PPSAX is not halal (non-compliant), per real-time Sharia compliance screening cross-checked against seven published Islamic finance ratio methodologies (AAOIFI, Usmani, Dow Jones Islamic, S&P Shariah, MSCI Islamic, MSCI Islamic M-Series, FTSE Shariah) computed from SEC filings.

PPSAX

ETF / Fund Spectrum Preferred and Capital Securities Income Fund

$9.19

Open in terminal Compare Alert

Sharia status

NOT COMPLIANT

Screened by look-through to its filed holdings — 82% of portfolio weight covered

Fund look-through

Spectrum Preferred and Capital Securities Income Fund · Principal Funds, Inc

326 holdings · as of 2026-05-31 (3.6 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 78.67% of portfolio weight is in non-compliant holdings, over the 5% threshold.

326 holdings, 265 matched (82% of weight). Portfolio as of 2026-05-31, filed 2026-07-24. Source: SEC Form N-PORT.

22.67% of this portfolio’s income is non-permissible — weighted across holdings, computed over 39% of portfolio weight (140 of 326 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.

3.4% compliant 0.0% questionable 78.7% non-compliant 17.7% unscreened

All holdings (326) · showing 1–250

Holding	Status	Weight	Every methodology, and the debt ratio behind it
PNC PNC Financial Services Group Inc/The	NON_COMPLIANT	2.32%	AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9%
Liberty Mutual Group Inc	UNSCREENED	1.78%	no in-house ratios for this holding
ING ING Groep NV	NON_COMPLIANT	1.74%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
Principal Funds, Inc - Government Money Market Fund - Class R-6	UNSCREENED	1.64%	no in-house ratios for this holding
BAC Bank of America Corp	NON_COMPLIANT	1.61%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
NWG.L NatWest Group PLC	NON_COMPLIANT	1.53%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Huntington Bancshares Inc/OH	UNSCREENED	1.50%	no in-house ratios for this holding
BARC.L Barclays PLC	NON_COMPLIANT	1.47%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
C Citigroup Inc	NON_COMPLIANT	1.45%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
MET MetLife Inc	NON_COMPLIANT	1.44%	AAOIFI47.5% Usmani3.9% Dow Jones Islamic56.2% S&P Shariah58.5% MSCI Islamic3.9% MSCI Islamic M-Series58.5% FTSE Shariah3.9%
ACA.PA Credit Agricole SA	NON_COMPLIANT	1.33%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WFC Wells Fargo & Co	NON_COMPLIANT	1.12%	AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
STT State Street Corp	NON_COMPLIANT	1.12%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
JPM JPMorgan Chase & Co	NON_COMPLIANT	1.10%	AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4%
STT State Street Corp	NON_COMPLIANT	1.10%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
MET MetLife Inc	NON_COMPLIANT	1.10%	AAOIFI47.5% Usmani3.9% Dow Jones Islamic56.2% S&P Shariah58.5% MSCI Islamic3.9% MSCI Islamic M-Series58.5% FTSE Shariah3.9%
JPM JPMorgan Chase & Co	NON_COMPLIANT	1.07%	AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4%
BNS.TO Bank of Nova Scotia/The	NON_COMPLIANT	1.06%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BAC Bank of America Corp	NON_COMPLIANT	1.05%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
ENB.TO Enbridge Inc	NON_COMPLIANT	1.03%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WFC Wells Fargo & Co	NON_COMPLIANT	1.03%	AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
RY Royal Bank of Canada	COMPLIANT	1.03%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
GS Goldman Sachs Group Inc/The	NON_COMPLIANT	0.99%	AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6%
BBVA.MC Banco Bilbao Vizcaya Argentaria SA	NON_COMPLIANT	0.98%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SAN.MC Banco Santander SA	NON_COMPLIANT	0.95%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
RY Royal Bank of Canada	COMPLIANT	0.95%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
