HEALETF / FundGlobal X HealthTech ETF
Verdicts genuinely change. Free email alert the moment HEAL'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.
Global X HealthTech ETF ETF · GLOBAL X FUNDS
40 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 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 50.12% of portfolio weight is in non-compliant holdings, over the 5% threshold.
40 holdings, 35 matched (93% of weight). Portfolio as of 2026-08-31, filed 2026-10-29. Source: SEC Form N-PORT.
2.80% of this portfolio’s income is non-permissible — weighted across holdings, computed over 90% of portfolio weight (34 of 40 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.
44.4% compliant 0.0% questionable 48.8% non-compliant 6.8% unscreened
All holdings (40)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| VEEV VEEVA SYSTEMS INC. | NON_COMPLIANT | 5.96% | AAOIFI0.4% Usmani1.7% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic1.7% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| IQV IQVIA HOLDINGS INC | NON_COMPLIANT | 5.92% | AAOIFI36.7% Usmani55.2% Dow Jones Islamic47.8% S&P Shariah44.8% MSCI Islamic54.4% MSCI Islamic M-Series44.8% FTSE Shariah53.4% |
| OSCR OSCAR HEALTH, INC. | NON_COMPLIANT | 5.44% | AAOIFI4.3% Usmani3.8% Dow Jones Islamic8.0% S&P Shariah8.8% MSCI Islamic3.8% MSCI Islamic M-Series8.8% FTSE Shariah3.8% |
| DXCM DEXCOM, INC. | COMPLIANT | 5.31% | AAOIFI4.1% Usmani21.7% Dow Jones Islamic4.7% S&P Shariah4.0% MSCI Islamic20.9% MSCI Islamic M-Series4.0% FTSE Shariah19.3% |
| PME.AX Pro Medicus Limited | COMPLIANT | 4.68% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| RMD RESMED INC. | COMPLIANT | 4.20% | AAOIFI2.6% Usmani9.2% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic9.2% MSCI Islamic M-Series2.6% FTSE Shariah7.4% |
| GEHC GE HEALTHCARE TECHNOLOGIES INC. | NON_COMPLIANT | 4.17% | AAOIFI34.9% Usmani28.5% Dow Jones Islamic30.2% S&P Shariah30.1% MSCI Islamic28.4% MSCI Islamic M-Series30.1% FTSE Shariah27.3% |
| TEM TEMPUS AI, INC. | COMPLIANT | 4.10% | AAOIFI0.7% Usmani3.5% Dow Jones Islamic0.8% S&P Shariahpass MSCI Islamic3.5% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| HIMS HIMS & HERS HEALTH, INC. | COMPLIANT | 3.86% | AAOIFI2.8% Usmani5.0% Dow Jones Islamic2.2% S&P Shariah2.9% MSCI Islamic5.0% MSCI Islamic M-Series2.9% FTSE Shariah0.0% |
| PHIA.AS Koninklijke Philips N.V. | NON_COMPLIANT | 3.62% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| WAY Waystar Holding Corp. | NON_COMPLIANT | 3.60% | AAOIFI36.9% Usmani25.2% Dow Jones Islamic26.1% S&P Shariah— MSCI Islamic25.2% MSCI Islamic M-Series— FTSE Shariah25.0% |
| IRTC IRHYTHM HOLDINGS, INC. | COMPLIANT | 3.20% | AAOIFI17.9% Usmani66.5% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic66.5% MSCI Islamic M-Series19.6% FTSE Shariah59.5% |
| DEMANT.CO Demant A/S | NON_COMPLIANT | 3.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PODD INSULET CORPORATION | COMPLIANT | 3.04% | AAOIFI9.6% Usmani30.0% Dow Jones Islamic5.3% S&P Shariah5.9% MSCI Islamic30.0% MSCI Islamic M-Series5.9% FTSE Shariah30.0% |
