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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
VR

VRIGETF / FundInvesco Variable Rate Investment Grade ETF

$25.04 last close 2026-11-04
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Verdicts genuinely change. Free email alert the moment VRIG's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 66% of portfolio weight covered
Fund look-through

Invesco Variable Rate Investment Grade ETF ETF · Invesco Actively Managed Exchange-Traded Fund Trust

375 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 At least 66.45% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 34% turns out to be. Matching more holdings can only raise this share, never lower it.

47.73% 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.

375 holdings, 215 matched (66% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.

25.43% of this portfolio’s income is non-permissible — weighted across holdings, computed over 4% of portfolio weight (20 of 375 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.

Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.

All holdings (375) · showing 251–375
HoldingStatusWeightEvery methodology, and the debt ratio behind it
Citigroup Mortgage Loan Trust UNSCREENED 0.12% no in-house ratios for this holding
GS Mortgage-Backed Securities Trust UNSCREENED 0.12% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.12% no in-house ratios for this holding
Chase Home Lending Mortgage Trust UNSCREENED 0.12% no in-house ratios for this holding
Hertz Vehicle Financing III L.P. UNSCREENED 0.12% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.12% no in-house ratios for this holding
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.12% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
OBX Trust UNSCREENED 0.11% no in-house ratios for this holding
Government National Mortgage Association NON_COMPLIANT 0.11% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.11% no in-house ratios for this holding
CarMax Auto Owner Trust UNSCREENED 0.11% no in-house ratios for this holding
GLE.PA Societe Generale NON_COMPLIANT 0.11% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CPS Auto Receivables Trust UNSCREENED 0.11% no in-house ratios for this holding
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.11% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
SMB Private Education Loan Trust UNSCREENED 0.11% no in-house ratios for this holding
BX Trust UNSCREENED 0.11% no in-house ratios for this holding
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.10% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
OBX Trust UNSCREENED 0.10% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.10% no in-house ratios for this holding
Nelnet Student Loan Trust 2025-A UNSCREENED 0.10% no in-house ratios for this holding
Freddie Mac REMICs NON_COMPLIANT 0.10% no in-house ratios for this holding
SMB Private Education Loan Trust UNSCREENED 0.10% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.10% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.10% no in-house ratios for this holding
Chase Home Lending Mortgage Trust UNSCREENED 0.10% no in-house ratios for this holding
BAC Bank of America Corp. NON_COMPLIANT 0.09% AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
Arby's Funding, Llc UNSCREENED 0.09% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.09% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.09% no in-house ratios for this holding
LPL Holdings, Inc. UNSCREENED 0.09% no in-house ratios for this holding
J.P. Morgan Mortgage Trust UNSCREENED 0.09% no in-house ratios for this holding
CPS Auto Receivables Trust UNSCREENED 0.08% no in-house ratios for this holding
CLI Funding VI LLC UNSCREENED 0.08% no in-house ratios for this holding
SREIT Trust 2021-MFP2 UNSCREENED 0.08% no in-house ratios for this holding
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%
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.08% no in-house ratios for this holding
Carmax Select Receivables Trust 2024-A UNSCREENED 0.08% no in-house ratios for this holding
J.P. Morgan Mortgage Trust 2024-He2 UNSCREENED 0.07% no in-house ratios for this holding
Navient Student Loan Trust UNSCREENED 0.07% no in-house ratios for this holding
Consolidated Edison Co. of New York, Inc. UNSCREENED 0.07% no in-house ratios for this holding
GS Goldman Sachs Group, Inc. (The) NON_COMPLIANT 0.07% AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6%
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.07% no in-house ratios for this holding
GS Goldman Sachs Group, Inc. (The) NON_COMPLIANT 0.07% AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6%
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.07% no in-house ratios for this holding
SAN.MC Banco Santander S.A. NON_COMPLIANT 0.07% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
J.P. Morgan Chase Commercial Mortgage Securities Trust UNSCREENED 0.06% no in-house ratios for this holding
Textainer Marine Containers VII Ltd. UNSCREENED 0.06% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.06% no in-house ratios for this holding
J.P. Morgan Mortgage Trust UNSCREENED 0.06% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.06% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.06% no in-house ratios for this holding
Freddie Mac Multifamily Structured Pass Through Ctfs. NON_COMPLIANT 0.06% no in-house ratios for this holding
Navient Private Education Refi Loan Trust UNSCREENED 0.06% no in-house ratios for this holding
SMB Private Education Loan Trust UNSCREENED 0.06% no in-house ratios for this holding
