VAWETF / FundVANGUARD MATERIALS INDEX FUND
Verdicts genuinely change. Free email alert the moment VAW'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.
VANGUARD MATERIALS INDEX FUND · VANGUARD WORLD FUND
113 holdings
NON-COMPLIANT 24.88% of portfolio weight is in non-compliant holdings, over the 5% threshold.
113 holdings, 93 matched (96% of weight). Portfolio as of 2026-08-31, filed 2026-10-29. Source: SEC Form N-PORT.
0.46% of this portfolio’s income is non-permissible — weighted across holdings, computed over 95% of portfolio weight (89 of 113 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.
70.8% compliant 0.0% questionable 24.8% non-compliant 4.4% unscreened
All holdings (113)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| LIN Linde PLC | COMPLIANT | 14.62% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| NEM Newmont Corp | COMPLIANT | 8.77% | AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8% |
| FCX Freeport-McMoRan Inc | COMPLIANT | 7.01% | AAOIFI9.4% Usmani17.3% Dow Jones Islamic14.8% S&P Shariah15.6% MSCI Islamic17.3% MSCI Islamic M-Series15.6% FTSE Shariah15.7% |
| SHW Sherwin-Williams Co/The | COMPLIANT | 5.13% | AAOIFI18.0% Usmani52.7% Dow Jones Islamic16.6% S&P Shariah17.3% MSCI Islamic52.7% MSCI Islamic M-Series17.3% FTSE Shariah44.8% |
| ECL Ecolab Inc | COMPLIANT | 4.64% | AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0% |
| CRH CRH PLC | NON_COMPLIANT | 4.07% | AAOIFI31.8% Usmani33.7% Dow Jones Islamic27.6% S&P Shariah30.6% MSCI Islamic32.7% MSCI Islamic M-Series30.6% FTSE Shariah30.4% |
| APD Air Products and Chemicals Inc | COMPLIANT | 4.03% | AAOIFI0.9% Usmani1.5% Dow Jones Islamic1.0% S&P Shariah1.0% MSCI Islamic1.5% MSCI Islamic M-Series1.0% FTSE Shariah0.3% |
| CTVA Corteva Inc | COMPLIANT | 3.66% | AAOIFI2.9% Usmani4.0% Dow Jones Islamic3.6% S&P Shariah3.9% MSCI Islamic4.0% MSCI Islamic M-Series3.9% FTSE Shariah4.0% |
| NUE Nucor Corp | COMPLIANT | 3.57% | AAOIFI11.2% Usmani17.6% Dow Jones Islamic17.6% S&P Shariah17.3% MSCI Islamic17.6% MSCI Islamic M-Series17.3% FTSE Shariah17.6% |
| VMC Vulcan Materials Co | COMPLIANT | 2.27% | AAOIFI14.1% Usmani30.1% Dow Jones Islamic13.9% S&P Shariah14.6% MSCI Islamic30.1% MSCI Islamic M-Series14.6% FTSE Shariah26.6% |
| STLD Steel Dynamics Inc | COMPLIANT | 2.06% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| MLM Martin Marietta Materials Inc | NON_COMPLIANT | 2.01% | AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9% |
| PPG PPG Industries Inc | NON_COMPLIANT | 1.62% | AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1% |
| SW Smurfit Westrock PLC | NON_COMPLIANT | 1.58% | AAOIFI61.2% Usmani31.3% Dow Jones Islamic62.7% S&P Shariah90.7% MSCI Islamic31.3% MSCI Islamic M-Series90.7% FTSE Shariah31.3% |
| RGLD Royal Gold Inc | COMPLIANT | 1.43% | AAOIFI1.8% Usmani4.2% Dow Jones Islamic2.7% S&P Shariah3.3% MSCI Islamic4.2% MSCI Islamic M-Series3.3% FTSE Shariah4.2% |