| ISRG INTUITIVE SURGICAL, INC. | COMPLIANT | 2.95% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HTFL Heartflow, Inc. | COMPLIANT | 2.84% | AAOIFI0.6% Usmani7.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic7.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| FIDELITY COLCHESTER STR TR MONEY MKT GOV PORT | UNSCREENED | 2.82% | no in-house ratios for this holding |
| DOCS Doximity, Inc. | NON_COMPLIANT | 2.81% | AAOIFI0.2% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| TMDX TRANSMEDICS GROUP, INC. | NON_COMPLIANT | 2.70% | AAOIFI0.8% Usmani25.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic1.8% MSCI Islamic M-Series0.8% FTSE Shariah1.4% |
| HNGE Hinge Health, Inc. | COMPLIANT | 2.56% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.7% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| ALHC ALIGNMENT HEALTHCARE, INC. | NON_COMPLIANT | 2.08% | AAOIFI11.6% Usmani25.3% Dow Jones Islamic10.0% S&P Shariah12.5% MSCI Islamic25.3% MSCI Islamic M-Series12.5% FTSE Shariah25.3% |
| NRIX Nurix Therapeutics Inc | NON_COMPLIANT | 2.07% | AAOIFI2.1% Usmani10.9% Dow Jones Islamic4.1% S&P Shariah5.0% MSCI Islamic10.9% MSCI Islamic M-Series5.0% FTSE Shariah0.0% |
| 0241.HK ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED | COMPLIANT | 2.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PRVA PRIVIA HEALTH GROUP, INC. | NON_COMPLIANT | 1.93% | AAOIFI0.3% Usmani0.6% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| LFST LIFESTANCE HEALTH GROUP, INC. | COMPLIANT | 1.74% | AAOIFI9.7% Usmani21.7% Dow Jones Islamic17.3% S&P Shariah18.0% MSCI Islamic21.7% MSCI Islamic M-Series18.0% FTSE Shariah12.5% |
| RXRX Recursion Pharmaceuticals, Inc. | NON_COMPLIANT | 1.46% | AAOIFI3.4% Usmani5.5% Dow Jones Islamic7.3% S&P Shariah6.1% MSCI Islamic5.5% MSCI Islamic M-Series6.1% FTSE Shariah1.2% |
| INSP Inspire Medical Systems, Inc. | COMPLIANT | 1.36% | AAOIFI1.6% Usmani3.1% Dow Jones Islamic0.8% S&P Shariah0.7% MSCI Islamic3.1% MSCI Islamic M-Series0.7% FTSE Shariah0.0% |
| TNDM TANDEM DIABETES CARE, INC. | NON_COMPLIANT | 1.33% | AAOIFI53.4% Usmani64.0% Dow Jones Islamic49.0% S&P Shariah43.9% MSCI Islamic64.0% MSCI Islamic M-Series43.9% FTSE Shariah52.2% |
| Butterfly Network, Inc. | UNSCREENED | 1.31% | no in-house ratios for this holding |
| Clover Health Investments, Corp. | UNSCREENED | 1.27% | no in-house ratios for this holding |
| 4DX.AX 4DMedical Limited | NON_COMPLIANT | 1.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASTRANA HEALTH, INC. | UNSCREENED | 1.21% | no in-house ratios for this holding |
| NVCR NOVOCURE LIMITED | NON_COMPLIANT | 1.19% | AAOIFI13.9% Usmani29.2% Dow Jones Islamic12.6% S&P Shariah12.9% MSCI Islamic29.2% MSCI Islamic M-Series12.9% FTSE Shariah24.5% |
| OMCL OMNICELL, INC. | COMPLIANT | 1.11% | AAOIFI12.8% Usmani10.0% Dow Jones Islamic11.5% S&P Shariah11.9% MSCI Islamic10.0% MSCI Islamic M-Series11.9% FTSE Shariah8.4% |
| SDGR Schrodinger Inc | COMPLIANT | 1.01% | AAOIFI6.2% Usmani16.9% Dow Jones Islamic7.6% S&P Shariah6.9% MSCI Islamic16.9% MSCI Islamic M-Series6.9% FTSE Shariah0.0% |
| PRCT PROCEPT BioRobotics Corporation | COMPLIANT | 0.98% | AAOIFI5.9% Usmani16.2% Dow Jones Islamic3.0% S&P Shariah3.0% MSCI Islamic16.2% MSCI Islamic M-Series3.0% FTSE Shariah10.8% |
