North Square Disciplined Value ETF

NSIV

North Square

North Square Disciplined Value ETF (NSIV) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 96.97%. 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: 96.97%

Halal 32.21%
Doubtful 5.48%
Not halal 59.28%
Not rated 3.03%

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: North Square
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.38%
AUM: 73.99M USD
Holdings: 53 (53 screened)
Basket as of (provider): 23 Oct 2026
Basket fetched by Akinda: 26 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	32.21%	59.28%
DJIM	Not halal	36.37%	57.41%
FTSE	Not halal	35.88%	57.90%
MSCI	Not halal	37.06%	56.72%
S&P	Not halal	36.37%	56.19%

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 53 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	VZVerizon Communications, Inc.	3.47%	Not halal	Not halal	Not halal	Not halal	Not halal
2	USBUS Bancorp	3.33%	Not halal	Not halal	Not halal	Not halal	Not halal
3	PFEPfizer, Inc.	3.32%	Not halal	Not halal	Halal	Halal	Not halal
4	SHELShell plc	3.23%	Not halal	Not halal	Halal	Halal	Not halal
5	AMZNAmazon.com, Inc.	3.16%	Halal	Halal	Halal	Halal	Halal
6	MSFTMicrosoft Corporation	3.11%	Halal	Halal	Halal	Halal	Halal
7	HIGHartford Insurance Group, Inc. (The)	2.95%	Not halal	Not halal	Not halal	Not halal	Not halal
8	MOAltria Group, Inc.	2.87%	Not halal	Not halal	Not halal	Not halal	Not halal
9	ABBVAbbVie, Inc.	2.81%	Halal	Halal	Not halal	Not halal	Halal
10	CCitigroup, Inc.	2.59%	Not halal	Not halal	Not halal	Not halal	Not halal
11	JPMJPMorgan Chase & Company	2.49%	Not halal	Not halal	Not halal	Not halal	Not halal
12	CICigna Group (The)	2.48%	Not halal	Not halal	Not halal	Not halal	Not halal
13	AAPLApple, Inc.	2.44%	Halal	Halal	Halal	Halal	Halal
14	EOGEOG Resources, Inc.	2.35%	Halal	Halal	Halal	Halal	Halal
15	GDGeneral Dynamics Corporation	2.28%	Doubtful	Halal	Not halal	Not halal	Halal
16	GOOGAlphabet, Inc.	2.26%	Doubtful	Not rated	Not rated	Not rated	Not rated
17	SSNCSS&C Technologies Holdings, Inc.	2.24%	Not halal	Not halal	Not halal	Not halal	Not halal
18	AMPAmeriprise Financial, Inc.	2.22%	Not halal	Not halal	Not halal	Not halal	Not halal
19	CMICummins, Inc.	2.22%	Halal	Halal	Halal	Halal	Halal
20	SYFSynchrony Financial	2.16%	Not halal	Not halal	Not halal	Not halal	Not halal
21	DALDelta Air Lines, Inc.	2.08%	Not halal	Not halal	Halal	Halal	Not halal
22	GMGeneral Motors Company	2.01%	Not halal	Not halal	Not halal	Not halal	Not halal
23	CVXChevron Corporation	1.87%	Halal	Halal	Halal	Halal	Halal
24	GSGoldman Sachs Group, Inc. (The)	1.86%	Not halal	Not halal	Not halal	Not halal	Not halal
25	CRMSalesforce, Inc.	1.84%	Halal	Halal	Halal	Halal	Halal
26	BMYBristol-Myers Squibb Company	1.77%	Not halal	Not halal	Not halal	Not halal	Not halal
27	SPGSimon Property Group, Inc.	1.72%	Not halal	Not halal	Not halal	Not halal	Not halal
28	ANTMElevance Health, Inc.	1.68%	Not halal	Not halal	Not halal	Not halal	Not halal
29	DGDollar General Corporation	1.54%	Halal	Halal	Halal	Halal	Halal
30	NUENucor Corporation	1.50%	Halal	Halal	Halal	Halal	Halal
31	CCEPCoca-Cola Europacific Partners plc	1.44%	Not halal	Not halal	Not halal	Not halal	Not halal
32	BNYBank of New York Mellon Corporation (The)	1.41%	Not halal	Not halal	Not halal	Not halal	Not halal
33	EIXEdison International	1.39%	Not halal	Not halal	Not halal	Not halal	Not halal
34	VLOValero Energy Corporation	1.33%	Halal	Halal	Halal	Halal	Halal
35	METMetLife, Inc.	1.31%	Not halal	Not halal	Not halal	Not halal	Not halal
36	FOXAFox Corporation	1.29%	Not halal	Not halal	Not halal	Not halal	Not halal
37	NXPINXP Semiconductors N.V.	1.24%	Halal	Halal	Not halal	Not halal	Halal
38	ZMZoom Communications, Inc.	1.22%	Not halal	Not halal	Not halal	Not halal	Not rated
39	AVTAvnet, Inc.	1.22%	Not halal	Not halal	Halal	Halal	Not halal
40	NVDANVIDIA Corporation	1.19%	Halal	Halal	Halal	Halal	Halal
41	ARWArrow Electronics, Inc.	1.18%	Not halal	Not halal	Not halal	Halal	Not halal
42	REGNRegeneron Pharmaceuticals, Inc.	1.18%	Halal	Halal	Halal	Halal	Halal
43	URIUnited Rentals, Inc.	1.17%	Not halal	Halal	Not halal	Not halal	Halal
44	NTAPNetApp, Inc.	1.02%	Halal	Halal	Not halal	Not halal	Halal
45	EXCExelon Corporation	1.02%	Not halal	Not halal	Not halal	Not halal	Not halal
46	INTUIntuit, Inc.	0.93%	Doubtful	Not rated	Not rated	Not rated	Not rated
47	CATCaterpillar, Inc.	0.92%	Halal	Halal	Not halal	Not halal	Halal
48	TPRTapestry, Inc.	0.90%	Halal	Halal	Not halal	Not halal	Halal
49	VICIVICI Properties, Inc.	0.84%	Not halal	Not halal	Not halal	Not halal	Not halal
50	CFCF Industries Holdings, Inc.	0.81%	Halal	Halal	Halal	Halal	Halal

Not rated means we hold no usable verdict for that company; it is never treated as compliant.

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