EM
$89.15
last close 2026-11-13
EMXCETF / FundiShares MSCI Emerging Markets ex China ETF
Verdicts genuinely change. Free email alert the moment EMXC'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.
Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 83% of portfolio weight covered
Fund look-through
iShares MSCI Emerging Markets ex China ETF ETF · iShares, Inc.
639 holdings · as of 2026-08-31 (2.4 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 25.68% of portfolio weight is in non-compliant holdings, over the 5% threshold.
639 holdings, 427 matched (83% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
5.64% of this portfolio’s income is non-permissible — weighted across holdings, computed over 72% of portfolio weight (344 of 639 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.
58.0% compliant 0.0% questionable 25.4% non-compliant 16.6% unscreened
All holdings (639) · showing 251–500
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PAYTM.NS ONE 97 COMMUNICATIONS LIMITED | NON_COMPLIANT | 0.07% | AAOIFI0.2% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.7% MSCI Islamic M-Seriesfail FTSE Shariah0.7% |
| FEDERALBNK.NS THE FEDERAL BANK LTD | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2002.TW China Steel Corporation | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 018260.KS SAMSUNG SDS CO., LTD. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COALINDIA.NS COAL INDIA LIMITED | COMPLIANT | 0.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| POLICYBZR.NS PB Fintech Limited | NON_COMPLIANT | 0.07% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| HEROMOTOCO.NS HERO MOTOCORP LIMITED | COMPLIANT | 0.07% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HD HYUNDAI CO.,LTD. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| 047810.KS KOREA AEROSPACE INDUSTRIES, LTD. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Etihad Etisalat Company SJSC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| BBAS3.SA Banco do Brasil S.A | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 086520.KQ ECOPRO CO.,LTD | COMPLIANT | 0.07% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 000150.KS Doosan Corporation | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CIBEST.CL Grupo Cibest S.A. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ONGC.NS OIL AND NATURAL GAS CORPORATION LIMITED | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| INDHOTEL.NS THE INDIAN HOTELS COMPANY LIMITED | COMPLIANT | 0.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PT Telkom Indonesia (Persero) Tbk | UNSCREENED | 0.07% | no in-house ratios for this holding |
| 000720.KS HYUNDAI ENGINEERING & CONSTRUCTION CO.,LTD | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HANMI Semiconductor CO., LTD. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| NPH.JO Northam Platinum Holdings Limited | COMPLIANT | 0.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CGPOWER.NS CG POWER AND INDUSTRIAL SOLUTIONS LIMITED | COMPLIANT | 0.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 079550.KS LIG Defense&Aerospace Co., Ltd | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADANIPOWER.NS ADANI POWER LIMITED | COMPLIANT | 0.07% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Almarai Company SJSC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| MERITZ FINANCIAL GROUP INC. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| TAIWAN MOBILE CO., LTD. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| RDY DR.REDDY'S LABORATORIES LTD | COMPLIANT | 0.06% | AAOIFI1.0% Usmani1.8% Dow Jones Islamic0.9% S&P Shariah0.9% MSCI Islamic1.8% MSCI Islamic M-Series0.9% FTSE Shariah1.8% |
| PERSISTENT.NS PERSISTENT SYSTEMS LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Korea Investment Holdings Co., Ltd | UNSCREENED | 0.06% | no in-house ratios for this holding |
| MOL Magyar Olaj- es Gazipari Nyilvanosan Mukodo Reszvenytarsasag | UNSCREENED | 0.06% | no in-house ratios for this holding |
| DMART.NS AVENUE SUPERMARTS LIMITED | COMPLIANT | 0.06% | AAOIFI1.0% Usmani13.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic8.2% MSCI Islamic M-Seriespass FTSE Shariah8.2% |
| INDUSINDBK.NS INDUSIND BANK LTD. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2376.TW GIGABYTE TECHNOLOGY CO., LTD. | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| AUBANK.NS AU SMALL FINANCE BANK LIMITED | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TATACONSUM.NS TATA CONSUMER PRODUCTS LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Commercial International Bank - Egypt (CIB) | UNSCREENED | 0.06% | no in-house ratios for this holding |
