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BMO Low Volatility Canadian Equity ETF

ZLB.TO

BMO

BMO Low Volatility Canadian Equity ETF (ZLB.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.27%. 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: 99.27%
  • Halal 31.01%
  • Doubtful 0.00%
  • Not halal 68.26%
  • Not rated 0.73%

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
BMO
Venue (where it trades)
Canada
Domicile (where it is registered)
Canada
Reporting currency
CAD
Expense ratio
0.39%
AUM
6.15B CAD
Holdings
45 (45 screened)
Basket as of (provider)
23 Oct 2026
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

RulebookVerdictHalalNot halalSplit (0–100%)
Akinda fund screen (AAOIFI)Not halal31.01%68.26%
DJIMNot halal31.01%68.26%
FTSENot halal27.75%71.52%
MSCINot halal27.75%71.52%
S&PNot halal31.01%68.26%

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

1–45 of 45 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
FTS.TOFortis Inc
4.41%Not halalNot halalNot halalNot halalNot halal
2
GWO.TOGreat-West Lifeco Inc
4.38%Not halalNot halalNot halalNot halalNot halal
3
L.TOLoblaw Cos Ltd
4.29%Not halalNot halalNot halalNot halalNot halal
4
QBR-B.TOQUEBECOR INC
4.04%Not halalNot halalNot halalNot halalNot halal
5
H.TOHydro One Ltd
3.73%Not halalNot halalNot halalNot halalNot halal
6
EMP-A.TOEMPIRE CO LTD
3.67%HalalHalalHalalHalalHalal
7
MRU.TOMetro Inc
3.42%HalalHalalHalalHalalHalal
8
EMA.TOEmera Inc
3.40%Not halalNot halalNot halalNot halalNot halal
9
X.TOTMX Group Ltd
3.32%Not halalNot halalNot halalNot halalNot halal
10
CCL-B.TOCCL Industries Inc
3.24%HalalHalalHalalHalalHalal
11
IFC.TOIntact Financial Corp
3.21%Not halalNot halalNot halalNot halalNot halal
12
FFH.TOFairfax Financial Holdings Ltd
2.89%Not halalNot halalNot halalNot halalNot halal
13
CU.TOCanadian Utilities Ltd
2.84%Not halalNot halalNot halalNot halalNot halal
14
WCN.TOWaste Connections Inc
2.69%HalalHalalNot halalNot halalHalal
15
WN.TOGeorge Weston Ltd
2.68%Not halalNot halalHalalHalalNot halal
16
BNS.TOBank Of Nova Scotia
2.62%Not halalNot halalNot halalNot halalNot halal
17
TD.TOToronto-Dominion Bank/The
2.38%Not halalNot halalNot halalNot halalNot halal
18
RY.TORoyal Bank of Canada
2.20%Not halalNot halalNot halalNot halalNot halal
19
DOL.TODollarama Inc
2.17%HalalHalalNot halalNot halalHalal
20
RCI-B.TORogers Communications Inc
2.09%Not halalNot halalNot halalNot halalNot halal
21
NA.TONational Bank of Canada
2.02%Not halalNot halalNot halalNot halalNot halal
22
FNV.TOFRANCO-NEVADA CORP
1.97%HalalHalalHalalHalalHalal
23
SAP.TOSaputo Inc
1.95%HalalHalalHalalHalalHalal
24
CM.TOCanadian Imperial Bank Of Commerce
1.91%Not halalNot halalNot halalNot halalNot halal
25
TRI.TOTHOMSON REUTERS CORP
1.87%HalalHalalHalalHalalHalal
26
BMO.TOBank of Montreal
1.79%Not halalNot halalNot halalNot halalNot halal
27
TRP.TOTC ENERGY CORP
1.73%Not halalNot halalNot halalNot halalNot halal
28
QSR.TORESTAURANT BRANDS INTERNATIONAL INC
1.68%Not halalNot halalNot halalNot halalNot halal
29
AEM.TOAGNICO EAGLE MINES LTD
1.64%HalalHalalHalalHalalHalal
30
CTC-A.TOCanadian Tire Corp Ltd
1.63%Not halalNot halalNot halalNot halalNot halal
31
BCE.TOBCE INC
1.62%Not halalNot halalNot halalNot halalNot halal
32
ABX.TOBARRICK MINING CORP
1.58%HalalHalalHalalHalalHalal
33
CHP-UN.TOChoice Properties Real Estate Investment Trust
1.50%Not halalNot halalNot halalNot halalNot halal
34
DSG.TODESCARTES SYSTEMS GROUP INC/THE
1.38%HalalHalalHalalHalalHalal
35
ATD.TOAlimentation Couche-Tard Inc
1.35%HalalHalalHalalHalalHalal
36
GRT-UN.TOGranite Real EstateNT TRUST
1.17%Not halalNot halalNot halalNot halalNot halal
37
CPX.TOCapital Power Corp
1.12%Not halalNot halalNot halalNot halalNot halal
38
CAR-UN.TOCANADIAN APARTMENT PROPERTIES REIT
1.10%Not halalNot halalNot halalNot halalNot halal
39
TIH.TOToromont Industries Ltd
1.09%HalalHalalHalalHalalHalal
40
RBA.TORB GLOBAL INC
1.07%HalalHalalNot halalNot halalHalal
41
STN.TOStantec Inc
1.06%HalalHalalHalalHalalHalal
42
BEP-UN.TOBROOKFIELD RENEWABLE PARTNERS LP
0.95%Not halalNot halalNot halalNot halalNot halal
43
EFN.TOELEMENT FLEET MANAGEMENT CORP
0.91%Not halalNot halalNot halalNot halalNot halal
44
BYD.TOBOYD GROUP SERVICES INC
0.87%HalalHalalHalalHalalHalal
45
T.TOTelus Corp
0.67%Not halalNot halalNot halalNot halalNot halal

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

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