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.
Matthews Emerging Markets Small Companies Fund · Matthews International Funds
78 holdings · as of 2026-06-30 (2.6 months ago)
NON-COMPLIANT At least 23.31% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 40% turns out to be. Matching more holdings can only raise this share, never lower it.
78 holdings, 46 matched (60% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
5.19% of this portfolio’s income is non-permissible — weighted across holdings, computed over 51% of portfolio weight (39 of 78 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.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| BANDHANBNK.NS BANDHAN BANK LTD | NON_COMPLIANT | 4.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EUGENE TECHNOLOGY CO LTD | UNSCREENED | 4.16% | no in-house ratios for this holding |
| 2383.TW ELITE MATERIAL COMPANY LTD | COMPLIANT | 3.56% | AAOIFI1.0% Usmani19.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.6% MSCI Islamic M-Series— FTSE Shariah18.6% |
| HUGEL INC | UNSCREENED | 3.34% | no in-house ratios for this holding |
| LEGN LEGEND BIOTECH CORP | COMPLIANT | 3.09% | AAOIFI9.3% Usmani18.4% Dow Jones Islamic2.8% S&P Shariah2.2% MSCI Islamic18.4% MSCI Islamic M-Series2.2% FTSE Shariah18.4% |
| 2368.TW GOLD CIRCUIT ELECTRONICS LTD | COMPLIANT | 2.92% | AAOIFI3.1% Usmani24.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic23.9% MSCI Islamic M-Seriespass FTSE Shariah23.9% |
| CARTRADE.NS CARTRADE TECH LTD | COMPLIANT | 2.86% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ASTOR.IS ASTOR ENERJI AS | COMPLIANT | 2.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| RADICO.NS RADICO KHAITAN LTD | NON_COMPLIANT | 2.36% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HD HYUNDAI CO LTD | UNSCREENED | 2.21% | no in-house ratios for this holding |
| 2327.TW YAGEO CORP | COMPLIANT | 2.15% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASMPT LTD | UNSCREENED | 2.07% | no in-house ratios for this holding |
| 5274.TWO ASPEED TECHNOLOGY INC | COMPLIANT | 2.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| POYA INTERNATIONAL CO LTD | UNSCREENED | 2.02% | no in-house ratios for this holding |
| BHARTIHEXA.NS BHARTI HEXACOM LTD | COMPLIANT | 1.81% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AURAS TECHNOLOGY CO LTD | UNSCREENED | 1.76% | no in-house ratios for this holding |
| FORMOSA SUMCO TECHNOLOGY CORP | UNSCREENED | 1.72% | no in-house ratios for this holding |
| PHOENIXLTD.BO PHOENIX MILLS LTD (THE) | COMPLIANT | 1.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| M31 TECHNOLOGY CORP | UNSCREENED | 1.68% | no in-house ratios for this holding |
| PIRAEUS BANK SA (NEW) | UNSCREENED | 1.62% | no in-house ratios for this holding |
| ACTER CO LTD | UNSCREENED | 1.53% | no in-house ratios for this holding |
| 6531.TW AP MEMORY TECHNOLOGY CORP | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NETWEB.NS NETWEB TECHNOLOGIES INDIA LTD | COMPLIANT | 1.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PSK INC | UNSCREENED | 1.44% | no in-house ratios for this holding |
| FORTUNE ELECTRIC COMPANY LTD | UNSCREENED | 1.42% | no in-house ratios for this holding |
| THEON INTERNATIONAL PLC | UNSCREENED | 1.41% | no in-house ratios for this holding |
| MWG.VN MOBILE WORLD INVESTMENT CORP | NON_COMPLIANT | 1.40% | AAOIFI28.2% Usmani35.7% Dow Jones Islamicfail S&P Shariahpass MSCI Islamic35.7% MSCI Islamic M-Seriesfail FTSE Shariah35.7% |
| MILITARY CJSB | UNSCREENED | 1.25% | no in-house ratios for this holding |
| AVALON.NS AVALON TECHNOLOGIES LTD | COMPLIANT | 1.20% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| WNC CORP | UNSCREENED | 1.16% | no in-house ratios for this holding |
| WE BUY CARS HOLDINGS LTD | UNSCREENED | 1.14% | no in-house ratios for this holding |
| 6415.TW SILERGY CORP | COMPLIANT | 1.14% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BLACKBUCK.NS BLACKBUCK LTD | NON_COMPLIANT | 1.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GT CAPITAL HOLDINGS INC | UNSCREENED | 1.06% | no in-house ratios for this holding |