| GVT&D.BO GE VERNOVA T&D INDIA LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| TMPV.BO TATA MOTORS PASSENGER VEHICLES LIMITED | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VEDANTA ALUMINIUM METAL LIMITED | UNSCREENED | 0.06% | no in-house ratios for this holding |
| LPP SPOLKA AKCYJNA | UNSCREENED | 0.06% | no in-house ratios for this holding |
| Bangkok Dusit Medical Services Public Company Limited | UNSCREENED | 0.06% | no in-house ratios for this holding |
| REMGRO LIMITED | UNSCREENED | 0.06% | no in-house ratios for this holding |
| AIRTAC INTERNATIONAL GROUP | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BRITANNIA.NS BRITANNIA INDUSTRIES LTD | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 096770.KS SK Innovation Co., Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 005830.KS DB INSURANCE CO.,LTD | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TATAPOWER.NS THE TATA POWER COMPANY LIMITED | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BCI.SN Banco de Credito e Inversiones | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOFUBL.MX Coca-Cola FEMSA, S.A.B. de C.V. | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2801.TW CHANG HWA COMMERCIAL BANK, LTD. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RENT3.SA Localiza Rent a Car S.A. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AC.MX Arca Continental, S.A.B. de C.V. | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| The Siam Cement Public Company Limited | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BSANTANDER.SN Banco Santander-Chile | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADNOC GAS PLC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| VOD.JO VODACOM GROUP LIMITED | NON_COMPLIANT | 0.06% | AAOIFI30.9% Usmani42.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic34.1% MSCI Islamic M-Seriesfail FTSE Shariah34.1% |
| GGBR4.SA GERDAU S.A. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 5347.TWO Vanguard International Semiconductor Corporation | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 086280.KS HYUNDAI GLOVIS Co., LTD. | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 4938.TW Pegatron Corporation | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BVN Compania de Minas Buenaventura S.A.A. | COMPLIANT | 0.06% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| DIXON.NS DIXON TECHNOLOGIES (INDIA) LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| NRP.JO NEPI ROCKCASTLE N.V. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BHEL.BO BHARAT HEAVY ELECTRICALS LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2356.TW INVENTEC CORPORATION | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PTXLF PTT EXPLORATION AND PRODUCTION PUBLIC COMPANY LIMITED | COMPLIANT | 0.06% | AAOIFI26.2% Usmani17.4% Dow Jones Islamic28.8% S&P Shariah28.8% MSCI Islamic13.6% MSCI Islamic M-Series28.8% FTSE Shariah13.6% |
| DIB.AE Dubai Islamic Bank P.J.S.C. | NON_COMPLIANT | 0.06% | AAOIFI48.4% Usmani6.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.1% MSCI Islamic M-Seriesfail FTSE Shariah6.1% |
| VBL.NS VARUN BEVERAGES LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5871.TW CHAILEASE HOLDING COMPANY LIMITED | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Richter Gedeon Vegyeszeti Gyar Nyilvanosan Mukodo Rt. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| 4904.TW Far EasTone Telecommunications Co., Ltd. | COMPLIANT | 0.06% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LUPIN.NS LUPIN LIMITED | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| HDFCAMC.NS HDFC Asset Management Company Ltd | COMPLIANT | 0.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BPCL.NS BHARAT PETROLEUM CORPORATION LIMITED | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CPLE3.SA Companhia Paranaense de Energia - Copel | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PIDILITIND.NS PIDILITE INDUSTRIES LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Dr. Sulaiman Al Habib Medical Services Group Company | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Arab National Bank SJSC | UNSCREENED | 0.05% | no in-house ratios for this holding |
| HDFCLIFE.NS HDFC LIFE INSURANCE COMPANY LIMITED | NON_COMPLIANT | 0.05% | AAOIFI2.7% Usmani0.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.8% MSCI Islamic M-Seriesfail FTSE Shariah0.8% |
| INDUSTOWER.NS INDUS TOWERS LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ASHOKLEY.NS ASHOK LEYLAND LIMITED | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BHARATFORG.NS BHARAT FORGE LTD | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SUZB3.SA SUZANO S.A. | NON_COMPLIANT | 0.05% | AAOIFI167.1% Usmani64.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic60.6% MSCI Islamic M-Seriesfail FTSE Shariah60.6% |
