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BMO MSCI Canada Value Index ETF

ZVC.TO

BMO

BMO MSCI Canada Value Index ETF (ZVC.TO) on the Akinda fund screen (AAOIFI-derived): Not halal. Coverage 99.85%. 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: 99.85%
  • Halal 37.48%
  • Doubtful 7.69%
  • Not halal 54.68%
  • Not rated 0.15%

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
0.40%
AUM
57.94M CAD
Holdings
48 (48 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 halal37.48%54.68%
DJIMNot halal39.38%52.78%
FTSENot halal42.67%49.50%
MSCINot halal42.67%49.50%
S&PNot halal37.86%54.31%

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

1–48 of 48 holdings, largest first · basket as of 23 Oct 2026
No.HoldingWeightAkinda (AAOIFI)DJIMFTSEMSCIS&P
1
TD.TOToronto-Dominion Bank/The
8.19%Not halalNot halalNot halalNot halalNot halal
2
BNS.TOBank Of Nova Scotia
7.53%Not halalNot halalNot halalNot halalNot halal
3
SU.TOSuncor Energy Inc
6.69%HalalHalalHalalHalalHalal
4
MFC.TOManulife Financial Corp
6.25%Not halalNot halalNot halalNot halalNot halal
5
BMO.TOBank of Montreal
5.92%Not halalNot halalNot halalNot halalNot halal
6
GIB-A.TOCGI Inc
5.54%DoubtfulNot ratedNot ratedNot ratedNot rated
7
CNQ.TOCanadian Natural Resources Ltd
5.03%HalalHalalHalalHalalHalal
8
ABX.TOBARRICK MINING CORP
4.87%HalalHalalHalalHalalHalal
9
CP.TOCANADIAN PACIFIC KANSAS CITY LTD
4.36%HalalHalalHalalHalalHalal
10
CM.TOCanadian Imperial Bank Of Commerce
3.74%Not halalNot halalNot halalNot halalNot halal
11
CVE.TOCenovus Energy Inc
3.26%HalalHalalHalalHalalHalal
12
NTR.TONUTRIEN LTD
3.15%Not halalNot halalHalalHalalNot halal
13
FFH.TOFairfax Financial Holdings Ltd
3.15%Not halalNot halalNot halalNot halalNot halal
14
CNR.TOCanadian National Railway Co
2.57%HalalHalalNot halalNot halalHalal
15
MG.TOMagna International Inc
2.18%Not halalNot halalHalalHalalNot halal
16
CLS.TOCELESTICA INC
2.15%DoubtfulNot ratedNot ratedNot ratedNot rated
17
SLF.TOSun Life Financial Inc
2.00%Not halalNot halalNot halalNot halalNot halal
18
POW.TOPower Corp Of Canada
1.99%Not halalNot halalNot halalNot halalNot halal
19
K.TOKINROSS GOLD CORP
1.83%HalalHalalHalalHalalHalal
20
WCP.TOWhitecap Resources Inc
1.55%Not halalHalalHalalHalalNot halal
21
NA.TONational Bank of Canada
1.53%Not halalNot halalNot halalNot halalNot halal
22
ATD.TOAlimentation Couche-Tard Inc
1.38%HalalHalalHalalHalalHalal
23
TECK-B.TOTECK RESOURCES LTD
1.35%HalalHalalHalalHalalHalal
24
TOU.TOTourmaline Oil Corp
1.26%HalalHalalHalalHalalHalal
25
FTS.TOFortis Inc
1.23%Not halalNot halalNot halalNot halalNot halal
26
IMO.TOIMPERIAL OIL LTD
0.77%HalalHalalHalalHalalHalal
27
EMP-A.TOEMPIRE CO LTD
0.71%HalalHalalHalalHalalHalal
28
SAP.TOSaputo Inc
0.70%HalalHalalHalalHalalHalal
29
FM.TOFIRST QUANTUM MINERALS LTD
0.66%Not halalNot halalHalalHalalNot halal
30
PAAS.TOPAN AMERICAN SILVER CORP
0.65%HalalHalalHalalHalalHalal
31
EMA.TOEmera Inc
0.62%Not halalNot halalNot halalNot halalNot halal
32
WSP.TOWSP Global Inc
0.62%HalalHalalHalalHalalHalal
33
RCI-B.TORogers Communications Inc
0.61%Not halalNot halalNot halalNot halalNot halal
34
IAG.TOIA Financial Corp Inc
0.58%Not halalNot halalNot halalNot halalNot halal
35
GWO.TOGreat-West Lifeco Inc
0.58%Not halalNot halalNot halalNot halalNot halal
36
CTC-A.TOCanadian Tire Corp Ltd
0.56%Not halalNot halalNot halalNot halalNot halal
37
LUN.TOLUNDIN MINING CORP
0.55%HalalHalalHalalHalalHalal
38
ALA.TOAltagas Ltd
0.55%Not halalNot halalNot halalNot halalNot halal
39
WN.TOGeorge Weston Ltd
0.54%Not halalNot halalHalalHalalNot halal
40
TFII.TOTFI INTERNATIONAL INC
0.38%Not halalNot halalNot halalNot halalHalal
41
CAE.TOCAE Inc
0.37%HalalHalalNot halalNot halalHalal
42
EQX.TOEQUINOX GOLD CORP
0.35%Not halalHalalHalalHalalNot halal
43
RBA.TORB GLOBAL INC
0.31%HalalHalalNot halalNot halalHalal
44
GIL.TOGildan Activewear Inc
0.28%Not halalNot halalNot halalNot halalNot halal
45
IGM.TOIGM Financial Inc
0.20%Not halalNot halalNot halalNot halalNot halal
46
TIH.TOToromont Industries Ltd
0.20%HalalHalalHalalHalalHalal
47
CU.TOCanadian Utilities Ltd
0.18%Not halalNot halalNot halalNot halalNot halal
48
BCE.TOBCE INC
0.18%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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