IBD is not halal (non-compliant), per real-time Sharia compliance screening cross-checked against seven published Islamic finance ratio methodologies (AAOIFI, Usmani, Dow Jones Islamic, S&P Shariah, MSCI Islamic, MSCI Islamic M-Series, FTSE Shariah) computed from SEC filings.

IBD

ETF / Fund Inspire Corporate Bond ETF

$23.31

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Sharia status

NOT COMPLIANT

Screened by look-through to its filed holdings — 86% of portfolio weight covered

Fund look-through

Inspire Corporate Bond ETF ETF · Northern Lights Fund Trust IV

252 holdings · as of 2026-05-31 (3.6 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.

NON-COMPLIANT 40.00% of portfolio weight is in non-compliant holdings, over the 5% threshold.

252 holdings, 212 matched (86% of weight). Portfolio as of 2026-05-31, filed 2026-07-28. Source: SEC Form N-PORT.

1.12% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (186 of 252 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.

44.7% compliant 0.6% questionable 40.0% non-compliant 13.6% unscreened

All holdings (252) · showing 1–250

Holding	Status	Weight	Every methodology, and the debt ratio behind it
TRMB TRIMBLE INC	COMPLIANT	2.19%	AAOIFI10.6% Usmani17.1% Dow Jones Islamic8.8% S&P Shariah9.4% MSCI Islamic17.1% MSCI Islamic M-Series9.4% FTSE Shariah17.1%
APH AMPHENOL CORP	NON_COMPLIANT	2.19%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ARE ALEXANDRIA REAL ESTATE EQUITIES INC	NON_COMPLIANT	2.19%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
VLO VALERO ENERGY CORP	COMPLIANT	2.18%	AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1%
CBOE CBOE GLOBAL MARKETS INC	NON_COMPLIANT	2.18%	AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6%
CPT CAMDEN PROPERTY TRUST	NON_COMPLIANT	2.18%	AAOIFI34.0% Usmani51.3% Dow Jones Islamic42.8% S&P Shariah44.8% MSCI Islamic51.3% MSCI Islamic M-Series44.8% FTSE Shariah51.3%
AZO AUTOZONE INC	COMPLIANT	2.17%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ADP AUTOMATIC DATA PROCESSING INC	COMPLIANT	2.14%	AAOIFI5.0% Usmani8.5% Dow Jones Islamic5.0% S&P Shariah5.2% MSCI Islamic8.5% MSCI Islamic M-Series5.2% FTSE Shariah7.9%
BAX BAXTER INTERNATIONAL INC	NON_COMPLIANT	2.11%	AAOIFI1.7% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0%
JBL JABIL INC	COMPLIANT	2.10%	AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2%
CONAGRA BRANDS INC	UNSCREENED	2.09%	no in-house ratios for this holding
EVRG EVERGY INC	NON_COMPLIANT	2.08%	AAOIFI72.2% Usmani39.7% Dow Jones Islamic84.2% S&P Shariah94.4% MSCI Islamic39.4% MSCI Islamic M-Series94.4% FTSE Shariah39.2%
SUN COMMUNITIES OPERATING LP	UNSCREENED	2.07%	no in-house ratios for this holding
CAT CATERPILLAR INC	COMPLIANT	2.07%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ATO ATMOS ENERGY CORP	NON_COMPLIANT	2.07%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
FANG DIAMONDBACK ENERGY INC	COMPLIANT	2.05%	AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0%
CSL CARLISLE COMPANIES INC	COMPLIANT	2.04%	AAOIFI21.3% Usmani46.4% Dow Jones Islamic18.5% S&P Shariah18.3% MSCI Islamic46.4% MSCI Islamic M-Series18.3% FTSE Shariah46.4%
BOSTON PROPERTIES LP	UNSCREENED	2.03%	no in-house ratios for this holding
SWK STANLEY BLACK & DECKER INC	NON_COMPLIANT	1.97%	AAOIFI32.4% Usmani23.7% Dow Jones Islamic39.9% S&P Shariah39.2% MSCI Islamic23.7% MSCI Islamic M-Series39.2% FTSE Shariah23.7%
NEM NEWMONT CORP	COMPLIANT	1.97%	AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8%
EXR EXTRA SPACE STORAGE LP	NON_COMPLIANT	1.97%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
FTNT FORTINET INC	COMPLIANT	1.96%	AAOIFI0.4% Usmani4.6% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic4.6% MSCI Islamic M-Series0.8% FTSE Shariah4.6%
RVTY REVVITY INC	COMPLIANT	1.92%	AAOIFI23.1% Usmani27.9% Dow Jones Islamic27.9% S&P Shariah27.2% MSCI Islamic27.9% MSCI Islamic M-Series27.2% FTSE Shariah26.7%
RSG REPUBLIC SERVICES INC	COMPLIANT	1.87%	AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0%
BAX BAXTER INTERNATIONAL INC	NON_COMPLIANT	1.87%	AAOIFI1.7% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0%
DVN DEVON ENERGY CORP	COMPLIANT	0.25%	AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1%
KMI KINDER MORGAN INC	NON_COMPLIANT	0.24%	AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5%
R RYDER SYSTEM INC	NON_COMPLIANT	0.23%	AAOIFI89.3% Usmani52.5% Dow Jones Islamic114.3% S&P Shariah129.2% MSCI Islamic52.5% MSCI Islamic M-Series129.2% FTSE Shariah46.3%
