SQLTETF / FundiShares MSCI USA Small-Cap Quality Factor ETF
Verdicts genuinely change. Free email alert the moment SQLT's does — no target price to set, unlike a price alert.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
iShares MSCI USA Small-Cap Quality Factor ETF · iShares Trust
512 holdings
NON-COMPLIANT 35.18% of portfolio weight is in non-compliant holdings, over the 5% threshold.
512 holdings, 438 matched (91% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
1.92% of this portfolio’s income is non-permissible — weighted across holdings, computed over 79% of portfolio weight (362 of 512 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.
54.5% compliant 1.9% questionable 35.1% non-compliant 8.6% unscreened
All holdings (512) · showing 501–512
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MICRO EMIN RUS2000SEP26 | UNSCREENED | 0.01% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HSBC Bank plc | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 19 points of portfolio weight — 56.4% of it passes AAOIFI, 37.5% 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 56.4% ratios fail on 26.1% 17.9% not rated under AAOIFI
ratios pass on 43.0% ratios fail on 32.3% 25.1% not rated under Usmani
ratios pass on 53.1% ratios fail on 27.0% 20.2% not rated under Dow Jones Islamic
ratios pass on 52.6% ratios fail on 27.6% 20.2% not rated under S&P Shariah
ratios pass on 37.5% ratios fail on 41.7% 21.2% not rated under MSCI Islamic
ratios pass on 52.6% ratios fail on 27.8% 20.0% not rated under MSCI Islamic M-Series
ratios pass on 47.9% ratios fail on 30.4% 22.1% not rated under FTSE Shariah
431 of 512 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 388 (83% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NFG NATIONAL FUEL GAS COMPANY | 1.18% |
| EWBC EAST WEST BANCORP, INC. | 0.78% |
| WWD WOODWARD, INC. | 0.77% |
| THC TENET HEALTHCARE CORPORATION | 0.75% |
| AKAM AKAMAI TECHNOLOGIES, INC. | 0.64% |
| SEIC SEI INVESTMENTS COMPANY | 0.63% |
| GL GLOBE LIFE INC. | 0.62% |
| TXRH TEXAS ROADHOUSE, INC. | 0.57% |
| OVV OVINTIV INC. | 0.56% |
| JLL JONES LANG LASALLE INCORPORATED | 0.56% |
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.
iShares MSCI USA Small-Cap Quality Factor ETF (SQLT) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for SQLT — 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) | 43.40 | NEUTRAL |
| Stochastic %K (14) | 2.86 | BUY |
| CCI (20) | -91.05 | NEUTRAL |
| Williams %R (14) | -97.14 | BUY |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -1.07 | SELL |
| Momentum (10) | -0.30 | SELL |
| EMA (10) | 28.14 | SELL |
| SMA (10) | 28.26 | SELL |
| EMA (20) | 28.12 | SELL |
| SMA (20) | 28.08 | SELL |
| EMA (30) | 28.12 | SELL |
| SMA (30) | 28.00 | SELL |
| EMA (50) | 28.16 | SELL |
| SMA (50) | 28.09 | SELL |
| EMA (100) | 28.03 | SELL |
| SMA (100) | 28.38 | SELL |
| EMA (200) | 27.98 | SELL |
About iShares MSCI USA Small-Cap Quality Factor ETF
The fund will invest at least 80% of its assets in the component securities of its underlying index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates, as well as in securities not included in the underlying index, but which BFA believes will help the fund track the underlying 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 | 44 |
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 2026-11-03 · Asset managers net 928584 (+5135)
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.