Northern Trust US Equity ETF

NOEQ

FlexShares

Northern Trust US Equity ETF (NOEQ) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 64.97%. 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: 64.97%

Halal 42.73%
Doubtful 12.18%
Not halal 10.07%
Not rated 35.03%

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: 0.12%
AUM: 875.11M USD
Holdings: 408 (386 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	42.73%	10.07%
DJIM	Not halal	44.34%	13.21%
FTSE	Not halal	32.64%	25.13%
MSCI	Not halal	32.65%	25.12%
S&P	Not halal	44.40%	13.14%

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 408 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	GOOGALPHABET INC-CL C - COMMON STOCK USD 0.001	5.69%	Doubtful	Not rated	Not rated	Not rated	Not rated
2	AMZNAMAZON.COM INC COMMON STOCK USD 0.01	4.50%	Halal	Halal	Halal	Halal	Halal
3	JNJJOHNSON & JOHNSON COMMON STOCK USD 1	4.11%	Halal	Halal	Halal	Halal	Halal
4	XLCSTATE STREET COMMUNICATION SERVICES SELECT SECTOR	3.85%	Not rated	Not rated	Not rated	Not rated	Not rated
5	AAPLAPPLE INC COMMON STOCK USD 0.00001	3.67%	Halal	Halal	Halal	Halal	Halal
6	LLYELI LILLY AND COMPANY	3.60%	Halal	Halal	Not halal	Not halal	Halal
7	NVDANVIDIA CORP COMMON STOCK USD 0.001	3.40%	Halal	Halal	Halal	Halal	Halal
8	XOMEXXONMOBIL HOLDINGS CORP COMMON STOCK USD	3.13%	Halal	Halal	Halal	Halal	Halal
9	MRKMERCK & CO INC COMMON STOCK USD 0.5	2.99%	Halal	Halal	Not halal	Not halal	Halal
10	CVXCHEVRON CORP COMMON STOCK USD 0.75	2.83%	Halal	Halal	Halal	Halal	Halal
11	MSFTMICROSOFT CORP COMMON STOCK USD 0.00000625	2.68%	Halal	Halal	Halal	Halal	Halal
12	BABOEING CO/THE COMMON STOCK USD 5	2.41%	Not halal	Not halal	Not halal	Not halal	Not halal
13	GEGENERAL ELECTRIC CO	2.08%	Doubtful	Halal	Not halal	Not halal	Halal
14	MCOMOODY'S CORP COMMON STOCK USD 0.01	2.05%	Doubtful	Not halal	Not halal	Not halal	Not halal
15	GEVGE VERNOVA INC COMMON STOCK USD 0.01	1.44%	Halal	Halal	Halal	Halal	Halal
16	SPYSTATE STREET SPDR S&P 500 ETF TRUST ETP USD 0	14.01%	Not rated	Not rated	Not rated	Not rated	Not rated
17	VGTVANGUARD INFORMATION TECHNOLOGY ETF ETP USD	13.76%	Not rated	Not rated	Not rated	Not rated	Not rated
18	INTCINTEL CORP COMMON STOCK USD 0.001	1.31%	Doubtful	Not rated	Not rated	Not rated	Not rated
19	TSLATESLA INC COMMON STOCK USD 0.001	1.27%	Halal	Halal	Halal	Halal	Halal
20	AVGOBROADCOM INC COMMON STOCK USD	1.12%	Halal	Halal	Not halal	Not halal	Halal
21	DISTHE WALT DISNEY COMPANY	0.95%	Not halal	Not halal	Not halal	Not halal	Not halal
22	JPMJPMORGAN CHASE & CO COMMON STOCK USD 1	0.91%	Not halal	Not halal	Not halal	Not halal	Not halal
23	IWMISHARES RUSSELL 2000 ETF ETP USD	0.90%	Not rated	Not rated	Not rated	Not rated	Not rated
