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Evolve FANGMA Index ETF

TECH.TO

Evolve

Evolve FANGMA Index ETF (TECH.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 100.00%. 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: 100.00%
  • Halal 68.03%
  • Doubtful 16.18%
  • Not halal 15.79%
  • Not rated 0.00%

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
Evolve
Venue (where it trades)
Canada
Domicile (where it is registered)
Canada
Reporting currency
CAD
Expense ratio
0.40%
AUM
110.05M CAD
Holdings
6 (6 screened)
Basket as of (provider)
28 Oct 2026
Basket fetched by Akinda
28 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 halal68.03%15.79%
DJIMNot halal68.03%15.79%
FTSENot halal68.03%15.79%
MSCINot halal68.03%15.79%
S&PNot halal68.03%15.79%

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

1–6 of 6 holdings, largest first · basket as of 28 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
MSFTMicrosoft Corp
17.58%HalalHalalHalalHalalHalal
2
AAPLApple Inc
17.54%HalalHalalHalalHalalHalal
3
AMZNAmazon.com Inc
17.40%HalalHalalHalalHalalHalal
4
GOOGLAlphabet Inc
16.18%DoubtfulNot ratedNot ratedNot ratedNot rated
5
NFLXNetflix Inc
15.79%Not halalNot halalNot halalNot halalNot halal
6
METAMeta Platforms Inc
15.52%HalalHalalHalalHalalHalal

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

How Akinda screens funds and stocks