SPDR Solactive Canada ETF

ZCAN

SPDR

SPDR Solactive Canada ETF (ZCAN) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 98.00%. 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: 98.00%

Halal 34.75%
Doubtful 0.00%
Not halal 63.24%
Not rated 2.00%

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: SPDR
Venue (where it trades): United States
Domicile (where it is registered): United States
Reporting currency: USD
Expense ratio: 0.14%
AUM: 51.62M USD
Holdings: 68 (63 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	34.75%	63.24%
DJIM	Not halal	34.75%	63.24%
FTSE	Not halal	19.07%	78.92%
MSCI	Not halal	19.07%	78.92%
S&P	Not halal	35.47%	62.52%

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 68 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	SHOPShopify Inc.	9.56%	Halal	Halal	Not halal	Not halal	Halal
2	RYRoyal Bank of Canada	8.66%	Not halal	Not halal	Not halal	Not halal	Not halal
3	TDThe Toronto-Dominion Bank	7.81%	Not halal	Not halal	Not halal	Not halal	Not halal
4	CNICanadian National Railway Company	5.34%	Halal	Halal	Not halal	Not halal	Halal
5	BACBank of America Corporation	5.05%	Not halal	Not halal	Not halal	Not halal	Not halal
6	ENBEnbridge Inc.	4.92%	Not halal	Not halal	Not halal	Not halal	Not halal
7	CPCanadian Pacific Railway Limited	3.39%	Halal	Halal	Halal	Halal	Halal
8	CMCanadian Imperial Bank of Commerce	2.90%	Not halal	Not halal	Not halal	Not halal	Not halal
9	TRPTC Energy Corporation	2.82%	Not halal	Not halal	Not halal	Not halal	Not halal
10	MFCManulife Financial Corporation	2.76%	Not halal	Not halal	Not halal	Not halal	Not halal
11	BCEBCE Inc.	2.74%	Not halal	Not halal	Not halal	Not halal	Not halal
12	ABX—	2.38%	Not halal	Not halal	Not halal	Not halal	Not halal
13	CNQCanadian Natural Resources Limited	2.26%	Halal	Halal	Halal	Halal	Halal
14	SUSuncor Energy Inc.	2.14%	Halal	Halal	Halal	Halal	Halal
15	SLFSun Life Financial Inc.	2.03%	Not halal	Not halal	Not halal	Not halal	Not halal
16	CSU.TOConstellation Software Inc.	1.81%	Halal	Halal	Not halal	Not halal	Halal
17	WCNWaste Connections, Inc.	1.80%	Halal	Halal	Not halal	Not halal	Halal
18	MGAMagna International Inc.	1.60%	Not halal	Not halal	Halal	Halal	Not halal
19	NBHCNational Bank Holdings Corporation	1.50%	Not halal	Not halal	Not halal	Not halal	Not halal
20	FTSFortis Inc.	1.27%	Not halal	Not halal	Not halal	Not halal	Not halal
21	QSRRestaurant Brands International Inc.	1.25%	Not halal	Not halal	Not halal	Not halal	Not halal
22	WPMWheaton Precious Metals Corp.	1.18%	Halal	Halal	Halal	Halal	Halal
23	IFC.TOIntact Financial Corporation	1.13%	Not halal	Not halal	Not halal	Not halal	Not halal
24	RCIRogers Communications Inc.	1.08%	Not halal	Not halal	Not halal	Not halal	Not halal
25	PBAPembina Pipeline Corporation	1.06%	Not halal	Not halal	Not halal	Not halal	Not halal
26	TRIThomson Reuters Corporation	1.03%	Halal	Halal	Halal	Halal	Halal
27	AEMAgnico Eagle Mines Limited	0.98%	Halal	Halal	Halal	Halal	Halal
28	POW.TOPower Corporation of Canada	0.92%	Not halal	Not halal	Not halal	Not halal	Not halal
29	FM.TOFirst Quantum Minerals Ltd.	0.90%	Not halal	Not halal	Halal	Halal	Not halal
30	OTEXOpen Text Corporation	0.84%	Not halal	Not halal	Not halal	Not halal	Not halal
31	TECKTeck Resources Limited	0.79%	Halal	Halal	Halal	Halal	Halal
32	DOL.TODollarama Inc.	0.77%	Halal	Halal	Not halal	Not halal	Halal
33	ERRAFEmera Incorporated	0.70%	Not halal	Not halal	Not halal	Not halal	Not halal
34	FFH.TOFairfax Financial Holdings Limited	0.70%	Not halal	Not halal	Not halal	Not halal	Not halal
35	WSP.TOWSP Global Inc.	0.68%	Halal	Halal	Halal	Halal	Halal
36	AQNAlgonquin Power & Utilities Corp.	0.66%	Not halal	Not halal	Not halal	Not halal	Not halal
37	KLKirkland Lake Gold Ltd.	0.64%	Not rated	Not rated	Not rated	Not rated	Not rated
38	KGCKinross Gold Corporation	0.58%	Halal	Halal	Halal	Halal	Halal
39	L.TOLoblaw Companies Limited	0.56%	Not halal	Not halal	Not halal	Not halal	Not halal
40	SJRShaw Communications Inc.	0.56%	Not rated	Not rated	Not rated	Not rated	Not rated
41	CGCCanopy Growth Corporation	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
42	CVECenovus Energy Inc.	0.53%	Not halal	Not halal	Halal	Halal	Halal
43	CZRCaesars Entertainment, Inc.	0.53%	Not halal	Not halal	Not halal	Not halal	Not halal
44	LUN.TOLundin Mining Corporation	0.52%	Halal	Halal	Halal	Halal	Halal
45	CTC-A.TOCanadian Tire Corporation, Limited	0.50%	Not halal	Not halal	Not halal	Not halal	Not halal
46	PAASPan American Silver Corp.	0.50%	Halal	Halal	Halal	Halal	Halal
47	GWO.TOGreat-West Lifeco Inc.	0.48%	Not halal	Not halal	Not halal	Not halal	Not halal
48	CAR-UN.TOCanadian Apartment Properties Real Estate Investment Trust	0.47%	Not halal	Not halal	Not halal	Not halal	Not halal
49	H.TOHydro One Limited	0.47%	Not halal	Not halal	Not halal	Not halal	Not halal
50	NPI.TONorthland Power Inc.	0.47%	Not halal	Not halal	Not halal	Not halal	Not halal

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

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