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IBSAX

ETF / Fund VY(R) BARON GROWTH PORTFOLIO
$0.30000
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Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 86% of portfolio weight covered
Fund look-through

VY(R) BARON GROWTH PORTFOLIO · Voya Partners Inc

38 holdings · as of 2026-06-30 (2.6 months ago)

NON-COMPLIANT 28.22% of portfolio weight is in non-compliant holdings, over the 5% threshold.

38 holdings, 33 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.

2.20% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (32 of 38 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.

54.6% compliant 3.5% questionable 28.2% non-compliant 13.8% unscreened

All holdings (38)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
MSCI MSCI INC COMPLIANT 9.21% AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9%
BLACKROCK LIQUIDITY FUNDS UNSCREENED 6.50% no in-house ratios for this holding
IDXX IDEXX LABORATORIES INC COMPLIANT 5.50% AAOIFI1.4% Usmani16.8% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic16.8% MSCI Islamic M-Series1.3% FTSE Shariah13.1%
GWRE GUIDEWIRE SOFTWARE INC COMPLIANT 5.22% AAOIFI3.6% Usmani16.9% Dow Jones Islamic2.8% S&P Shariah3.2% MSCI Islamic16.9% MSCI Islamic M-Series3.2% FTSE Shariah15.5%
ACGL ARCH CAPITAL GROUP LTD NON_COMPLIANT 5.06% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
MTN VAIL RESORTS INC NON_COMPLIANT 4.59% AAOIFI69.2% Usmani58.6% Dow Jones Islamic63.3% S&P Shariah57.2% MSCI Islamic58.6% MSCI Islamic M-Series57.2% FTSE Shariah54.4%
CHOICE HOTELS INTERNATIONAL INC UNSCREENED 4.53% no in-house ratios for this holding
PRI PRIMERICA INC NON_COMPLIANT 4.49% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
KNSL KINSALE CAPITAL GROUP INC NON_COMPLIANT 4.32% AAOIFI2.6% Usmani3.5% Dow Jones Islamic2.3% S&P Shariah2.3% MSCI Islamic3.5% MSCI Islamic M-Series2.3% FTSE Shariah3.5%
IT GARTNER INC NON_COMPLIANT 3.75% AAOIFI28.3% Usmani46.3% Dow Jones Islamic13.9% S&P Shariah12.2% MSCI Islamic46.3% MSCI Islamic M-Series12.2% FTSE Shariah41.4%
RRR RED ROCK RESORTS INC NON_COMPLIANT 3.64% AAOIFI59.8% Usmani83.3% Dow Jones Islamic64.6% S&P Shariah67.1% MSCI Islamic82.2% MSCI Islamic M-Series67.1% FTSE Shariah82.0%
CSGP COSTAR GROUP INC QUESTIONABLE 3.45% AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8%
WST WEST PHARMACEUTICAL SERVICES INC COMPLIANT 3.19% AAOIFI1.3% Usmani7.8% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic7.7% MSCI Islamic M-Series1.4% FTSE Shariah5.0%
FDS FACTSET RESEARCH SYSTEMS INC COMPLIANT 3.09% AAOIFI14.6% Usmani37.5% Dow Jones Islamic12.1% S&P Shariah11.2% MSCI Islamic37.5% MSCI Islamic M-Series11.2% FTSE Shariah33.2%
NPO ENPRO INC COMPLIANT 2.62% AAOIFI9.2% Usmani22.1% Dow Jones Islamic12.5% S&P Shariah14.2% MSCI Islamic22.1% MSCI Islamic M-Series14.2% FTSE Shariah21.6%
FPS FORGENT POWER SOLUTIONS INC COMPLIANT 2.34% AAOIFI6.6% Usmani31.5% Dow Jones Islamic S&P Shariah MSCI Islamic31.5% MSCI Islamic M-Series FTSE Shariah26.1%
MTD METTLER-TOLEDO INTERNATIONAL INC COMPLIANT 2.29% AAOIFI7.8% Usmani57.5% Dow Jones Islamic8.0% S&P Shariah7.9% MSCI Islamic57.5% MSCI Islamic M-Series7.9% FTSE Shariah57.5%
TRNS TRANSCAT INC COMPLIANT 2.13% AAOIFI17.9% Usmani29.0% Dow Jones Islamic18.3% S&P Shariah17.0% MSCI Islamic29.0% MSCI Islamic M-Series17.0% FTSE Shariah22.4%
LOAR LOAR HOLDINGS INC COMPLIANT 1.98% AAOIFI15.1% Usmani41.5% Dow Jones Islamic14.0% S&P Shariahpass MSCI Islamic41.3% MSCI Islamic M-Seriespass FTSE Shariah40.8%
AGYS AGILYSYS INC COMPLIANT 1.97% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
KRMN KARMAN HOLDINGS INC COMPLIANT 1.72% AAOIFI0.4% Usmani8.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah0.4%
CWST CASELLA WASTE SYSTEMS INC COMPLIANT 1.65% AAOIFI24.3% Usmani40.6% Dow Jones Islamic22.7% S&P Shariah23.4% MSCI Islamic40.6% MSCI Islamic M-Series23.4% FTSE Shariah38.0%
SITE SITEONE LANDSCAPE SUPPLY INC COMPLIANT 1.56% AAOIFI22.8% Usmani32.8% Dow Jones Islamic17.3% S&P Shariah16.3% MSCI Islamic28.9% MSCI Islamic M-Series16.3% FTSE Shariah15.5%
BLLN BILLIONTOONE INC COMPLIANT 1.56% AAOIFI3.1% Usmani19.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.6% MSCI Islamic M-Seriespass FTSE Shariah12.5%
NOVT NOVANTA INC COMPLIANT 1.51% AAOIFI5.0% Usmani13.3% Dow Jones Islamic5.7% S&P Shariah5.4% MSCI Islamic13.2% MSCI Islamic M-Series5.4% FTSE Shariah10.7%
HLI HOULIHAN LOKEY INC NON_COMPLIANT 1.47% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
BRIGHT HORIZONS FAMILY SOLUTIONS LLC UNSCREENED 1.32% no in-house ratios for this holding
AADX APPLIED AEROSPACE & DEFENSE INC COMPLIANT 1.18% AAOIFI18.7% Usmani28.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic26.7% MSCI Islamic M-Seriespass FTSE Shariah26.7%
MIR MIRION TECHNOLOGIES INC COMPLIANT 1.17% AAOIFI11.3% Usmani13.5% Dow Jones Islamic10.2% S&P Shariah12.1% MSCI Islamic13.5% MSCI Islamic M-Series12.1% FTSE Shariah12.6%
TTAN SERVICETITAN INC COMPLIANT 1.04% AAOIFI2.7% Usmani8.5% Dow Jones Islamic1.7% S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah5.8%
PCOR PROCORE TECHNOLOGIES INC COMPLIANT 0.97% AAOIFI0.8% Usmani3.0% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic3.0% MSCI Islamic M-Series0.7% FTSE Shariah0.0%
HTFL HEARTFLOW INC COMPLIANT 0.96% AAOIFI0.6% Usmani7.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic7.9% MSCI Islamic M-Seriespass FTSE Shariah0.0%
LCLN LINCOLN INTERNATIONAL INC NON_COMPLIANT 0.89% AAOIFI3.7% Usmani10.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.2% MSCI Islamic M-Seriesfail FTSE Shariah10.2%
RADNET INC UNSCREENED 0.88% no in-house ratios for this holding
RGEN REPLIGEN CORP COMPLIANT 0.84% AAOIFI7.3% Usmani23.4% Dow Jones Islamic8.8% S&P Shariah8.4% MSCI Islamic23.4% MSCI Islamic M-Series8.4% FTSE Shariah18.7%
FROG JFROG LTD COMPLIANT 0.64% AAOIFI0.1% Usmani1.0% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.0% MSCI Islamic M-Series0.3% FTSE Shariah0.0%
VERADERMICS INC UNSCREENED 0.58% no in-house ratios for this holding
MORN MORNINGSTAR INC COMPLIANT 0.28% AAOIFI25.6% Usmani48.7% Dow Jones Islamic18.5% S&P Shariah17.7% MSCI Islamic48.7% MSCI Islamic M-Series17.7% FTSE Shariah43.9%

