Verdicts genuinely change. Free email alert the moment AFK'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.
VanEck Africa Index ETF ETF · VanEck ETF Trust
73 holdings · as of 2026-06-30 (3.4 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 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 34.42% 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.
73 holdings, 54 matched (67% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
7.67% of this portfolio’s income is non-permissible — weighted across holdings, computed over 49% of portfolio weight (44 of 73 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.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Attijariwafa Bank | UNSCREENED | 5.75% | no in-house ratios for this holding |
| EDV.TO Endeavour Mining PLC | COMPLIANT | 4.45% | AAOIFI4.7% Usmani12.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic12.2% MSCI Islamic M-Seriespass FTSE Shariah12.2% |
| AU Anglogold Ashanti Plc | COMPLIANT | 4.29% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NPN.JO Naspers Ltd | NON_COMPLIANT | 3.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FSR.JO FirstRand Ltd | NON_COMPLIANT | 3.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IVN.TO Ivanhoe Mines Ltd | NON_COMPLIANT | 3.14% | AAOIFI10.4% Usmani16.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic16.6% MSCI Islamic M-Seriesfail FTSE Shariah16.6% |
| Banque Centrale Populaire | UNSCREENED | 3.13% | no in-house ratios for this holding |
| Safaricom PLC | UNSCREENED | 2.99% | no in-house ratios for this holding |
| GFI Gold Fields Ltd | COMPLIANT | 2.86% | AAOIFI4.5% Usmani33.0% Dow Jones Islamic6.6% S&P Shariah8.0% MSCI Islamic33.0% MSCI Islamic M-Series8.0% FTSE Shariah33.0% |
| SBK.JO Standard Bank Group Ltd | NON_COMPLIANT | 2.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Societe d'Exploitation des Ports | UNSCREENED | 2.70% | no in-house ratios for this holding |
| Capitec Bank Holdings Ltd | UNSCREENED | 2.68% | no in-house ratios for this holding |
| IAG IAMGOLD Corp | COMPLIANT | 2.64% | AAOIFI4.1% Usmani11.1% Dow Jones Islamic9.7% S&P Shariah13.0% MSCI Islamic11.1% MSCI Islamic M-Series13.0% FTSE Shariah11.1% |
| B Barrick Mining Corp | COMPLIANT | 2.62% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Aradel Holdings PLC | UNSCREENED | 2.61% | no in-house ratios for this holding |
| AYA Aya Gold & Silver Inc | COMPLIANT | 2.47% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Golar LNG Ltd | UNSCREENED | 2.42% | no in-house ratios for this holding |
| FM.TO First Quantum Minerals Ltd | COMPLIANT | 2.37% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| Equity Group Holdings PLC/Kenya | UNSCREENED | 2.30% | no in-house ratios for this holding |
| MTN.JO MTN Group Ltd | NON_COMPLIANT | 2.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| State Street Global Advisors | UNSCREENED | 2.17% | no in-house ratios for this holding |
| PRU.AX Perseus Mining Ltd | COMPLIANT | 2.06% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AAF.L Airtel Africa PLC | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GTRHF Guaranty Trust Holding Co PLC | NON_COMPLIANT | 2.04% | AAOIFI0.7% Usmani0.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| Montage Gold Corp | UNSCREENED | 2.00% | no in-house ratios for this holding |
| Zenith Bank PLC | UNSCREENED | 1.83% | no in-house ratios for this holding |
| IAM.PA Itissalat Al-Maghrib | COMPLIANT | 1.74% | AAOIFI22.2% Usmani28.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.9% MSCI Islamic M-Seriesfail FTSE Shariah25.9% |
| HTWS.L Helios Towers PLC | NON_COMPLIANT | 1.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VAL.JO Valterra Platinum Ltd | COMPLIANT | 1.49% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PDN.AX Paladin Energy Ltd | COMPLIANT | 1.45% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FSM Fortuna Mining Corp | COMPLIANT | 1.38% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Bank of Africa | UNSCREENED | 1.29% | no in-house ratios for this holding |