24	BRK-BBERKSHIRE HATHAWAY INC COMMON STOCK USD 0.0033	0.84%	Not halal	Not halal	Not halal	Not halal	Not halal
25	METAMETA PLATFORMS INC COMMON STOCK USD 0.000006	0.82%	Halal	Halal	Halal	Halal	Halal
26	RSPINVESCO S&P 500 EQUAL WEIGHT ETF ETP USD	0.74%	Not rated	Not rated	Not rated	Not rated	Not rated
27	VVISA INC COMMON STOCK USD 0.0001	0.67%	Halal	Not halal	Not halal	Not halal	Not halal
28	RPGINVESCO S&P 500 PURE GROWTH ETF ETP USD	0.64%	Not rated	Not rated	Not rated	Not rated	Not rated
29	MUMICRON TECHNOLOGY INC COMMON STOCK USD 0.1	0.60%	Halal	Halal	Halal	Halal	Halal
30	AMDADVANCED MICRO DEVICES INC COMMON STOCK USD 0.01	0.58%	Halal	Halal	Halal	Halal	Halal
31	MAMASTERCARD INC COMMON STOCK USD 0.0001	0.46%	Doubtful	Not halal	Not halal	Not halal	Not halal
32	BAXBAXTER INTERNATIONAL INC COMMON STOCK USD 1	0.45%	Not halal	Not halal	Not halal	Not halal	Not halal
33	CATCATERPILLAR INC COMMON STOCK USD 1	0.34%	Halal	Halal	Not halal	Not halal	Halal
34	SOLVSOLVENTUM CORP COMMON STOCK USD	0.28%	Not halal	Not halal	Not halal	Not halal	Not halal
35	HDHOME DEPOT INC/THE COMMON STOCK USD 0.05	0.28%	Halal	Halal	Not halal	Not halal	Halal
36	WMTWALMART INC COMMON STOCK USD 0.1	0.28%	Halal	Halal	Halal	Halal	Halal
37	CARRCARRIER GLOBAL CORP COMMON STOCK USD 0.01	0.27%	Halal	Halal	Halal	Halal	Halal
38	UNHUNITEDHEALTH GROUP INC COMMON STOCK USD 0.01	0.26%	Not halal	Not halal	Not halal	Not halal	Not halal
39	COSTCOSTCO WHOLESALE CORP COMMON STOCK USD 0.005	0.26%	Halal	Halal	Halal	Halal	Halal
40	BACBANK OF AMERICA CORP COMMON STOCK USD 0.01	0.24%	Not halal	Not halal	Not halal	Not halal	Not halal
41	KOTHE COCA-COLA COMPANY COMMON STOCK USD 0.25	0.21%	Halal	Halal	Not halal	Not halal	Halal
42	PLTRPALANTIR TECHNOLOGIES INC COMMON STOCK USD 0.001	0.21%	Doubtful	Not rated	Not halal	Not halal	Not rated
43	PGTHE PROCTER & GAMBLE COMPANY.	0.21%	Halal	Halal	Halal	Halal	Halal
44	LIN.DELINDE PLC COMMON STOCK EUR 0.001	0.20%	Not rated	Not rated	Not rated	Not rated	Not rated
45	CSCOCISCO SYSTEMS INC COMMON STOCK USD 0.001	0.19%	Halal	Halal	Halal	Halal	Halal
46	OTISOTIS WORLDWIDE CORP COMMON STOCK USD 0.01	0.18%	Halal	Halal	Not halal	Not halal	Halal
47	GSGOLDMAN SACHS GROUP INC/THE COMMON STOCK USD 0.01	0.17%	Not halal	Not halal	Not halal	Not halal	Not halal
48	AMATAPPLIED MATERIALS INC COMMON STOCK USD 0.01	0.17%	Halal	Halal	Halal	Halal	Halal
49	GEHCGE HEALTHCARE TECHNOLOGIES INC COMMON STOCK USD	0.17%	Halal	Halal	Halal	Halal	Halal
50	MPCMARATHON PETROLEUM CORP COMMON STOCK USD 0.01	0.15%	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.

How Akinda screens funds and stocks