Angel Oak Mortgage Trust UNSCREENED 0.06% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.05% no in-house ratios for this holding
MILE Trust UNSCREENED 0.05% no in-house ratios for this holding
USB Realty Corp. UNSCREENED 0.05% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.05% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.05% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.05% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.04% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.04% no in-house ratios for this holding
Freddie Mac Multifamily Structured Pass Through Ctfs. NON_COMPLIANT 0.04% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.04% no in-house ratios for this holding
Fannie Mae Connecticut Avenue Securities NON_COMPLIANT 0.04% no in-house ratios for this holding
SREIT Trust 2021-MFP2 UNSCREENED 0.04% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.04% no in-house ratios for this holding
HPEFS Equipment Trust UNSCREENED 0.04% no in-house ratios for this holding
SMB Private Education Loan Trust UNSCREENED 0.03% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.03% no in-house ratios for this holding
Freddie Mac Multifamily Structured Pass Through Ctfs. NON_COMPLIANT 0.03% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.03% no in-house ratios for this holding
J.P. Morgan Mortgage Trust UNSCREENED 0.03% no in-house ratios for this holding
OBX Trust UNSCREENED 0.02% no in-house ratios for this holding
Nelnet Student Loan Trust 2014-3 UNSCREENED 0.02% no in-house ratios for this holding
SMB Private Education Loan Trust UNSCREENED 0.02% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.02% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.02% no in-house ratios for this holding
Fannie Mae REMICs NON_COMPLIANT 0.02% no in-house ratios for this holding
Freddie Mac REMICs NON_COMPLIANT 0.02% no in-house ratios for this holding
Freddie Mac REMICs NON_COMPLIANT 0.01% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.01% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.01% no in-house ratios for this holding
Freddie Mac REMICs NON_COMPLIANT 0.01% no in-house ratios for this holding
Commonbond Student Loan Trust UNSCREENED 0.01% no in-house ratios for this holding
Fannie Mae REMICs NON_COMPLIANT 0.01% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.01% no in-house ratios for this holding
RY Royal Bank of Canada COMPLIANT 0.01% AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
BAC Bank of America Corp. NON_COMPLIANT 0.01% AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
Edsouth Indenture No. 9 LLC UNSCREENED 0.01% no in-house ratios for this holding
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.01% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
Fannie Mae REMICs NON_COMPLIANT 0.01% no in-house ratios for this holding
BBCMS Mortgage Trust UNSCREENED 0.01% no in-house ratios for this holding
J.P. Morgan Mortgage Trust UNSCREENED 0.01% no in-house ratios for this holding
OBX Trust UNSCREENED 0.01% no in-house ratios for this holding
J.P. Morgan Mortgage Trust 2019-INV2 UNSCREENED 0.01% no in-house ratios for this holding
OBX Trust UNSCREENED 0.01% no in-house ratios for this holding
OBX Trust UNSCREENED 0.01% no in-house ratios for this holding
LLOY.L Lloyds Banking Group PLC NON_COMPLIANT 0.01% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BMO.TO Bank of Montreal NON_COMPLIANT 0.01% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.01% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
Commonbond Student Loan Trust UNSCREENED 0.01% no in-house ratios for this holding
Fannie Mae REMICs NON_COMPLIANT 0.01% no in-house ratios for this holding
FMCC Federal Home Loan Mortgage Corp. NON_COMPLIANT 0.01% AAOIFIfail Usmani10.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.1% MSCI Islamic M-Seriesfail FTSE Shariah10.1%
Federal National Mortgage Association NON_COMPLIANT 0.01% no in-house ratios for this holding
Freddie Mac REMICs NON_COMPLIANT 0.01% no in-house ratios for this holding
Bear Stearns Adjustable Rate Mortgage Trust UNSCREENED 0.00% no in-house ratios for this holding
CRARF Credit Agricole S.A. NON_COMPLIANT 0.00% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MQG.AX Macquarie Group Ltd. NON_COMPLIANT 0.00% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Federal National Mortgage Association NON_COMPLIANT 0.00% no in-house ratios for this holding
OBX Trust UNSCREENED 0.00% no in-house ratios for this holding
J.P. Morgan Mortgage Trust 2019-INV3 UNSCREENED 0.00% no in-house ratios for this holding
Bear Stearns Adjustable Rate Mortgage Trust UNSCREENED 0.00% no in-house ratios for this holding
Commonbond Student Loan Trust UNSCREENED 0.00% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.00% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.00% no in-house ratios for this holding
Freddie Mac NON_COMPLIANT 0.00% no in-house ratios for this holding
J.P. Morgan Mortgage Trust UNSCREENED 0.00% no in-house ratios for this holding
WaMu Mortgage Pass-Through Ctfs. Trust UNSCREENED 0.00% no in-house ratios for this holding
Merrill Lynch Mortgage Investors Trust UNSCREENED 0.00% no in-house ratios for this holding
Federal National Mortgage Association NON_COMPLIANT 0.00% no in-house ratios for this holding
Merrill Lynch Mortgage Investors Trust UNSCREENED 0.00% no in-house ratios for this holding
J.P. Morgan Mortgage Trust 2020-LTV1 UNSCREENED 0.00% no in-house ratios for this holding
Adjustable Rate Mortgage Trust UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 1 points of portfolio weight — 0.9% of it passes Usmani, 0.0% 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 0.3% ratios fail on 18.4% 81.8% not rated under AAOIFI

