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Mackenzie Canadian Equity Index ETF

QCN.TO

Mackenzie

Mackenzie Canadian Equity Index ETF (QCN.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 97.17%. 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: 97.17%
  • Halal 42.47%
  • Doubtful 0.56%
  • Not halal 54.13%
  • Not rated 2.83%

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
6.36B CAD
Holdings
313 (295 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 halal42.47%54.13%
DJIMNot halal43.52%53.15%
FTSENot halal35.42%60.96%
MSCINot halal35.74%61.00%
S&PNot halal44.11%52.64%

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 313 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
RY.TORoyal Bank of Canada
7.58%Not halalNot halalNot halalNot halalNot halal
2
TD.TOTORONTO-DOMINION BANK
5.54%Not halalNot halalNot halalNot halalNot halal
3
SHOPSHOPIFY INC - A W/I
5.54%HalalHalalNot halalNot halalHalal
4
BMO.TOBank of Montreal
3.25%Not halalNot halalNot halalNot halalNot halal
5
BNS.TOBank of Nova Scotia
3.13%Not halalNot halalNot halalNot halalNot halal
6
CNQ.TOCANADIAN NATURAL RESOURCE
2.98%HalalHalalHalalHalalHalal
7
CM.TOCAN IMPERIAL BK OF COMMER
2.88%Not halalNot halalNot halalNot halalNot halal
8
ENB.TOEnbridge Inc
2.83%Not halalNot halalNot halalNot halalNot halal
9
AEMAgnico Eagle Mines Ltd
2.58%HalalHalalHalalHalalHalal
10
SU.TOSuncor Energy Inc
2.52%HalalHalalHalalHalalHalal
11
BNBROOKFIELD CORPORATION
2.22%Not halalNot halalNot halalNot halalNot halal
12
CPCANADIAN PACIFIC KANSAS
2.11%HalalHalalHalalHalalHalal
13
MFC.TOManulife Financial Corp
2.04%Not halalNot halalNot halalNot halalNot halal
14
ABX.TOBarrick Mining Corp
1.83%HalalHalalHalalHalalHalal
15
CNR.TOCANADIAN NATL RAILWAY CO
1.77%HalalHalalNot halalNot halalHalal
16
TRP.TOTC Energy Corp
1.75%Not halalNot halalNot halalNot halalNot halal
17
WPMWHEATON PRECIOUS METALS C
1.62%HalalHalalHalalHalalHalal
18
FNVFranco-Nevada Corp
1.26%HalalHalalHalalHalalHalal
19
CSU.TOCONSTELLATION SOFTWARE IN
1.24%HalalHalalNot halalNot halalHalal
20
SLF.TOSun Life Financial Inc
1.21%Not halalNot halalNot halalNot halalNot halal
21
CVECenovus Energy Inc
1.18%Not halalNot halalHalalHalalHalal
22
WCNWASTE CONNECTIONS INC CO
1.14%HalalHalalNot halalNot halalHalal
23
ATD.TOALIMENTATION COUCHE-TARD
1.11%HalalHalalHalalHalalHalal
24
DOL.TODollarama Inc
1.04%HalalHalalNot halalNot halalHalal
25
FFH.TOFAIRFAX FINANCIAL HLDGS L
0.99%Not halalNot halalNot halalNot halalNot halal
26
CCO.TOCameco Corp
0.96%HalalHalalHalalHalalHalal
27
POW.TOPower Corp of Canada
0.96%Not halalNot halalNot halalNot halalNot halal
28
CLSCelestica Inc
0.94%HalalHalalHalalHalalHalal
29
IFC.TOIntact Financial Corp
0.89%Not halalNot halalNot halalNot halalNot halal
30
NTRNutrien Ltd
0.88%Not halalNot halalHalalHalalNot halal
31
PPL.TOPembina Pipeline Corp
0.79%Not halalNot halalNot halalNot halalNot halal
32
FTS.TOFortis Inc
0.77%Not halalNot halalNot halalNot halalNot halal
33
K.TOKinross Gold Corp
0.76%HalalHalalHalalHalalHalal
34
TECK-B.TOTECK RESOURCES LTD-CLS B
0.73%HalalHalalHalalHalalHalal
35
L.TOLoblaw Companies Ltd
0.69%Not halalNot halalNot halalNot halalNot halal
36
QSRRESTAURANT BRANDS INTERN
0.64%Not halalNot halalNot halalNot halalNot halal
37
BBD-B.TOBOMBARDIER INC-B
0.54%Not halalNot halalNot halalNot halalNot halal
38
IMO.TOImperial Oil Ltd
0.54%HalalHalalHalalHalalHalal
39
BAMBROOKFIELD ASSET MGMT-A
0.52%Not halalNot halalNot halalNot halalNot halal
40
BCE.TOBCE Inc
0.50%Not halalNot halalNot halalNot halalNot halal
41
PAASPan American Silver Corp
0.49%HalalHalalHalalHalalHalal
42
GWO.TOGreat-West Lifeco Inc
0.47%Not halalNot halalNot halalNot halalNot halal
43
FM.TOFIRST QUANTUM MINERALS LT
0.47%Not halalNot halalHalalHalalNot halal
44
WCP.TOWhitecap Resources Inc
0.46%Not halalHalalHalalHalalNot halal
45
TOU.TOTourmaline Oil Corp
0.46%HalalHalalHalalHalalHalal
46
WSP.TOWSP Global Inc
0.45%HalalHalalHalalHalalHalal
47
MG.TOMagna International Inc
0.44%Not halalNot halalHalalHalalNot halal
48
LUN.TOLundin Mining Corp
0.42%HalalHalalHalalHalalHalal
49
TRIThomson Reuters Corp
0.41%HalalHalalHalalHalalHalal
50
RBARB GLOBAL INC.
0.41%HalalHalalNot halalNot halalHalal

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

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