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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
AR

AREA

ETF / Fund AREA
$20.02
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Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 88% of portfolio weight covered
Fund look-through

Harbor AlphaEdge Next Generation REITs ETF ETF · Harbor ETF Trust

43 holdings · as of 2026-01-31 (7.5 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.

NON-COMPLIANT 68.53% of portfolio weight is in non-compliant holdings, over the 5% threshold.

43 holdings, 38 matched (88% of weight). Portfolio as of 2026-01-31, filed 2026-03-30. Source: SEC Form N-PORT.

0.65% of this portfolio’s income is non-permissible — weighted across holdings, computed over 79% of portfolio weight (34 of 43 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.

19.5% compliant 0.0% questionable 68.5% non-compliant 11.9% unscreened

All holdings (43)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
PSA Public Storage NON_COMPLIANT 6.93% AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
Lamar Advertising Co UNSCREENED 6.88% no in-house ratios for this holding
HST Host Hotels & Resorts Inc NON_COMPLIANT 6.09% AAOIFI8.4% Usmani9.6% Dow Jones Islamic10.8% S&P Shariah11.0% MSCI Islamic9.6% MSCI Islamic M-Series11.0% FTSE Shariah9.6%
VICI VICI Properties Inc NON_COMPLIANT 6.09% AAOIFI57.8% Usmani35.1% Dow Jones Islamic55.7% S&P Shariah58.1% MSCI Islamic35.1% MSCI Islamic M-Series58.1% FTSE Shariah35.1%
VTR Ventas Inc COMPLIANT 5.36% AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8%
HR Healthcare Realty Trust Inc NON_COMPLIANT 4.88% AAOIFI63.6% Usmani46.3% Dow Jones Islamic71.4% S&P Shariah74.8% MSCI Islamic46.3% MSCI Islamic M-Series74.8% FTSE Shariah46.3%
AMT American Tower Corp NON_COMPLIANT 4.10% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
CCI Crown Castle Inc NON_COMPLIANT 3.52% AAOIFI74.5% Usmani108.8% Dow Jones Islamic59.8% S&P Shariah59.6% MSCI Islamic108.8% MSCI Islamic M-Series59.6% FTSE Shariah84.8%
EPR EPR Properties NON_COMPLIANT 3.50% AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4%
SBAC SBA Communications Corp NON_COMPLIANT 2.94% AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4%
INVH Invitation Homes Inc NON_COMPLIANT 2.82% AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2%
DRH DiamondRock Hospitality Co NON_COMPLIANT 2.62% AAOIFI44.7% Usmani35.8% Dow Jones Islamic60.3% S&P Shariah62.3% MSCI Islamic35.8% MSCI Islamic M-Series62.3% FTSE Shariah35.8%
SBRA Sabra Health Care REIT Inc NON_COMPLIANT 2.58% AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6%
OHI Omega Healthcare Investors Inc NON_COMPLIANT 2.57% AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9%
CUBE CubeSmart COMPLIANT 2.42% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
OUT Outfront Media Inc NON_COMPLIANT 2.38% AAOIFI81.0% Usmani78.4% Dow Jones Islamic116.5% S&P Shariah138.2% MSCI Islamic78.4% MSCI Islamic M-Series138.2% FTSE Shariah48.0%
AHR American Healthcare REIT Inc COMPLIANT 2.37% AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1%
DOC Healthpeak Properties Inc NON_COMPLIANT 2.31% AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3%
SUI Sun Communities Inc COMPLIANT 2.30% AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8%
UHT Universal Health Realty Income Trust NON_COMPLIANT 1.97% AAOIFI66.0% Usmani66.1% Dow Jones Islamic71.2% S&P Shariah74.2% MSCI Islamic66.1% MSCI Islamic M-Series74.2% FTSE Shariah66.1%
WELL Welltower Inc COMPLIANT 1.96% AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7%
DLR Digital Realty Trust Inc COMPLIANT 1.75% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
Apple Hospitality REIT Inc UNSCREENED 1.66% no in-house ratios for this holding
IRM Iron Mountain Inc NON_COMPLIANT 1.62% AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0%
RYN Rayonier Inc NON_COMPLIANT 1.62% AAOIFI34.1% Usmani27.1% Dow Jones Islamic48.4% S&P Shariah51.1% MSCI Islamic26.9% MSCI Islamic M-Series51.1% FTSE Shariah26.6%
PotlatchDeltic Corp UNSCREENED 1.37% no in-house ratios for this holding
Sila Realty Trust Inc UNSCREENED 1.29% no in-house ratios for this holding
ELS Equity LifeStyle Properties Inc COMPLIANT 1.22% AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2%
LAND Gladstone Land Corp NON_COMPLIANT 1.20% AAOIFI114.6% Usmani40.8% Dow Jones Islamic132.5% S&P Shariah124.9% MSCI Islamic40.8% MSCI Islamic M-Series124.9% FTSE Shariah40.8%
WY Weyerhaeuser Co NON_COMPLIANT 1.17% AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1%
CTRE CareTrust REIT Inc COMPLIANT 1.15% AAOIFI13.1% Usmani20.3% Dow Jones Islamic18.0% S&P Shariah22.4% MSCI Islamic20.3% MSCI Islamic M-Series22.4% FTSE Shariah20.3%
CLDT Chatham Lodging Trust NON_COMPLIANT 1.13% AAOIFI68.2% Usmani33.6% Dow Jones Islamic105.8% S&P Shariah103.2% MSCI Islamic33.6% MSCI Islamic M-Series103.2% FTSE Shariah33.6%
DHC Diversified Healthcare Trust NON_COMPLIANT 1.11% AAOIFI134.3% Usmani57.6% Dow Jones Islamic211.6% S&P Shariah249.7% MSCI Islamic57.6% MSCI Islamic M-Series249.7% FTSE Shariah57.6%
PEB Pebblebrook Hotel Trust NON_COMPLIANT 1.06% AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4%
EQIX Equinix Inc COMPLIANT 0.98% AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4%
EXR Extra Space Storage Inc NON_COMPLIANT 0.76% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
PK Park Hotels & Resorts Inc NON_COMPLIANT 0.75% AAOIFI129.2% Usmani51.1% Dow Jones Islamic173.2% S&P Shariah168.4% MSCI Islamic51.1% MSCI Islamic M-Series168.4% FTSE Shariah51.1%
FPI Farmland Partners Inc NON_COMPLIANT 0.72% AAOIFI48.4% Usmani32.1% Dow Jones Islamic48.5% S&P Shariah49.1% MSCI Islamic32.1% MSCI Islamic M-Series49.1% FTSE Shariah32.1%
Service Properties Trust UNSCREENED 0.65% no in-house ratios for this holding
MPT Medical Properties Trust Inc NON_COMPLIANT 0.58% AAOIFI403.5% Usmani65.5% Dow Jones Islamic352.0% S&P Shariah371.3% MSCI Islamic65.5% MSCI Islamic M-Series371.3% FTSE Shariah65.5%
ARE Alexandria Real Estate Equities Inc NON_COMPLIANT 0.58% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
XHR Xenia Hotels & Resorts Inc NON_COMPLIANT 0.49% AAOIFI73.4% Usmani50.0% Dow Jones Islamic98.2% S&P Shariah100.8% MSCI Islamic50.0% MSCI Islamic M-Series100.8% FTSE Shariah50.0%
BHR Braemar Hotels & Resorts Inc NON_COMPLIANT 0.43% AAOIFI571.6% Usmani45.0% Dow Jones Islamic438.1% S&P Shariah456.9% MSCI Islamic45.0% MSCI Islamic M-Series456.9% FTSE Shariah45.0%

