP COMMON STOCK USD 0.001	0.87%	Not halal	Not halal	Not halal	Not halal	Not halal
41	ENGI.PAENGIE SA COMMON STOCK EUR 1	0.86%	Not rated	Not rated	Not rated	Not rated	Not rated
42	DLRDIGITAL REALTY TRUST INC REIT USD 0.01	0.84%	Not halal	Not halal	Not halal	Not halal	Not halal
43	OKEONEOK INC COMMON STOCK USD 0.01	0.83%	Not halal	Not halal	Not halal	Not halal	Not halal
44	LNGCHENIERE ENERGY INC COMMON STOCK USD 0.003	0.82%	Not halal	Not halal	Not halal	Not halal	Not halal
45	DDOMINION ENERGY INC COMMON STOCK USD 0	0.81%	Not halal	Not halal	Not halal	Not halal	Not halal
46	ADANIPORTS.BOADANI PORTS & SPECIAL ECONOMIC ZONE LTD COMMON	0.79%	Not rated	Not rated	Not rated	Not rated	Not rated
47	EOAN.DEE.ON SE COMMON STOCK EUR 0	0.78%	Not rated	Not rated	Not rated	Not rated	Not rated
48	SRESEMPRA COMMON STOCK USD 0	0.78%	Not halal	Not halal	Halal	Halal	Not halal
49	RWE.DERWE AG COMMON STOCK EUR 0	0.76%	Not rated	Not rated	Not rated	Not rated	Not rated
50	SSE.LSSE PLC COMMON STOCK GBP 50	0.71%	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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