ENZLETF / FundiShares MSCI New Zealand ETF
Verdicts genuinely change. Free email alert the moment ENZL'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 New Zealand ETF ETF · iShares Trust
31 holdings · as of 2026-08-31 (2.5 months ago)
NON-COMPLIANT At least 42.16% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 34% turns out to be. Matching more holdings can only raise this share, never lower it.
31 holdings, 19 matched (66% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
0.51% of this portfolio’s income is non-permissible — weighted across holdings, computed over 65% of portfolio weight (18 of 31 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (31)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| FISHER & PAYKEL HEALTHCARE CORPORATION LIMITED | UNSCREENED | 23.00% | no in-house ratios for this holding |
| AIA.NZ AUCKLAND INTERNATIONAL AIRPORT LIMITED | COMPLIANT | 13.05% | AAOIFI18.2% Usmani18.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.7% MSCI Islamic M-Seriespass FTSE Shariah18.7% |
| IFT.NZ INFRATIL LIMITED | NON_COMPLIANT | 11.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FBU.NZ FLETCHER BUILDING LIMITED | NON_COMPLIANT | 4.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| EBO.NZ EBOS GROUP LIMITED | NON_COMPLIANT | 4.13% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| MCY.NZ MERCURY NZ LIMITED | COMPLIANT | 4.06% | AAOIFI25.1% Usmani23.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic23.6% MSCI Islamic M-Seriespass FTSE Shariah23.6% |
| MEL.NZ MERIDIAN ENERGY LIMITED | COMPLIANT | 3.92% | AAOIFI13.8% Usmani12.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| CEN.NZ CONTACT ENERGY LIMITED | NON_COMPLIANT | 3.74% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SPK.NZ SPARK NEW ZEALAND LIMITED | NON_COMPLIANT | 3.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Goodman New Zealand Ltd and Goodman Property Services Ltd | UNSCREENED | 2.57% | no in-house ratios for this holding |
| FREIGHTWAYS GROUP LIMITED | UNSCREENED | 2.45% | no in-house ratios for this holding |
| SUM.NZ SUMMERSET GROUP HOLDINGS LIMITED | NON_COMPLIANT | 2.37% | AAOIFI96.9% Usmani21.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic21.4% MSCI Islamic M-Seriesfail FTSE Shariah21.4% |
| RYM.NZ RYMAN HEALTHCARE LIMITED | NON_COMPLIANT | 2.27% | AAOIFI77.6% Usmani14.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic14.1% MSCI Islamic M-Seriesfail FTSE Shariah14.1% |
| PCT.NZ PRECINCT PROPERTIES NEW ZEALAND LIMITED | NON_COMPLIANT | 2.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SKELLERUP HOLDINGS LIMITED | UNSCREENED | 1.98% | no in-house ratios for this holding |
| CHI.NZ CHANNEL INFRASTRUCTURE NZ LIMITED | COMPLIANT | 1.89% | AAOIFI22.4% Usmani24.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic24.8% MSCI Islamic M-Seriesfail FTSE Shariah24.8% |
| KIWI PROPERTY GROUP LIMITED | UNSCREENED | 1.89% | no in-house ratios for this holding |
| PFI.NZ PROPERTY FOR INDUSTRY LIMITED | NON_COMPLIANT | 1.59% | AAOIFI65.0% Usmani33.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic33.8% MSCI Islamic M-Seriesfail FTSE Shariah33.8% |
| HGH.NZ HEARTLAND GROUP HOLDINGS LIMITED | NON_COMPLIANT | 1.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SCL.NZ SCALES CORPORATION LIMITED | COMPLIANT | 1.46% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VHP.NZ VITAL HEALTHCARE PROPERTY TRUST | NON_COMPLIANT | 1.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ARG.NZ ARGOSY PROPERTY LIMITED | NON_COMPLIANT | 1.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SKC.NZ SKYCITY ENTERTAINMENT GROUP LIMITED | NON_COMPLIANT | 1.26% | AAOIFI92.5% Usmani33.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic27.6% MSCI Islamic M-Seriesfail FTSE Shariah27.6% |
