QLVEETF / FundFlexShares Emerging Markets Quality Low Volatility Index Fund
Verdicts genuinely change. Free email alert the moment QLVE'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.
FlexShares Emerging Markets Quality Low Volatility Index Fund ETF · FlexShares Trust
170 holdings · as of 2026-07-31 (3.2 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.
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 24.00% of portfolio weight is in non-compliant holdings, over the 5% threshold.
0.00% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
170 holdings, 98 matched (78% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
1.94% of this portfolio’s income is non-permissible — weighted across holdings, computed over 66% of portfolio weight (80 of 170 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.
53.7% compliant 0.0% questionable 23.8% non-compliant 22.5% unscreened
All holdings (170)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 15.11% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS Samsung Electronics Co. Ltd. | COMPLIANT | 6.48% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| International Holding Co. PJSC | UNSCREENED | 3.66% | no in-house ratios for this holding |
| 000660.KS SK hynix, Inc. | COMPLIANT | 3.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0700.HK Tencent Holdings Ltd. | COMPLIANT | 2.52% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 005930.KS Samsung Electronics Co. Ltd. | COMPLIANT | 2.02% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| CF SECURED LLC | UNSCREENED | 1.35% | no in-house ratios for this holding |
| BABA Alibaba Group Holding Ltd. | COMPLIANT | 1.31% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| HDFCBANK.NS HDFC Bank Ltd. | NON_COMPLIANT | 1.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INFY Infosys Ltd. | 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% |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | NON_COMPLIANT | 1.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3988.HK Bank of China Ltd. | NON_COMPLIANT | 1.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UMC United Microelectronics Corp. | COMPLIANT | 1.05% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 018260.KS Samsung SDS Co. Ltd. | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1398.HK Industrial & Commercial Bank of China Ltd. | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Novatek Microelectronics Corp. | UNSCREENED | 0.95% | no in-house ratios for this holding |
| BB Seguridade Participacoes SA | UNSCREENED | 0.94% | no in-house ratios for this holding |
| MARICO.NS Marico Ltd. | COMPLIANT | 0.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2454.TW MediaTek, Inc. | COMPLIANT | 0.90% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BHARTIARTL.BO Bharti Airtel Ltd. | COMPLIANT | 0.88% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Bangkok Dusit Medical Services PCL | UNSCREENED | 0.86% | no in-house ratios for this holding |
| Jarir Marketing Co. | UNSCREENED | 0.86% | no in-house ratios for this holding |
| EICHERMOT.BO Eicher Motors Ltd. | COMPLIANT | 0.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASIANPAINT.NS Asian Paints Ltd. | COMPLIANT | 0.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| TCS.NS Tata Consultancy Services Ltd. | COMPLIANT | 0.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SUNPHARMA.NS Sun Pharmaceutical Industries Ltd. | COMPLIANT | 0.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2892.TW First Financial Holding Co. Ltd. | NON_COMPLIANT | 0.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Emirates Integrated Telecommunications Co. PJSC | UNSCREENED | 0.84% | no in-house ratios for this holding |
| Caixa Seguridade Participacoes SA | UNSCREENED | 0.84% | no in-house ratios for this holding |
| Guangdong Investment Ltd. | UNSCREENED | 0.83% | no in-house ratios for this holding |
| 0857.HK PetroChina Co. Ltd. | COMPLIANT | 0.83% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 4904.TW Far EasTone Telecommunications Co. Ltd. | COMPLIANT | 0.82% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1295.KL Public Bank Bhd. | NON_COMPLIANT | 0.76% | AAOIFI13.9% Usmani2.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic2.4% MSCI Islamic M-Seriesfail FTSE Shariah2.4% |
| 0322.HK Tingyi Cayman Islands Holding Corp. | COMPLIANT | 0.76% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0939.HK China Construction Bank Corp. | NON_COMPLIANT | 0.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PTXLF PTT Exploration & Production PCL | COMPLIANT | 0.73% | AAOIFI26.2% Usmani17.4% Dow Jones Islamic28.8% S&P Shariah28.8% MSCI Islamic13.6% MSCI Islamic M-Series28.8% FTSE Shariah13.6% |
| 1088.HK China Shenhua Energy Co. Ltd. | COMPLIANT | 0.69% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HINDUNILVR.NS Hindustan Unilever Ltd. | COMPLIANT | 0.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 015760.KS Korea Electric Power Corp. | NON_COMPLIANT | 0.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NBK.KW National Bank of Kuwait SAKP | NON_COMPLIANT | 0.67% | AAOIFI46.7% Usmani8.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.2% MSCI Islamic M-Seriesfail FTSE Shariah8.2% |