| TDOC TELADOC HEALTH, INC. | NON_COMPLIANT | 0.86% | AAOIFI90.7% Usmani37.5% Dow Jones Islamic74.9% S&P Shariah58.5% MSCI Islamic37.5% MSCI Islamic M-Series58.5% FTSE Shariah36.1% |
| XVIVO.ST Xvivo Perfusion AB | COMPLIANT | 0.61% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| KMTS Kestra Medical Technologies, Ltd. | NON_COMPLIANT | 0.56% | AAOIFI5.2% Usmani22.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic22.0% MSCI Islamic M-Seriesfail FTSE Shariah20.9% |
| Seers Co Ltd | UNSCREENED | 0.39% | no in-house ratios for this holding |
The published standards disagree about this fund by 32 points of portfolio weight — 55.0% of it passes Dow Jones Islamic, 23.4% 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 50.8% ratios fail on 42.2% 9.7% not rated under AAOIFI
ratios pass on 37.8% ratios fail on 54.3% 10.6% not rated under Usmani
ratios pass on 55.0% ratios fail on 34.4% 13.3% not rated under Dow Jones Islamic
ratios pass on 55.0% ratios fail on 34.4% 13.3% not rated under S&P Shariah
ratios pass on 23.4% ratios fail on 68.7% 10.6% not rated under MSCI Islamic
ratios pass on 55.0% ratios fail on 34.4% 13.3% not rated under MSCI Islamic M-Series
ratios pass on 35.9% ratios fail on 56.2% 10.6% not rated under FTSE Shariah
35 of 40 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 29 (80% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| VEEV VEEVA SYSTEMS INC. | 5.96% |
| IQV IQVIA HOLDINGS INC | 5.92% |
| OSCR OSCAR HEALTH, INC. | 5.44% |
| GEHC GE HEALTHCARE TECHNOLOGIES INC. | 4.17% |
| PHIA.AS Koninklijke Philips N.V. | 3.62% |
| WAY Waystar Holding Corp. | 3.60% |
| DEMANT.CO Demant A/S | 3.15% |
| DOCS Doximity, Inc. | 2.81% |
| TMDX TRANSMEDICS GROUP, INC. | 2.70% |
| ALHC ALIGNMENT HEALTHCARE, INC. | 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.
Global X HealthTech ETF (HEAL) 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 HEAL — 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) | 53.10 | NEUTRAL |
| Stochastic %K (14) | 32.27 | NEUTRAL |
| CCI (20) | 10.37 | NEUTRAL |
| Williams %R (14) | -67.73 | NEUTRAL |
| MACD (12,26,9) | -0.04 | SELL |
| ROC (10) | -0.45 | SELL |
| Momentum (10) | -0.14 | SELL |
| EMA (10) | 30.97 | SELL |
| SMA (10) | 31.09 | SELL |
| EMA (20) | 30.72 | BUY |
| SMA (20) | 30.76 | BUY |
| EMA (30) | 30.46 | BUY |
| SMA (30) | 30.30 | BUY |
| EMA (50) | 30.00 | BUY |
| SMA (50) | 29.85 | BUY |
| EMA (100) | 29.18 | BUY |
| SMA (100) | 29.04 | BUY |
| EMA (200) | 28.43 | BUY |
| SMA (200) | 27.28 | BUY |
About Global X HealthTech ETF
The underlying index is designed to provide exposure to exchange-listed companies that are positioned to benefit from further advances in the field of healthcare technology and the applications thereof, as determined by the index administrator. The principal investment strategy of the fund will be to invest at least 80% of its total assets, plus borrowings for investment purposes (if any), in the securities of the underlying index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 | 42 |
| 🕐 1H | NEUTRAL | 23 |
| ⏱ 15-Min | BEARISH | 93 |
| ⏲ 5-Min | BULLISH | 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.