LENSETF / FundSarmaya Thematic ETF
Verdicts genuinely change. Free email alert the moment LENS's does — no target price to set, unlike "Alert" above.
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.
Sarmaya Thematic ETF ETF · EA Series Trust
46 holdings · as of 2026-08-31 (2.1 months ago)
NON-COMPLIANT 26.35% of portfolio weight is in non-compliant holdings, over the 5% threshold.
46 holdings, 37 matched (71% of weight). Portfolio as of 2026-08-31, filed 2026-10-28. Source: SEC Form N-PORT.
0.27% of this portfolio’s income is non-permissible — weighted across holdings, computed over 62% of portfolio weight (32 of 46 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.
44.3% compliant 0.0% questionable 26.4% non-compliant 29.1% unscreened
All holdings (46)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SPDR Gold MiniShares Trust | UNSCREENED | 8.14% | no in-house ratios for this holding |
| iShares Gold Trust Micro | UNSCREENED | 5.23% | no in-house ratios for this holding |
| First American Government Obligations Fund | UNSCREENED | 4.56% | no in-house ratios for this holding |
| CVX Chevron Corp | COMPLIANT | 4.38% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| XOM ExxonMobil Holdings Corp | COMPLIANT | 4.30% | AAOIFI6.5% Usmani9.1% Dow Jones Islamic8.5% S&P Shariah9.0% MSCI Islamic9.1% MSCI Islamic M-Series9.0% FTSE Shariah9.1% |
| KGC Kinross Gold Corp | COMPLIANT | 3.70% | AAOIFI1.8% Usmani5.9% Dow Jones Islamic2.9% S&P Shariah3.7% MSCI Islamic5.9% MSCI Islamic M-Series3.7% FTSE Shariah5.9% |
| iShares Silver Trust | UNSCREENED | 3.41% | no in-house ratios for this holding |
| AEM Agnico Eagle Mines Ltd | COMPLIANT | 3.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GFI Gold Fields Ltd | COMPLIANT | 3.05% | AAOIFI4.5% Usmani33.0% Dow Jones Islamic6.6% S&P Shariah8.0% MSCI Islamic33.0% MSCI Islamic M-Series8.0% FTSE Shariah33.0% |
| CDE COEUR MINING INC. | COMPLIANT | 2.56% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| SLB Ltd | UNSCREENED | 2.48% | no in-house ratios for this holding |
| HL Hecla Mining Co | COMPLIANT | 2.42% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SBSW Sibanye Stillwater Ltd | NON_COMPLIANT | 2.40% | AAOIFI23.4% Usmani30.2% Dow Jones Islamic9.1% S&P Shariah10.7% MSCI Islamic30.2% MSCI Islamic M-Series10.7% FTSE Shariah30.2% |
| PSX Phillips 66 | COMPLIANT | 2.28% | AAOIFI20.2% Usmani25.1% Dow Jones Islamic36.5% S&P Shariah37.1% MSCI Islamic25.1% MSCI Islamic M-Series37.1% FTSE Shariah25.1% |
| RRC Range Resources Corp | COMPLIANT | 2.27% | AAOIFI10.4% Usmani13.4% Dow Jones Islamic11.6% S&P Shariah12.0% MSCI Islamic13.4% MSCI Islamic M-Series12.0% FTSE Shariah11.5% |
| Skeena Resources Ltd | UNSCREENED | 2.26% | no in-house ratios for this holding |
| DVN Devon Energy Corp | COMPLIANT | 2.05% | AAOIFI22.3% Usmani16.8% Dow Jones Islamic46.9% S&P Shariah45.5% MSCI Islamic16.7% MSCI Islamic M-Series45.5% FTSE Shariah16.1% |
| LNG Cheniere Energy Inc | NON_COMPLIANT | 2.05% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| NMM Navios Maritime Partners LP | NON_COMPLIANT | 2.04% | AAOIFI50.7% Usmani34.2% Dow Jones Islamic83.1% S&P Shariah93.0% MSCI Islamic21.0% MSCI Islamic M-Series93.0% FTSE Shariah17.8% |