PHM PULTEGROUP INC	COMPLIANT	0.23%	AAOIFI0.2% Usmani0.2% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.2% MSCI Islamic M-Series0.2% FTSE Shariah0.2%
EQT EQT CORP	COMPLIANT	0.23%	AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7%
ATO ATMOS ENERGY CORP	NON_COMPLIANT	0.23%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
TRGP TARGA RESOURCES CORP	NON_COMPLIANT	0.23%	AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7%
TENNESSEE GAS PIPELINE COMPANY LLC	UNSCREENED	0.23%	no in-house ratios for this holding
TRMB TRIMBLE INC	COMPLIANT	0.23%	AAOIFI10.6% Usmani17.1% Dow Jones Islamic8.8% S&P Shariah9.4% MSCI Islamic17.1% MSCI Islamic M-Series9.4% FTSE Shariah17.1%
CHENIERE ENERGY PARTNERS LP	UNSCREENED	0.22%	no in-house ratios for this holding
DTE DTE ENERGY COMPANY	NON_COMPLIANT	0.22%	AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9%
ES EVERSOURCE ENERGY	NON_COMPLIANT	0.22%	AAOIFI108.8% Usmani45.9% Dow Jones Islamic122.9% S&P Shariah132.3% MSCI Islamic45.9% MSCI Islamic M-Series132.3% FTSE Shariah45.9%
RGA REINSURANCE GROUP OF AMERICA INC	NON_COMPLIANT	0.22%	AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4%
QCOM QUALCOMM INC	COMPLIANT	0.22%	AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7%
OKE ONEOK INC	NON_COMPLIANT	0.22%	AAOIFI52.4% Usmani46.0% Dow Jones Islamic62.1% S&P Shariah68.1% MSCI Islamic46.0% MSCI Islamic M-Series68.1% FTSE Shariah46.0%
NDSN NORDSON CORP	COMPLIANT	0.22%	AAOIFI9.1% Usmani27.3% Dow Jones Islamic11.7% S&P Shariah11.8% MSCI Islamic27.0% MSCI Islamic M-Series11.8% FTSE Shariah25.9%
TRGP TARGA RESOURCES CORP	NON_COMPLIANT	0.22%	AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7%
VRSK VERISK ANALYTICS INC	QUESTIONABLE	0.22%	AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3%
IR INGERSOLL RAND INC	COMPLIANT	0.22%	AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4%
GL GLOBE LIFE INC	NON_COMPLIANT	0.22%	AAOIFI22.0% Usmani9.3% Dow Jones Islamic27.1% S&P Shariah28.2% MSCI Islamic9.3% MSCI Islamic M-Series28.2% FTSE Shariah9.3%
NFG NATIONAL FUEL GAS COMPANY	NON_COMPLIANT	0.22%	AAOIFI44.7% Usmani34.1% Dow Jones Islamic50.5% S&P Shariah57.4% MSCI Islamic34.1% MSCI Islamic M-Series57.4% FTSE Shariah34.1%
FBIN FORTUNE BRANDS INNOVATIONS INC	NON_COMPLIANT	0.22%	AAOIFI54.4% Usmani44.1% Dow Jones Islamic41.4% S&P Shariah37.9% MSCI Islamic44.1% MSCI Islamic M-Series37.9% FTSE Shariah40.2%
GPC GENUINE PARTS COMPANY	NON_COMPLIANT	0.22%	AAOIFI31.0% Usmani28.0% Dow Jones Islamic35.7% S&P Shariah34.4% MSCI Islamic28.0% MSCI Islamic M-Series34.4% FTSE Shariah20.1%
EQT EQT CORP	COMPLIANT	0.22%	AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7%
NDAQ NASDAQ INC	NON_COMPLIANT	0.22%	AAOIFI17.2% Usmani34.1% Dow Jones Islamic19.3% S&P Shariah21.8% MSCI Islamic34.1% MSCI Islamic M-Series21.8% FTSE Shariah32.0%
CCI CROWN CASTLE INC	NON_COMPLIANT	0.22%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
FANG DIAMONDBACK ENERGY INC	COMPLIANT	0.22%	AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0%
NNN REIT INC	UNSCREENED	0.22%	no in-house ratios for this holding
COKE COCA-COLA CONSOLIDATED INC	COMPLIANT	0.22%	AAOIFI20.9% Usmani59.2% Dow Jones Islamic25.1% S&P Shariah29.1% MSCI Islamic59.1% MSCI Islamic M-Series29.1% FTSE Shariah56.7%
AGCO CORP	UNSCREENED	0.22%	no in-house ratios for this holding
SOLV SOLVENTUM CORP	NON_COMPLIANT	0.22%	AAOIFI32.5% Usmani37.1% Dow Jones Islamic39.6% S&P Shariah41.1% MSCI Islamic35.7% MSCI Islamic M-Series41.1% FTSE Shariah35.7%
MHK MOHAWK INDUSTRIES INC	COMPLIANT	0.22%	AAOIFI29.9% Usmani17.1% Dow Jones Islamic31.4% S&P Shariah32.2% MSCI Islamic17.1% MSCI Islamic M-Series32.2% FTSE Shariah13.9%
SWK STANLEY BLACK & DECKER INC	NON_COMPLIANT	0.22%	AAOIFI32.4% Usmani23.7% Dow Jones Islamic39.9% S&P Shariah39.2% MSCI Islamic23.7% MSCI Islamic M-Series39.2% FTSE Shariah23.7%
NI NISOURCE INC	NON_COMPLIANT	0.22%	AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4%
SOLV SOLVENTUM CORP	NON_COMPLIANT	0.22%	AAOIFI32.5% Usmani37.1% Dow Jones Islamic39.6% S&P Shariah41.1% MSCI Islamic35.7% MSCI Islamic M-Series41.1% FTSE Shariah35.7%
VLTO VERALTO CORP	COMPLIANT	0.22%	AAOIFI12.4% Usmani37.5% Dow Jones Islamic11.8% S&P Shariah12.2% MSCI Islamic37.5% MSCI Islamic M-Series12.2% FTSE Shariah34.8%
FIRST CITIZENS BANCSHARES INC	UNSCREENED	0.22%	no in-house ratios for this holding
IR INGERSOLL RAND INC	COMPLIANT	0.22%	AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4%