| DOW Dow Inc | NON_COMPLIANT | 1.42% | AAOIFI91.5% Usmani32.7% Dow Jones Islamic88.2% S&P Shariah76.2% MSCI Islamic32.7% MSCI Islamic M-Series76.2% FTSE Shariah30.2% |
| AMRZ Amrize Ltd | NON_COMPLIANT | 1.40% | AAOIFI24.3% Usmani25.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic24.0% MSCI Islamic M-Seriespass FTSE Shariah21.4% |
| IFF International Flavors & Fragrances Inc | NON_COMPLIANT | 1.39% | AAOIFI26.5% Usmani23.0% Dow Jones Islamic29.7% S&P Shariah29.3% MSCI Islamic23.0% MSCI Islamic M-Series29.3% FTSE Shariah22.7% |
| CDE Coeur Mining Inc | COMPLIANT | 1.39% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| AMCR Amcor PLC | NON_COMPLIANT | 1.37% | AAOIFI71.8% Usmani41.9% Dow Jones Islamic93.4% S&P Shariah101.7% MSCI Islamic41.8% MSCI Islamic M-Series101.7% FTSE Shariah38.9% |
| PKG Packaging Corp of America | COMPLIANT | 1.34% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| CF CF Industries Holdings Inc | COMPLIANT | 1.29% | AAOIFI17.9% Usmani23.9% Dow Jones Islamic24.1% S&P Shariah24.7% MSCI Islamic23.9% MSCI Islamic M-Series24.7% FTSE Shariah21.3% |
| RS Reliance Inc | COMPLIANT | 1.26% | AAOIFI9.9% Usmani18.8% Dow Jones Islamic12.5% S&P Shariah12.6% MSCI Islamic18.8% MSCI Islamic M-Series12.6% FTSE Shariah15.7% |
| IP International Paper Co | NON_COMPLIANT | 1.23% | AAOIFI50.2% Usmani27.3% Dow Jones Islamic47.6% S&P Shariah55.5% MSCI Islamic27.1% MSCI Islamic M-Series55.5% FTSE Shariah25.2% |
| LYB LyondellBasell Industries NV | NON_COMPLIANT | 1.08% | AAOIFI62.2% Usmani37.0% Dow Jones Islamic65.8% S&P Shariah58.8% MSCI Islamic37.0% MSCI Islamic M-Series58.8% FTSE Shariah33.2% |
| BALL Ball Corp | NON_COMPLIANT | 1.03% | AAOIFI44.4% Usmani37.5% Dow Jones Islamic49.3% S&P Shariah46.1% MSCI Islamic37.5% MSCI Islamic M-Series46.1% FTSE Shariah35.7% |
| ALB Albemarle Corp | COMPLIANT | 1.03% | AAOIFI13.1% Usmani13.2% Dow Jones Islamic15.4% S&P Shariah15.0% MSCI Islamic12.6% MSCI Islamic M-Series15.0% FTSE Shariah11.8% |
| AVY Avery Dennison Corp | COMPLIANT | 0.86% | AAOIFI27.4% Usmani39.9% Dow Jones Islamic27.3% S&P Shariah25.7% MSCI Islamic39.9% MSCI Islamic M-Series25.7% FTSE Shariah39.9% |
| HL Hecla Mining Co | COMPLIANT | 0.86% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| RPM RPM International Inc | COMPLIANT | 0.86% | AAOIFI21.9% Usmani35.3% Dow Jones Islamic20.5% S&P Shariah21.0% MSCI Islamic35.3% MSCI Islamic M-Series21.0% FTSE Shariah30.4% |
| AA Alcoa Corp | NON_COMPLIANT | 0.85% | AAOIFI16.9% Usmani13.2% Dow Jones Islamic24.5% S&P Shariah28.1% MSCI Islamic13.2% MSCI Islamic M-Series28.1% FTSE Shariah13.2% |
| Crown Holdings Inc | UNSCREENED | 0.84% | no in-house ratios for this holding |
| SOLS Solstice Advanced Materials Inc | COMPLIANT | 0.65% | AAOIFI19.5% Usmani35.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic33.3% MSCI Islamic M-Seriespass FTSE Shariah33.3% |
| ATR AptarGroup Inc | COMPLIANT | 0.54% | AAOIFI17.2% Usmani26.9% Dow Jones Islamic15.2% S&P Shariah15.4% MSCI Islamic26.9% MSCI Islamic M-Series15.4% FTSE Shariah26.0% |