| REP.MC Repsol SA | NON_COMPLIANT | 2.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RIG Transocean Ltd | NON_COMPLIANT | 1.99% | AAOIFI78.3% Usmani33.8% Dow Jones Islamic118.5% S&P Shariah113.6% MSCI Islamic33.8% MSCI Islamic M-Series113.6% FTSE Shariah33.8% |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | NON_COMPLIANT | 1.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ARIS Aris Mining Corp | UNRATED | 1.95% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| AR Antero Resources Corp | NON_COMPLIANT | 1.95% | AAOIFI37.8% Usmani30.3% Dow Jones Islamic42.6% S&P Shariah46.0% MSCI Islamic30.3% MSCI Islamic M-Series46.0% FTSE Shariah17.2% |
| AG First Majestic Silver Corp | COMPLIANT | 1.92% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| VALE3.SA Vale SA | NON_COMPLIANT | 1.76% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BKR Baker Hughes Co | NON_COMPLIANT | 1.55% | AAOIFI29.3% Usmani30.9% Dow Jones Islamic33.5% S&P Shariah37.8% MSCI Islamic30.9% MSCI Islamic M-Series37.8% FTSE Shariah30.9% |
| FET Forum Energy Technologies Inc | NON_COMPLIANT | 1.51% | AAOIFI21.5% Usmani26.0% Dow Jones Islamic47.8% S&P Shariah57.6% MSCI Islamic26.0% MSCI Islamic M-Series57.6% FTSE Shariah15.8% |
| E Eni SpA | NON_COMPLIANT | 1.50% | AAOIFI42.7% Usmani20.8% Dow Jones Islamic28.0% S&P Shariah29.8% MSCI Islamic20.8% MSCI Islamic M-Series29.8% FTSE Shariah20.8% |
| AU Anglogold Ashanti Plc | COMPLIANT | 1.43% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NESR National Energy Services Reunited Corp | COMPLIANT | 1.42% | AAOIFI7.1% Usmani11.9% Dow Jones Islamic17.4% S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah10.7% |
| GTE Gran Tierra Energy Inc | NON_COMPLIANT | 1.35% | AAOIFI167.2% Usmani39.8% Dow Jones Islamic293.8% S&P Shariah280.5% MSCI Islamic38.2% MSCI Islamic M-Series280.5% FTSE Shariah38.2% |
| EXK Endeavour Silver Corp | COMPLIANT | 1.32% | AAOIFI0.3% Usmani1.0% Dow Jones Islamic0.7% S&P Shariah0.9% MSCI Islamic1.0% MSCI Islamic M-Series0.9% FTSE Shariah1.0% |
| VG Venture Global Inc | NON_COMPLIANT | 1.29% | AAOIFI137.8% Usmani69.6% Dow Jones Islamic142.4% S&P Shariahfail MSCI Islamic69.2% MSCI Islamic M-Seriesfail FTSE Shariah68.0% |
| FTI TechnipFMC PLC | COMPLIANT | 1.22% | AAOIFI3.9% Usmani12.0% Dow Jones Islamic6.3% S&P Shariah7.5% MSCI Islamic11.2% MSCI Islamic M-Series7.5% FTSE Shariah3.9% |
| CF CF Industries Holdings Inc | COMPLIANT | 1.18% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| HAL Halliburton Co | NON_COMPLIANT | 1.10% | AAOIFI27.3% Usmani31.7% Dow Jones Islamic34.0% S&P Shariah31.2% MSCI Islamic31.7% MSCI Islamic M-Series31.2% FTSE Shariah27.7% |
| HBM Hudbay Minerals Inc | COMPLIANT | 1.06% | AAOIFI5.7% Usmani16.2% Dow Jones Islamic17.1% S&P Shariah22.3% MSCI Islamic16.2% MSCI Islamic M-Series22.3% FTSE Shariah16.2% |
| Novagold Resources Inc | UNSCREENED | 1.06% | no in-house ratios for this holding |
| Y all Street Physical Silver ETF | UNSCREENED | 1.02% | no in-house ratios for this holding |
| COP ConocoPhillips | COMPLIANT | 0.99% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| EQNR Equinor ASA | NON_COMPLIANT | 0.98% | AAOIFI2.5% Usmani18.0% Dow Jones Islamic32.5% S&P Shariah32.6% MSCI Islamic18.0% MSCI Islamic M-Series32.6% FTSE Shariah18.0% |