MRVL MARVELL TECHNOLOGY INC	COMPLIANT	0.22%	AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0%
R RYDER SYSTEM INC	NON_COMPLIANT	0.22%	AAOIFI89.3% Usmani52.5% Dow Jones Islamic114.3% S&P Shariah129.2% MSCI Islamic52.5% MSCI Islamic M-Series129.2% FTSE Shariah46.3%
CAT CATERPILLAR INC	COMPLIANT	0.22%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
EQT EQT CORP	COMPLIANT	0.22%	AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7%
APH AMPHENOL CORP	NON_COMPLIANT	0.22%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
IR INGERSOLL RAND INC	COMPLIANT	0.22%	AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4%
COKE COCA-COLA CONSOLIDATED INC	COMPLIANT	0.22%	AAOIFI20.9% Usmani59.2% Dow Jones Islamic25.1% S&P Shariah29.1% MSCI Islamic59.1% MSCI Islamic M-Series29.1% FTSE Shariah56.7%
BWA BORGWARNER INC	NON_COMPLIANT	0.22%	AAOIFI30.1% Usmani29.2% Dow Jones Islamic43.9% S&P Shariah46.5% MSCI Islamic29.2% MSCI Islamic M-Series46.5% FTSE Shariah27.7%
WTRG ESSENTIAL UTILITIES INC	NON_COMPLIANT	0.22%	AAOIFI74.1% Usmani42.5% Dow Jones Islamic81.4% S&P Shariah84.9% MSCI Islamic42.5% MSCI Islamic M-Series84.9% FTSE Shariah42.4%
IR INGERSOLL RAND INC	COMPLIANT	0.22%	AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4%
KMI KINDER MORGAN INC	NON_COMPLIANT	0.22%	AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5%
R RYDER SYSTEM INC	NON_COMPLIANT	0.22%	AAOIFI89.3% Usmani52.5% Dow Jones Islamic114.3% S&P Shariah129.2% MSCI Islamic52.5% MSCI Islamic M-Series129.2% FTSE Shariah46.3%
PEG PUBLIC SERVICE ENTERPRISE GROUP INC	NON_COMPLIANT	0.22%	AAOIFI64.6% Usmani40.3% Dow Jones Islamic59.5% S&P Shariah64.4% MSCI Islamic40.3% MSCI Islamic M-Series64.4% FTSE Shariah40.1%
NI NISOURCE INC	NON_COMPLIANT	0.22%	AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4%
PAYX PAYCHEX INC	COMPLIANT	0.22%	AAOIFI11.1% Usmani28.6% Dow Jones Islamic10.7% S&P Shariah10.9% MSCI Islamic28.6% MSCI Islamic M-Series10.9% FTSE Shariah28.2%
RPRX ROYALTY PHARMA PLC	COMPLIANT	0.22%	AAOIFI24.4% Usmani45.2% Dow Jones Islamic60.3% S&P Shariah67.3% MSCI Islamic45.2% MSCI Islamic M-Series67.3% FTSE Shariah45.2%
PAYX PAYCHEX INC	COMPLIANT	0.22%	AAOIFI11.1% Usmani28.6% Dow Jones Islamic10.7% S&P Shariah10.9% MSCI Islamic28.6% MSCI Islamic M-Series10.9% FTSE Shariah28.2%
BWA BORGWARNER INC	NON_COMPLIANT	0.22%	AAOIFI30.1% Usmani29.2% Dow Jones Islamic43.9% S&P Shariah46.5% MSCI Islamic29.2% MSCI Islamic M-Series46.5% FTSE Shariah27.7%
PGR PROGRESSIVE CORP (THE)	NON_COMPLIANT	0.22%	AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7%
PWR QUANTA SERVICES INC	COMPLIANT	0.22%	AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5%
PAYX PAYCHEX INC	COMPLIANT	0.22%	AAOIFI11.1% Usmani28.6% Dow Jones Islamic10.7% S&P Shariah10.9% MSCI Islamic28.6% MSCI Islamic M-Series10.9% FTSE Shariah28.2%
KVUE KENVUE INC	COMPLIANT	0.22%	AAOIFI24.4% Usmani32.2% Dow Jones Islamic23.6% S&P Shariah24.1% MSCI Islamic32.2% MSCI Islamic M-Series24.1% FTSE Shariah31.7%
EFX EQUIFAX INC	COMPLIANT	0.22%	AAOIFI27.1% Usmani45.6% Dow Jones Islamic19.8% S&P Shariah19.6% MSCI Islamic45.6% MSCI Islamic M-Series19.6% FTSE Shariah45.6%
AGCO CORP	UNSCREENED	0.22%	no in-house ratios for this holding
MRVL MARVELL TECHNOLOGY INC	COMPLIANT	0.22%	AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0%
MDLZ MONDELEZ INTERNATIONAL INC	COMPLIANT	0.22%	AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8%
APH AMPHENOL CORP	NON_COMPLIANT	0.22%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
STLD STEEL DYNAMICS INC	COMPLIANT	0.22%	AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4%
CPB CAMPBELL'S COMPANY (THE)	NON_COMPLIANT	0.22%	AAOIFI104.8% Usmani48.9% Dow Jones Islamic79.8% S&P Shariah73.5% MSCI Islamic48.4% MSCI Islamic M-Series73.5% FTSE Shariah46.3%
DVN DEVON ENERGY CORP	COMPLIANT	0.22%	AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1%
KVUE KENVUE INC	COMPLIANT	0.22%	AAOIFI24.4% Usmani32.2% Dow Jones Islamic23.6% S&P Shariah24.1% MSCI Islamic32.2% MSCI Islamic M-Series24.1% FTSE Shariah31.7%
CONAGRA BRANDS INC	UNSCREENED	0.22%	no in-house ratios for this holding
QCOM QUALCOMM INC	COMPLIANT	0.22%	AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7%
TSCO TRACTOR SUPPLY COMPANY	NON_COMPLIANT	0.22%	AAOIFI35.6% Usmani53.8% Dow Jones Islamic25.1% S&P Shariah25.5% MSCI Islamic53.4% MSCI Islamic M-Series25.5% FTSE Shariah17.7%