| ADANIENT.BO ADANI ENTERPRISES LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MBANK SPOLKA AKCYJNA | UNSCREENED | 0.05% | no in-house ratios for this holding |
| 5398.KL GAMUDA BERHAD | NON_COMPLIANT | 0.05% | AAOIFI32.7% Usmani33.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic32.5% MSCI Islamic M-Seriesfail FTSE Shariah32.5% |
| POLYCAB.NS POLYCAB INDIA LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5876.TW THE SHANGHAI COMMERCIAL & SAVINGS BANK, LTD. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BB Seguridade Participacoes S.A. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| SUZLON.NS SUZLON ENERGY LIMITED | COMPLIANT | 0.05% | AAOIFI1.6% Usmani6.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic5.2% MSCI Islamic M-Seriespass FTSE Shariah5.2% |
| BANK ALBILAD SJSC | UNSCREENED | 0.05% | no in-house ratios for this holding |
| NAUKRI.NS INFO EDGE (INDIA) LIMITED | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1101.TW TCC Group Holdings CO., LTD. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 006800.KS MIRAE ASSET SECURITIES CO.,LTD. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Ultrapar Participacoes S.A. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Raia Drogasil S/A | UNSCREENED | 0.05% | no in-house ratios for this holding |
| POSCO FUTURE M CO., LTD. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| International Games System Co Ltd | UNSCREENED | 0.05% | no in-house ratios for this holding |
| SOLARINDS.NS SOLAR INDUSTRIES INDIA LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PFC.NS POWER FINANCE CORPORATION LIMITED | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 005380.KS HYUNDAI MOTOR COMPANY | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 010950.KS S-Oil Corporation | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BSE.NS BSE Limited | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ENEV3.SA Eneva S.A. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Fibra Uno Administracion S.C. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| 015760.KS KOREA ELECTRIC POWER CORPORATION | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BBDC3.SA Banco Bradesco S.A. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| eMemory Technology Inc | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Rede D'Or Sao Luiz S.A. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| DINO POLSKA SPOLKA AKCYJNA | UNSCREENED | 0.05% | no in-house ratios for this holding |
| AUROPHARMA.NS AUROBINDO PHARMA LTD | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GCARSOA1.MX GRUPO CARSO, S.A.B. DE C.V. | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 247540.KQ ECOPRO BM CO.,LTD. | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Samyang Foods Inc. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| AKBANK TURK ANONIM SIRKETI | UNSCREENED | 0.05% | no in-house ratios for this holding |
| FORTIS.NS FORTIS HEALTHCARE LIMITED | COMPLIANT | 0.05% | AAOIFI5.1% Usmani25.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic21.7% MSCI Islamic M-Seriespass FTSE Shariah21.7% |
| DLF.NS DLF LIMITED | NON_COMPLIANT | 0.05% | AAOIFI0.2% Usmani0.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.4% MSCI Islamic M-Seriesfail FTSE Shariah0.4% |
| OUT.JO OUTsurance Group Limited | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WIT WIPRO LIMITED | COMPLIANT | 0.05% | AAOIFI9.7% Usmani12.6% Dow Jones Islamic6.7% S&P Shariah6.7% MSCI Islamic12.6% MSCI Islamic M-Series6.7% FTSE Shariah12.6% |
| KTB1.F KRUNG THAI BANK PUBLIC COMPANY LIMITED | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 259960.KS KRAFTON, Inc. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NYKAA.NS FSN E-COMMERCE VENTURES LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| UNITDSPR.NS UNITED SPIRITS LIMITED | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| POWERINDIA.NS HITACHI ENERGY INDIA LIMITED | COMPLIANT | 0.05% | AAOIFI0.1% Usmani1.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.7% MSCI Islamic M-Seriespass FTSE Shariah0.7% |
| BVT.JO THE BIDVEST GROUP LIMITED | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BIMBOA.MX Grupo Bimbo, S.A.B. de C.V. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOREAN WON | UNSCREENED | 0.05% | no in-house ratios for this holding |
| JINDALSTEL.NS JINDAL STEEL LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASII.JK PT Astra International Tbk | NON_COMPLIANT | 0.05% | AAOIFI60.1% Usmani22.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic21.7% MSCI Islamic M-Seriesfail FTSE Shariah21.7% |
| ASURB.MX Grupo Aeroportuario del Sureste, S.A.B. de C.V. | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| MARICO.NS MARICO LIMITED | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2207.TW HOTAI MOTOR CO.,LTD. | NON_COMPLIANT | 0.05% | AAOIFI104.3% Usmani60.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic60.1% MSCI Islamic M-Series— FTSE Shariah60.1% |