| Guardian Metal Resources PLC | UNSCREENED | 0.97% | no in-house ratios for this holding |
| BHP BHP Group Ltd | COMPLIANT | 0.96% | AAOIFI6.7% Usmani19.8% Dow Jones Islamic7.1% S&P Shariah7.4% MSCI Islamic19.8% MSCI Islamic M-Series7.4% FTSE Shariah19.8% |
| TTE.PA TotalEnergies SE | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CCJ Cameco Corp | COMPLIANT | 0.78% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
The published standards disagree about this fund by 19 points of portfolio weight — 45.0% of it passes FTSE Shariah, 25.9% 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 35.4% ratios fail on 18.8% 45.6% not rated under AAOIFI
ratios pass on 39.5% ratios fail on 12.2% 48.1% not rated under Usmani
ratios pass on 25.9% ratios fail on 24.7% 49.2% not rated under Dow Jones Islamic
ratios pass on 27.0% ratios fail on 24.7% 48.1% not rated under S&P Shariah
ratios pass on 43.5% ratios fail on 8.2% 48.1% not rated under MSCI Islamic
ratios pass on 27.0% ratios fail on 24.7% 48.1% not rated under MSCI Islamic M-Series
ratios pass on 45.0% ratios fail on 6.7% 48.1% not rated under FTSE Shariah
37 of 46 listed holdings carry our own per-methodology verdicts (71% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 28 (55% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SBSW Sibanye Stillwater Ltd | 2.40% |
| LNG Cheniere Energy Inc | 2.05% |
| NMM Navios Maritime Partners LP | 2.04% |
| REP.MC Repsol SA | 2.02% |
| RIG Transocean Ltd | 1.99% |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | 1.96% |
| AR Antero Resources Corp | 1.95% |
| VALE3.SA Vale SA | 1.76% |
| BKR Baker Hughes Co | 1.55% |
| FET Forum Energy Technologies Inc | 1.51% |
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.
Sarmaya Thematic ETF (LENS) 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 LENS — 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) | 36.00 | NEUTRAL |
| Stochastic %K (14) | 0.02 | BUY |
| CCI (20) | -160.79 | BUY |
| Williams %R (14) | -99.98 | BUY |
| MACD (12,26,9) | -0.11 | SELL |
| ROC (10) | -4.00 | SELL |
| Momentum (10) | -1.75 | SELL |
| EMA (10) | 42.95 | SELL |
| SMA (10) | 43.10 | SELL |
| EMA (20) | 43.33 | SELL |
| SMA (20) | 43.39 | SELL |
| EMA (30) | 43.59 | SELL |
| SMA (30) | 43.47 | SELL |
| EMA (50) | 43.78 | SELL |
| SMA (50) | 44.69 | SELL |
| EMA (100) | 43.62 | SELL |
| SMA (100) | 42.99 | SELL |
| EMA (200) | 43.29 | SELL |
| SMA (200) | 44.31 | SELL |
About Sarmaya Thematic ETF
The fund is an actively managed exchange-traded fund (“ETF”) that will invest primarily in domestic and foreign equity securities of companies considered by Sarmaya Partners, LLC, the sub-adviser to the fund (the “Sub-Adviser”), to reflect an emerging or prevailing market theme. The Sub-Adviser defines “emerging or prevailing market theme” as market sectors, asset classes, or regions that are believed to be poised for future growth through the market cycle (i.e, the period of time between two major lows for a market. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | BEARISH | 41 |
| 🕐 1H | NEUTRAL | 18 |
| ⏱ 15-Min | BEARISH | 72 |
| ⏲ 5-Min | RANGING | 217 |
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 2026-10-27 · Asset managers net 923449 (+22072)
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.