| EMN Eastman Chemical Co | NON_COMPLIANT | 0.53% | AAOIFI64.1% Usmani33.8% Dow Jones Islamic60.0% S&P Shariah58.0% MSCI Islamic33.8% MSCI Islamic M-Series58.0% FTSE Shariah33.8% |
| ESI Element Solutions Inc | COMPLIANT | 0.53% | AAOIFI20.7% Usmani31.7% Dow Jones Islamic26.2% S&P Shariah28.2% MSCI Islamic31.7% MSCI Islamic M-Series28.2% FTSE Shariah30.2% |
| MP MP Materials Corp | NON_COMPLIANT | 0.50% | AAOIFI15.1% Usmani25.2% Dow Jones Islamic11.7% S&P Shariah15.0% MSCI Islamic25.2% MSCI Islamic M-Series15.0% FTSE Shariah24.7% |
| Axalta Coating Systems Ltd | UNSCREENED | 0.50% | no in-house ratios for this holding |
| MOS Mosaic Co/The | NON_COMPLIANT | 0.49% | AAOIFI60.0% Usmani20.5% Dow Jones Islamic59.7% S&P Shariah57.0% MSCI Islamic20.5% MSCI Islamic M-Series57.0% FTSE Shariah19.6% |
| Commercial Metals Co | UNSCREENED | 0.48% | no in-house ratios for this holding |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | UNSCREENED | 0.45% | no in-house ratios for this holding |
| NEU NewMarket Corp | COMPLIANT | 0.43% | AAOIFI11.5% Usmani26.0% Dow Jones Islamic15.1% S&P Shariah16.2% MSCI Islamic26.0% MSCI Islamic M-Series16.2% FTSE Shariah23.6% |
| Cleveland-Cliffs Inc | UNSCREENED | 0.42% | no in-house ratios for this holding |
| EXP Eagle Materials Inc | NON_COMPLIANT | 0.39% | AAOIFI30.7% Usmani45.9% Dow Jones Islamic24.2% S&P Shariah24.1% MSCI Islamic45.9% MSCI Islamic M-Series24.1% FTSE Shariah45.0% |
| HCC Warrior Met Coal Inc | COMPLIANT | 0.37% | AAOIFI2.8% Usmani8.1% Dow Jones Islamic4.2% S&P Shariah4.5% MSCI Islamic5.3% MSCI Islamic M-Series4.5% FTSE Shariah5.3% |
| BCPC Balchem Corp | COMPLIANT | 0.36% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SON Sonoco Products Co | NON_COMPLIANT | 0.35% | AAOIFI101.6% Usmani45.7% Dow Jones Islamic108.8% S&P Shariah106.8% MSCI Islamic45.2% MSCI Islamic M-Series106.8% FTSE Shariah42.4% |
| Celanese Corp | UNSCREENED | 0.32% | no in-house ratios for this holding |
| SXT Sensient Technologies Corp | COMPLIANT | 0.31% | AAOIFI13.4% Usmani32.2% Dow Jones Islamic19.2% S&P Shariah21.4% MSCI Islamic32.2% MSCI Islamic M-Series21.4% FTSE Shariah32.2% |
| MTRN Materion Corp | COMPLIANT | 0.31% | AAOIFI9.8% Usmani27.3% Dow Jones Islamic17.9% S&P Shariah18.9% MSCI Islamic26.7% MSCI Islamic M-Series18.9% FTSE Shariah23.6% |
| PRM Perimeter Solutions Inc | COMPLIANT | 0.29% | AAOIFI28.9% Usmani38.8% Dow Jones Islamic38.1% S&P Shariah49.3% MSCI Islamic38.6% MSCI Islamic M-Series49.3% FTSE Shariah37.3% |
| CBT Cabot Corp | NON_COMPLIANT | 0.28% | AAOIFI28.6% Usmani27.4% Dow Jones Islamic26.1% S&P Shariah24.9% MSCI Islamic27.4% MSCI Islamic M-Series24.9% FTSE Shariah27.4% |
| Avient Corp | UNSCREENED | 0.26% | no in-house ratios for this holding |
| SLGN Silgan Holdings Inc | NON_COMPLIANT | 0.23% | AAOIFI111.4% Usmani50.5% Dow Jones Islamic99.0% S&P Shariah101.1% MSCI Islamic50.5% MSCI Islamic M-Series101.1% FTSE Shariah50.5% |