AVGO BROADCOM INC	COMPLIANT	0.22%	AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5%
FLEX FLEX LTD	COMPLIANT	0.22%	AAOIFI14.4% Usmani24.1% Dow Jones Islamic25.4% S&P Shariah30.5% MSCI Islamic24.1% MSCI Islamic M-Series30.5% FTSE Shariah20.7%
MPLX MPLX LP	NON_COMPLIANT	0.22%	AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7%
WTRG ESSENTIAL UTILITIES INC	NON_COMPLIANT	0.22%	AAOIFI74.1% Usmani42.5% Dow Jones Islamic81.4% S&P Shariah84.9% MSCI Islamic42.5% MSCI Islamic M-Series84.9% FTSE Shariah42.4%
KLAC KLA CORP	COMPLIANT	0.22%	AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8%
PH PARKER-HANNIFIN CORP	COMPLIANT	0.21%	AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5%
ALB ALBEMARLE CORP	COMPLIANT	0.21%	AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8%
VENTAS REALTY LP	UNSCREENED	0.21%	no in-house ratios for this holding
CONAGRA BRANDS INC	UNSCREENED	0.21%	no in-house ratios for this holding
OHI OMEGA HEALTHCARE INVESTORS INC	NON_COMPLIANT	0.21%	AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9%
KITE REALTY GROUP LP	UNSCREENED	0.21%	no in-house ratios for this holding
CBT CABOT CORP	COMPLIANT	0.21%	AAOIFI25.9% Usmani27.4% Dow Jones Islamic25.4% S&P Shariah25.0% MSCI Islamic27.4% MSCI Islamic M-Series25.0% FTSE Shariah27.4%
CSL CARLISLE COMPANIES INC	COMPLIANT	0.21%	AAOIFI21.3% Usmani46.4% Dow Jones Islamic18.5% S&P Shariah18.3% MSCI Islamic46.4% MSCI Islamic M-Series18.3% FTSE Shariah46.4%
TARGA RESOURCES PARTNERS LP / TARGA RESOURCES PARTNERS FINANCE CORP	UNSCREENED	0.21%	no in-house ratios for this holding
PH PARKER-HANNIFIN CORP	COMPLIANT	0.21%	AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5%
KMI KINDER MORGAN INC	NON_COMPLIANT	0.21%	AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5%
AMCOR FINANCE (USA) INC	UNSCREENED	0.21%	no in-house ratios for this holding
JBL JABIL INC	COMPLIANT	0.21%	AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2%
DLR DIGITAL REALTY TRUST LP	COMPLIANT	0.21%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
ROP ROPER TECHNOLOGIES INC	NON_COMPLIANT	0.21%	AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2%
IFF INTERNATIONAL FLAVORS & FRAGRANCES INC	NON_COMPLIANT	0.21%	AAOIFI26.5% Usmani23.0% Dow Jones Islamic29.7% S&P Shariah29.3% MSCI Islamic23.0% MSCI Islamic M-Series29.3% FTSE Shariah22.7%
VMC VULCAN MATERIALS COMPANY	COMPLIANT	0.21%	AAOIFI14.1% Usmani30.1% Dow Jones Islamic13.9% S&P Shariah14.6% MSCI Islamic30.1% MSCI Islamic M-Series14.6% FTSE Shariah26.6%
WCN WASTE CONNECTIONS INC	COMPLIANT	0.21%	AAOIFI16.4% Usmani44.9% Dow Jones Islamic21.4% S&P Shariah22.2% MSCI Islamic44.9% MSCI Islamic M-Series22.2% FTSE Shariah43.4%
CINTAS CORP N.2	UNSCREENED	0.21%	no in-house ratios for this holding
WM WASTE MANAGEMENT INC	COMPLIANT	0.21%	AAOIFI25.8% Usmani50.3% Dow Jones Islamic26.5% S&P Shariah27.9% MSCI Islamic50.3% MSCI Islamic M-Series27.9% FTSE Shariah50.3%
BOSTON PROPERTIES LP	UNSCREENED	0.21%	no in-house ratios for this holding
MPLX MPLX LP	NON_COMPLIANT	0.21%	AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7%
OKE ONEOK INC	NON_COMPLIANT	0.21%	AAOIFI52.4% Usmani46.0% Dow Jones Islamic62.1% S&P Shariah68.1% MSCI Islamic46.0% MSCI Islamic M-Series68.1% FTSE Shariah46.0%
MKC MCCORMICK & CO. INC	NON_COMPLIANT	0.21%	AAOIFI25.8% Usmani21.9% Dow Jones Islamic20.4% S&P Shariah20.4% MSCI Islamic21.9% MSCI Islamic M-Series20.4% FTSE Shariah21.9%
CSX CSX CORP	COMPLIANT	0.21%	AAOIFI21.3% Usmani43.3% Dow Jones Islamic28.2% S&P Shariah28.9% MSCI Islamic43.3% MSCI Islamic M-Series28.9% FTSE Shariah42.2%
FANG DIAMONDBACK ENERGY INC	COMPLIANT	0.21%	AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0%
VENTAS REALTY LP	UNSCREENED	0.21%	no in-house ratios for this holding
DVN DEVON ENERGY CORP	COMPLIANT	0.21%	AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1%
SCHLUMBERGER HOLDINGS CORP	UNSCREENED	0.21%	no in-house ratios for this holding
VENTAS REALTY LP	UNSCREENED	0.21%	no in-house ratios for this holding
RSG REPUBLIC SERVICES INC	COMPLIANT	0.21%	AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0%
ARE ALEXANDRIA REAL ESTATE EQUITIES INC	NON_COMPLIANT	0.21%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
PH PARKER-HANNIFIN CORP	COMPLIANT	0.21%	AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5%
QCOM QUALCOMM INC	COMPLIANT	0.21%	AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7%
KLAC KLA CORP	COMPLIANT	0.21%	AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8%
