ENORETF / FundiShares MSCI Norway ETF
Verdicts genuinely change. Free email alert the moment ENOR'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.
iShares MSCI Norway ETF ETF · iShares Trust
65 holdings · as of 2026-08-31 (2.5 months ago)
NON-COMPLIANT 70.92% of portfolio weight is in non-compliant holdings, over the 5% threshold.
65 holdings, 58 matched (96% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
2.35% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (52 of 65 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.
25.5% compliant 0.0% questionable 70.6% non-compliant 3.9% unscreened
All holdings (65)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| EQNR EQUINOR ASA | NON_COMPLIANT | 12.54% | AAOIFI2.5% Usmani18.0% Dow Jones Islamic32.5% S&P Shariah32.6% MSCI Islamic18.0% MSCI Islamic M-Series32.6% FTSE Shariah18.0% |
| DNB.OL DNB BANK ASA | NON_COMPLIANT | 11.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOG.OL KONGSBERG GRUPPEN ASA | NON_COMPLIANT | 5.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NHY.OL Norsk Hydro ASA | COMPLIANT | 5.40% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AKRBP.OL AKER BP ASA | NON_COMPLIANT | 5.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| MOWI.OL MOWI ASA | NON_COMPLIANT | 3.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TEL.OL TELENOR ASA | NON_COMPLIANT | 3.76% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| STB.OL STOREBRAND ASA | NON_COMPLIANT | 3.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUBC.OL Subsea 7 S.A. | COMPLIANT | 3.45% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| YARIY YARA INTERNATIONAL ASA | NON_COMPLIANT | 3.24% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ORK.OL ORKLA ASA | COMPLIANT | 3.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FRONTLINE PLC | UNSCREENED | 2.66% | no in-house ratios for this holding |
| GJF.OL GJENSIDIGE FORSIKRING ASA | NON_COMPLIANT | 2.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VAR.OL VAR ENERGI ASA | NON_COMPLIANT | 2.08% | AAOIFI44.6% Usmani24.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic23.7% MSCI Islamic M-Series— FTSE Shariah23.7% |
| SB1NO.OL SPAREBANK 1 SOR-NORGE ASA | NON_COMPLIANT | 2.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VEND.OL VEND MARKETPLACES ASA | COMPLIANT | 1.88% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SALM.OL SALMAR ASA | COMPLIANT | 1.71% | AAOIFI28.9% Usmani43.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic40.2% MSCI Islamic M-Seriespass FTSE Shariah40.2% |
| AKER.OL AKER ASA | NON_COMPLIANT | 1.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NOD.OL NORDIC SEMICONDUCTOR ASA | COMPLIANT | 1.33% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| TGSGY TGS ASA | COMPLIANT | 1.19% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MING.OL SPAREBANK 1 SMN | NON_COMPLIANT | 1.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KMAR.OL KONGSBERG MARITIME ASA | NON_COMPLIANT | 1.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PROT.OL PROTECTOR FORSIKRING ASA | NON_COMPLIANT | 1.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TOM.OL TOMRA SYSTEMS ASA | COMPLIANT | 1.07% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BAKKA.OL P/F Bakkafrost | COMPLIANT | 1.02% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BWLPG.OL BW LPG Limited | COMPLIANT | 0.96% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| KIT.OL Kitron ASA | COMPLIANT | 0.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| HAUTO.OL HOEGH AUTOLINERS ASA | COMPLIANT | 0.80% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DOFG.OL DOF GROUP ASA | NON_COMPLIANT | 0.80% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AUTO.OL AutoStore Holdings Ltd. | COMPLIANT | 0.75% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| WAWI.OL WALLENIUS WILHELMSEN ASA | NON_COMPLIANT | 0.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NONG.OL SPAREBANK 1 NORD-NORGE | NON_COMPLIANT | 0.69% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ATEA.OL ATEA ASA | COMPLIANT | 0.63% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| EPR.OL EUROPRIS ASA | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CADLR.OL Cadeler A/S | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SCATC.OL SCATEC ASA | NON_COMPLIANT | 0.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AKSO.OL AKER SOLUTIONS ASA | COMPLIANT | 0.57% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BNOR.OL BLUENORD ASA | NON_COMPLIANT | 0.55% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LSG.OL LEROY SEAFOOD GROUP ASA | NON_COMPLIANT | 0.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ODL.OL ODFJELL DRILLING LTD | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SPAREBANK 1 OSTLANDET | UNSCREENED | 0.42% | no in-house ratios for this holding |
