Verdicts genuinely change. Free email alert the moment AFGPX'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.
Alger International Opportunities Fund · ALGER FUNDS
45 holdings
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 41.08% of portfolio weight is in non-compliant holdings, over the 5% threshold.
1.96% 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.
45 holdings, 42 matched (96% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
7.68% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (33 of 45 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 1.0% questionable 40.9% non-compliant 4.4% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 8.05% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 8411.T MIZUHO FINANCIAL GROUP INC | NON_COMPLIANT | 3.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HSBA.L HSBC HOLDINGS PLC | NON_COMPLIANT | 3.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6501.T HITACHI LTD | COMPLIANT | 3.27% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ENR.DE SIEMENS ENERGY AG | COMPLIANT | 3.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ETE.AT NATIONAL BANK OF GREECE SA | NON_COMPLIANT | 2.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CCH.L COCA-COLA HBC AG | COMPLIANT | 2.94% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BAP CREDICORP LTD | NON_COMPLIANT | 2.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6857.T ADVANTEST CORP | COMPLIANT | 2.92% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| FBK.MI FINECOBANK BANCA FINECO SPA | NON_COMPLIANT | 2.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 2.82% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GALDY GALDERMA GROUP AG | COMPLIANT | 2.75% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 000660.KS SK HYNIX INC | COMPLIANT | 2.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| INVE-A.ST INVESTOR AB | COMPLIANT | 2.35% | AAOIFI9.7% Usmani10.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic10.5% MSCI Islamic M-Series— FTSE Shariah10.5% |
| OTP.BD OTP BANK NYRT | NON_COMPLIANT | 2.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IDR.MC INDRA SISTEMAS SA | NON_COMPLIANT | 2.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SHOP SHOPIFY INC | COMPLIANT | 2.22% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 2.18% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| DPLM.L DIPLOMA PLC | COMPLIANT | 2.14% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6383.T DAIFUKU CO LTD | COMPLIANT | 2.11% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TVSMOTOR.BO TVS MOTOR CO LTD | NON_COMPLIANT | 2.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7012.T KAWASAKI HEAVY INDUSTRIES LTD | COMPLIANT | 2.07% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| AJINOMOTO (JAPAN) COMPANY INC | UNSCREENED | 2.04% | no in-house ratios for this holding |
| 4091.T NIPPON SANSO HOLDINGS CORP | NON_COMPLIANT | 2.03% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8591.T ORIX CORP | NON_COMPLIANT | 1.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Dreyfus Treasury Obligations Cash Management | NON_COMPLIANT | 1.96% | no in-house ratios for this holding |
| CCJ CAMECO CORP | COMPLIANT | 1.95% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EFN.TO ELEMENT FLEET MANAGEMENT CORP | NON_COMPLIANT | 1.93% | AAOIFI129.7% Usmani69.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic69.7% MSCI Islamic M-Series— FTSE Shariah69.7% |
| CABK.MC CAIXABANK SA | NON_COMPLIANT | 1.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOG.OL KONGSBERG GRUPPEN ASA | NON_COMPLIANT | 1.81% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALK-B.CO ALK ABELLO A/S | COMPLIANT | 1.76% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ITX.MC INDUSTRIA DE DISENO TEXTIL SA | COMPLIANT | 1.66% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| UCB.BR UCB SA | COMPLIANT | 1.60% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MTX.DE MTU AERO ENGINES AG | NON_COMPLIANT | 1.55% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LTMC.MI LOTTOMATICA GROUP SPA | NON_COMPLIANT | 1.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RAIA DROGASIL SA | UNSCREENED | 1.45% | no in-house ratios for this holding |