MPLX MPLX LP	NON_COMPLIANT	0.21%	AAOIFI42.8% Usmani60.3% Dow Jones Islamic52.4% S&P Shariah59.3% MSCI Islamic60.3% MSCI Islamic M-Series59.3% FTSE Shariah59.7%
CSX CSX CORP	COMPLIANT	0.21%	AAOIFI21.3% Usmani43.3% Dow Jones Islamic28.2% S&P Shariah28.9% MSCI Islamic43.3% MSCI Islamic M-Series28.9% FTSE Shariah42.2%
KLAC KLA CORP	COMPLIANT	0.21%	AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8%
VENTAS REALTY LP	UNSCREENED	0.21%	no in-house ratios for this holding
SCHLUMBERGER HOLDINGS CORP	UNSCREENED	0.21%	no in-house ratios for this holding
ROP ROPER TECHNOLOGIES INC	NON_COMPLIANT	0.21%	AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2%
DLR DIGITAL REALTY TRUST LP	COMPLIANT	0.21%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
CSL CARLISLE COMPANIES INC	COMPLIANT	0.21%	AAOIFI21.3% Usmani46.4% Dow Jones Islamic18.5% S&P Shariah18.3% MSCI Islamic46.4% MSCI Islamic M-Series18.3% FTSE Shariah46.4%
JBL JABIL INC	COMPLIANT	0.21%	AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2%
ARE ALEXANDRIA REAL ESTATE EQUITIES INC	NON_COMPLIANT	0.21%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ADM ARCHER DANIELS MIDLAND COMPANY	COMPLIANT	0.21%	AAOIFI21.9% Usmani16.7% Dow Jones Islamic31.3% S&P Shariah30.5% MSCI Islamic16.7% MSCI Islamic M-Series30.5% FTSE Shariah14.2%
PWR QUANTA SERVICES INC	COMPLIANT	0.21%	AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5%
DHI D.R. HORTON INC	COMPLIANT	0.21%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
CPB CAMPBELL'S COMPANY (THE)	NON_COMPLIANT	0.21%	AAOIFI104.8% Usmani48.9% Dow Jones Islamic79.8% S&P Shariah73.5% MSCI Islamic48.4% MSCI Islamic M-Series73.5% FTSE Shariah46.3%
ARW ARROW ELECTRONICS INC	COMPLIANT	0.21%	AAOIFI19.6% Usmani5.7% Dow Jones Islamic30.2% S&P Shariah31.0% MSCI Islamic5.7% MSCI Islamic M-Series31.0% FTSE Shariah5.7%
PLD PROLOGIS LP	COMPLIANT	0.21%	AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3%
RSG REPUBLIC SERVICES INC	COMPLIANT	0.21%	AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0%
ATO ATMOS ENERGY CORP	NON_COMPLIANT	0.21%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
MDLZ MONDELEZ INTERNATIONAL INC	COMPLIANT	0.21%	AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8%
VRSK VERISK ANALYTICS INC	QUESTIONABLE	0.21%	AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3%
ROP ROPER TECHNOLOGIES INC	NON_COMPLIANT	0.21%	AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2%
MKC MCCORMICK & CO. INC	NON_COMPLIANT	0.21%	AAOIFI25.8% Usmani21.9% Dow Jones Islamic20.4% S&P Shariah20.4% MSCI Islamic21.9% MSCI Islamic M-Series20.4% FTSE Shariah21.9%
PUBLIC STORAGE OPERATING COMPANY	UNSCREENED	0.21%	no in-house ratios for this holding
WM WASTE MANAGEMENT INC	COMPLIANT	0.21%	AAOIFI25.8% Usmani50.3% Dow Jones Islamic26.5% S&P Shariah27.9% MSCI Islamic50.3% MSCI Islamic M-Series27.9% FTSE Shariah50.3%
MSCI MSCI INC	COMPLIANT	0.21%	AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9%
VRSK VERISK ANALYTICS INC	QUESTIONABLE	0.21%	AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3%
BAX BAXTER INTERNATIONAL INC	NON_COMPLIANT	0.21%	AAOIFI1.7% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0%
BWA BORGWARNER INC	NON_COMPLIANT	0.21%	AAOIFI30.1% Usmani29.2% Dow Jones Islamic43.9% S&P Shariah46.5% MSCI Islamic29.2% MSCI Islamic M-Series46.5% FTSE Shariah27.7%
EXR EXTRA SPACE STORAGE LP	NON_COMPLIANT	0.21%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
RGA REINSURANCE GROUP OF AMERICA INC	NON_COMPLIANT	0.21%	AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4%
MDLZ MONDELEZ INTERNATIONAL INC	COMPLIANT	0.21%	AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8%
JBL JABIL INC	COMPLIANT	0.21%	AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2%
DLR DIGITAL REALTY TRUST LP	COMPLIANT	0.21%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
CPB CAMPBELL'S COMPANY (THE)	NON_COMPLIANT	0.21%	AAOIFI104.8% Usmani48.9% Dow Jones Islamic79.8% S&P Shariah73.5% MSCI Islamic48.4% MSCI Islamic M-Series73.5% FTSE Shariah46.3%
CINTAS CORP N.2	UNSCREENED	0.21%	no in-house ratios for this holding
CPB CAMPBELL'S COMPANY (THE)	NON_COMPLIANT	0.21%	AAOIFI104.8% Usmani48.9% Dow Jones Islamic79.8% S&P Shariah73.5% MSCI Islamic48.4% MSCI Islamic M-Series73.5% FTSE Shariah46.3%
FANG DIAMONDBACK ENERGY INC	COMPLIANT	0.21%	AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0%
PH PARKER-HANNIFIN CORP	COMPLIANT	0.21%	AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5%