| VIVA3.SA VIVARA PARTICIPACOES SA | COMPLIANT | 1.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 039490.KS KIWOOM SECURITIES CO LTD | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SHRIRAMFIN.BO SHRIRAM FINANCE LTD | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AIRTAC INTERNATIONAL GROUP | UNSCREENED | 1.04% | no in-house ratios for this holding |
| TBCG.L TBC BANK GROUP PLC | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9IFA.F INTERCORP FINANCIAL SERVICES INC | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GVT&D.BO GE VERNOVA T&D INDIA LTD | COMPLIANT | 1.00% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| YMM FULL TRUCK ALLIANCE CO LTD | NON_COMPLIANT | 0.96% | AAOIFI0.3% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BCG.L BALTIC CLASSIFIEDS GROUP PLC | COMPLIANT | 0.95% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RAINBOW.NS RAINBOW CHILDREN'S MEDICARE LTD | COMPLIANT | 0.92% | AAOIFI6.1% Usmani64.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic32.1% MSCI Islamic M-Seriespass FTSE Shariah32.1% |
| POLICYBZR.NS PB FINTECH LTD | NON_COMPLIANT | 0.92% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| 8299.TWO PHISON ELECTRONICS CORP | COMPLIANT | 0.91% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| VAMO3.SA VAMOS LOCACAO DE CAMINHOES MAQUINAS E EQUIPAMENTOS SA | NON_COMPLIANT | 0.87% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Hongfa Technology Co Ltd | UNSCREENED | 0.86% | no in-house ratios for this holding |
| NEWAY VALVE (SUZHOU) CO LTD | UNSCREENED | 0.86% | no in-house ratios for this holding |
| GGAL GRUPO FINANCIERO GALICIA SA | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 082740.KS HANWHA ENGINE CO LTD | COMPLIANT | 0.78% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| YDUQS PARTECIPACOES SA | UNSCREENED | 0.78% | no in-house ratios for this holding |
| ACTION CONSTRUCTION EQUIPMENTS LTD | UNSCREENED | 0.75% | no in-house ratios for this holding |
| GRUPO SBF SA | UNSCREENED | 0.75% | no in-house ratios for this holding |
| ATOUR LIFESTYLE HOLDINGS LTD | UNSCREENED | 0.74% | no in-house ratios for this holding |
| KC KINGSOFT CLOUD HOLDINGS LTD | NON_COMPLIANT | 0.74% | AAOIFI188.2% Usmani38.5% Dow Jones Islamic1.9% S&P Shariah2.5% MSCI Islamic24.2% MSCI Islamic M-Series2.5% FTSE Shariah23.8% |
| UNOMINDA.BO UNO MINDA LTD | COMPLIANT | 0.73% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LUN.TO LUNDIN MINING CORP | COMPLIANT | 0.71% | AAOIFI1.9% Usmani6.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.2% MSCI Islamic M-Seriespass FTSE Shariah4.2% |
| 1111.SR SAUDI TADAWUL GROUP HOLDING COMPANY | NON_COMPLIANT | 0.68% | AAOIFI3.7% Usmani8.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.8% MSCI Islamic M-Seriesfail FTSE Shariah6.8% |
| 0425.HK MINTH GROUP LTD | COMPLIANT | 0.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GENTERA.MX GENTERA SAB DE CV | NON_COMPLIANT | 0.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0586.HK CHINA CONCH VENTURE HOLDINGS LTD | NON_COMPLIANT | 0.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BLX BLADEX INC | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MAPI.JK MITRA ADIPERKASA TBK PT | NON_COMPLIANT | 0.57% | AAOIFI34.6% Usmani38.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.7% MSCI Islamic M-Seriesfail FTSE Shariah23.7% |
| 300012.SZ CENTRE TESTING INTERNATIONAL GROUP CO LTD | COMPLIANT | 0.57% | AAOIFI1.5% Usmani6.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.8% MSCI Islamic M-Seriespass FTSE Shariah3.8% |
| BGF RETAIL CO LTD | UNSCREENED | 0.52% | no in-house ratios for this holding |
| SENCO.NS SENCO GOLD LTD | NON_COMPLIANT | 0.52% | AAOIFI46.3% Usmani43.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic38.2% MSCI Islamic M-Seriesfail FTSE Shariah38.2% |
| SNT DYNAMICS CO LTD | UNSCREENED | 0.52% | no in-house ratios for this holding |