C Citigroup Inc	NON_COMPLIANT	0.93%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.93%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SCHW Charles Schwab Corp/The	NON_COMPLIANT	0.92%	AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3%
RY Royal Bank of Canada	COMPLIANT	0.92%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
NDA-FI.HE Nordea Bank Abp	NON_COMPLIANT	0.91%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UBSG.SW UBS Group AG	NON_COMPLIANT	0.89%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Huntington Bancshares Inc/OH	UNSCREENED	0.86%	no in-house ratios for this holding
Sumitomo Life Insurance Co	UNSCREENED	0.85%	no in-house ratios for this holding
BBVA.MC Banco Bilbao Vizcaya Argentaria SA	NON_COMPLIANT	0.81%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Invesco Preferred ETF	UNSCREENED	0.80%	no in-house ratios for this holding
JPM JPMorgan Chase & Co	NON_COMPLIANT	0.77%	AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4%
BMO.TO Bank of Montreal	NON_COMPLIANT	0.74%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.73%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
ENB.TO Enbridge Inc	NON_COMPLIANT	0.73%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
ING ING Groep NV	NON_COMPLIANT	0.66%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
T AT&T Inc	NON_COMPLIANT	0.65%	AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6%
Huntington Bancshares Inc/OH	UNSCREENED	0.64%	no in-house ratios for this holding
STAN.L Standard Chartered PLC	NON_COMPLIANT	0.62%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
GS Goldman Sachs Group Inc/The	NON_COMPLIANT	0.61%	AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6%
BNS.TO Bank of Nova Scotia/The	NON_COMPLIANT	0.60%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UBSG.SW UBS Group AG	NON_COMPLIANT	0.59%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
PSX Phillips 66 Co	NON_COMPLIANT	0.58%	AAOIFI20.2% Usmani25.1% Dow Jones Islamic36.5% S&P Shariah37.1% MSCI Islamic25.1% MSCI Islamic M-Series37.1% FTSE Shariah25.1%
BAC Bank of America Corp	NON_COMPLIANT	0.57%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
TD Toronto-Dominion Bank/The	NON_COMPLIANT	0.57%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
DBK.DE Deutsche Bank AG	NON_COMPLIANT	0.57%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BMO.TO Bank of Montreal	NON_COMPLIANT	0.55%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
GLE.PA Societe Generale SA	NON_COMPLIANT	0.55%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
D Dominion Energy Inc	NON_COMPLIANT	0.55%	AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7%
BNS.TO Bank of Nova Scotia/The	NON_COMPLIANT	0.54%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CFG Citizens Financial Group Inc	NON_COMPLIANT	0.54%	AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8%
CRBG Corebridge Financial Inc	NON_COMPLIANT	0.53%	AAOIFI8.3% Usmani0.3% Dow Jones Islamic8.0% S&P Shariah8.2% MSCI Islamic0.3% MSCI Islamic M-Series8.2% FTSE Shariah0.3%
CM.TO Canadian Imperial Bank of Commerce	NON_COMPLIANT	0.53%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BNY Bank of New York Mellon Corp/The	NON_COMPLIANT	0.53%	AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8%
TD Toronto-Dominion Bank/The	NON_COMPLIANT	0.53%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
Electricite de France SA	UNSCREENED	0.52%	no in-house ratios for this holding
Enterprise Products Operating LLC	UNSCREENED	0.51%	no in-house ratios for this holding
BP Capital Markets PLC	UNSCREENED	0.50%	no in-house ratios for this holding
D Dominion Energy Inc	NON_COMPLIANT	0.50%	AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7%
PRU Prudential Financial Inc	NON_COMPLIANT	0.50%	AAOIFI49.0% Usmani2.6% Dow Jones Islamic56.4% S&P Shariah57.7% MSCI Islamic2.6% MSCI Islamic M-Series57.7% FTSE Shariah2.6%
MetLife Capital Trust IV	UNSCREENED	0.49%	no in-house ratios for this holding
D Dominion Energy Inc	NON_COMPLIANT	0.48%	AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7%