| KNF Knife River Corp | NON_COMPLIANT | 0.23% | AAOIFI47.9% Usmani39.9% Dow Jones Islamic34.9% S&P Shariah37.4% MSCI Islamic39.9% MSCI Islamic M-Series37.4% FTSE Shariah38.7% |
| GPK Graphic Packaging Holding Co | NON_COMPLIANT | 0.21% | AAOIFI192.9% Usmani48.5% Dow Jones Islamic100.1% S&P Shariah90.7% MSCI Islamic48.4% MSCI Islamic M-Series90.7% FTSE Shariah48.4% |
| Constellium SE | UNSCREENED | 0.21% | no in-house ratios for this holding |
| USAR USA Rare Earth Inc | NON_COMPLIANT | 0.20% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.1% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| Ashland Inc | UNSCREENED | 0.20% | no in-house ratios for this holding |
| CENX Century Aluminum Co | COMPLIANT | 0.20% | AAOIFI10.4% Usmani16.7% Dow Jones Islamic15.7% S&P Shariah19.8% MSCI Islamic16.7% MSCI Islamic M-Series19.8% FTSE Shariah16.7% |
| HB Fuller Co | UNSCREENED | 0.19% | no in-house ratios for this holding |
| SMG Scotts Miracle-Gro Co/The | NON_COMPLIANT | 0.17% | AAOIFI71.9% Usmani79.0% Dow Jones Islamic70.4% S&P Shariah73.0% MSCI Islamic78.6% MSCI Islamic M-Series73.0% FTSE Shariah66.7% |
| KALU Kaiser Aluminum Corp | NON_COMPLIANT | 0.17% | AAOIFI39.7% Usmani36.7% Dow Jones Islamic65.1% S&P Shariah72.6% MSCI Islamic36.6% MSCI Islamic M-Series72.6% FTSE Shariah35.7% |
| AMR Alpha Metallurgical Resources Inc | COMPLIANT | 0.16% | AAOIFI0.2% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.2% MSCI Islamic0.3% MSCI Islamic M-Series0.2% FTSE Shariah0.3% |
| NGVT Ingevity Corp | NON_COMPLIANT | 0.16% | AAOIFI51.0% Usmani80.4% Dow Jones Islamic63.7% S&P Shariah67.4% MSCI Islamic80.4% MSCI Islamic M-Series67.4% FTSE Shariah78.1% |
| WLK Westlake Corp | NON_COMPLIANT | 0.15% | AAOIFI63.9% Usmani30.2% Dow Jones Islamic49.2% S&P Shariah43.2% MSCI Islamic30.2% MSCI Islamic M-Series43.2% FTSE Shariah26.1% |
| IOSP Innospec Inc | COMPLIANT | 0.15% | AAOIFI2.1% Usmani2.6% Dow Jones Islamic2.2% S&P Shariah2.0% MSCI Islamic2.6% MSCI Islamic M-Series2.0% FTSE Shariah0.0% |
| CC Chemours Co/The | NON_COMPLIANT | 0.15% | AAOIFI189.6% Usmani57.6% Dow Jones Islamic171.4% S&P Shariah148.1% MSCI Islamic57.6% MSCI Islamic M-Series148.1% FTSE Shariah54.2% |
| HWKN Hawkins Inc | COMPLIANT | 0.15% | AAOIFI9.7% Usmani25.9% Dow Jones Islamic9.0% S&P Shariah10.6% MSCI Islamic25.9% MSCI Islamic M-Series10.6% FTSE Shariah24.2% |
| KWR Quaker Chemical Corp | NON_COMPLIANT | 0.15% | AAOIFI33.2% Usmani32.4% Dow Jones Islamic38.2% S&P Shariah34.7% MSCI Islamic32.4% MSCI Islamic M-Series34.7% FTSE Shariah30.6% |
| MTX Minerals Technologies Inc | NON_COMPLIANT | 0.14% | AAOIFI42.8% Usmani27.4% Dow Jones Islamic45.6% S&P Shariah45.4% MSCI Islamic27.4% MSCI Islamic M-Series45.4% FTSE Shariah27.4% |
| Perpetua Resources Corp | UNSCREENED | 0.14% | no in-house ratios for this holding |
| OLN Olin Corp | NON_COMPLIANT | 0.13% | AAOIFI167.1% Usmani45.8% Dow Jones Islamic116.6% S&P Shariah89.2% MSCI Islamic45.8% MSCI Islamic M-Series89.2% FTSE Shariah40.7% |