| ECOPETROL.CL Ecopetrol SA | NON_COMPLIANT | 0.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PIDILITIND.NS Pidilite Industries Ltd. | COMPLIANT | 0.65% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| CHT Chunghwa Telecom Co. Ltd. | COMPLIANT | 0.64% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 1898.HK China Coal Energy Co. Ltd. | NON_COMPLIANT | 0.63% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| MARUTI.NS Maruti Suzuki India Ltd. | COMPLIANT | 0.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Dr. Sulaiman Al Habib Medical Services Group Co. | UNSCREENED | 0.62% | no in-house ratios for this holding |
| 033780.KS KT&G Corp. | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Amorepacific Corp. | UNSCREENED | 0.62% | no in-house ratios for this holding |
| 5876.TW Shanghai Commercial & Savings Bank Ltd. (The) | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HCLTECH.NS HCL Technologies Ltd. | COMPLIANT | 0.61% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MUTHOOTFIN.NS Muthoot Finance Ltd. | NON_COMPLIANT | 0.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Aboitiz Power Corp. | UNSCREENED | 0.59% | no in-house ratios for this holding |
| 2801.TW Chang Hwa Commercial Bank Ltd. | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CIPLA.NS Cipla Ltd. | COMPLIANT | 0.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 7010.SR Saudi Telecom Co. | COMPLIANT | 0.57% | AAOIFI8.0% Usmani12.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.1% MSCI Islamic M-Seriespass FTSE Shariah11.1% |
| Aselsan Elektronik Sanayi ve Ticaret A/S | UNSCREENED | 0.56% | no in-house ratios for this holding |
| Qatar Fuel QSC | UNSCREENED | 0.56% | no in-house ratios for this holding |
| 1155.KL Malayan Banking Bhd. | NON_COMPLIANT | 0.55% | AAOIFI41.2% Usmani5.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.0% MSCI Islamic M-Seriesfail FTSE Shariah5.0% |
| Emirates Central Cooling Systems Corp. | UNSCREENED | 0.55% | no in-house ratios for this holding |
| QIIK.QA Qatar International Islamic Bank QSC | NON_COMPLIANT | 0.55% | AAOIFI31.7% Usmani8.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.2% MSCI Islamic M-Seriesfail FTSE Shariah8.2% |
| 068270.KS Celltrion, Inc. | COMPLIANT | 0.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1030.SR Saudi Investment Bank (The) | NON_COMPLIANT | 0.55% | AAOIFI15.9% Usmani1.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.7% MSCI Islamic M-Seriesfail FTSE Shariah1.7% |
| BRITANNIA.NS Britannia Industries Ltd. | COMPLIANT | 0.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2308.TW Delta Electronics, Inc. | COMPLIANT | 0.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 012450.KS Hanwha Aerospace Co. Ltd. | NON_COMPLIANT | 0.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Holcim Maroc SA | UNSCREENED | 0.53% | no in-house ratios for this holding |
| 4863.KL Telekom Malaysia Bhd. | COMPLIANT | 0.52% | AAOIFI12.4% Usmani25.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.0% MSCI Islamic M-Seriespass FTSE Shariah18.0% |
| 3618.HK Chongqing Rural Commercial Bank Co. Ltd. | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Metropolitan Bank & Trust Co. | UNSCREENED | 0.52% | no in-house ratios for this holding |
| Taiwan Mobile Co. Ltd. | UNSCREENED | 0.52% | no in-house ratios for this holding |
| 1066.KL RHB Bank Bhd. | NON_COMPLIANT | 0.52% | AAOIFI43.2% Usmani4.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.4% MSCI Islamic M-Seriesfail FTSE Shariah4.4% |
| 0177.HK Jiangsu Expressway Co. Ltd. | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 017670.KS SK Telecom Co. Ltd. | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Mobile Telecommunications Co. KSCP | UNSCREENED | 0.51% | no in-house ratios for this holding |
| Taiwan High Speed Rail Corp. | UNSCREENED | 0.50% | no in-house ratios for this holding |
| 5819.KL Hong Leong Bank Bhd. | NON_COMPLIANT | 0.50% | AAOIFI11.0% Usmani1.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.6% MSCI Islamic M-Seriesfail FTSE Shariah1.6% |
| Mega Financial Holding Co. Ltd. | UNSCREENED | 0.49% | no in-house ratios for this holding |
| NESTLEIND.NS Nestle India Ltd. | COMPLIANT | 0.48% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Bumrungrad Hospital PCL | UNSCREENED | 0.47% | no in-house ratios for this holding |
| LUPIN.NS Lupin Ltd. | COMPLIANT | 0.47% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| WAAREEENER.NS WAAREE Energies Ltd. | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| DIVISLAB.NS Divi's Laboratories Ltd. | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Petronas Gas Bhd. | UNSCREENED | 0.46% | no in-house ratios for this holding |
| CPFE3.SA CPFL Energia SA | NON_COMPLIANT | 0.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AISF.F Advanced Info Service PCL | COMPLIANT | 0.44% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VIVT3.SA Telefonica Brasil SA | COMPLIANT | 0.44% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Abu Dhabi National Oil Co. for Distribution PJSC | UNSCREENED | 0.43% | no in-house ratios for this holding |