NDA-FI.HE Nordea Bank Abp	NON_COMPLIANT	0.47%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BNY Bank of New York Mellon Corp/The	NON_COMPLIANT	0.47%	AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8%
BNY Bank of New York Mellon Corp/The	NON_COMPLIANT	0.46%	AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8%
SAN.MC Banco Santander SA	NON_COMPLIANT	0.46%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
TFC Truist Financial Corp	NON_COMPLIANT	0.45%	AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6%
RF Regions Financial Corp	NON_COMPLIANT	0.45%	AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7%
UBSG.SW UBS Group AG	NON_COMPLIANT	0.45%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
AEP American Electric Power Co Inc	NON_COMPLIANT	0.45%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.45%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Macquarie Bank Ltd/London	UNSCREENED	0.44%	no in-house ratios for this holding
Meiji Yasuda Life Insurance Co	UNSCREENED	0.44%	no in-house ratios for this holding
VOYA Voya Financial Inc	NON_COMPLIANT	0.44%	AAOIFI23.3% Usmani1.1% Dow Jones Islamic30.0% S&P Shariah30.4% MSCI Islamic1.1% MSCI Islamic M-Series30.4% FTSE Shariah1.1%
STAN.L Standard Chartered PLC	NON_COMPLIANT	0.43%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CoBank ACB	UNSCREENED	0.42%	no in-house ratios for this holding
BNS.TO Bank of Nova Scotia/The	NON_COMPLIANT	0.41%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
C Citigroup Inc	NON_COMPLIANT	0.41%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
T.TO TELUS Corp	NON_COMPLIANT	0.41%	AAOIFI160.4% Usmani52.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic52.8% MSCI Islamic M-Seriesfail FTSE Shariah52.8%
D Dominion Energy Inc	NON_COMPLIANT	0.41%	AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7%
BARC.L Barclays PLC	NON_COMPLIANT	0.40%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Meiji Yasuda Life Insurance Co	UNSCREENED	0.40%	no in-house ratios for this holding
ET Energy Transfer LP	NON_COMPLIANT	0.39%	AAOIFI94.8% Usmani47.4% Dow Jones Islamic120.8% S&P Shariah134.5% MSCI Islamic47.4% MSCI Islamic M-Series134.5% FTSE Shariah46.2%
Nippon Life Insurance Co	UNSCREENED	0.39%	no in-house ratios for this holding
KEY KeyCorp	NON_COMPLIANT	0.38%	AAOIFI47.1% Usmani5.7% Dow Jones Islamic56.9% S&P Shariah65.9% MSCI Islamic5.7% MSCI Islamic M-Series65.9% FTSE Shariah5.7%
ACE Capital Trust II	UNSCREENED	0.38%	no in-house ratios for this holding
TransCanada PipeLines Ltd	UNSCREENED	0.37%	no in-house ratios for this holding
BMO.TO Bank of Montreal	NON_COMPLIANT	0.37%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
STAN.L Standard Chartered PLC	NON_COMPLIANT	0.36%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UBSG.SW UBS Group AG	NON_COMPLIANT	0.36%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CFG Citizens Financial Group Inc	NON_COMPLIANT	0.36%	AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8%
UBSG.SW UBS Group AG	NON_COMPLIANT	0.36%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
NextEra Energy Capital Holdings Inc	UNSCREENED	0.36%	no in-house ratios for this holding
Dai-ichi Life Insurance Co Ltd	UNSCREENED	0.36%	no in-house ratios for this holding
GLE.PA Societe Generale SA	NON_COMPLIANT	0.34%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
GS Goldman Sachs Group Inc/The	NON_COMPLIANT	0.34%	AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6%
AEP American Electric Power Co Inc	NON_COMPLIANT	0.34%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
HSBA.L HSBC Holdings PLC	NON_COMPLIANT	0.33%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
C Citigroup Inc	NON_COMPLIANT	0.33%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
UBSG.SW UBS Group AG	NON_COMPLIANT	0.33%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
VOYA Voya Financial Inc	NON_COMPLIANT	0.33%	AAOIFI23.3% Usmani1.1% Dow Jones Islamic30.0% S&P Shariah30.4% MSCI Islamic1.1% MSCI Islamic M-Series30.4% FTSE Shariah1.1%
SWED-A.ST Swedbank AB	NON_COMPLIANT	0.33%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