The published standards disagree about this fund by 25 points of portfolio weight — 26.1% of it passes AAOIFI, 1.2% passes Usmani. Which number is yours depends on which standard you follow.

These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.

ratios pass on 26.1% ratios fail on 46.6% 27.2% not rated under AAOIFI

38 of 43 listed holdings carry our own per-methodology verdicts (88% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (83% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
PSA Public Storage 6.93%
HST Host Hotels & Resorts Inc 6.09%
VICI VICI Properties Inc 6.09%
HR Healthcare Realty Trust Inc 4.88%
AMT American Tower Corp 4.10%
CCI Crown Castle Inc 3.52%
EPR EPR Properties 3.50%
SBAC SBA Communications Corp 2.94%
INVH Invitation Homes Inc 2.82%
DRH DiamondRock Hospitality Co 2.62%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

AREA (AREA) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.

NON-COMPLIANT
Sharia compliance

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for AREA — this runs off the critical path so the page paints first. It will appear here on its own.

No price history available.

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance

Not enough completed daily bars to compute pivots.

About AREA

The index consists of next generation REITs traded on U.S. exchanges that exhibit positive fundamental and price characteristics according to the index Provider’s methodology. The fund invests at least 80% of its total assets in securities that are included in the index. A REIT is an entity dedicated to owning, and usually operating, income-producing real estate, or to financing real estate. The fund is non-diversified.

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.

Peer Movement

How the rest of the sector moved over the same window. Context for a price move, never a cause of one.

Peer movement computing — it will appear here on its own.

Before you act on this

The questions worth asking about any verdict on this page, answered plainly.

Is a fund screened on its name?

No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.

What does unrated weight mean?

It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.

Does the issuer's board make it compliant?

It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.

How often is this re-screened?

When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.

Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.

Compare with

Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.

Peer screening computing — it will appear here on its own.

Insider Activity (90d)

Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.

NEUTRAL   report date 2026-09-08 · Asset managers net 912361 (-21819)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.