| 300012.SZ CENTRE TESTING INTERNATIONAL GROUP CO LTD | COMPLIANT | 0.51% | AAOIFI1.5% Usmani6.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.8% MSCI Islamic M-Seriespass FTSE Shariah3.8% |
| AMBER.NS AMBER ENTERPRISES INDIA LTD | COMPLIANT | 0.47% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FPT CORP | UNSCREENED | 0.40% | no in-house ratios for this holding |
| EMPREENDIMENTOS PAGUE MENOS SA | UNSCREENED | 0.36% | no in-house ratios for this holding |
| SHANGHAI MICROPORT MEDBOT (GROUP) CO LTD | UNSCREENED | 0.35% | no in-house ratios for this holding |
| EVER SUNSHINE SERVICES GROUP LTD | UNSCREENED | 0.32% | no in-house ratios for this holding |
| BRAC BANK PLC | UNSCREENED | 0.32% | no in-house ratios for this holding |
| NIVABUPA.NS NIVA BUPA HEALTH INSURANCE CO LTD | NON_COMPLIANT | 0.31% | AAOIFI1.7% Usmani2.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic2.2% MSCI Islamic M-Seriesfail FTSE Shariah2.2% |
| YUPRF YUEXIU PROPERTY COMPANY LTD | NON_COMPLIANT | 0.28% | AAOIFI773.9% Usmani28.7% Dow Jones Islamic933.6% S&P Shariah1019.5% MSCI Islamic28.5% MSCI Islamic M-Series1019.5% FTSE Shariah28.5% |
| MOSCOW EXCHANGE MICEX-RTS OJSC | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 24 points of portfolio weight — 35.7% of it passes AAOIFI, 11.7% 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 35.7% ratios fail on 23.3% 39.6% not rated under AAOIFI
ratios pass on 20.9% ratios fail on 38.1% 39.6% not rated under Usmani
ratios pass on 29.8% ratios fail on 22.6% 46.2% not rated under Dow Jones Islamic
ratios pass on 28.4% ratios fail on 24.0% 46.2% not rated under S&P Shariah
ratios pass on 11.7% ratios fail on 47.3% 39.6% not rated under MSCI Islamic
ratios pass on 27.0% ratios fail on 25.4% 46.2% not rated under MSCI Islamic M-Series
ratios pass on 18.0% ratios fail on 41.0% 39.6% not rated under FTSE Shariah
45 of 78 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, 15 (19% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BANDHANBNK.NS BANDHAN BANK LTD | 4.33% |
| RADICO.NS RADICO KHAITAN LTD | 2.36% |
| 6531.TW AP MEMORY TECHNOLOGY CORP | 1.50% |
| MWG.VN MOBILE WORLD INVESTMENT CORP | 1.40% |
| BLACKBUCK.NS BLACKBUCK LTD | 1.06% |
| 039490.KS KIWOOM SECURITIES CO LTD | 1.05% |
| SHRIRAMFIN.BO SHRIRAM FINANCE LTD | 1.04% |
| TBCG.L TBC BANK GROUP PLC | 1.00% |
| 9IFA.F INTERCORP FINANCIAL SERVICES INC | 1.00% |
| YMM FULL TRUCK ALLIANCE CO LTD | 0.96% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
MSMLX (MSMLX) 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.
Computing the full ratio and business-activity breakdown for MSMLX — 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.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 36.00 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -219.50 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.17 | SELL |
| ROC (10) | -3.40 | SELL |
| Momentum (10) | -1.07 | SELL |
| EMA (10) | 31.13 | SELL |
| SMA (10) | 31.37 | SELL |
| EMA (20) | 31.28 | SELL |
| SMA (20) | 31.45 | SELL |
| EMA (30) | 31.28 | SELL |
| SMA (30) | 31.45 | SELL |
| EMA (50) | 31.23 | SELL |
| SMA (50) | 31.01 | SELL |
| EMA (100) | 30.82 | SELL |
| SMA (100) | 31.46 | SELL |
| EMA (200) | 29.32 | BUY |
| SMA (200) | 29.36 | BUY |
Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in the common and preferred stocks of small companies located in emerging market countries. Emerging market countries generally include every country in the world except the United States, Australia, Canada, Hong Kong, Israel, Japan, New Zealand, Singapore and most of the countries in Western Europe.
Background via Yahoo Finance — informational, not part of the verdict.
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
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.
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.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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.
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)
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.