BOSTON PROPERTIES LP	UNSCREENED	0.21%	no in-house ratios for this holding
MHK MOHAWK INDUSTRIES INC	COMPLIANT	0.21%	AAOIFI29.9% Usmani17.1% Dow Jones Islamic31.4% S&P Shariah32.2% MSCI Islamic17.1% MSCI Islamic M-Series32.2% FTSE Shariah13.9%
WEC WEC ENERGY GROUP INC	NON_COMPLIANT	0.21%	AAOIFI57.5% Usmani39.9% Dow Jones Islamic61.9% S&P Shariah68.5% MSCI Islamic39.1% MSCI Islamic M-Series68.5% FTSE Shariah39.1%
OHI OMEGA HEALTHCARE INVESTORS INC	NON_COMPLIANT	0.21%	AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9%
PH PARKER-HANNIFIN CORP	COMPLIANT	0.21%	AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5%
KD KYNDRYL HOLDINGS INC	NON_COMPLIANT	0.21%	AAOIFI228.4% Usmani56.0% Dow Jones Islamic108.6% S&P Shariah116.1% MSCI Islamic54.4% MSCI Islamic M-Series116.1% FTSE Shariah47.2%
STLD STEEL DYNAMICS INC	COMPLIANT	0.21%	AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4%
PGR PROGRESSIVE CORP (THE)	NON_COMPLIANT	0.20%	AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7%
FBIN FORTUNE BRANDS INNOVATIONS INC	NON_COMPLIANT	0.20%	AAOIFI54.4% Usmani44.1% Dow Jones Islamic41.4% S&P Shariah37.9% MSCI Islamic44.1% MSCI Islamic M-Series37.9% FTSE Shariah40.2%
UDR UDR INC	NON_COMPLIANT	0.20%	AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8%
L LOEWS CORP	NON_COMPLIANT	0.20%	AAOIFI40.0% Usmani10.2% Dow Jones Islamic44.3% S&P Shariah47.6% MSCI Islamic10.2% MSCI Islamic M-Series47.6% FTSE Shariah10.2%
ETR ENTERGY CORP	NON_COMPLIANT	0.20%	AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
BRUNSWICK CORP	UNSCREENED	0.20%	no in-house ratios for this holding
QCOM QUALCOMM INC	COMPLIANT	0.20%	AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7%
CCI CROWN CASTLE INC	NON_COMPLIANT	0.20%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
RF REGIONS FINANCIAL CORP	NON_COMPLIANT	0.20%	AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7%
ZIONS BANCORP NA	UNSCREENED	0.20%	no in-house ratios for this holding
APH AMPHENOL CORP	NON_COMPLIANT	0.20%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
BAX BAXTER INTERNATIONAL INC	NON_COMPLIANT	0.20%	AAOIFI1.7% Usmani1.1% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic1.1% MSCI Islamic M-Series1.4% FTSE Shariah0.0%
STLD STEEL DYNAMICS INC	COMPLIANT	0.20%	AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4%
RGA REINSURANCE GROUP OF AMERICA INC	NON_COMPLIANT	0.20%	AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4%
MDLZ MONDELEZ INTERNATIONAL INC	COMPLIANT	0.20%	AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8%
ETR ENTERGY CORP	NON_COMPLIANT	0.20%	AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
NUE NUCOR CORP	COMPLIANT	0.20%	AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6%
ATR APTARGROUP INC	COMPLIANT	0.20%	AAOIFI17.2% Usmani26.9% Dow Jones Islamic15.2% S&P Shariah15.4% MSCI Islamic26.9% MSCI Islamic M-Series15.4% FTSE Shariah26.0%
WTRG ESSENTIAL UTILITIES INC	NON_COMPLIANT	0.20%	AAOIFI74.1% Usmani42.5% Dow Jones Islamic81.4% S&P Shariah84.9% MSCI Islamic42.5% MSCI Islamic M-Series84.9% FTSE Shariah42.4%
MSCI MSCI INC	COMPLIANT	0.20%	AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9%
XRAY DENTSPLY SIRONA INC	NON_COMPLIANT	0.20%	AAOIFI84.0% Usmani44.4% Dow Jones Islamic79.7% S&P Shariah58.9% MSCI Islamic44.4% MSCI Islamic M-Series58.9% FTSE Shariah42.7%
RSG REPUBLIC SERVICES INC	COMPLIANT	0.20%	AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0%
NNN REIT INC	UNSCREENED	0.20%	no in-house ratios for this holding
MKC MCCORMICK & CO. INC	NON_COMPLIANT	0.20%	AAOIFI25.8% Usmani21.9% Dow Jones Islamic20.4% S&P Shariah20.4% MSCI Islamic21.9% MSCI Islamic M-Series20.4% FTSE Shariah21.9%
ARE ALEXANDRIA REAL ESTATE EQUITIES INC	NON_COMPLIANT	0.20%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
AMCOR FLEXIBLES NORTH AMERICA INC	UNSCREENED	0.20%	no in-house ratios for this holding
MRVL MARVELL TECHNOLOGY INC	COMPLIANT	0.20%	AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0%
JBL JABIL INC	COMPLIANT	0.20%	AAOIFI11.7% Usmani16.3% Dow Jones Islamic16.6% S&P Shariah18.9% MSCI Islamic16.3% MSCI Islamic M-Series18.9% FTSE Shariah14.2%
PLD PROLOGIS LP	COMPLIANT	0.20%	AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3%
TELEDYNE FLIR LLC	UNSCREENED	0.20%	no in-house ratios for this holding
QCOM QUALCOMM INC	COMPLIANT	0.20%	AAOIFI8.3% Usmani25.7% Dow Jones Islamic8.6% S&P Shariah8.7% MSCI Islamic25.7% MSCI Islamic M-Series8.7% FTSE Shariah25.7%