DUK Duke Energy Corp	NON_COMPLIANT	0.32%	AAOIFI95.1% Usmani45.3% Dow Jones Islamic98.9% S&P Shariah107.5% MSCI Islamic45.0% MSCI Islamic M-Series107.5% FTSE Shariah44.4%
CFG Citizens Financial Group Inc	NON_COMPLIANT	0.32%	AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8%
LLOY.L Lloyds Banking Group PLC	NON_COMPLIANT	0.32%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MS Morgan Stanley	NON_COMPLIANT	0.31%	AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
T.TO TELUS Corp	NON_COMPLIANT	0.30%	AAOIFI160.4% Usmani52.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic52.8% MSCI Islamic M-Seriesfail FTSE Shariah52.8%
PSA Public Storage	NON_COMPLIANT	0.30%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
VZ Verizon Communications Inc	NON_COMPLIANT	0.30%	AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3%
FHN First Horizon Corp	NON_COMPLIANT	0.29%	AAOIFI187.6% Usmani26.2% Dow Jones Islamic208.5% S&P Shariah233.7% MSCI Islamic26.2% MSCI Islamic M-Series233.7% FTSE Shariah26.2%
TransCanada PipeLines Ltd	UNSCREENED	0.28%	no in-house ratios for this holding
SWED-A.ST Swedbank AB	NON_COMPLIANT	0.28%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UBSG.SW UBS Group AG	NON_COMPLIANT	0.27%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
C Citigroup Inc	NON_COMPLIANT	0.27%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.27%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CRBG Corebridge Financial Inc	NON_COMPLIANT	0.26%	AAOIFI8.3% Usmani0.3% Dow Jones Islamic8.0% S&P Shariah8.2% MSCI Islamic0.3% MSCI Islamic M-Series8.2% FTSE Shariah0.3%
TransCanada PipeLines Ltd	UNSCREENED	0.26%	no in-house ratios for this holding
RY Royal Bank of Canada	COMPLIANT	0.26%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
WTFC Wintrust Financial Corp	NON_COMPLIANT	0.26%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
UMBF UMB Financial Corp	NON_COMPLIANT	0.25%	AAOIFI5.5% Usmani0.8% Dow Jones Islamic7.5% S&P Shariah9.1% MSCI Islamic0.8% MSCI Islamic M-Series9.1% FTSE Shariah0.8%
Transcanada Trust	UNSCREENED	0.25%	no in-house ratios for this holding
MS Morgan Stanley	NON_COMPLIANT	0.25%	AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
Nationwide Financial Services Inc	UNSCREENED	0.25%	no in-house ratios for this holding
KeyCorp Capital III	UNSCREENED	0.24%	no in-house ratios for this holding
SO Southern Co/The	NON_COMPLIANT	0.24%	AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8%
CoBank ACB	UNSCREENED	0.24%	no in-house ratios for this holding
ES Eversource Energy	NON_COMPLIANT	0.24%	AAOIFI108.8% Usmani45.9% Dow Jones Islamic122.9% S&P Shariah132.3% MSCI Islamic45.9% MSCI Islamic M-Series132.3% FTSE Shariah45.9%
C Citigroup Inc	NON_COMPLIANT	0.23%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
MS Morgan Stanley	NON_COMPLIANT	0.23%	AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
Emera US Finance LLC	UNSCREENED	0.23%	no in-house ratios for this holding
Swiss RE Subordinated Finance PLC	UNSCREENED	0.23%	no in-house ratios for this holding
CM.TO Canadian Imperial Bank of Commerce	NON_COMPLIANT	0.22%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
AEP American Electric Power Co Inc	NON_COMPLIANT	0.22%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Dairy Farmers of America Inc	UNSCREENED	0.22%	no in-house ratios for this holding
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.22%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SRE Sempra	NON_COMPLIANT	0.22%	AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4%
C Citigroup Inc	NON_COMPLIANT	0.21%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
KEY KeyCorp	NON_COMPLIANT	0.20%	AAOIFI47.1% Usmani5.7% Dow Jones Islamic56.9% S&P Shariah65.9% MSCI Islamic5.7% MSCI Islamic M-Series65.9% FTSE Shariah5.7%
LLOY.L Lloyds Banking Group PLC	NON_COMPLIANT	0.20%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
STAN.L Standard Chartered PLC	NON_COMPLIANT	0.20%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CoBank ACB	UNSCREENED	0.20%	no in-house ratios for this holding
