PAAOXETF / FundT. Rowe Price Asia Opportunities Fund
Verdicts genuinely change. Free email alert the moment PAAOX'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.
T. Rowe Price Asia Opportunities Fund · T. ROWE PRICE INTERNATIONAL FUNDS, INC.
58 holdings
NON-COMPLIANT At least 25.10% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 37% turns out to be. Matching more holdings can only raise this share, never lower it.
58 holdings, 35 matched (63% of weight). Portfolio as of 2026-01-31, filed 2026-03-30. Source: SEC Form N-PORT.
7.87% of this portfolio’s income is non-permissible — weighted across holdings, computed over 57% of portfolio weight (31 of 58 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 (58)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFAC | UNSCREENED | 10.57% | no in-house ratios for this holding |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 9.03% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 7.44% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TAIWAN SEMICONDUCTOR-SP ADR | UNSCREENED | 6.19% | no in-house ratios for this holding |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 4.80% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 000660.KS SK HYNIX INC | COMPLIANT | 4.60% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1299.HK AIA GROUP LTD | NON_COMPLIANT | 3.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| D05.SI DBS GROUP HOLDINGS LTD | NON_COMPLIANT | 2.41% | AAOIFI33.5% Usmani8.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.4% MSCI Islamic M-Seriesfail FTSE Shariah8.4% |
| PING AN INSURANCE GROUP-H SHS | UNSCREENED | 2.28% | no in-house ratios for this holding |
| HDFCBANK.NS HDFC BANK LIMITED | NON_COMPLIANT | 2.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 1.92% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ICICIBANK.NS ICICI BANK LTD | NON_COMPLIANT | 1.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HONGFA TECHNOLOGY CO LTD | UNSCREENED | 1.74% | no in-house ratios for this holding |
| COSMECCA KOREA CO LTD | UNSCREENED | 1.70% | no in-house ratios for this holding |
| CHINA RESOURCES MIXC LIFESTY | UNSCREENED | 1.70% | no in-house ratios for this holding |
| 9961.HK TRIP.COM GROUP LTD | NON_COMPLIANT | 1.64% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BHARTIARTL.BO BHARTI AIRTEL LTD | COMPLIANT | 1.48% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 2317.TW HON HAI PRECISION INDUSTRY | NON_COMPLIANT | 1.47% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RELIANCE.NS RELIANCE INDUSTRIES LIMITED | COMPLIANT | 1.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| N/A | UNSCREENED | 1.43% | no in-house ratios for this holding |
| TVSMOTOR.BO TVS MOTOR CO LTD | NON_COMPLIANT | 1.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAJFINANCE.NS BAJAJ FINANCE LTD | NON_COMPLIANT | 1.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| YUMC YUM CHINA HOLDINGS INC | NON_COMPLIANT | 1.17% | AAOIFI14.8% Usmani21.2% Dow Jones Islamic13.5% S&P Shariah14.0% MSCI Islamic20.7% MSCI Islamic M-Series14.0% FTSE Shariah0.6% |
| HDFCLIFE.NS HDFC LIFE INSURANCE CO LTD | NON_COMPLIANT | 1.17% | AAOIFI2.7% Usmani0.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.8% MSCI Islamic M-Seriesfail FTSE Shariah0.8% |
| DIVI S LABORATORIES LTD | UNSCREENED | 1.14% | no in-house ratios for this holding |
| SAMSUNG FIRE & MARINE INS | UNSCREENED | 1.13% | no in-house ratios for this holding |
| MMYT MAKEMYTRIP LTD | NON_COMPLIANT | 1.11% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| 005830.KS DB INSURANCE CO LTD | NON_COMPLIANT | 1.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2423.HK KE HOLDINGS INC-ADR | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2383.TW ELITE MATERIAL CO LTD | COMPLIANT | 1.02% | AAOIFI1.0% Usmani19.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.6% MSCI Islamic M-Series— FTSE Shariah18.6% |
| HYUNDAI MARINE & FIRE INS CO | UNSCREENED | 1.00% | no in-house ratios for this holding |
| 2454.TW MEDIATEK INC | COMPLIANT | 0.98% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BDO UNIBANK INC | UNSCREENED | 0.97% | no in-house ratios for this holding |
| ASIA COMMERCIAL BANK | UNSCREENED | 0.96% | no in-house ratios for this holding |
| 603515.SS OPPLE LIGHTING CO LTD | NON_COMPLIANT | 0.94% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BBCA.JK BANK CENTRAL ASIA TBK PT | NON_COMPLIANT | 0.90% | AAOIFI0.3% Usmani0.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| 600660.SS FUYAO GLASS INDUSTRY GROUP CO LTD | COMPLIANT | 0.88% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MAXHEALTH.BO MAX HEALTHCARE INSTITUTE LTD | COMPLIANT | 0.87% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ATOUR LIFESTYLE HOLDINGS-ADR | UNSCREENED | 0.84% | no in-house ratios for this holding |