| 5016.T JX ADVANCED METALS CORP | COMPLIANT | 1.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BESIY BE SEMICONDUCTOR INDUSTRIES NV | COMPLIANT | 1.41% | AAOIFI3.2% Usmani48.1% Dow Jones Islamic4.4% S&P Shariah4.7% MSCI Islamic46.8% MSCI Islamic M-Series4.7% FTSE Shariah46.8% |
| GAW.L GAMES WORKSHOP GROUP PLC | COMPLIANT | 1.35% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PCO.WA PEPCO GROUP NV | NON_COMPLIANT | 1.31% | AAOIFI31.5% Usmani90.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic55.7% MSCI Islamic M-Seriesfail FTSE Shariah55.7% |
| MELI MERCADOLIBRE INC | COMPLIANT | 1.30% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| ANFGF ANTOFAGASTA PLC | COMPLIANT | 1.21% | AAOIFI19.7% Usmani27.4% Dow Jones Islamic19.9% S&P Shariah22.7% MSCI Islamic26.8% MSCI Islamic M-Series22.7% FTSE Shariah26.8% |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 1.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| PSMT PRICESMART INC | QUESTIONABLE | 1.04% | AAOIFI6.0% Usmani12.8% Dow Jones Islamic8.6% S&P Shariah9.8% MSCI Islamic12.8% MSCI Islamic M-Series9.8% FTSE Shariah7.1% |
| NEBIUS GROUP NV | UNSCREENED | 0.92% | no in-house ratios for this holding |
The published standards disagree about this fund by 30 points of portfolio weight — 50.4% of it passes AAOIFI, 20.5% 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 50.4% ratios fail on 39.1% 11.1% not rated under AAOIFI
ratios pass on 25.6% ratios fail on 56.8% 18.1% not rated under Usmani
ratios pass on 43.1% ratios fail on 39.3% 18.2% not rated under Dow Jones Islamic
ratios pass on 43.1% ratios fail on 39.3% 18.2% not rated under S&P Shariah
ratios pass on 20.5% ratios fail on 62.5% 17.5% not rated under MSCI Islamic
ratios pass on 43.1% ratios fail on 39.3% 18.2% not rated under MSCI Islamic M-Series
ratios pass on 27.8% ratios fail on 55.2% 17.5% not rated under FTSE Shariah
41 of 45 listed holdings carry our own per-methodology verdicts (94% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 10 (23% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 8411.T MIZUHO FINANCIAL GROUP INC | 3.83% |
| HSBA.L HSBC HOLDINGS PLC | 3.56% |
| ETE.AT NATIONAL BANK OF GREECE SA | 2.99% |
| BAP CREDICORP LTD | 2.92% |
| FBK.MI FINECOBANK BANCA FINECO SPA | 2.90% |
| OTP.BD OTP BANK NYRT | 2.34% |
| IDR.MC INDRA SISTEMAS SA | 2.27% |
| NU NU HOLDINGS LTD | 2.18% |
| TVSMOTOR.BO TVS MOTOR CO LTD | 2.11% |
| 4091.T NIPPON SANSO HOLDINGS CORP | 2.03% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Alger International Opportunities Fund (AFGPX) 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.
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 8.05% | Compliant |
| 8411.TMIZUHO FINANCIAL GROUP INC | 3.83% | Non-compliant |
| HSBA.LHSBC HOLDINGS PLC | 3.56% | Non-compliant |
| 6501.THITACHI LTD | 3.27% | Compliant |
| ENR.DESIEMENS ENERGY AG | 3.03% | Compliant |
| ETE.ATNATIONAL BANK OF GREECE SA | 2.99% | Non-compliant |
| CCH.LCOCA-COLA HBC AG | 2.94% | Compliant |
| BAPCREDICORP LTD | 2.92% | Non-compliant |
| 6857.TADVANTEST CORP | 2.92% | Compliant |
| FBK.MIFINECOBANK BANCA FINECO SPA | 2.90% | Non-compliant |
Top 10 of 45 holdings, 36.4% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for AFGPX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.70 | NEUTRAL |
| Stochastic %K (14) | 17.46 | BUY |
| CCI (20) | -64.26 | NEUTRAL |
| Williams %R (14) | -82.54 | BUY |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -0.61 | SELL |
| Momentum (10) | -0.11 | SELL |
| EMA (10) | 18.03 | SELL |
| SMA (10) | 18.05 | SELL |
| EMA (20) | 18.08 | SELL |
| SMA (20) | 18.07 | SELL |
| EMA (30) | 18.12 | SELL |
| SMA (30) | 18.12 | SELL |
| EMA (50) | 18.16 | SELL |
| SMA (50) | 18.31 | SELL |
| EMA (100) | 18.05 | SELL |
| SMA (100) | 18.20 | SELL |
| EMA (200) | 17.62 | BUY |
| SMA (200) | 17.64 | BUY |
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
The questions worth asking about any verdict on this page, answered plainly.
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.
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.
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.
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.
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.
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.