STAN.L Standard Chartered PLC	NON_COMPLIANT	0.19%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
PNC PNC Financial Services Group Inc/The	NON_COMPLIANT	0.19%	AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9%
SF Stifel Financial Corp	NON_COMPLIANT	0.19%	AAOIFI6.0% Usmani1.7% Dow Jones Islamic9.9% S&P Shariah11.2% MSCI Islamic1.7% MSCI Islamic M-Series11.2% FTSE Shariah1.7%
RGA Reinsurance Group of America Inc	NON_COMPLIANT	0.19%	AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4%
PSA Public Storage	NON_COMPLIANT	0.19%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
EQH Equitable Holdings Inc	NON_COMPLIANT	0.19%	AAOIFI43.2% Usmani1.8% Dow Jones Islamic44.4% S&P Shariah47.8% MSCI Islamic1.8% MSCI Islamic M-Series47.8% FTSE Shariah1.8%
ENB.TO Enbridge Inc	NON_COMPLIANT	0.19%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
EQH Equitable Holdings Inc	NON_COMPLIANT	0.18%	AAOIFI43.2% Usmani1.8% Dow Jones Islamic44.4% S&P Shariah47.8% MSCI Islamic1.8% MSCI Islamic M-Series47.8% FTSE Shariah1.8%
PSA Public Storage	NON_COMPLIANT	0.18%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
XEL Xcel Energy Inc	NON_COMPLIANT	0.18%	AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3%
TFC Truist Financial Corp	NON_COMPLIANT	0.18%	AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6%
HSBA.L HSBC Holdings PLC	NON_COMPLIANT	0.18%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
EQH Equitable Holdings Inc	NON_COMPLIANT	0.17%	AAOIFI43.2% Usmani1.8% Dow Jones Islamic44.4% S&P Shariah47.8% MSCI Islamic1.8% MSCI Islamic M-Series47.8% FTSE Shariah1.8%
RF Regions Financial Corp	NON_COMPLIANT	0.17%	AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7%
PSA Public Storage	NON_COMPLIANT	0.17%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
DTE DTE Energy Co	NON_COMPLIANT	0.17%	AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9%
PSX Phillips 66 Co	NON_COMPLIANT	0.17%	AAOIFI20.2% Usmani25.1% Dow Jones Islamic36.5% S&P Shariah37.1% MSCI Islamic25.1% MSCI Islamic M-Series37.1% FTSE Shariah25.1%
SRE Sempra	NON_COMPLIANT	0.16%	AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4%
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.16%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
DTE DTE Energy Co	NON_COMPLIANT	0.16%	AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9%
UBSG.SW UBS Group AG	NON_COMPLIANT	0.16%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
NextEra Energy Capital Holdings Inc	UNSCREENED	0.15%	no in-house ratios for this holding
KIM Kimco Realty Corp	NON_COMPLIANT	0.15%	AAOIFI51.0% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.5% MSCI Islamic38.5% MSCI Islamic M-Series57.5% FTSE Shariah38.5%
UBSG.SW UBS Group AG	NON_COMPLIANT	0.15%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UBSG.SW UBS Group AG	NON_COMPLIANT	0.15%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WFC Wells Fargo & Co	NON_COMPLIANT	0.15%	AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
SAN.MC Banco Santander SA	NON_COMPLIANT	0.15%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
NWG.L NatWest Group PLC	NON_COMPLIANT	0.15%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
LLOY.L Lloyds Banking Group PLC	NON_COMPLIANT	0.14%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
PSA Public Storage	NON_COMPLIANT	0.14%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
WEC WEC Energy Group Inc	NON_COMPLIANT	0.14%	AAOIFI57.5% Usmani39.9% Dow Jones Islamic61.9% S&P Shariah68.5% MSCI Islamic39.1% MSCI Islamic M-Series68.5% FTSE Shariah39.1%
CMS CMS Energy Corp	NON_COMPLIANT	0.13%	AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5%
T.TO TELUS Corp	NON_COMPLIANT	0.13%	AAOIFI160.4% Usmani52.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic52.8% MSCI Islamic M-Seriesfail FTSE Shariah52.8%
BAC Bank of America Corp	NON_COMPLIANT	0.13%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
Farm Credit Bank of Texas	UNSCREENED	0.13%	no in-house ratios for this holding
