KCAIETF / FundKraneShares China Alpha Index ETF
Verdicts genuinely change. Free email alert the moment KCAI'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.
KraneShares China Alpha Index ETF · Krane Shares Trust
38 holdings
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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 59.79% of portfolio weight is in non-compliant holdings, over the 5% threshold.
38 holdings, 31 matched (80% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
20.6% compliant 0.0% questionable 59.3% non-compliant 20.1% unscreened
| Non-compliant holding | Weight |
|---|---|
| 6881.HK China Galaxy Securities Co., Ltd. | 3.34% |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 3.16% |
| 3988.HK BANK OF CHINA LIMITED | 3.14% |
| 0939.HK CHINA CONSTRUCTION BANK CORPORATION | 3.11% |
| 601169.SS Bank of Beijing Co., Ltd. | 3.11% |
| 1288.HK AGRICULTURAL BANK OF CHINA LIMITED | 3.08% |
| 3328.HK Bank of Communications Co., Ltd. | 3.08% |
| 601229.SS Bank of Shanghai Co., Ltd. | 3.07% |
| 600919.SS Bank of Jiangsu Co., Ltd. | 3.06% |
| 600015.SS HUA XIA BANK CO., Limited | 3.03% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
KraneShares China Alpha Index ETF (KCAI) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See the weight breakdown below for the reasoning.
What changed, and when
Verdict history for KCAI. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for KCAI has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 6 days - this is not a reading of today
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This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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.
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.
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.