Northern Trust US Quality Large Cap ETF

QLC

FlexShares

Northern Trust US Quality Large Cap ETF (QLC) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 97.78%. 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: 97.78%

Halal 53.40%
Doubtful 12.10%
Not halal 32.28%
Not rated 2.22%

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: 0.26%
AUM: 1.13B USD
Holdings: 156 (152 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	53.40%	32.28%
DJIM	Not halal	56.00%	32.34%
FTSE	Not halal	45.81%	44.33%
MSCI	Not halal	46.64%	43.50%
S&P	Not halal	56.61%	31.38%

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 156 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	NVDANVIDIA CORP COMMON STOCK USD 0.001	7.46%	Halal	Halal	Halal	Halal	Halal
2	AAPLAPPLE INC COMMON STOCK USD 0.00001	6.18%	Halal	Halal	Halal	Halal	Halal
3	MSFTMICROSOFT CORP COMMON STOCK USD 0.00000625	4.11%	Halal	Halal	Halal	Halal	Halal
4	GOOGLALPHABET INC-CL A - COMMON STOCK USD 0.001	3.70%	Doubtful	Not rated	Not rated	Not rated	Not rated
5	GOOGALPHABET INC-CL C - COMMON STOCK USD 0.001	3.26%	Doubtful	Not rated	Not rated	Not rated	Not rated
6	AMZNAMAZON.COM INC COMMON STOCK USD 0.01	2.43%	Halal	Halal	Halal	Halal	Halal
7	AVGOBROADCOM INC COMMON STOCK USD	2.42%	Halal	Halal	Not halal	Not halal	Halal
8	JPMJPMORGAN CHASE & CO COMMON STOCK USD 1	1.87%	Not halal	Not halal	Not halal	Not halal	Not halal
9	JNJJOHNSON & JOHNSON COMMON STOCK USD 1	1.85%	Halal	Halal	Halal	Halal	Halal
10	MUMICRON TECHNOLOGY INC COMMON STOCK USD 0.1	1.80%	Halal	Halal	Halal	Halal	Halal
11	METAMETA PLATFORMS INC COMMON STOCK USD 0.000006	1.62%	Halal	Halal	Halal	Halal	Halal
12	GSGOLDMAN SACHS GROUP INC/THE COMMON STOCK USD 0.01	1.49%	Not halal	Not halal	Not halal	Not halal	Not halal
13	CCITIGROUP INC COMMON STOCK USD 0.01	1.48%	Not halal	Not halal	Not halal	Not halal	Not halal
14	BRK-BBERKSHIRE HATHAWAY INC COMMON STOCK USD 0.0033	1.37%	Not halal	Not halal	Not halal	Not halal	Not halal
15	LLYELI LILLY AND COMPANY	1.26%	Halal	Halal	Not halal	Not halal	Halal
16	BACBANK OF AMERICA CORP COMMON STOCK USD 0.01	1.20%	Not halal	Not halal	Not halal	Not halal	Not halal
17	MPCMARATHON PETROLEUM CORP COMMON STOCK USD 0.01	0.99%	Not halal	Not halal	Not halal	Not halal	Not halal
18	GEGENERAL ELECTRIC CO	0.98%	Doubtful	Halal	Not halal	Not halal	Halal
19	BMYBRISTOL-MYERS SQUIBB CO COMMON STOCK USD 0.1	0.96%	Not halal	Not halal	Not halal	Not halal	Not halal
20	MOALTRIA GROUP INC COMMON STOCK USD 0.333	0.95%	Not halal	Not halal	Not halal	Not halal	Not halal
21	VLOVALERO ENERGY CORP COMMON STOCK USD 0.01	0.92%	Halal	Halal	Halal	Halal	Halal
22	LMTLOCKHEED MARTIN CORP COMMON STOCK USD 1	0.91%	Doubtful	Halal	Not halal	Not halal	Halal