HSBA.L HSBC Holdings PLC	NON_COMPLIANT	0.13%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
US Bancorp	UNSCREENED	0.13%	no in-house ratios for this holding
PSA Public Storage	NON_COMPLIANT	0.13%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
ES Eversource Energy	NON_COMPLIANT	0.13%	AAOIFI108.8% Usmani45.9% Dow Jones Islamic122.9% S&P Shariah132.3% MSCI Islamic45.9% MSCI Islamic M-Series132.3% FTSE Shariah45.9%
DTE DTE Energy Co	NON_COMPLIANT	0.13%	AAOIFI90.3% Usmani46.4% Dow Jones Islamic93.7% S&P Shariah101.8% MSCI Islamic46.4% MSCI Islamic M-Series101.8% FTSE Shariah45.9%
PNC PNC Financial Services Group Inc/The	NON_COMPLIANT	0.13%	AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9%
ALL Allstate Corp/The	NON_COMPLIANT	0.12%	AAOIFI11.4% Usmani6.0% Dow Jones Islamic14.1% S&P Shariah15.6% MSCI Islamic6.0% MSCI Islamic M-Series15.6% FTSE Shariah6.0%
HSBA.L HSBC Holdings PLC	NON_COMPLIANT	0.12%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Liberty Mutual Insurance Co	UNSCREENED	0.12%	no in-house ratios for this holding
CoBank ACB	UNSCREENED	0.11%	no in-house ratios for this holding
RGA Reinsurance Group of America Inc	NON_COMPLIANT	0.11%	AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4%
ALL Allstate Corp/The	NON_COMPLIANT	0.11%	AAOIFI11.4% Usmani6.0% Dow Jones Islamic14.1% S&P Shariah15.6% MSCI Islamic6.0% MSCI Islamic M-Series15.6% FTSE Shariah6.0%
ETR Entergy Corp	NON_COMPLIANT	0.11%	AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
ENB.TO Enbridge Inc	NON_COMPLIANT	0.11%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UBSG.SW UBS Group AG	NON_COMPLIANT	0.11%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MTB M&T Bank Corp	NON_COMPLIANT	0.11%	AAOIFI52.5% Usmani8.3% Dow Jones Islamic59.6% S&P Shariah66.0% MSCI Islamic8.3% MSCI Islamic M-Series66.0% FTSE Shariah8.3%
Nippon Life Insurance Co	UNSCREENED	0.11%	no in-house ratios for this holding
BAC Bank of America Corp	NON_COMPLIANT	0.11%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
HSBA.L HSBC Holdings PLC	NON_COMPLIANT	0.11%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
RF Regions Financial Corp	NON_COMPLIANT	0.11%	AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7%
Macquarie Bank Ltd/London	UNSCREENED	0.10%	no in-house ratios for this holding
BAER.SW Julius Baer Group Ltd	NON_COMPLIANT	0.10%	AAOIFI28.4% Usmani4.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.0% MSCI Islamic M-Seriesfail FTSE Shariah4.0%
CM.TO Canadian Imperial Bank of Commerce	NON_COMPLIANT	0.10%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CFR Cullen/Frost Bankers Inc	NON_COMPLIANT	0.10%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
SAN.MC Banco Santander SA	NON_COMPLIANT	0.10%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MUV2.DE Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen	NON_COMPLIANT	0.10%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
EVRG Evergy Inc	NON_COMPLIANT	0.10%	AAOIFI72.2% Usmani39.7% Dow Jones Islamic84.2% S&P Shariah94.4% MSCI Islamic39.4% MSCI Islamic M-Series94.4% FTSE Shariah39.2%
HSBA.L HSBC Holdings PLC	NON_COMPLIANT	0.10%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SO Southern Co/The	NON_COMPLIANT	0.10%	AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8%
RY Royal Bank of Canada	COMPLIANT	0.10%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
ALA.TO AltaGas Ltd	NON_COMPLIANT	0.10%	AAOIFI65.9% Usmani41.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic39.4% MSCI Islamic M-Seriesfail FTSE Shariah39.4%
BNP.PA BNP Paribas SA	NON_COMPLIANT	0.10%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
PSA Public Storage	NON_COMPLIANT	0.10%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
Farm Credit Bank of Texas	UNSCREENED	0.10%	no in-house ratios for this holding
COF Capital One Financial Corp	NON_COMPLIANT	0.10%	AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6%
NTRS Northern Trust Corp	NON_COMPLIANT	0.10%	AAOIFI11.1% Usmani2.1% Dow Jones Islamic15.8% S&P Shariah17.9% MSCI Islamic2.1% MSCI Islamic M-Series17.9% FTSE Shariah2.1%