| PROLOGIS PROPERTY MEXICO SA DE CV | UNSCREENED | 0.05% | no in-house ratios for this holding |
| JBS JBS N.V. | NON_COMPLIANT | 0.05% | AAOIFI1.4% Usmani0.4% Dow Jones Islamic— S&P Shariah— MSCI Islamic0.4% MSCI Islamic M-Series— FTSE Shariah0.4% |
| VIV TELEFONICA BRASIL S.A | COMPLIANT | 0.05% | AAOIFI18.3% Usmani15.9% Dow Jones Islamic14.8% S&P Shariah17.5% MSCI Islamic15.9% MSCI Islamic M-Series17.5% FTSE Shariah15.9% |
| NEW TAIWAN DOLLAR | UNSCREENED | 0.05% | no in-house ratios for this holding |
| BDO UNIBANK, INC. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| KPCPF KASIKORNBANK PUBLIC COMPANY LIMITED | NON_COMPLIANT | 0.04% | AAOIFI39.4% Usmani4.9% Dow Jones Islamic57.8% S&P Shariah66.8% MSCI Islamic4.9% MSCI Islamic M-Series66.8% FTSE Shariah4.9% |
| DEWA.AE Dubai Electricity and Water Authority PJSC | COMPLIANT | 0.04% | AAOIFI28.4% Usmani19.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.8% MSCI Islamic M-Seriespass FTSE Shariah19.8% |
| YTL POWER INTERNATIONAL BERHAD | UNSCREENED | 0.04% | no in-house ratios for this holding |
| ADNOC DRILLING COMPANY P.J.S.C. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| LOTES CO., LTD. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| PPH.JO PEPKOR HOLDINGS LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| APLAPOLLO.NS APL APOLLO TUBES LIMITED | COMPLIANT | 0.04% | AAOIFI0.8% Usmani6.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic5.6% MSCI Islamic M-Series— FTSE Shariah5.6% |
| 1015.KL AMMB HOLDINGS BERHAD | NON_COMPLIANT | 0.04% | AAOIFI61.6% Usmani6.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.6% MSCI Islamic M-Seriesfail FTSE Shariah6.6% |
| FALABELLA.SN FALABELLA S.A. | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GAIL.NS GAIL (INDIA) LIMITED | COMPLIANT | 0.04% | AAOIFI21.9% Usmani21.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic17.7% MSCI Islamic M-Seriespass FTSE Shariah17.7% |
| 2834.TW TAIWAN BUSINESS BANK, LTD. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Reinet Investments S.C.A. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| CD PROJEKT RED S.A. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| RECLTD.NS REC LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IOC.NS INDIAN OIL CORPORATION LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IQCD.QA Industries Qatar Q.P.S.C | COMPLIANT | 0.04% | AAOIFI0.7% Usmani1.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.9% |
| TAF1.F TRUE CORPORATION PUBLIC COMPANY LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Interconexion Electrica S.A. E.S.P. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| SWIGGY.NS SWIGGY LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ICICIGI.NS ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ELM COMPANY SJSC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 024110.KS INDUSTRIAL BANK OF KOREA | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GEK TERNA SOCIETE ANONYME | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Central Pattana Public Company Limited | UNSCREENED | 0.04% | no in-house ratios for this holding |
| HANWHA SYSTEMS Co., Ltd. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 8069.TWO E INK HOLDINGS INC. | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Grupo Financiero Inbursa, S.A.B. de C.V. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| VEDL.NS VEDANTA LIMITED | COMPLIANT | 0.04% | AAOIFI26.4% Usmani12.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| IDEA.NS VODAFONE IDEA LIMITED | NON_COMPLIANT | 0.04% | AAOIFI119.0% Usmani122.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic100.5% MSCI Islamic M-Seriesfail FTSE Shariah100.5% |
| PHOENIXLTD.BO THE PHOENIX MILLS LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SIGMAFA.MX Sigma Foods, S.A.B. de C.V. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ITUB Itau Unibanco Holding S.A. | NON_COMPLIANT | 0.04% | AAOIFI132.6% Usmani27.8% Dow Jones Islamic351.6% S&P Shariah388.8% MSCI Islamic27.8% MSCI Islamic M-Series388.8% FTSE Shariah27.8% |
| ABB.NS ABB INDIA LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Komercni banka, a.s. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Saudi Energy Company SJSC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| CBQK.QA The Commercial Bank (P.S.Q.C.) | NON_COMPLIANT | 0.04% | AAOIFI245.2% Usmani21.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic21.4% MSCI Islamic M-Seriesfail FTSE Shariah21.4% |