36 of 375 listed holdings carry our own per-methodology verdicts (19% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (9% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
U.S. Treasury Floating Rate Notes 7.44%
U.S. Treasury Floating Rate Notes 3.77%
U.S. Treasury Floating Rate Notes 2.29%
U.S. Treasury Floating Rate Notes 2.18%
U.S. Treasury Floating Rate Notes 0.92%
Fannie Mae Connecticut Avenue Securities 0.86%
Freddie Mac 0.76%
Freddie Mac REMICs 0.72%
Fannie Mae Connecticut Avenue Securities 0.71%
Fannie Mae Connecticut Avenue Securities 0.65%

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.

Why this signal?

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

Structure1 of 5 timeframes bullish · 43.5% aligned
VWAPPrice holding above VWAP ($25.03)
VolumeRelative volume 6.0× the 20-day average
Momentum10-day rate of change +0.2%

Invesco Variable Rate Investment Grade ETF (VRIG) 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.

Market & analysts
Momentum (10d)
+0.2%
rate of change
SMC grade
D · 35
43.5% aligned
D · 35
SMC grade — 43.5% timeframe alignment
+0.2%
Rate of change (10d)

🕌 In-house Compliance Research

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

25.0324.7824.5224.2624.002025-11-052026-05-072026-11-04

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

Support & Resistance
S3
25.01
S2
25.02
S1
25.03
PIVOT
25.04
R1
25.05
R2
25.06
R3
25.07

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
24.98 – 25.08
±0.2% from 25.03, made 2026-09-26 · resolves 2026-10-03
STRONG BUY
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — landed inside their stated range, and 49.9% called the direction correctly.

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 BUY
19 indicators
OscillatorsBUY
3 buy · 2 neutral · 2 sell
Moving averagesSTRONG BUY
12 buy · 0 neutral · 0 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)81.50SELL
Stochastic %K (14)79.73NEUTRAL
CCI (20)134.63SELL
Williams %R (14)-20.27NEUTRAL
MACD (12,26,9)0.00BUY
ROC (10)0.20BUY
Momentum (10)0.05BUY
EMA (10)25.02BUY
SMA (10)25.01BUY
EMA (20)25.00BUY
SMA (20)24.99BUY
EMA (30)24.98BUY
SMA (30)24.98BUY
EMA (50)24.94BUY
SMA (50)24.94BUY
EMA (100)24.85BUY
SMA (100)24.86BUY
EMA (200)24.64BUY
SMA (200)24.65BUY

About Invesco Variable Rate Investment Grade ETF

The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in a portfolio of investment-grade, variable rate or floating rate debt securities. At least 80% of its net assets (plus any borrowings for investment purposes) will be invested in Variable Rate Instruments that are, at the time of purchase, investment grade (or in affiliated ETFs that invest primarily in any or all of the foregoing securities).

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 42
⏰ 4H BULLISH 36
🕐 1H NEUTRAL 98
⏱ 15-Min NEUTRAL 130
⏲ 5-Min RANGING 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.

+0.2%
Rate of change (10d)
6.0×
Volume vs its 20-day average
-0.01
MACD (no fresh cross)

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.

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.