| Arabian Internet & Communications Services Co. | UNSCREENED | 0.42% | no in-house ratios for this holding |
| 0151.HK Want Want China Holdings Ltd. | NON_COMPLIANT | 0.42% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 0902.HK Huaneng Power International, Inc. | NON_COMPLIANT | 0.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ITC.NS ITC Ltd. | NON_COMPLIANT | 0.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0788.HK China Tower Corp. Ltd. | NON_COMPLIANT | 0.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 047050.KS Posco International Corp. | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 259960.KS Krafton, Inc. | NON_COMPLIANT | 0.38% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 2379.TW Realtek Semiconductor Corp. | COMPLIANT | 0.38% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Turkiye Petrol Rafinerileri A/S | UNSCREENED | 0.38% | no in-house ratios for this holding |
| Largan Precision Co. Ltd. | UNSCREENED | 0.37% | no in-house ratios for this holding |
| President Chain Store Corp. | UNSCREENED | 0.36% | no in-house ratios for this holding |
| 0135.HK Kunlun Energy Co. Ltd. | NON_COMPLIANT | 0.36% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| QEWS.QA Nebras Energy | NON_COMPLIANT | 0.36% | AAOIFI47.2% Usmani29.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic29.3% MSCI Islamic M-Seriesfail FTSE Shariah29.3% |
| Celcomdigi Bhd. | UNSCREENED | 0.36% | no in-house ratios for this holding |
| ICICIBANK.NS ICICI Bank Ltd. | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NYKAA.NS FSN E-Commerce Ventures Ltd. | COMPLIANT | 0.35% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BDO Unibank, Inc. | UNSCREENED | 0.34% | no in-house ratios for this holding |
| MRF.NS MRF Ltd. | COMPLIANT | 0.34% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3816.KL MISC Bhd. | NON_COMPLIANT | 0.33% | AAOIFI37.0% Usmani25.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic24.3% MSCI Islamic M-Seriesfail FTSE Shariah24.3% |
| Petronas Dagangan Bhd. | UNSCREENED | 0.33% | no in-house ratios for this holding |
| Yadea Group Holdings Ltd. | UNSCREENED | 0.33% | no in-house ratios for this holding |
| OFSS.BO Oracle Financial Services Software Ltd. | COMPLIANT | 0.30% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ABEV3.SA Ambev SA | NON_COMPLIANT | 0.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HEROMOTOCO.NS Hero MotoCorp Ltd. | COMPLIANT | 0.28% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NTES NetEase, Inc. | NON_COMPLIANT | 0.26% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| 005490.KS POSCO Holdings, Inc. | NON_COMPLIANT | 0.26% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1120.SR Al Rajhi Bank | NON_COMPLIANT | 0.21% | AAOIFI20.1% Usmani7.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.7% MSCI Islamic M-Seriesfail FTSE Shariah7.7% |
| RELIANCE.NS Reliance Industries Ltd. | COMPLIANT | 0.20% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Fertiglobe plc | UNSCREENED | 0.19% | no in-house ratios for this holding |
| VALE3.SA Vale SA | NON_COMPLIANT | 0.18% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Elm Co. | UNSCREENED | 0.17% | no in-house ratios for this holding |
| PDD PDD Holdings, Inc. | NON_COMPLIANT | 0.16% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| PINFRA.MX Promotora y Operadora de Infraestructura SAB de CV | NON_COMPLIANT | 0.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VOLTAS.NS Voltas Ltd. | COMPLIANT | 0.15% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GRUMAB.MX Gruma SAB de CV | NON_COMPLIANT | 0.14% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TORNTPHARM.NS Torrent Pharmaceuticals Ltd. | COMPLIANT | 0.14% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| EMBASSY.BO Embassy Office Parks REIT | NON_COMPLIANT | 0.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ITUB3.SA Itau Unibanco Holding SA | NON_COMPLIANT | 0.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2328.HK PICC Property & Casualty Co. Ltd. | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GODREJCP.NS Godrej Consumer Products Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2317.TW Hon Hai Precision Industry Co. Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| N/A | UNSCREENED | 0.07% | no in-house ratios for this holding |
| Meritz Financial Group, Inc. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| 035420.KS NAVER Corp. | COMPLIANT | 0.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| New Taiwan Dollar | UNSCREENED | 0.05% | no in-house ratios for this holding |
| Banco BBVA Peru SA | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Hong Kong Dollar | UNSCREENED | 0.04% | no in-house ratios for this holding |
| COLPAL.NS Colgate-Palmolive India Ltd. | COMPLIANT | 0.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Chinese Renminbi (Yuan) | UNSCREENED | 0.03% | no in-house ratios for this holding |
| South Korea Won | UNSCREENED | 0.02% | no in-house ratios for this holding |
