GraniteShares XOUT U.S. Large Cap ETF

XOUT

GraniteShares

GraniteShares XOUT U.S. Large Cap ETF (XOUT) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 91.94%. 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: 91.94%

Halal 61.10%
Doubtful 14.21%
Not halal 16.63%
Not rated 8.06%

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: GraniteShares
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 1.50%
AUM: 50.85M USD
Holdings: 252 (220 screened)
Basket as of (provider): 17 Apr 2023
Basket fetched by Akinda: 23 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	61.10%	16.63%
DJIM	Not halal	60.80%	20.53%
FTSE	Not halal	48.62%	33.14%
MSCI	Not halal	48.62%	33.14%
S&P	Not halal	61.25%	19.30%

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 252 holdings, largest first · basket as of 17 Apr 2023

No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
No.	Holding	Weight	Akinda (AAOIFI)	DJIM	FTSE	MSCI	S&P
1	AAPLApple Inc.	8.58%	Halal	Halal	Halal	Halal	Halal
2	MSFTMicrosoft Corporation	7.73%	Halal	Halal	Halal	Halal	Halal
3	AMZNAmazon.com, Inc.	6.91%	Halal	Halal	Halal	Halal	Halal
4	GOOGLAlphabet Inc.	6.61%	Doubtful	Not rated	Not rated	Not rated	Not rated
5	FBFacebook, Inc.	3.95%	Not rated	Not rated	Not rated	Not rated	Not rated
6	TSLATesla, Inc.	2.20%	Halal	Halal	Halal	Halal	Halal
7	JPMJPMorgan Chase & Co.	2.00%	Not halal	Not halal	Not halal	Not halal	Not halal
8	JNJJohnson & Johnson	1.82%	Halal	Halal	Halal	Halal	Halal
9	NVDANVIDIA Corporation	1.59%	Halal	Halal	Halal	Halal	Halal
10	WMTWalmart Inc.	1.59%	Halal	Halal	Halal	Halal	Halal
11	UNHUnitedHealth Group Incorporated	1.46%	Not halal	Not halal	Not halal	Not halal	Not halal
12	MAMastercard Incorporated	1.44%	Doubtful	Not halal	Not halal	Not halal	Not halal
13	HDThe Home Depot, Inc.	1.30%	Halal	Halal	Not halal	Not halal	Halal
14	PYPLPayPal Holdings, Inc.	1.21%	Doubtful	Not halal	Not halal	Not halal	Not halal
15	ADBEAdobe Inc.	1.01%	Halal	Halal	Halal	Halal	Halal
16	INTCIntel Corporation	0.98%	Doubtful	Not rated	Not rated	Not rated	Not rated
17	CSCOCisco Systems, Inc.	0.94%	Halal	Halal	Halal	Halal	Halal
18	NFLXNetflix, Inc.	0.90%	Not halal	Not halal	Not halal	Not halal	Not halal
19	CRMsalesforce.com, inc.	0.88%	Halal	Halal	Halal	Halal	Halal
20	NKENIKE, Inc.	0.87%	Halal	Halal	Halal	Halal	Halal
21	ORCLOracle Corporation	0.87%	Halal	Halal	Not halal	Not halal	Halal
22	LLYEli Lilly and Company	0.86%	Halal	Halal	Not halal	Not halal	Halal
23	ABBVAbbVie Inc.	0.83%	Halal	Halal	Not halal	Not halal	Halal
24	MRKMerck & Co., Inc.	0.80%	Halal	Halal	Not halal	Not halal	Halal
25	AVGOBroadcom Inc.	0.79%	Halal	Halal	Not halal	Not halal	Halal
26	ACNAccenture plc	0.74%	Doubtful	Not rated	Not rated	Not rated	Not rated
27	MCDMcDonald's Corporation	0.73%	Halal	Halal	Not halal	Not halal	Halal
28	TMOThermo Fisher Scientific Inc.	0.72%	Halal	Halal	Not halal	Not halal	Halal
29	TXNTexas Instruments Incorporated	0.72%	Halal	Halal	Not halal	Not halal	Halal
30	MSMorgan Stanley	0.69%	Not halal	Not halal	Not halal	Not halal	Not halal
31	COSTCostco Wholesale Corporation	0.68%	Halal	Halal	Halal	Halal	Halal
32	DHRDanaher Corporation	0.67%	Halal	Halal	Halal	Halal	Halal
33	QCOMQUALCOMM Incorporated	0.64%	Halal	Halal	Halal	Halal	Halal
34	BMYBristol-Myers Squibb Company	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
35	SCHWThe Charles Schwab Corporation	0.59%	Not halal	Not halal	Not halal	Not halal	Not halal
36	AMGNAmgen Inc.	0.55%	Not halal	Not halal	Not halal	Not halal	Not halal
37	AMATApplied Materials, Inc.	0.54%	Halal	Halal	Halal	Halal	Halal
38	BLKBlackRock, Inc.	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
39	LOWLowe's Companies, Inc.	0.52%	Not halal	Halal	Not halal	Not halal	Halal
40	INTUIntuit Inc.	0.51%	Doubtful	Not rated	Not rated	Not rated	Not rated
41	CATCaterpillar Inc.	0.48%	Halal	Halal	Not halal	Not halal	Halal
42	TGTTarget Corporation	0.47%	Halal	Not halal	Halal	Halal	Halal
43	CVSCVS Health Corporation	0.45%	Not halal	Not halal	Not halal	Not halal	Not halal
44	DEDeere & Company	0.43%	Not halal	Not halal	Not halal	Not halal	Not halal
45	ELThe Estée Lauder Companies Inc.	0.43%	Halal	Halal	Not halal	Not halal	Halal
46	ZMZoom Video Communications, Inc.	0.43%	Not halal	Not halal	Not halal	Not halal	Not rated
47	ISRGIntuitive Surgical, Inc.	0.40%	Halal	Halal	Halal	Halal	Halal
48	AMDAdvanced Micro Devices, Inc.	0.39%	Halal	Halal	Halal	Halal	Halal
49	MUMicron Technology, Inc.	0.39%	Halal	Halal	Halal	Halal	Halal
50	SQSquare, Inc.	0.39%	Not rated	Not rated	Not rated	Not rated	Not rated

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

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