SWK STANLEY BLACK & DECKER INC	NON_COMPLIANT	0.20%	AAOIFI32.4% Usmani23.7% Dow Jones Islamic39.9% S&P Shariah39.2% MSCI Islamic23.7% MSCI Islamic M-Series39.2% FTSE Shariah23.7%
NFG NATIONAL FUEL GAS COMPANY	NON_COMPLIANT	0.20%	AAOIFI44.7% Usmani34.1% Dow Jones Islamic50.5% S&P Shariah57.4% MSCI Islamic34.1% MSCI Islamic M-Series57.4% FTSE Shariah34.1%
LXP LXP INDUSTRIAL TRUST	NON_COMPLIANT	0.20%	AAOIFI38.0% Usmani39.4% Dow Jones Islamic51.3% S&P Shariah53.6% MSCI Islamic39.4% MSCI Islamic M-Series53.6% FTSE Shariah39.4%
DOX AMDOCS LTD	COMPLIANT	0.19%	AAOIFI12.6% Usmani12.4% Dow Jones Islamic9.2% S&P Shariah8.9% MSCI Islamic12.4% MSCI Islamic M-Series8.9% FTSE Shariah10.1%
SWKS SKYWORKS SOLUTIONS INC	COMPLIANT	0.19%	AAOIFI6.0% Usmani9.2% Dow Jones Islamic6.4% S&P Shariah5.6% MSCI Islamic9.2% MSCI Islamic M-Series5.6% FTSE Shariah6.7%
NHI NATIONAL HEALTH INVESTORS INC	NON_COMPLIANT	0.19%	AAOIFI36.6% Usmani43.0% Dow Jones Islamic37.3% S&P Shariah41.8% MSCI Islamic43.0% MSCI Islamic M-Series41.8% FTSE Shariah43.0%
AMCOR FLEXIBLES NORTH AMERICA INC	UNSCREENED	0.19%	no in-house ratios for this holding
PRI PRIMERICA INC	NON_COMPLIANT	0.19%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
SUN COMMUNITIES OPERATING LP	UNSCREENED	0.19%	no in-house ratios for this holding
WP CAREY INC	UNSCREENED	0.19%	no in-house ratios for this holding
ROP ROPER TECHNOLOGIES INC	NON_COMPLIANT	0.19%	AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2%
SUMISHO AIR LEASE CORP	UNSCREENED	0.19%	no in-house ratios for this holding
ETR ENTERGY CORP	NON_COMPLIANT	0.19%	AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
CAT CATERPILLAR INC	COMPLIANT	0.19%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ARW ARROW ELECTRONICS INC	COMPLIANT	0.19%	AAOIFI19.6% Usmani5.7% Dow Jones Islamic30.2% S&P Shariah31.0% MSCI Islamic5.7% MSCI Islamic M-Series31.0% FTSE Shariah5.7%
CCI CROWN CASTLE INC	NON_COMPLIANT	0.19%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
FLS FLOWSERVE CORP	COMPLIANT	0.19%	AAOIFI23.8% Usmani36.7% Dow Jones Islamic28.9% S&P Shariah32.3% MSCI Islamic36.7% MSCI Islamic M-Series32.3% FTSE Shariah33.8%
CENTERPOINT ENERGY RESOURCES CORP	UNSCREENED	0.19%	no in-house ratios for this holding
OHI OMEGA HEALTHCARE INVESTORS INC	NON_COMPLIANT	0.19%	AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9%
APH AMPHENOL CORP	NON_COMPLIANT	0.19%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
MAS MASCO CORP	COMPLIANT	0.19%	AAOIFI23.0% Usmani61.8% Dow Jones Islamic22.1% S&P Shariah22.3% MSCI Islamic61.5% MSCI Islamic M-Series22.3% FTSE Shariah56.3%
PLD PROLOGIS LP	COMPLIANT	0.19%	AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3%
ATO ATMOS ENERGY CORP	NON_COMPLIANT	0.19%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
NI NISOURCE INC	NON_COMPLIANT	0.19%	AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4%
BOSTON PROPERTIES LP	UNSCREENED	0.19%	no in-house ratios for this holding
LXP LXP INDUSTRIAL TRUST	NON_COMPLIANT	0.19%	AAOIFI38.0% Usmani39.4% Dow Jones Islamic51.3% S&P Shariah53.6% MSCI Islamic39.4% MSCI Islamic M-Series53.6% FTSE Shariah39.4%
PLD PROLOGIS LP	COMPLIANT	0.19%	AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3%
GPC GENUINE PARTS COMPANY	NON_COMPLIANT	0.19%	AAOIFI31.0% Usmani28.0% Dow Jones Islamic35.7% S&P Shariah34.4% MSCI Islamic28.0% MSCI Islamic M-Series34.4% FTSE Shariah20.1%
GPC GENUINE PARTS COMPANY	NON_COMPLIANT	0.19%	AAOIFI31.0% Usmani28.0% Dow Jones Islamic35.7% S&P Shariah34.4% MSCI Islamic28.0% MSCI Islamic M-Series34.4% FTSE Shariah20.1%
RSG REPUBLIC SERVICES INC	COMPLIANT	0.19%	AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0%
EXR EXTRA SPACE STORAGE LP	NON_COMPLIANT	0.19%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
ROP ROPER TECHNOLOGIES INC	NON_COMPLIANT	0.19%	AAOIFI28.1% Usmani32.2% Dow Jones Islamic22.5% S&P Shariah21.7% MSCI Islamic32.2% MSCI Islamic M-Series21.7% FTSE Shariah32.2%
CSL CARLISLE COMPANIES INC	COMPLIANT	0.19%	AAOIFI21.3% Usmani46.4% Dow Jones Islamic18.5% S&P Shariah18.3% MSCI Islamic46.4% MSCI Islamic M-Series18.3% FTSE Shariah46.4%
INVITATION HOMES OPERATING PARTNERSHIP LP	UNSCREENED	0.18%	no in-house ratios for this holding
UDR UDR INC	NON_COMPLIANT	0.18%	AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8%
ARE ALEXANDRIA REAL ESTATE EQUITIES INC	NON_COMPLIANT	0.18%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
WP CAREY INC	UNSCREENED	0.18%	no in-house ratios for this holding