| GEF Greif Inc | COMPLIANT | 0.13% | AAOIFI19.8% Usmani16.4% Dow Jones Islamic29.7% S&P Shariah30.7% MSCI Islamic15.9% MSCI Islamic M-Series30.7% FTSE Shariah12.8% |
| HUN Huntsman Corp | NON_COMPLIANT | 0.10% | AAOIFI147.4% Usmani34.9% Dow Jones Islamic109.6% S&P Shariah90.4% MSCI Islamic34.9% MSCI Islamic M-Series90.4% FTSE Shariah28.8% |
| FMC FMC Corp | NON_COMPLIANT | 0.09% | AAOIFI271.1% Usmani48.1% Dow Jones Islamic115.5% S&P Shariah91.6% MSCI Islamic48.1% MSCI Islamic M-Series91.6% FTSE Shariah46.8% |
| SCL Stepan Co | NON_COMPLIANT | 0.09% | AAOIFI49.1% Usmani29.6% Dow Jones Islamic56.7% S&P Shariah49.9% MSCI Islamic29.6% MSCI Islamic M-Series49.9% FTSE Shariah27.1% |
| Ivanhoe Electric Inc / US | UNSCREENED | 0.09% | no in-house ratios for this holding |
| USLM United States Lime & Minerals Inc | COMPLIANT | 0.08% | AAOIFI0.1% Usmani0.4% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.4% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| Hycroft Mining Holding Corp | UNSCREENED | 0.08% | no in-house ratios for this holding |
| SLVM Sylvamo Corp | NON_COMPLIANT | 0.08% | AAOIFI66.4% Usmani33.5% Dow Jones Islamic44.2% S&P Shariah44.0% MSCI Islamic33.0% MSCI Islamic M-Series44.0% FTSE Shariah30.7% |
| WS Worthington Steel Inc | NON_COMPLIANT | 0.07% | AAOIFI19.7% Usmani15.7% Dow Jones Islamic20.5% S&P Shariah21.1% MSCI Islamic15.4% MSCI Islamic M-Series21.1% FTSE Shariah11.4% |
| O-I Glass Inc | UNSCREENED | 0.07% | no in-house ratios for this holding |
| ECVT Ecovyst Inc | NON_COMPLIANT | 0.07% | AAOIFI48.9% Usmani38.5% Dow Jones Islamic51.9% S&P Shariah51.3% MSCI Islamic38.5% MSCI Islamic M-Series51.3% FTSE Shariah34.7% |
| TRS TriMas Corp | NON_COMPLIANT | 0.07% | AAOIFI30.8% Usmani19.5% Dow Jones Islamic34.9% S&P Shariah37.2% MSCI Islamic19.4% MSCI Islamic M-Series37.2% FTSE Shariah17.7% |
| RYZ Ryerson Holding Corp | NON_COMPLIANT | 0.07% | AAOIFI97.3% Usmani34.6% Dow Jones Islamic151.0% S&P Shariah150.8% MSCI Islamic34.6% MSCI Islamic M-Series150.8% FTSE Shariah24.9% |
| TMCWW TMC the metals co Inc | NON_COMPLIANT | 0.07% | AAOIFI130.2% Usmani1.4% Dow Jones Islamic1.0% S&P Shariah1.3% MSCI Islamic1.4% MSCI Islamic M-Series1.3% FTSE Shariah1.4% |
| MYE Myers Industries Inc | COMPLIANT | 0.07% | AAOIFI30.6% Usmani40.0% Dow Jones Islamic43.8% S&P Shariah46.6% MSCI Islamic39.0% MSCI Islamic M-Series46.6% FTSE Shariah36.8% |
| MUX McEwen Inc | COMPLIANT | 0.07% | AAOIFI10.3% Usmani12.8% Dow Jones Islamic15.5% S&P Shariah18.6% MSCI Islamic12.8% MSCI Islamic M-Series18.6% FTSE Shariah12.8% |
| PCT PureCycle Technologies Inc | NON_COMPLIANT | 0.06% | AAOIFI6.3% Usmani8.1% Dow Jones Islamic4.6% S&P Shariah5.6% MSCI Islamic8.1% MSCI Islamic M-Series5.6% FTSE Shariah1.3% |
| SXC SunCoke Energy Inc | NON_COMPLIANT | 0.06% | AAOIFI74.8% Usmani37.9% Dow Jones Islamic97.5% S&P Shariah94.6% MSCI Islamic37.6% MSCI Islamic M-Series94.6% FTSE Shariah37.5% |
| Compass Minerals International Inc | UNSCREENED | 0.06% | no in-house ratios for this holding |