| ELK.OL ELKEM ASA | NON_COMPLIANT | 0.40% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| MPCC.OL MPC CONTAINER SHIPS ASA | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | UNSCREENED | 0.38% | no in-house ratios for this holding |
| WWIB.OL WILH. WILHELMSEN HOLDING ASA | COMPLIANT | 0.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| DNO.OL DNO ASA | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SATS.OL SATS ASA | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AUSS.OL AUSTEVOLL SEAFOOD ASA | NON_COMPLIANT | 0.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NORCO.OL Norconsult ASA | COMPLIANT | 0.31% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NAS.OL NORWEGIAN AIR SHUTTLE ASA | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SNI.OL STOLT-NIELSEN LIMITED | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LINK.OL LINK MOBILITY GROUP HOLDING ASA | NON_COMPLIANT | 0.29% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NORWEGIAN KRONE | UNSCREENED | 0.27% | no in-house ratios for this holding |
| NORBT.OL Norbit ASA | COMPLIANT | 0.25% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ELO.OL ELOPAK ASA | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| B2I.OL B2 IMPACT ASA | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ENTRA.OL ENTRA ASA | NON_COMPLIANT | 0.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PUBLI.OL PPI Public Property Invest AB (publ) | NON_COMPLIANT | 0.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PLSV.OL Paratus Energy Services Ltd. | NON_COMPLIANT | 0.17% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BWO.OL BW OFFSHORE LIMITED | NON_COMPLIANT | 0.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares | UNSCREENED | 0.16% | no in-house ratios for this holding |
| BWE.OL BW ENERGY LIMITED | NON_COMPLIANT | 0.13% | AAOIFI65.5% Usmani54.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic39.7% MSCI Islamic M-Seriesfail FTSE Shariah39.7% |
| ODF.OL ODFJELL SE | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MICRO EURO STOXX SEP26 | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 37.0% of it passes AAOIFI, 21.2% passes Dow Jones 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 37.0% ratios fail on 55.1% 8.3% not rated under AAOIFI
ratios pass on 28.1% ratios fail on 51.5% 20.9% not rated under Usmani
ratios pass on 21.2% ratios fail on 56.3% 22.9% not rated under Dow Jones Islamic
ratios pass on 21.2% ratios fail on 56.3% 22.9% not rated under S&P Shariah
ratios pass on 27.1% ratios fail on 52.5% 20.9% not rated under MSCI Islamic
ratios pass on 21.2% ratios fail on 56.3% 22.9% not rated under MSCI Islamic M-Series
ratios pass on 30.8% ratios fail on 48.8% 20.9% not rated under FTSE Shariah
58 of 65 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 4 (16% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| EQNR EQUINOR ASA | 12.54% |
| DNB.OL DNB BANK ASA | 11.50% |
| KOG.OL KONGSBERG GRUPPEN ASA | 5.90% |
| AKRBP.OL AKER BP ASA | 5.04% |
| MOWI.OL MOWI ASA | 3.97% |
| TEL.OL TELENOR ASA | 3.76% |
| STB.OL STOREBRAND ASA | 3.67% |
| YARIY YARA INTERNATIONAL ASA | 3.24% |
| GJF.OL GJENSIDIGE FORSIKRING ASA | 2.52% |
| VAR.OL VAR ENERGI ASA | 2.08% |
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.
iShares MSCI Norway ETF (ENOR) 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 ENOR — 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) | 46.40 | NEUTRAL |
| Stochastic %K (14) | 28.28 | NEUTRAL |
| CCI (20) | -58.89 | NEUTRAL |
| Williams %R (14) | -71.72 | NEUTRAL |
| MACD (12,26,9) | -0.12 | SELL |
| ROC (10) | -4.41 | SELL |
| Momentum (10) | -1.66 | SELL |
| EMA (10) | 36.18 | SELL |
| SMA (10) | 36.17 | SELL |
| EMA (20) | 36.29 | SELL |
| SMA (20) | 36.57 | SELL |
| EMA (30) | 36.28 | SELL |
| SMA (30) | 36.21 | SELL |
| EMA (50) | 36.14 | SELL |
| SMA (50) | 36.30 | SELL |
| EMA (100) | 35.54 | BUY |
| SMA (100) | 35.35 | BUY |
| EMA (200) | 33.97 | BUY |
| SMA (200) | 34.70 | BUY |
About iShares MSCI Norway ETF
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the large-, mid- and small-capitalization segments of the equity market. in Norway. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | BULLISH | 44 |
| ⏰ 4H | NEUTRAL | 18 |
| 🕐 1H | RANGING | 74 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | RANGING | 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.
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.