The published standards disagree about this fund by 19 points of portfolio weight — 44.3% of it passes AAOIFI, 25.8% 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.

Screen by

ratios pass on 44.3% ratios fail on 19.3% 35.3% not rated under AAOIFI

97 of 252 listed holdings carry our own per-methodology verdicts (85% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 91 (71% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holding	Weight
APH AMPHENOL CORP	2.19%
ARE ALEXANDRIA REAL ESTATE EQUITIES INC	2.19%
CBOE CBOE GLOBAL MARKETS INC	2.18%
CPT CAMDEN PROPERTY TRUST	2.18%
BAX BAXTER INTERNATIONAL INC	2.11%
EVRG EVERGY INC	2.08%
ATO ATMOS ENERGY CORP	2.07%
SWK STANLEY BLACK & DECKER INC	1.97%
EXR EXTRA SPACE STORAGE LP	1.97%
BAX BAXTER INTERNATIONAL INC	1.87%

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 · 17.4% aligned

VWAPPrice below VWAP ($23.33)

VolumeRelative volume 3.4× the 20-day average

Momentum10-day rate of change -1.0%

IBD (IBD) 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)

-1.0%

rate of change

SMC grade

F · 17

17.4% aligned

NON-COMPLIANT

Sharia compliance

F · 17

SMC grade — 17.4% timeframe alignment

-1.0%

Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for IBD — 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

Support & Resistance

23.22

23.26

23.31

PIVOT

23.35

23.40

23.44

23.49

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

22.92 – 23.78

±1.85% from 23.35, made 2026-09-13 · resolves 2026-09-20

STRONG SELL

from 19 indicators

Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 50933 forecast(s) are currently open and will be scored automatically when their horizon expires.

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 · 3 neutral · 3 sell

Moving averagesSTRONG SELL

0 buy · 0 neutral · 12 sell

Every indicator, and what it reads

Indicator	Value	Signal
RSI (14)	37.10	NEUTRAL
Stochastic %K (14)	28.16	NEUTRAL
CCI (20)	-110.37	BUY
Williams %R (14)	-71.84	NEUTRAL
MACD (12,26,9)	-0.02	SELL
ROC (10)	-0.98	SELL
Momentum (10)	-0.23	SELL
EMA (10)	23.38	SELL
SMA (10)	23.38	SELL
EMA (20)	23.43	SELL
SMA (20)	23.47	SELL
EMA (30)	23.46	SELL
SMA (30)	23.50	SELL
EMA (50)	23.49	SELL
SMA (50)	23.51	SELL
EMA (100)	23.50	SELL
SMA (100)	23.52	SELL
EMA (200)	23.48	SELL
SMA (200)	23.51	SELL

About IBD

The fund generally invests at least 80% of its total assets in the component securities of the index. The index Provider selects domestic corporate bonds issued by companies that are considered large capitalization companies, are rated investment grade quality from a bond ratings agency widely recognized in the financial services industry and which have an Inspire Impact Score of zero or higher.

Background via Yahoo Finance — informational, not part of the verdict.

Grade 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	44
⏰ 4H	RANGING	18
🕐 1H	BULLISH	73
⏱ 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.

-0.08

MACD (no fresh cross)

$23.28

Volume POC (today)

$23.28 – $23.32

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 2026-09-08 · Asset managers net 912361 (-21819)

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.

Screening

Tools and feeds

Discover

Research

Track record

Methodology

Read

IBD