| KOP Koppers Holdings Inc | NON_COMPLIANT | 0.05% | AAOIFI110.8% Usmani58.2% Dow Jones Islamic149.7% S&P Shariah133.6% MSCI Islamic58.2% MSCI Islamic M-Series133.6% FTSE Shariah52.1% |
| MTUS Metallus Inc | COMPLIANT | 0.04% | AAOIFI1.5% Usmani1.3% Dow Jones Islamic1.7% S&P Shariah1.6% MSCI Islamic1.1% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| MATV Mativ Holdings Inc | NON_COMPLIANT | 0.04% | AAOIFI146.0% Usmani52.0% Dow Jones Islamic190.0% S&P Shariah165.7% MSCI Islamic51.2% MSCI Islamic M-Series165.7% FTSE Shariah49.0% |
| TROX Tronox Holdings PLC | NON_COMPLIANT | 0.04% | AAOIFI435.1% Usmani56.2% Dow Jones Islamic307.2% S&P Shariah236.0% MSCI Islamic56.2% MSCI Islamic M-Series236.0% FTSE Shariah53.1% |
| LXU LSB Industries Inc | NON_COMPLIANT | 0.04% | AAOIFI59.7% Usmani39.7% Dow Jones Islamic72.4% S&P Shariah73.8% MSCI Islamic39.7% MSCI Islamic M-Series73.8% FTSE Shariah36.0% |
| UAMY United States Antimony Corp | COMPLIANT | 0.04% | AAOIFI0.0% Usmani0.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.2% MSCI Islamic M-Series0.1% FTSE Shariah0.2% |
| RYAM Rayonier Advanced Materials Inc | NON_COMPLIANT | 0.03% | AAOIFI137.5% Usmani47.8% Dow Jones Islamic159.5% S&P Shariah184.0% MSCI Islamic47.8% MSCI Islamic M-Series184.0% FTSE Shariah47.8% |
| METC Ramaco Resources Inc | NON_COMPLIANT | 0.03% | AAOIFI0.0% Usmani1.5% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ASP Isotopes Inc | UNSCREENED | 0.03% | no in-house ratios for this holding |
| AdvanSix Inc | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MAGN Magnera Corp | NON_COMPLIANT | 0.03% | AAOIFI436.8% Usmani51.1% Dow Jones Islamic512.6% S&P Shariah698.0% MSCI Islamic51.1% MSCI Islamic M-Series698.0% FTSE Shariah49.6% |
| IPI Intrepid Potash Inc | NON_COMPLIANT | 0.03% | AAOIFI0.2% Usmani0.5% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.2% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | UNSCREENED | 0.02% | no in-house ratios for this holding |
| ASPN Aspen Aerogels Inc | NON_COMPLIANT | 0.02% | AAOIFI25.2% Usmani27.2% Dow Jones Islamic15.7% S&P Shariah12.0% MSCI Islamic26.2% MSCI Islamic M-Series12.0% FTSE Shariah20.4% |
| FTK Flotek Industries Inc | COMPLIANT | 0.02% | AAOIFI5.4% Usmani17.3% Dow Jones Islamic10.1% S&P Shariah13.5% MSCI Islamic17.2% MSCI Islamic M-Series13.5% FTSE Shariah14.9% |
| Orion SA | UNSCREENED | 0.02% | no in-house ratios for this holding |
| CLW Clearwater Paper Corp | NON_COMPLIANT | 0.02% | AAOIFI120.0% Usmani26.3% Dow Jones Islamic111.6% S&P Shariah87.2% MSCI Islamic25.8% MSCI Islamic M-Series87.2% FTSE Shariah23.0% |
| KRO Kronos Worldwide Inc | NON_COMPLIANT | 0.01% | AAOIFI60.7% Usmani33.8% Dow Jones Islamic72.2% S&P Shariah65.2% MSCI Islamic33.8% MSCI Islamic M-Series65.2% FTSE Shariah32.7% |