| STRIDE PROPERTY LIMITED | UNSCREENED | 1.11% | no in-house ratios for this holding |
| AIR.NZ AIR NEW ZEALAND LIMITED | NON_COMPLIANT | 1.06% | 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 | 0.52% | no in-house ratios for this holding |
| Vista Group International Ltd | UNSCREENED | 0.16% | no in-house ratios for this holding |
| NEW ZEALAND DOLLAR | UNSCREENED | 0.08% | no in-house ratios for this holding |
| BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AUSTRALIAN DOLLAR | UNSCREENED | 0.01% | no in-house ratios for this holding |
| SPI 200 FUTURES SEP26 | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 22 points of portfolio weight — 42.6% of it passes MSCI Islamic, 21.0% 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 24.4% ratios fail on 42.2% 33.8% not rated under AAOIFI
ratios pass on 35.4% ratios fail on 31.1% 33.8% not rated under Usmani
ratios pass on 21.0% ratios fail on 45.5% 33.8% not rated under Dow Jones Islamic
ratios pass on 21.0% ratios fail on 45.5% 33.8% not rated under S&P Shariah
ratios pass on 42.6% ratios fail on 24.0% 33.8% not rated under MSCI Islamic
ratios pass on 21.0% ratios fail on 45.5% 33.8% not rated under MSCI Islamic M-Series
ratios pass on 42.6% ratios fail on 24.0% 33.8% not rated under FTSE Shariah
19 of 31 listed holdings carry our own per-methodology verdicts (67% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 8 (30% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| IFT.NZ INFRATIL LIMITED | 11.24% |
| FBU.NZ FLETCHER BUILDING LIMITED | 4.60% |
| EBO.NZ EBOS GROUP LIMITED | 4.13% |
| CEN.NZ CONTACT ENERGY LIMITED | 3.74% |
| SPK.NZ SPARK NEW ZEALAND LIMITED | 3.42% |
| SUM.NZ SUMMERSET GROUP HOLDINGS LIMITED | 2.37% |
| RYM.NZ RYMAN HEALTHCARE LIMITED | 2.27% |
| PCT.NZ PRECINCT PROPERTIES NEW ZEALAND LIMITED | 2.21% |
| PFI.NZ PROPERTY FOR INDUSTRY LIMITED | 1.59% |
| HGH.NZ HEARTLAND GROUP HOLDINGS LIMITED | 1.52% |
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 New Zealand ETF (ENZL) 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.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for ENZL — 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) | 50.30 | NEUTRAL |
| Stochastic %K (14) | 54.04 | NEUTRAL |
| CCI (20) | 24.36 | NEUTRAL |
| Williams %R (14) | -45.96 | NEUTRAL |
| MACD (12,26,9) | 0.11 | BUY |
| ROC (10) | 1.07 | BUY |
| Momentum (10) | 0.48 | BUY |
| EMA (10) | 45.42 | SELL |
| SMA (10) | 45.35 | SELL |
| EMA (20) | 45.27 | BUY |
| SMA (20) | 45.14 | BUY |
| EMA (30) | 45.28 | BUY |
| SMA (30) | 45.00 | BUY |
| EMA (50) | 45.43 | SELL |
| SMA (50) | 45.26 | BUY |
| EMA (100) | 45.59 | SELL |
| SMA (100) | 46.06 | SELL |
| EMA (200) | 45.27 | BUY |
| SMA (200) | 45.36 | SELL |
About iShares MSCI New Zealand 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 New Zealand. 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 | BULLISH | 43 |
| 🕐 1H | BULLISH | 29 |
| ⏱ 15-Min | BEARISH | 116 |
| ⏲ 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.
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.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
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.