| BOSCHLTD.NS BOSCH LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| IDFCFIRSTB.BO IDFC FIRST BANK LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GODREJCP.NS GODREJ CONSUMER PRODUCTS LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SRF.BO SRF LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1066.KL RHB BANK BERHAD | NON_COMPLIANT | 0.04% | AAOIFI43.2% Usmani4.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.4% MSCI Islamic M-Seriesfail FTSE Shariah4.4% |
| MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P | UNSCREENED | 0.04% | no in-house ratios for this holding |
| MUTHOOTFIN.NS MUTHOOT FINANCE LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OU8.F SCB X PUBLIC COMPANY LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5819.KL HONG LEONG BANK BERHAD | NON_COMPLIANT | 0.04% | AAOIFI11.0% Usmani1.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.6% MSCI Islamic M-Seriesfail FTSE Shariah1.6% |
| HINDPETRO.NS HINDUSTAN PETROLEUM CORPORATION LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PRESIDENT CHAIN STORE CORPORATION | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 003490.KS KOREAN AIR LINES CO.,LTD | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IHH HEALTHCARE BERHAD | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 011200.KS HMM CO.,LTD | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SIEMENS.NS SIEMENS LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| YESBANK.NS YES BANK LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LODHA.NS LODHA DEVELOPERS LIMITED | COMPLIANT | 0.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Fortune Electric Co., Ltd. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| BOUBYAN.KW BOUBYAN BANK K.S.C.P. | NON_COMPLIANT | 0.04% | AAOIFI16.5% Usmani5.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.1% MSCI Islamic M-Seriesfail FTSE Shariah5.1% |
| RAIL3.SA RUMO S.A. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OMAB Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | COMPLIANT | 0.04% | AAOIFI11.0% Usmani39.3% Dow Jones Islamic1.6% S&P Shariah1.8% MSCI Islamic39.3% MSCI Islamic M-Series1.8% FTSE Shariah39.3% |
| PETRONAS GAS BERHAD | UNSCREENED | 0.04% | no in-house ratios for this holding |
| BANK MILLENNIUM SPOLKA AKCYJNA | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 161390.KS HANKOOK TIRE & TECHNOLOGY CO., LTD. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Kimberly-Clark de Mexico, S.A.B. de C.V. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Companhia Energetica de Minas Gerais - CEMIG | UNSCREENED | 0.04% | no in-house ratios for this holding |
| ASSECO POLAND SPOLKA AKCYJNA | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ZAB.WA Zabka Group SA | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ABCAPITAL.NS ADITYA BIRLA CAPITAL LIMITED | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Bupa Arabia for Cooperative Insurance Company SJSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| NATIONALUM.NS NATIONAL ALUMINIUM CO LTD | COMPLIANT | 0.03% | AAOIFI0.3% Usmani1.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.8% MSCI Islamic M-Seriespass FTSE Shariah0.8% |
| 2618.TW EVA AIRWAYS CORPORATION | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| QATAR GAS TRANSPORT COMPANY LIMITED (NAKILAT) (QPSC) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| 5211.KL SUNWAY BERHAD | NON_COMPLIANT | 0.03% | AAOIFI45.8% Usmani39.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic39.0% MSCI Islamic M-Seriesfail FTSE Shariah39.0% |
| AXIA Energia S.A. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| SD GUTHRIE BERHAD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ADNOC Logistics & Services PLC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BAJAJHLDNG.NS BAJAJ HOLDINGS & INVESTMENT LIMITED. | NON_COMPLIANT | 0.03% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| Bumrungrad Hospital Public Company Limited | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ORDS.QA Ooredoo Q.P.S.C. | NON_COMPLIANT | 0.03% | AAOIFI39.0% Usmani30.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.2% MSCI Islamic M-Seriesfail FTSE Shariah25.2% |
| YUHAN CORPORATION | UNSCREENED | 0.03% | no in-house ratios for this holding |
| LTM.NS LTM Limited | COMPLIANT | 0.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| KOC HOLDING ANONIM SIRKETI | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MARK.QA AlRayan Bank Q.P.S.C. | NON_COMPLIANT | 0.03% | AAOIFI67.7% Usmani7.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.0% MSCI Islamic M-Seriesfail FTSE Shariah7.0% |