VZ Verizon Communications Inc	NON_COMPLIANT	0.10%	AAOIFI98.4% Usmani45.9% Dow Jones Islamic109.0% S&P Shariah116.8% MSCI Islamic45.9% MSCI Islamic M-Series116.8% FTSE Shariah40.3%
AON Aon Corp	NON_COMPLIANT	0.09%	AAOIFI22.9% Usmani29.4% Dow Jones Islamic20.7% S&P Shariah21.9% MSCI Islamic29.4% MSCI Islamic M-Series21.9% FTSE Shariah28.1%
PLD Prologis Inc	COMPLIANT	0.09%	AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3%
BBVA.MC Banco Bilbao Vizcaya Argentaria SA	NON_COMPLIANT	0.09%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
STT State Street Corp	NON_COMPLIANT	0.09%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
NI NiSource Inc	NON_COMPLIANT	0.09%	AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4%
DNB.OL DNB Bank ASA	NON_COMPLIANT	0.09%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WFC Wells Fargo & Co	NON_COMPLIANT	0.08%	AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
WBS Webster Financial Corp	NON_COMPLIANT	0.08%	AAOIFI5.9% Usmani0.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.9% MSCI Islamic M-Seriesfail FTSE Shariah0.9%
COF Capital One Financial Corp	NON_COMPLIANT	0.08%	AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6%
MTB M&T Bank Corp	NON_COMPLIANT	0.08%	AAOIFI52.5% Usmani8.3% Dow Jones Islamic59.6% S&P Shariah66.0% MSCI Islamic8.3% MSCI Islamic M-Series66.0% FTSE Shariah8.3%
BAC Bank of America Corp	NON_COMPLIANT	0.08%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
PRU Prudential Financial Inc	NON_COMPLIANT	0.08%	AAOIFI49.0% Usmani2.6% Dow Jones Islamic56.4% S&P Shariah57.7% MSCI Islamic2.6% MSCI Islamic M-Series57.7% FTSE Shariah2.6%
ALV.DE Allianz SE	NON_COMPLIANT	0.08%	AAOIFI20.8% Usmani3.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.4% MSCI Islamic M-Seriesfail FTSE Shariah3.4%
RNR RenaissanceRe Holdings Ltd	NON_COMPLIANT	0.08%	AAOIFI17.0% Usmani4.2% Dow Jones Islamic18.5% S&P Shariah19.2% MSCI Islamic4.2% MSCI Islamic M-Series19.2% FTSE Shariah4.2%
JPM JPMorgan Chase & Co	NON_COMPLIANT	0.08%	AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4%
VOD.L Vodafone Group PLC	NON_COMPLIANT	0.08%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CMS CMS Energy Corp	NON_COMPLIANT	0.07%	AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5%
PSA Public Storage	NON_COMPLIANT	0.07%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
NI NiSource Inc	NON_COMPLIANT	0.07%	AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4%
Georgia Power Co	UNSCREENED	0.06%	no in-house ratios for this holding
WRB W R Berkley Corp	NON_COMPLIANT	0.06%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
FRT Federal Realty Investment Trust	NON_COMPLIANT	0.06%	AAOIFI48.5% Usmani54.6% Dow Jones Islamic56.8% S&P Shariah59.6% MSCI Islamic54.6% MSCI Islamic M-Series59.6% FTSE Shariah54.6%
AEP American Electric Power Co Inc	NON_COMPLIANT	0.06%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MGR Affiliated Managers Group Inc	NON_COMPLIANT	0.06%	AAOIFI33.2% Usmani31.9% Dow Jones Islamic526.5% S&P Shariah509.8% MSCI Islamic31.9% MSCI Islamic M-Series509.8% FTSE Shariah31.9%
ETR Entergy Corp	NON_COMPLIANT	0.06%	AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
PSA Public Storage	NON_COMPLIANT	0.06%	AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6%
CRBG Corebridge Financial Inc	NON_COMPLIANT	0.06%	AAOIFI8.3% Usmani0.3% Dow Jones Islamic8.0% S&P Shariah8.2% MSCI Islamic0.3% MSCI Islamic M-Series8.2% FTSE Shariah0.3%
WFC Wells Fargo & Co	NON_COMPLIANT	0.06%	AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
MGR Affiliated Managers Group Inc	NON_COMPLIANT	0.06%	AAOIFI33.2% Usmani31.9% Dow Jones Islamic526.5% S&P Shariah509.8% MSCI Islamic31.9% MSCI Islamic M-Series509.8% FTSE Shariah31.9%
US Bancorp	UNSCREENED	0.05%	no in-house ratios for this holding
Entergy Louisiana LLC	UNSCREENED	0.05%	no in-house ratios for this holding
ALL Allstate Corp/The	NON_COMPLIANT	0.05%	AAOIFI11.4% Usmani6.0% Dow Jones Islamic14.1% S&P Shariah15.6% MSCI Islamic6.0% MSCI Islamic M-Series15.6% FTSE Shariah6.0%

