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HALAL TRADING ROOM Sharia-screened signals
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RING

ETF / Fund iShares MSCI Global Gold Miners ETF
$84.09
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Sharia status
COMPLIANT
Screened by look-through to its filed holdings — 97% of portfolio weight covered
Fund look-through

iShares MSCI Global Gold Miners ETF ETF · iShares, Inc.

54 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.

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.

COMPLIANT 1.60% of portfolio weight is in non-compliant holdings, under the 5% threshold.

54 holdings, 38 matched (97% of weight). Portfolio as of 2026-05-31, filed 2026-07-27. Source: SEC Form N-PORT.

0.51% of this portfolio’s income is non-permissible — weighted across holdings, computed over 65% of portfolio weight (31 of 54 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.

95.0% compliant 0.0% questionable 1.6% non-compliant 3.4% unscreened

All holdings (54)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
NEM NEWMONT CORPORATION COMPLIANT 16.31% AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8%
AEM AGNICO EAGLE MINES LIMITED COMPLIANT 12.34% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
B BARRICK MINING CORPORATION COMPLIANT 9.01% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
WPM Wheaton Precious Metals Corp. COMPLIANT 7.38% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
AU ANGLOGOLD ASHANTI PLC COMPLIANT 4.65% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
KGC KINROSS GOLD CORPORATION COMPLIANT 4.54% AAOIFI1.6% Usmani5.9% Dow Jones Islamic2.9% S&P Shariah3.8% MSCI Islamic5.9% MSCI Islamic M-Series3.8% FTSE Shariah5.9%
GFI Gold Fields Limited COMPLIANT 3.89% AAOIFI4.5% Usmani33.0% Dow Jones Islamic6.6% S&P Shariah8.0% MSCI Islamic33.0% MSCI Islamic M-Series8.0% FTSE Shariah33.0%
PAAS Pan American Silver Corp. COMPLIANT 3.62% AAOIFI2.4% Usmani7.3% Dow Jones Islamic5.0% S&P Shariah6.3% MSCI Islamic7.3% MSCI Islamic M-Series6.3% FTSE Shariah7.3%
ZIJMY Zijin Mining Group Company Limited COMPLIANT 3.26% AAOIFI18.1% Usmani32.2% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic32.1% MSCI Islamic M-Series1.6% FTSE Shariah32.1%
AGI ALAMOS GOLD INC. COMPLIANT 3.01% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
CDE COEUR MINING, INC. COMPLIANT 2.16% AAOIFI0.0% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.2% MSCI Islamic0.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0%
IAG IAMGOLD CORPORATION COMPLIANT 2.04% AAOIFI4.1% Usmani11.1% Dow Jones Islamic9.7% S&P Shariah13.0% MSCI Islamic11.1% MSCI Islamic M-Series13.0% FTSE Shariah11.1%
EQX Equinox Gold Corp. COMPLIANT 1.97% AAOIFI10.5% Usmani14.8% Dow Jones Islamic27.3% S&P Shariah35.9% MSCI Islamic14.8% MSCI Islamic M-Series35.9% FTSE Shariah14.8%
EDV.TO ENDEAVOUR MINING PLC COMPLIANT 1.94% AAOIFI4.7% Usmani12.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic12.2% MSCI Islamic M-Seriespass FTSE Shariah12.2%
HMY HARMONY GOLD MINING COMPANY LIMITED COMPLIANT 1.92% AAOIFI3.2% Usmani14.2% Dow Jones Islamic4.3% S&P Shariah5.2% MSCI Islamic14.2% MSCI Islamic M-Series5.2% FTSE Shariah14.2%
CDE COEUR MINING, INC. COMPLIANT 1.72% AAOIFI0.0% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.2% MSCI Islamic0.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0%
SSRM SSR MINING INC. NON_COMPLIANT 1.60% AAOIFI0.9% Usmani1.6% Dow Jones Islamic1.8% S&P Shariah2.2% MSCI Islamic1.6% MSCI Islamic M-Series2.2% FTSE Shariah1.5%
EGO Eldorado Gold Corporation COMPLIANT 1.56% AAOIFI8.2% Usmani19.0% Dow Jones Islamic24.3% S&P Shariah29.2% MSCI Islamic19.0% MSCI Islamic M-Series29.2% FTSE Shariah19.0%
BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares UNSCREENED 1.55% no in-house ratios for this holding
LUG.TO Lundin Gold Inc. COMPLIANT 1.53% AAOIFI1.6% Usmani15.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.5% MSCI Islamic M-Seriespass FTSE Shariah15.5%
