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Mackenzie Canadian Large Cap Equity Index ETF

QCE.TO

Mackenzie

Mackenzie Canadian Large Cap Equity Index ETF (QCE.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 98.07%. 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: 98.07%
  • Halal 41.71%
  • Doubtful 0.51%
  • Not halal 55.85%
  • Not rated 1.93%

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
Mackenzie
Venue (where it trades)
Canada
Domicile (where it is registered)
Canada
Reporting currency
CAD
Expense ratio
0.04%
AUM
303.60M CAD
Holdings
58 (58 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

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal41.71%55.85%
DJIMNot halal42.29%55.27%
FTSENot halal32.02%65.54%
MSCINot halal32.02%65.54%
S&PNot halal43.11%54.44%

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 58 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
RY.TORoyal Bank of Canada
9.37%Not halalNot halalNot halalNot halalNot halal
2
TD.TOTORONTO-DOMINION BANK
6.87%Not halalNot halalNot halalNot halalNot halal
3
SHOPSHOPIFY INC - A W/I
6.62%HalalHalalNot halalNot halalHalal
4
BMO.TOBank of Montreal
4.02%Not halalNot halalNot halalNot halalNot halal
5
BNS.TOBank of Nova Scotia
3.84%Not halalNot halalNot halalNot halalNot halal
6
CNQ.TOCANADIAN NATURAL RESOURCE
3.66%HalalHalalHalalHalalHalal
7
CM.TOCAN IMPERIAL BK OF COMMER
3.56%Not halalNot halalNot halalNot halalNot halal
8
ENB.TOEnbridge Inc
3.50%Not halalNot halalNot halalNot halalNot halal
9
SU.TOSuncor Energy Inc
3.05%HalalHalalHalalHalalHalal
10
AEMAgnico Eagle Mines Ltd
2.99%HalalHalalHalalHalalHalal
11
BNBROOKFIELD CORPORATION
2.79%Not halalNot halalNot halalNot halalNot halal
12
CPCANADIAN PACIFIC KANSAS
2.69%HalalHalalHalalHalalHalal
13
MFC.TOManulife Financial Corp
2.54%Not halalNot halalNot halalNot halalNot halal
14
CNR.TOCANADIAN NATL RAILWAY CO
2.24%HalalHalalNot halalNot halalHalal
15
TRP.TOTC Energy Corp
2.16%Not halalNot halalNot halalNot halalNot halal
16
ABX.TOBarrick Mining Corp
2.15%HalalHalalHalalHalalHalal
17
WPMWHEATON PRECIOUS METALS C
1.87%HalalHalalHalalHalalHalal
18
CSU.TOCONSTELLATION SOFTWARE IN
1.62%HalalHalalNot halalNot halalHalal
19
WCNWASTE CONNECTIONS INC CO
1.56%HalalHalalNot halalNot halalHalal
20
SLF.TOSun Life Financial Inc
1.49%Not halalNot halalNot halalNot halalNot halal
21
FNVFranco-Nevada Corp
1.48%HalalHalalHalalHalalHalal
22
CVECenovus Energy Inc
1.41%Not halalNot halalHalalHalalHalal
23
ATD.TOALIMENTATION COUCHE-TARD
1.39%HalalHalalHalalHalalHalal
24
DOL.TODollarama Inc
1.31%HalalHalalNot halalNot halalHalal
25
FFH.TOFAIRFAX FINANCIAL HLDGS L
1.24%Not halalNot halalNot halalNot halalNot halal
26
POW.TOPower Corp of Canada
1.19%Not halalNot halalNot halalNot halalNot halal
27
CCO.TOCameco Corp
1.14%HalalHalalHalalHalalHalal
28
IFC.TOIntact Financial Corp
1.12%Not halalNot halalNot halalNot halalNot halal
29
NTRNutrien Ltd
1.11%Not halalNot halalHalalHalalNot halal
30
CLSCelestica Inc
1.02%HalalHalalHalalHalalHalal
31
FTS.TOFortis Inc
0.98%Not halalNot halalNot halalNot halalNot halal
32
PPL.TOPembina Pipeline Corp
0.96%Not halalNot halalNot halalNot halalNot halal
33
K.TOKinross Gold Corp
0.89%HalalHalalHalalHalalHalal
34
L.TOLoblaw Companies Ltd
0.88%Not halalNot halalNot halalNot halalNot halal
35
TECK-B.TOTECK RESOURCES LTD-CLS B
0.85%HalalHalalHalalHalalHalal
36
QSRRESTAURANT BRANDS INTERN
0.81%Not halalNot halalNot halalNot halalNot halal
37
BAMBROOKFIELD ASSET MGMT-A
0.66%Not halalNot halalNot halalNot halalNot halal
38
BBD-B.TOBOMBARDIER INC-B
0.66%Not halalNot halalNot halalNot halalNot halal
39
IMO.TOImperial Oil Ltd
0.65%HalalHalalHalalHalalHalal
40
BCE.TOBCE Inc
0.65%Not halalNot halalNot halalNot halalNot halal
41
WSP.TOWSP Global Inc
0.59%HalalHalalHalalHalalHalal
42
GWO.TOGreat-West Lifeco Inc
0.58%Not halalNot halalNot halalNot halalNot halal
43
WCP.TOWhitecap Resources Inc
0.58%Not halalHalalHalalHalalNot halal
44
PAASPan American Silver Corp
0.58%HalalHalalHalalHalalHalal
45
TOU.TOTourmaline Oil Corp
0.57%HalalHalalHalalHalalHalal
46
MG.TOMagna International Inc
0.56%Not halalNot halalHalalHalalNot halal
47
FM.TOFIRST QUANTUM MINERALS LT
0.55%Not halalNot halalHalalHalalNot halal
48
TRIThomson Reuters Corp
0.54%HalalHalalHalalHalalHalal
49
RBARB GLOBAL INC.
0.52%HalalHalalNot halalNot halalHalal
50
GIB-A.TOCGI Inc
0.51%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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