EMCSETF / FundXtrackers MSCI Emerging Markets Select ETF
Verdicts genuinely change. Free email alert the moment EMCS's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
Xtrackers MSCI Emerging Markets Select ETF ETF · DBX ETF Trust
67 holdings · as of 2026-08-31 (2.4 months ago)
NON-COMPLIANT 31.61% of portfolio weight is in non-compliant holdings, over the 5% threshold.
67 holdings, 47 matched (91% of weight). Portfolio as of 2026-08-31, filed 2026-10-21. Source: SEC Form N-PORT.
9.10% of this portfolio’s income is non-permissible — weighted across holdings, computed over 75% of portfolio weight (34 of 67 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.
59.1% compliant 0.0% questionable 31.6% non-compliant 8.9% unscreened
All holdings (67)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 19.44% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 10.35% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 000660.KS SK HYNIX INC | COMPLIANT | 7.32% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 4.68% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 2.85% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 2454.TW MEDIATEK INC | COMPLIANT | 2.17% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 1.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SCCO SOUTHERN COPPER CORP | COMPLIANT | 1.61% | AAOIFI4.9% Usmani35.7% Dow Jones Islamic8.2% S&P Shariah9.3% MSCI Islamic35.7% MSCI Islamic M-Series9.3% FTSE Shariah33.1% |
| 0939.HK CHINA CONSTRUCTION BANK CORP | NON_COMPLIANT | 1.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HDFCBANK.NS HDFC BANK LTD | NON_COMPLIANT | 1.55% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2317.TW HON HAI PRECISION INDUSTRY COMPANY LTD | NON_COMPLIANT | 1.52% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2881.TW FUBON FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 1.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ICICIBANK.NS ICICI BANK LTD | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2885.TW YUANTA FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 1.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2318.HK PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD | NON_COMPLIANT | 1.40% | AAOIFI155.6% Usmani10.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.4% MSCI Islamic M-Seriesfail FTSE Shariah10.4% |
| SINOPAC FINANCIAL HOLDINGS CO LTD | UNSCREENED | 1.40% | no in-house ratios for this holding |
| TAIWAN COOPERATIVE FINANCIAL HOLDINGS COMPANY LTD | UNSCREENED | 1.39% | no in-house ratios for this holding |
| 2882.TW CATHAY FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 1.36% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2891.TW CTBC FINANCIAL HOLDING CO LTD | NON_COMPLIANT | 1.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ITUB3.SA ITAU UNIBANCO HOLDING SA | NON_COMPLIANT | 1.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MEGA FINANCIAL HOLDING COMPANY LTD | UNSCREENED | 1.26% | no in-house ratios for this holding |
| AU ANGLOGOLD ASHANTI PLC | COMPLIANT | 1.26% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BHARTIARTL.BO BHARTI AIRTEL LTD | COMPLIANT | 1.24% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 2892.TW FIRST FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 1.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PIRAEUS BANK SA (NEW) | UNSCREENED | 1.21% | no in-house ratios for this holding |
| 3988.HK BANK OF CHINA LTD | NON_COMPLIANT | 1.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (THE) | NON_COMPLIANT | 1.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASX ASE TECHNOLOGY HOLDING CO LTD | COMPLIANT | 1.16% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 2801.TW CHANG HWA COMMERCIAL BANK LTD | NON_COMPLIANT | 1.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ITAUSA SA | UNSCREENED | 1.12% | no in-house ratios for this holding |
| 055550.KS SHINHAN FINANCIAL GROUP COMPANY LTD | NON_COMPLIANT | 1.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 402340.KS SK SQUARE CO LTD | COMPLIANT | 1.09% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| 2884.TW E.SUN FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 1.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RELIANCE.NS RELIANCE INDUSTRIES LTD | COMPLIANT | 1.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 105560.KS KB FINANCIAL GROUP INC | NON_COMPLIANT | 1.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NRP.JO NEPI ROCKCASTLE NV | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| M&M.NS MAHINDRA & MAHINDRA LTD | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GRUPO FINANCIERO BANORTE SAB DE CV | UNSCREENED | 1.01% | no in-house ratios for this holding |
| 1810.HK XIAOMI CORP | COMPLIANT | 0.96% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3690.HK MEITUAN LLC | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NTES NETEASE INC | NON_COMPLIANT | 0.89% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| WF WOORI FINANCIAL GROUP INC | NON_COMPLIANT | 0.83% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 2628.HK CHINA LIFE INSURANCE COMPANY LTD | NON_COMPLIANT | 0.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FIBRA UNO ADMINISTRACION SA DE CV | UNSCREENED | 0.81% | no in-house ratios for this holding |