| New Mexican Pesos | UNSCREENED | 0.01% | no in-house ratios for this holding |
| KLBN11.SA Klabin SA | COMPLIANT | 0.01% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Indian Rupee | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Chilean Peso Currency | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Brazilian Real | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Uab Dirham | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Peruvian New Sol | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Polish Zloty - New | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Kuwaiti Dinar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Saudi Arabian Ryal | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Qatari Rial | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Moroccan Dirham | UNSCREENED | 0.00% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Malaysian Ringgit | UNSCREENED | 0.00% | no in-house ratios for this holding |
| TFDXX LEX BLACKROCK FED FUND | UNSCREENED | 0.00% | no in-house ratios for this holding |
| DREYFUS TREASURY & AGENCY LEX | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| INVESCO GOVT AND AGCY LEX | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MS GOVT US LEX | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Hungarian Forint | UNSCREENED | 0.00% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Turkish Lira | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Czech Repub. Kronas | UNSCREENED | 0.00% | no in-house ratios for this holding |
| South African Rand | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Colombian Peso | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Indonesian Rupiah | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Sberbank of Russia PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Unipro PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PhosAgro PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Polyus PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Surgutneftegas PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Robinson PCL | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Russian Roubles | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Thailand Baht | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 24 points of portfolio weight — 50.0% of it passes AAOIFI, 25.7% 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 50.0% ratios fail on 25.3% 25.5% not rated under AAOIFI
ratios pass on 30.5% ratios fail on 41.0% 29.3% not rated under Usmani
ratios pass on 46.9% ratios fail on 24.6% 29.3% not rated under Dow Jones Islamic
ratios pass on 46.9% ratios fail on 24.6% 29.3% not rated under S&P Shariah
ratios pass on 25.7% ratios fail on 45.8% 29.3% not rated under MSCI Islamic
ratios pass on 46.9% ratios fail on 24.6% 29.3% not rated under MSCI Islamic M-Series
ratios pass on 33.2% ratios fail on 38.4% 29.3% not rated under FTSE Shariah
96 of 170 listed holdings carry our own per-methodology verdicts (78% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 20 (34% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| HDFCBANK.NS HDFC Bank Ltd. | 1.23% |
| PETR3.SA Petroleo Brasileiro SA - Petrobras | 1.09% |
| 3988.HK Bank of China Ltd. | 1.09% |
| 018260.KS Samsung SDS Co. Ltd. | 1.04% |
| 1398.HK Industrial & Commercial Bank of China Ltd. | 1.02% |
| 2892.TW First Financial Holding Co. Ltd. | 0.84% |
| 1295.KL Public Bank Bhd. | 0.76% |
| 0939.HK China Construction Bank Corp. | 0.73% |
| 015760.KS Korea Electric Power Corp. | 0.67% |
| NBK.KW National Bank of Kuwait SAKP | 0.67% |
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.
FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE) 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.
Still fetching analyst coverage — 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for QLVE — 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
Not enough completed daily bars to compute pivots.
Price Forecast
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Technical Summary
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 37.00 | NEUTRAL |
| Stochastic %K (14) | 7.94 | BUY |
| CCI (20) | -111.13 | BUY |
| Williams %R (14) | -92.06 | BUY |
| MACD (12,26,9) | -0.06 | SELL |
| ROC (10) | -2.27 | SELL |
| Momentum (10) | -0.74 | SELL |
| EMA (10) | 32.40 | SELL |
| SMA (10) | 32.38 | SELL |
| EMA (20) | 32.74 | SELL |
| SMA (20) | 32.80 | SELL |
| EMA (30) | 32.95 | SELL |
| SMA (30) | 33.21 | SELL |
| EMA (50) | 33.12 | SELL |
| SMA (50) | 33.49 | SELL |
| EMA (100) | 32.97 | SELL |
| SMA (100) | 33.25 | SELL |
| EMA (200) | 31.98 | BUY |
| SMA (200) | 32.21 | SELL |
About FlexShares Emerging Markets Quality Low Volatility Index Fund
The index is designed to construct a high-quality universe of companies, that in aggregate, possess lower overall absolute volatility characteristics relative to an eligible emerging market universe. The fund will invest at least 80% of its total assets in the securities of the index and in ADRs and GDRs based on the securities in the index.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
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.