BTO.TO B2GOLD CORP. COMPLIANT 1.25% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
OGC OceanaGold Corporation COMPLIANT 1.22% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
GMD.AX GENESIS MINERALS LIMITED COMPLIANT 1.11% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
TXG.TO TOREX GOLD RESOURCES INC. COMPLIANT 1.08% AAOIFI2.9% Usmani7.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.4% MSCI Islamic M-Seriespass FTSE Shariah4.4%
CGAU Centerra Gold Inc. COMPLIANT 1.05% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
HOC.L HOCHSCHILD MINING PLC COMPLIANT 0.90% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
GMIN.TO G Mining Ventures Corp COMPLIANT 0.87% AAOIFI1.3% Usmani7.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic7.5% MSCI Islamic M-Seriespass FTSE Shariah7.5%
WDO.TO WESDOME GOLD MINES LTD. COMPLIANT 0.87% AAOIFI0.1% Usmani0.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.3% MSCI Islamic M-Seriespass FTSE Shariah0.3%
CGG.TO CHINA GOLD INTERNATIONAL RESOURCES CORP. LTD. COMPLIANT 0.86% AAOIFI4.3% Usmani16.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic16.3% MSCI Islamic M-Seriespass FTSE Shariah16.3%
ARIS Aris Mining Corporation UNRATED 0.64% AAOIFI Usmani Dow Jones Islamic S&P Shariah MSCI Islamic MSCI Islamic M-Series FTSE Shariah
WESTGOLD RESOURCES LIMITED UNSCREENED 0.64% no in-house ratios for this holding
EMR.AX EMERALD RESOURCES NL COMPLIANT 0.64% AAOIFI0.4% Usmani5.8% Dow Jones Islamic S&P Shariah MSCI Islamic2.9% MSCI Islamic M-Series FTSE Shariah2.9%
DRD DRDGOLD LIMITED COMPLIANT 0.61% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
RRL.AX REGIS RESOURCES LIMITED COMPLIANT 0.59% AAOIFI1.5% Usmani6.7% Dow Jones Islamic S&P Shariah MSCI Islamic3.4% MSCI Islamic M-Series FTSE Shariah3.4%
RSG.AX RESOLUTE MINING LIMITED COMPLIANT 0.45% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
ZIJMY Zijin Mining Group Company Limited COMPLIANT 0.42% AAOIFI18.1% Usmani32.2% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic32.1% MSCI Islamic M-Series1.6% FTSE Shariah32.1%
PT Aneka Tambang Tbk UNSCREENED 0.39% no in-house ratios for this holding
TURK ALTIN ISLETMELERI ANONIM SIRKETI UNSCREENED 0.38% no in-house ratios for this holding
OBM.AX ORA BANDA MINING LTD COMPLIANT 0.31% AAOIFI1.0% Usmani7.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.9% MSCI Islamic M-Seriespass FTSE Shariah3.9%
MUX MCEWEN INC. COMPLIANT 0.28% AAOIFI10.3% Usmani12.8% Dow Jones Islamic15.5% S&P Shariah18.6% MSCI Islamic12.8% MSCI Islamic M-Series18.6% FTSE Shariah12.8%
Catalyst Metals Ltd UNSCREENED 0.22% no in-house ratios for this holding
WAF.AX WEST AFRICAN RESOURCES LTD COMPLIANT 0.21% AAOIFI9.6% Usmani17.2% Dow Jones Islamic S&P Shariah MSCI Islamic16.7% MSCI Islamic M-Series FTSE Shariah16.7%
2259.HK Zijin Gold International Co Ltd COMPLIANT 0.10% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
INDONESIAN RUPIAH UNSCREENED 0.09% no in-house ratios for this holding
SOUTH AFRICAN RAND UNSCREENED 0.06% no in-house ratios for this holding
BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares UNSCREENED 0.04% no in-house ratios for this holding
CANADIAN DOLLAR UNSCREENED 0.04% no in-house ratios for this holding
AUSTRALIAN DOLLAR UNSCREENED 0.01% no in-house ratios for this holding
HONG KONG DOLLAR UNSCREENED 0.01% no in-house ratios for this holding
GREAT BRITISH POUND UNSCREENED 0.01% no in-house ratios for this holding
S P TSX 60 IX FUT JUN26 UNSCREENED 0.01% no in-house ratios for this holding
CHINESE RENMINBI UNSCREENED 0.00% no in-house ratios for this holding
TURKISH LIRA UNSCREENED 0.00% no in-house ratios for this holding
POLYUS PAO UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 5 points of portfolio weight — 57.1% of it passes AAOIFI, 52.1% passes S&P Shariah. 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 57.1% ratios fail on 0.0% 44.3% not rated under AAOIFI

