LGHTETF / FundLangar Global Health Tech ETF
Verdicts genuinely change. Free email alert the moment LGHT'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.
Langar Global Health Tech ETF ETF · SPINNAKER ETF SERIES
29 holdings · as of 2026-06-30 (4.1 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 At least 29.83% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 41% turns out to be. Matching more holdings can only raise this share, never lower it.
29 holdings, 20 matched (59% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
4.24% of this portfolio’s income is non-permissible — weighted across holdings, computed over 58% of portfolio weight (19 of 29 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (29)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| UMB MONEY MARKET | UNSCREENED | 16.83% | no in-house ratios for this holding |
| Intuitive Surgical I | UNSCREENED | 9.92% | no in-house ratios for this holding |
| RMD ResMed Inc | COMPLIANT | 9.11% | AAOIFI2.6% Usmani9.2% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic9.2% MSCI Islamic M-Series2.6% FTSE Shariah7.4% |
| MRNA Moderna Inc | NON_COMPLIANT | 7.98% | AAOIFI2.2% Usmani11.7% Dow Jones Islamic7.4% S&P Shariah5.1% MSCI Islamic11.4% MSCI Islamic M-Series5.1% FTSE Shariah5.4% |
| VEEV Veeva Systems Inc | NON_COMPLIANT | 5.60% | AAOIFI0.4% Usmani1.7% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic1.7% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| GE HealthCare | UNSCREENED | 5.41% | no in-house ratios for this holding |
| IQV IQVIA Holdings Inc | NON_COMPLIANT | 4.98% | AAOIFI36.7% Usmani55.2% Dow Jones Islamic47.8% S&P Shariah44.8% MSCI Islamic54.4% MSCI Islamic M-Series44.8% FTSE Shariah53.4% |
| PHG Koninklijke Philips | NON_COMPLIANT | 4.62% | AAOIFI37.6% Usmani30.0% Dow Jones Islamic39.2% S&P Shariah42.2% MSCI Islamic30.0% MSCI Islamic M-Series42.2% FTSE Shariah30.0% |
| PODD Insulet Corp | COMPLIANT | 4.44% | AAOIFI9.6% Usmani30.0% Dow Jones Islamic5.3% S&P Shariah5.9% MSCI Islamic30.0% MSCI Islamic M-Series5.9% FTSE Shariah30.0% |
| DEXCOM INC COM | UNSCREENED | 4.01% | no in-house ratios for this holding |
| Zimmer Biomet Holdin | UNSCREENED | 3.75% | no in-house ratios for this holding |
| SHL.DE Siemens Healthineers | COMPLIANT | 3.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 22UA.DE BioNTech SE | NON_COMPLIANT | 2.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALGN Align Technology Inc | COMPLIANT | 2.72% | AAOIFI1.1% Usmani1.9% Dow Jones Islamic1.0% S&P Shariah0.8% MSCI Islamic1.9% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| SOON.SW Sonova Holding AG | COMPLIANT | 2.61% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IRTC iRhythm Holdings | COMPLIANT | 2.39% | AAOIFI17.9% Usmani66.5% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic66.5% MSCI Islamic M-Series19.6% FTSE Shariah59.5% |
| ALHC Alignment Healthcare | COMPLIANT | 1.88% | AAOIFI11.6% Usmani25.3% Dow Jones Islamic10.0% S&P Shariah12.5% MSCI Islamic25.3% MSCI Islamic M-Series12.5% FTSE Shariah25.3% |
| PRVA Privia Health Group | NON_COMPLIANT | 1.63% | AAOIFI0.3% Usmani0.6% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| DOCS Doximity Inc | NON_COMPLIANT | 1.62% | AAOIFI0.2% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| ALKS Alkermes PLC | COMPLIANT | 1.42% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PGNY Progyny Inc | COMPLIANT | 0.64% | AAOIFI1.4% Usmani3.8% Dow Jones Islamic1.5% S&P Shariah1.2% MSCI Islamic3.8% MSCI Islamic M-Series1.2% FTSE Shariah0.0% |
| PRCT PROCEPT BioRobotics | COMPLIANT | 0.59% | AAOIFI5.9% Usmani16.2% Dow Jones Islamic3.0% S&P Shariah3.0% MSCI Islamic16.2% MSCI Islamic M-Series3.0% FTSE Shariah10.8% |
| OMCL Omnicell Inc | COMPLIANT | 0.45% | AAOIFI12.8% Usmani10.0% Dow Jones Islamic11.5% S&P Shariah11.9% MSCI Islamic10.0% MSCI Islamic M-Series11.9% FTSE Shariah8.4% |
| Teladoc Inc | UNSCREENED | 0.36% | no in-house ratios for this holding |
| LifeStance Health Gr | UNSCREENED | 0.28% | no in-house ratios for this holding |
| TNDM Tandem Diabetes Care | NON_COMPLIANT | 0.27% | AAOIFI53.4% Usmani64.0% Dow Jones Islamic49.0% S&P Shariah43.9% MSCI Islamic64.0% MSCI Islamic M-Series43.9% FTSE Shariah52.2% |
| SDGR SCHRODINGER INC | NON_COMPLIANT | 0.25% | AAOIFI6.2% Usmani16.9% Dow Jones Islamic7.6% S&P Shariah6.9% MSCI Islamic16.9% MSCI Islamic M-Series6.9% FTSE Shariah0.0% |
| PHREESIA INC | UNSCREENED | 0.15% | no in-house ratios for this holding |
| TRUEBRIDGE INC | UNSCREENED | 0.04% | no in-house ratios for this holding |
The published standards disagree about this fund by 10 points of portfolio weight — 29.9% of it passes AAOIFI, 20.0% 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 29.9% ratios fail on 27.9% 42.2% not rated under AAOIFI
ratios pass on 26.8% ratios fail on 31.0% 42.2% not rated under Usmani
ratios pass on 29.9% ratios fail on 27.9% 42.2% not rated under Dow Jones Islamic
ratios pass on 29.9% ratios fail on 27.9% 42.2% not rated under S&P Shariah
ratios pass on 20.0% ratios fail on 37.9% 42.2% not rated under MSCI Islamic
ratios pass on 29.9% ratios fail on 27.9% 42.2% not rated under MSCI Islamic M-Series
ratios pass on 27.1% ratios fail on 30.7% 42.2% not rated under FTSE Shariah
20 of 29 listed holdings carry our own per-methodology verdicts (59% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 16 (49% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
Langar Global Health Tech ETF (LGHT) 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 LGHT — 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
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
About Langar Global Health Tech ETF
Under normal circumstances, the fund will invest at least 80% of the fund’s net assets (plus borrowings for investment purposes) in U.S. and foreign exchange-listed equity securities of healthcare technology companies and American Depository Receipts (“ADRs”) on those securities. These securities may be of any market capitalization. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | 40 |
| ⏱ 15-Min | BULLISH | 25 |
| ⏲ 5-Min | BULLISH | 77 |
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.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
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.