23	NEMNEWMONT CORP COMMON STOCK USD 1.6	0.89%	Halal	Halal	Halal	Halal	Halal
24	CVSCVS HEALTH CORP COMMON STOCK USD 0.01	0.87%	Not halal	Not halal	Not halal	Not halal	Not halal
25	KLACKLA CORP COMMON STOCK USD 0.001	0.87%	Halal	Halal	Halal	Halal	Halal
26	AMATAPPLIED MATERIALS INC COMMON STOCK USD 0.01	0.84%	Halal	Halal	Halal	Halal	Halal
27	DELLDELL TECHNOLOGIES INC COMMON STOCK USD	0.83%	Not halal	Halal	Halal	Halal	Halal
28	CSCOCISCO SYSTEMS INC COMMON STOCK USD 0.001	0.82%	Halal	Halal	Halal	Halal	Halal
29	ADBEADOBE INC COMMON STOCK USD 0.0001	0.81%	Halal	Halal	Halal	Halal	Halal
30	LRCXLAM RESEARCH CORP COMMON STOCK USD 0.001	0.75%	Halal	Halal	Halal	Halal	Halal
31	BNYBANK OF NEW YORK MELLON CORP/THE COMMON STOCK USD	0.73%	Not halal	Not halal	Not halal	Not halal	Not halal
32	AMDADVANCED MICRO DEVICES INC COMMON STOCK USD 0.01	0.69%	Halal	Halal	Halal	Halal	Halal
33	MSMORGAN STANLEY DEAN WITTER & CO.	0.69%	Not halal	Not halal	Not halal	Not halal	Not halal
34	EBAYEBAY INC COMMON STOCK USD 0.001	0.69%	Doubtful	Not rated	Not halal	Not halal	Not rated
35	DINOHF SINCLAIR CORP COMMON STOCK USD	0.68%	Halal	Halal	Halal	Halal	Halal
36	EOGEOG RESOURCES INC COMMON STOCK USD 0.01	0.66%	Halal	Halal	Halal	Halal	Halal
37	STXSEAGATE TECHNOLOGY HOLDINGS PLC COMMON STOCK USD	0.65%	Halal	Halal	Not halal	Not halal	Halal
38	AMGNAMGEN INC COMMON STOCK USD 0.0001	0.63%	Not halal	Not halal	Not halal	Not halal	Not halal
39	NTAPNETAPP INC COMMON STOCK USD 0.001	0.62%	Halal	Halal	Not halal	Not halal	Halal
40	CNCCENTENE CORP COMMON STOCK USD 0.001	0.61%	Not halal	Not halal	Not halal	Not halal	Not halal
41	TGTTARGET CORP COMMON STOCK USD 0.0833	0.61%	Halal	Not halal	Halal	Halal	Halal
42	EDCONSOLIDATED EDISON COMPANY OF NEW YORK INC.	0.60%	Not halal	Not halal	Not halal	Not halal	Not halal
43	BBYBEST BUY CO INC COMMON STOCK USD 0.1	0.60%	Halal	Halal	Halal	Halal	Halal
44	CATCATERPILLAR INC COMMON STOCK USD 1	0.59%	Halal	Halal	Not halal	Not halal	Halal
45	HSTHOST HOTELS & RESORTS INC REIT USD 0.01	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
46	TAT&T INC COMMON STOCK USD 1	0.57%	Not halal	Not halal	Not halal	Not halal	Not halal
47	EXPDEXPEDITORS INTERNATIONAL OF WASHINGTON INC COMMON	0.57%	Halal	Not halal	Not halal	Not halal	Not halal
48	GILDGILEAD SCIENCES INC COMMON STOCK USD 0.001	0.57%	Halal	Halal	Not halal	Not halal	Halal
49	GMGENERAL MOTORS CO COMMON STOCK USD 0.01	0.56%	Not halal	Not halal	Not halal	Not halal	Not halal
50	ITWILLINOIS TOOL WORKS INC COMMON STOCK USD 0.01	0.55%	Halal	Halal	Not halal	Not halal	Halal

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

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