| 2609.TW YANG MING MARINE TRANSPORT CORPORATION | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MALLPLAZA.SN Plaza S.A. | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TURK HAVA YOLLARI ANONIM ORTAKLIGI | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MPHASIS.BO MPHASIS LIMITED | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Emaar Development PJSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AMOREPACIFIC CORPORATION | UNSCREENED | 0.03% | no in-house ratios for this holding |
| 005380.KS HYUNDAI MOTOR COMPANY | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TIINDIA.NS TUBE INVESTMENTS OF INDIA LIMITED | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SUNDARMFIN.NS SUNDARAM FINANCE LIMITED | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| QIIK.QA QATAR INTERNATIONAL ISLAMIC BANK (Q.P.S.C.) | NON_COMPLIANT | 0.03% | AAOIFI31.7% Usmani8.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.2% MSCI Islamic M-Seriesfail FTSE Shariah8.2% |
| MRF.NS MRF LIMITED | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| UNIONBANK.NS UNION BANK OF INDIA LIMITED | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AIRARABIA.AE AIR ARABIA PJSC | COMPLIANT | 0.03% | AAOIFI12.0% Usmani22.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.7% MSCI Islamic M-Seriesfail FTSE Shariah15.7% |
| HTO.AT HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GODREJPROP.NS GODREJ PROPERTIES LIMITED | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LTF.NS L&T Finance Limited | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 352820.KS HYBE Co., Ltd. | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MOTV3.SA MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A. | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PINFRA.MX Promotora y Operadora de Infraestructura, S.A.B. de C.V. | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UPL.BO UPL LIMITED | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BELA.AT JUMBO S.A. | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TIMS3.SA TIM S.A. | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| OFSS.BO ORACLE FINANCIAL SERVICES SOFTWARE LIMITED | COMPLIANT | 0.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DAR AL ARKAN REAL ESTATE DEVELOPMENT COMPANY SJSC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BANK OF THE PHILIPPINE ISLANDS | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ENRIN.NS Siemens Energy India Ltd | COMPLIANT | 0.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PRESTIGE.NS PRESTIGE ESTATES PROJECTS LIMITED | COMPLIANT | 0.03% | AAOIFI25.7% Usmani27.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic24.1% MSCI Islamic M-Seriespass FTSE Shariah24.1% |
| IOI CORPORATION BERHAD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| BBNI.JK PT Bank Negara Indonesia (Persero) Tbk | NON_COMPLIANT | 0.03% | AAOIFI50.6% Usmani5.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.2% MSCI Islamic M-Seriesfail FTSE Shariah5.2% |
| NMDC.BO NMDC LIMITED | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SM PRIME HOLDINGS, INC. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MANKIND.NS MANKIND PHARMA LIMITED | COMPLIANT | 0.03% | AAOIFI6.6% Usmani22.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic22.5% MSCI Islamic M-Seriespass FTSE Shariah22.5% |
The published standards disagree about this fund by 27 points of portfolio weight — 55.5% of it passes AAOIFI, 28.9% 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 55.5% ratios fail on 25.1% 20.4% not rated under AAOIFI
ratios pass on 34.0% ratios fail on 46.5% 20.4% not rated under Usmani
ratios pass on 53.4% ratios fail on 26.5% 21.1% not rated under Dow Jones Islamic
ratios pass on 53.6% ratios fail on 26.3% 21.1% not rated under S&P Shariah
ratios pass on 28.9% ratios fail on 51.7% 20.4% not rated under MSCI Islamic
ratios pass on 53.0% ratios fail on 26.9% 21.1% not rated under MSCI Islamic M-Series
ratios pass on 34.7% ratios fail on 45.8% 20.4% not rated under FTSE Shariah
421 of 639 listed holdings carry our own per-methodology verdicts (84% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 96 (39% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 2317.TW HON HAI PRECISION INDUSTRY CO., LTD. | 0.98% |
| HDFCBANK.NS HDFC BANK LIMITED | 0.87% |
| ICICIBANK.NS ICICI BANK LIMITED | 0.83% |
| VALE VALE S.A. | 0.54% |
| NU Nu Holdings Ltd. | 0.54% |
| 105560.KS KB Financial Group Inc. | 0.45% |
| ITUB Itau Unibanco Holding S.A. | 0.42% |
| 005380.KS HYUNDAI MOTOR COMPANY | 0.40% |
| 2881.TW Fubon Financial Holding Co., Ltd. | 0.39% |
| NPN.JO NASPERS LIMITED | 0.38% |
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.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Structure1 of 5 timeframes bullish · 39.1% aligned
VWAPPrice below VWAP ($89.31)
VolumeRelative volume 3.4× the 20-day average
Momentum10-day rate of change -3.5%
iShares MSCI Emerging Markets ex China ETF (EMXC) 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.