| ELECTRIC CONNECTOR TECHNOLOGY CO LTD | UNSCREENED | 0.83% | no in-house ratios for this holding |
| COFORGE.NS COFORGE LIMITED | COMPLIANT | 0.82% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SE SEA LTD ADR | COMPLIANT | 0.77% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| BANK RAKYAT INDONESIA PERSER | UNSCREENED | 0.75% | no in-house ratios for this holding |
| LOTES CO LTD | UNSCREENED | 0.74% | no in-house ratios for this holding |
| 192820.KS COSMAX INC | COMPLIANT | 0.72% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LUXSHARE PRECISION CO | UNSCREENED | 0.71% | no in-house ratios for this holding |
| 5871.TW CHAILEASE HOLDING CO LTD | NON_COMPLIANT | 0.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SM ENTERTAINMENT CO LTD | UNSCREENED | 0.64% | no in-house ratios for this holding |
| 3690.HK MEITUAN-CL B | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Z74.SI SINGAPORE TELECOMMUNICATIONS | COMPLIANT | 0.55% | AAOIFI15.5% Usmani29.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic23.0% MSCI Islamic M-Seriespass FTSE Shariah23.0% |
| T. Rowe Price Government Reserve Fund | UNSCREENED | 0.55% | no in-house ratios for this holding |
| PDD PDD HOLDINGS INC-ADR | NON_COMPLIANT | 0.51% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| CPNG COUPANG INC-A | COMPLIANT | 0.50% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| BYD COMPANY LTD-H SHS | UNSCREENED | 0.46% | no in-house ratios for this holding |
| SUMBER ALFARIA TRIJAYA TBK P | UNSCREENED | 0.46% | no in-house ratios for this holding |
| 443060.KS HD HYUNDAI MARINE SOLUTION C | COMPLIANT | 0.42% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GRS - SECURITY LENDING COLLATERAL | UNSCREENED | 0.06% | no in-house ratios for this holding |
| TVS MOTOR COMPANY PFD 6.000000 | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 35.7% of it passes AAOIFI, 19.3% 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 27.6% 36.8% not rated under AAOIFI
ratios pass on 25.4% ratios fail on 24.5% 50.2% not rated under Usmani
ratios pass on 29.8% ratios fail on 20.3% 50.1% not rated under Dow Jones Islamic
ratios pass on 30.8% ratios fail on 19.3% 50.1% not rated under S&P Shariah
ratios pass on 19.3% ratios fail on 31.8% 49.1% not rated under MSCI Islamic
ratios pass on 28.8% ratios fail on 21.3% 50.1% not rated under MSCI Islamic M-Series
ratios pass on 23.9% ratios fail on 27.2% 49.1% not rated under FTSE Shariah
35 of 58 listed holdings carry our own per-methodology verdicts (63% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 12 (24% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 1299.HK AIA GROUP LTD | 3.63% |
| D05.SI DBS GROUP HOLDINGS LTD | 2.41% |
| HDFCBANK.NS HDFC BANK LIMITED | 2.13% |
| ICICIBANK.NS ICICI BANK LTD | 1.88% |
| 9961.HK TRIP.COM GROUP LTD | 1.64% |
| 2317.TW HON HAI PRECISION INDUSTRY | 1.47% |
| TVSMOTOR.BO TVS MOTOR CO LTD | 1.38% |
| BAJFINANCE.NS BAJAJ FINANCE LTD | 1.37% |
| YUMC YUM CHINA HOLDINGS INC | 1.17% |
| HDFCLIFE.NS HDFC LIFE INSURANCE CO LTD | 1.17% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
T. Rowe Price Asia Opportunities Fund (PAAOX) 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.
Screened on its holdings, not its name
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACnot matched to a ticker | 10.57% | Not screened |
| 005930.KSSAMSUNG ELECTRONICS CO LTD | 9.03% | Compliant |
| 0700.HKTENCENT HOLDINGS LTD | 7.44% | Compliant |
| TAIWAN SEMICONDUCTOR-SP ADRnot matched to a ticker | 6.19% | Not screened |
| BABAALIBABA GROUP HOLDING LTD | 4.80% | Compliant |
| 000660.KSSK HYNIX INC | 4.60% | Compliant |
| 1299.HKAIA GROUP LTD | 3.63% | Non-compliant |
| D05.SIDBS GROUP HOLDINGS LTD | 2.41% | Non-compliant |
| PING AN INSURANCE GROUP-H SHSnot matched to a ticker | 2.28% | Not screened |
| HDFCBANK.NSHDFC BANK LIMITED | 2.13% | Non-compliant |
Top 10 of 58 holdings, 53.1% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- TAIWAN SEMICONDUCTOR MANUFACnot screened10.57%
- TAIWAN SEMICONDUCTOR-SP ADRnot screened6.19%
- 1299.HKnon-compliant3.63%
- D05.SInon-compliant2.41%
- PING AN INSURANCE GROUP-H SHSnot screened2.28%
- HDFCBANK.NSnon-compliant2.13%
What changed, and when
Verdict history for PAAOX. 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 PAAOX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
Tracked since 2026-09-07.
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.