36 of 54 listed holdings carry our own per-methodology verdicts (98% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 24 (62% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
SSRM SSR MINING INC. 1.60%

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 active setup right now. The technical picture doesn't show a clear edge — check back when the trend or momentum shifts.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure2 of 5 timeframes bullish · 69.6% aligned
VWAPPrice holding above VWAP ($82.97)
VolumeRelative volume 4.8× the 20-day average
Momentum10-day rate of change -5.6%

RING (RING) is currently considered halal (Sharia-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.

Market & analysts
Momentum (10d)
-5.6%
rate of change
SMC grade
D · 48
69.6% aligned
COMPLIANT
Sharia compliance
D · 48
SMC grade — 69.6% timeframe alignment
-5.6%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for RING — this runs off the critical path so the page paints first. It will appear here on its own.

98.6788.3978.1167.8357.552025-09-192026-03-202026-09-18

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
81.46
S2
82.34
S1
83.35
PIVOT
84.23
R1
85.24
R2
86.12
R3
87.13

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

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
78.87 95.67
±9.63% from 87.27, made 2026-09-10 · resolves 2026-09-17
STRONG BUY
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 51092 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.

BUY
19 indicators
OscillatorsSTRONG SELL
0 buy · 4 neutral · 3 sell
Moving averagesSTRONG BUY
8 buy · 0 neutral · 4 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)52.40NEUTRAL
Stochastic %K (14)41.67NEUTRAL
CCI (20)-75.63NEUTRAL
Williams %R (14)-58.33NEUTRAL
MACD (12,26,9)-1.09SELL
ROC (10)-5.61SELL
Momentum (10)-5.00SELL
EMA (10)84.37SELL
SMA (10)84.67SELL
EMA (20)84.01BUY
SMA (20)86.75SELL
EMA (30)82.49BUY
SMA (30)84.48SELL
EMA (50)79.83BUY
SMA (50)76.62BUY
EMA (100)77.16BUY
SMA (100)74.50BUY
EMA (200)75.90BUY
SMA (200)77.91BUY

About RING

The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index has been developed by MSCI Inc. (the "index provider" or "MSCI") to target a minimum of 30 companies in developed and emerging markets that are involved in the business of gold mining. The fund is non-diversified.

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

Grade verdict

Weak — low conviction, small size or skip

SMC — Top Down

Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.

TimeframeBiasBars
📅 Daily BEARISH 44
⏰ 4H BEARISH 38
🕐 1H RANGING 98
⏱ 15-Min BULLISH 130
⏲ 5-Min BULLISH 234

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.

2.18
MACD (no fresh cross)
$83.99
Volume POC (today)
$83.42 – $84.40
Value area

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.