| PACK Ranpak Holdings Corp | NON_COMPLIANT | 0.01% | AAOIFI109.6% Usmani39.2% Dow Jones Islamic97.9% S&P Shariah100.2% MSCI Islamic38.9% MSCI Islamic M-Series100.2% FTSE Shariah36.6% |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MERC Mercer International Inc | NON_COMPLIANT | 0.00% | AAOIFI5491.3% Usmani75.9% Dow Jones Islamic620.7% S&P Shariah422.7% MSCI Islamic75.2% MSCI Islamic M-Series422.7% FTSE Shariah74.9% |
The published standards disagree about this fund by 14 points of portfolio weight — 76.6% of it passes Dow Jones Islamic, 62.7% 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.
ratios pass on 71.3% ratios fail on 18.4% 10.6% not rated under AAOIFI
ratios pass on 62.7% ratios fail on 27.0% 10.6% not rated under Usmani
ratios pass on 76.6% ratios fail on 12.6% 11.1% not rated under Dow Jones Islamic
ratios pass on 76.6% ratios fail on 12.6% 11.1% not rated under S&P Shariah
ratios pass on 63.3% ratios fail on 26.0% 10.9% not rated under MSCI Islamic
ratios pass on 76.6% ratios fail on 12.6% 11.1% not rated under MSCI Islamic M-Series
ratios pass on 70.7% ratios fail on 18.5% 11.1% not rated under FTSE Shariah
93 of 113 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 92 (96% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| CRH CRH PLC | 4.07% |
| MLM Martin Marietta Materials Inc | 2.01% |
| PPG PPG Industries Inc | 1.62% |
| SW Smurfit Westrock PLC | 1.58% |
| DOW Dow Inc | 1.42% |
| AMRZ Amrize Ltd | 1.40% |
| IFF International Flavors & Fragrances Inc | 1.39% |
| AMCR Amcor PLC | 1.37% |
| IP International Paper Co | 1.23% |
| LYB LyondellBasell Industries NV | 1.08% |
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.
VANGUARD MATERIALS INDEX FUND (VAW) 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 VAW — 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
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.
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) | 50.30 | NEUTRAL |
| Stochastic %K (14) | 29.32 | NEUTRAL |
| CCI (20) | -0.21 | NEUTRAL |
| Williams %R (14) | -70.68 | NEUTRAL |
| MACD (12,26,9) | -0.05 | SELL |
| ROC (10) | -0.14 | SELL |
| Momentum (10) | -0.31 | SELL |
| EMA (10) | 229.94 | SELL |
| SMA (10) | 230.87 | SELL |
| EMA (20) | 228.76 | SELL |
| SMA (20) | 228.76 | SELL |
| EMA (30) | 228.02 | BUY |
| SMA (30) | 226.48 | BUY |
| EMA (50) | 227.63 | BUY |
| SMA (50) | 225.73 | BUY |
| EMA (100) | 227.46 | BUY |
| SMA (100) | 228.08 | BUY |
| EMA (200) | 225.06 | BUY |
| SMA (200) | 228.91 | SELL |
About VANGUARD MATERIALS INDEX FUND
The fund employs an indexing investment approach designed to track the performance of the index, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the GICS. The Advisor attempts to replicate the target index by seeking to invest all, or substantially all, of its assets in the stocks that make up the index, in order to hold each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | BULLISH | 44 |
| ⏰ 4H | RANGING | 26 |
| 🕐 1H | BEARISH | 98 |
| ⏱ 15-Min | RANGING | 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.
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.