Market & analysts
Momentum (10d)
-3.5%
rate of change
SMC grade
D · 35
39.1% aligned
D · 35
SMC grade — 39.1% timeframe alignment
-3.5%
Rate of change (10d)
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for EMXC — this runs off the critical path so the page paints first. It will appear here on its own.
| Investor | Firm | Position | Weight | As of |
|---|---|---|---|---|
| Ray Dalio | Bridgewater Associates | $90M | 0.4% | 2026-06-30 |
| Ken Fisher | Fisher Asset Management | $2M | 0.0% | 2026-06-30 |
From the most recent 13F on file. A 13F reports long US equity positions quarterly and in arrears — it is what a manager held on the report date, not what they hold today.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Support & Resistance
S3
86.66
S2
87.49
S1
88.56
PIVOT
89.39
R1
90.46
R2
91.29
R3
92.36
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.
7-day expected range
98.13
–
105.09
±3.42% from 101.61, made 2026-09-10 · resolves 2026-09-17
STRONG BUY
from 19 indicators
61.9% of our last
5789 forecasts — across every
instrument we forecast, not just this one — landed inside their
stated range, and
49.9% called the direction correctly.
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.
STRONG SELL
19 indicators
OscillatorsSTRONG SELL
1 buy · 4 neutral · 2 sell
Moving averagesSTRONG SELL
1 buy · 0 neutral · 11 sell
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 43.80 | NEUTRAL |
| Stochastic %K (14) | 52.40 | NEUTRAL |
| CCI (20) | -48.80 | NEUTRAL |
| Williams %R (14) | -47.60 | NEUTRAL |
| MACD (12,26,9) | 0.24 | BUY |
| ROC (10) | -0.71 | SELL |
| Momentum (10) | -0.63 | SELL |
| EMA (10) | 89.22 | SELL |
| SMA (10) | 88.36 | BUY |
| EMA (20) | 90.66 | SELL |
| SMA (20) | 90.41 | SELL |
| EMA (30) | 92.01 | SELL |
| SMA (30) | 92.91 | SELL |
| EMA (50) | 93.61 | SELL |
| SMA (50) | 95.74 | SELL |
| EMA (100) | 94.14 | SELL |
| SMA (100) | 95.86 | SELL |
| EMA (200) | 89.74 | SELL |
| SMA (200) | 92.07 | SELL |
About iShares MSCI Emerging Markets ex China ETF
The fund generally will invest at least 80% of its assets in the component securities of the index and in investments that have economic characteristics that are substantially identical to the component securities of its index. The index is a free float-adjusted market capitalization-weighted index that captures large- and mid-capitalization stocks across 23 of the 24 Emerging Markets countries, excluding China. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Grade 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 | RANGING | 44 |
| ⏰ 4H | BEARISH | 38 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
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.
-3.5%
Rate of change (10d)
3.4×
Volume vs its 20-day average
-2.41
MACD (no fresh cross)
$88.82
Volume POC (today)
$88.28 – $89.00
Value area
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.