The published standards disagree about this fund by 35 points of portfolio weight — 61.0% of it passes AAOIFI, 25.9% passes MSCI Islamic. Which number is yours depends on which standard you follow.

These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.

ratios pass on 61.0% ratios fail on 24.5% 14.6% not rated under AAOIFI

33 of 38 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 32 (84% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
ACGL ARCH CAPITAL GROUP LTD 5.06%
MTN VAIL RESORTS INC 4.59%
PRI PRIMERICA INC 4.49%
KNSL KINSALE CAPITAL GROUP INC 4.32%
IT GARTNER INC 3.75%
RRR RED ROCK RESORTS INC 3.64%
HLI HOULIHAN LOKEY INC 1.47%
LCLN LINCOLN INTERNATIONAL INC 0.89%

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.

IBSAX (IBSAX) 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.

NON-COMPLIANT
Sharia compliance

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for IBSAX — this runs off the critical path so the page paints first. It will appear here on its own.

About IBSAX

The Portfolio invests for the long term primarily in equity securities in the form of common stock of U.S. small-sized growth companies. For this Portfolio, the sub-adviser ("Sub-Adviser") defines small-sized companies as those, at the time of purchase, with market capitalizations up to the largest market cap stock in the Russell 2000® Growth Index at reconstitution, or companies with market capitalizations up to $2.5 billion, whichever is larger.

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

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.

Not enough price history yet for a smart-money structure read on any timeframe.

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 2026-09-08 · 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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.