The published standards disagree about this fund by 4 points of portfolio weight — 5.5% of it passes AAOIFI, 1.1% passes Usmani. 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.

Screen by

ratios pass on 5.5% ratios fail on 76.4% 17.9% not rated under AAOIFI

94 of 326 listed holdings carry our own per-methodology verdicts (82% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 70 (51% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holding	Weight
PNC PNC Financial Services Group Inc/The	2.32%
ING ING Groep NV	1.74%
BAC Bank of America Corp	1.61%
NWG.L NatWest Group PLC	1.53%
BARC.L Barclays PLC	1.47%
C Citigroup Inc	1.45%
MET MetLife Inc	1.44%
ACA.PA Credit Agricole SA	1.33%
WFC Wells Fargo & Co	1.12%
STT State Street Corp	1.12%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH

No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

PPSAX (PPSAX) 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.

NON-COMPLIANT

Sharia compliance

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for PPSAX — 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

Support & Resistance

This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.

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.

7-day expected range

9.15 – 9.21

±0.31% from 9.18, made 2026-09-14 · resolves 2026-09-21

STRONG SELL

from 19 indicators

Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 51033 forecast(s) are currently open and will be scored automatically when their horizon expires.

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.

STRONG SELL

19 indicators

OscillatorsSTRONG SELL

0 buy · 4 neutral · 3 sell

Moving averagesSTRONG SELL

0 buy · 0 neutral · 12 sell

Every indicator, and what it reads

Indicator	Value	Signal
RSI (14)	39.70	NEUTRAL
Stochastic %K (14)	33.33	NEUTRAL
CCI (20)	-73.91	NEUTRAL
Williams %R (14)	-66.67	NEUTRAL
MACD (12,26,9)	-0.01	SELL
ROC (10)	-0.54	SELL
Momentum (10)	-0.05	SELL
EMA (10)	9.19	SELL
SMA (10)	9.20	SELL
EMA (20)	9.22	SELL
SMA (20)	9.23	SELL
EMA (30)	9.23	SELL
SMA (30)	9.24	SELL
EMA (50)	9.24	SELL
SMA (50)	9.25	SELL
EMA (100)	9.23	SELL
SMA (100)	9.25	SELL
EMA (200)	9.20	SELL
SMA (200)	9.21	SELL

About PPSAX

The fund invests at least 80% of its net assets, plus any borrowing for investment purposes, in preferred securities and capital securities. Preferred securities typically include preferred stock and various types of junior subordinated debt and trust preferred securities. It also invests up to 55% of its assets in below-investment-grade preferred securities and bonds (sometimes called “high yield bonds” or “junk bonds”), which are rated at the time of purchase Ba1 or lower by Moody’s and BB+ or lower by S&P Global.

Background via Yahoo Finance — informational, not part of the verdict.

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.

Not enough price history yet for a smart-money structure read on any timeframe.

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 2026-09-15 · Asset managers net 904684 (-7677)

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.

Screening

Tools and feeds

Discover

Research

Track record

Methodology

Read