| 1211.HK BYD COMPANY LTD | COMPLIANT | 0.79% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 0.79% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| PDD PDD HOLDINGS INC | NON_COMPLIANT | 0.73% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| NPN.JO NASPERS LTD | NON_COMPLIANT | 0.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INFY INFOSYS LTD | COMPLIANT | 0.72% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 005380.KS HYUNDAI MOTOR COMPANY | NON_COMPLIANT | 0.71% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VIVT3.SA TELEFONICA BRASIL SA | COMPLIANT | 0.71% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TCOM TRIP.COM GROUP LTD | NON_COMPLIANT | 0.71% | AAOIFI15.9% Usmani11.8% Dow Jones Islamic11.5% S&P Shariah12.9% MSCI Islamic11.8% MSCI Islamic M-Series12.9% FTSE Shariah11.5% |
| DWS GOVERNMENT MONEY MARKET SERIES INSTITUTIONAL SHARES | UNSCREENED | 0.67% | no in-house ratios for this holding |
| INFY INFOSYS LTD | COMPLIANT | 0.01% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ICE FUTURES U.S., INC. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BTS GROUP HOLDINGS PCL | UNSCREENED | 0.00% | no in-house ratios for this holding |
| KLBN11.SA KLABIN SA | COMPLIANT | 0.00% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NOVOLIPETSK STEEL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| POLYUS PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MOSCOW EXCHANGE MICEX-RTS OJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NOVATEK PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GAZPROM PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PHOSAGRO PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PHOSAGRO PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| LUKOIL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PHOSAGRO PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SOLIDCORE RES PLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 31 points of portfolio weight — 53.1% of it passes AAOIFI, 22.3% passes MSCI Islamic. 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 53.1% ratios fail on 34.5% 12.0% not rated under AAOIFI
ratios pass on 27.1% ratios fail on 52.9% 19.6% not rated under Usmani
ratios pass on 50.2% ratios fail on 29.8% 19.6% not rated under Dow Jones Islamic
ratios pass on 50.2% ratios fail on 29.8% 19.6% not rated under S&P Shariah
ratios pass on 22.3% ratios fail on 57.7% 19.6% not rated under MSCI Islamic
ratios pass on 50.2% ratios fail on 29.8% 19.6% not rated under MSCI Islamic M-Series
ratios pass on 29.4% ratios fail on 50.7% 19.6% not rated under FTSE Shariah
46 of 67 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 12 (41% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 0939.HK CHINA CONSTRUCTION BANK CORP | 1.58% |
| HDFCBANK.NS HDFC BANK LTD | 1.55% |
| 2317.TW HON HAI PRECISION INDUSTRY COMPANY LTD | 1.52% |
| 2881.TW FUBON FINANCIAL HOLDING COMPANY LTD | 1.52% |
| ICICIBANK.NS ICICI BANK LTD | 1.50% |
| 2885.TW YUANTA FINANCIAL HOLDING COMPANY LTD | 1.48% |
| 2318.HK PING AN INSURANCE (GROUP) COMPANY OF CHINA LTD | 1.40% |
| 2882.TW CATHAY FINANCIAL HOLDING COMPANY LTD | 1.36% |
| 2891.TW CTBC FINANCIAL HOLDING CO LTD | 1.29% |
| ITUB3.SA ITAU UNIBANCO HOLDING SA | 1.26% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Xtrackers MSCI Emerging Markets Select ETF (EMCS) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for EMCS — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 44.50 | NEUTRAL |
| Stochastic %K (14) | 52.31 | NEUTRAL |
| CCI (20) | -51.35 | NEUTRAL |
| Williams %R (14) | -47.69 | NEUTRAL |
| MACD (12,26,9) | 0.11 | BUY |
| ROC (10) | -0.70 | SELL |
| Momentum (10) | -0.30 | SELL |
| EMA (10) | 42.74 | SELL |
| SMA (10) | 42.44 | BUY |
| EMA (20) | 43.23 | SELL |
| SMA (20) | 43.05 | SELL |
| EMA (30) | 43.71 | SELL |
| SMA (30) | 43.96 | SELL |
| EMA (50) | 44.27 | SELL |
| SMA (50) | 45.14 | SELL |
| EMA (100) | 44.34 | SELL |
| SMA (100) | 45.02 | SELL |
| EMA (200) | 42.43 | BUY |
| SMA (200) | 43.19 | SELL |
About Xtrackers MSCI Emerging Markets Select ETF
The underlying index represents an emerging markets subset of the MSCI ACWI Select Climate 500 Index (the “parent index”), which is designed to track the performance of approximately 500 stocks of companies. The fund will invest at least 80% of its total assets (but typically far more) in component securities (including depositary receipts in respect of such securities) of the underlying index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 45 |
| 🕐 1H | NEUTRAL | 16 |
| ⏱ 15-Min | BEARISH | 67 |
| ⏲ 5-Min | BEARISH | 202 |
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 2026-11-03 · Asset managers net 928584 (+5135)
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.