| ABG.JO Absa Group Ltd | NON_COMPLIANT | 1.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MMYT MakeMyTrip Ltd | NON_COMPLIANT | 1.12% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| SLM.JO Sanlam Ltd | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DSY.JO Discovery Ltd | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IMP.JO Impala Platinum Holdings Ltd | COMPLIANT | 1.00% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SHP.JO Shoprite Holdings Ltd | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BID.JO Bid Corp Ltd | COMPLIANT | 0.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Commercial International Bank - Egypt (CIB) | UNSCREENED | 0.81% | no in-house ratios for this holding |
| NED.JO Nedbank Group Ltd | NON_COMPLIANT | 0.80% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HMY Harmony Gold Mining Co Ltd | COMPLIANT | 0.76% | AAOIFI3.2% Usmani14.2% Dow Jones Islamic4.3% S&P Shariah5.2% MSCI Islamic14.2% MSCI Islamic M-Series5.2% FTSE Shariah14.2% |
| Remgro Ltd | UNSCREENED | 0.65% | no in-house ratios for this holding |
| E5H.SI Golden Agri-Resources Ltd | NON_COMPLIANT | 0.62% | AAOIFI98.4% Usmani31.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic30.5% MSCI Islamic M-Seriesfail FTSE Shariah30.5% |
| NPH.JO Northam Platinum Holdings Ltd | COMPLIANT | 0.56% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RCL Royal Caribbean Cruises Ltd | NON_COMPLIANT | 0.56% | AAOIFI33.1% Usmani52.7% Dow Jones Islamic32.9% S&P Shariah40.4% MSCI Islamic52.7% MSCI Islamic M-Series40.4% FTSE Shariah51.2% |
| PPH.JO Pepkor Holdings Ltd | NON_COMPLIANT | 0.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SOL.JO Sasol Ltd | NON_COMPLIANT | 0.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SBSW Sibanye Stillwater Ltd | NON_COMPLIANT | 0.52% | AAOIFI23.4% Usmani30.2% Dow Jones Islamic9.1% S&P Shariah10.7% MSCI Islamic30.2% MSCI Islamic M-Series10.7% FTSE Shariah30.2% |
| INL.JO Investec PLC | NON_COMPLIANT | 0.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BVT.JO Bidvest Group Ltd | NON_COMPLIANT | 0.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OUT.JO OUTsurance Group Ltd | NON_COMPLIANT | 0.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VOD.JO Vodacom Group Ltd | NON_COMPLIANT | 0.43% | AAOIFI30.9% Usmani42.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic34.1% MSCI Islamic M-Seriesfail FTSE Shariah34.1% |
| OMU.JO Old Mutual Ltd | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MTM.JO Momentum Group Ltd | NON_COMPLIANT | 0.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CLCGY Clicks Group Ltd | COMPLIANT | 0.32% | AAOIFI9.8% Usmani38.4% Dow Jones Islamic3.2% S&P Shariah3.4% MSCI Islamic19.2% MSCI Islamic M-Series3.4% FTSE Shariah19.2% |
| EXX.JO Exxaro Resources Ltd | NON_COMPLIANT | 0.31% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GRT.JO Growthpoint Properties Ltd | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| APN.JO Aspen Pharmacare Holdings Ltd | NON_COMPLIANT | 0.26% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| WHL.JO Woolworths Holdings Ltd/South Africa | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AVI.JO AVI Ltd | COMPLIANT | 0.22% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BTO.TO B2Gold Corp | COMPLIANT | 0.20% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PAF.L Pan African Resources PLC | COMPLIANT | 0.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TBS.JO Tiger Brands Ltd | COMPLIANT | 0.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AVZ MINERALS LIMITED | UNSCREENED | 0.17% | no in-house ratios for this holding |
| MRP.JO Mr Price Group Ltd | NON_COMPLIANT | 0.17% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SCATC.OL Scatec ASA | NON_COMPLIANT | 0.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KIO.JO Kumba Iron Ore Ltd | COMPLIANT | 0.13% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ARI.JO African Rainbow Minerals Ltd | NON_COMPLIANT | 0.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Delta Corp Ltd/Zimbabwe | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Kavango Resources PLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| TN CyberTech Investments Holdings Ltd | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank of Africa | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 7 points of portfolio weight — 24.9% of it passes MSCI Islamic, 17.9% 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 22.0% ratios fail on 32.8% 47.4% not rated under AAOIFI
ratios pass on 22.1% ratios fail on 33.0% 47.0% not rated under Usmani
ratios pass on 18.5% ratios fail on 36.3% 47.4% not rated under Dow Jones Islamic
ratios pass on 17.9% ratios fail on 36.9% 47.4% not rated under S&P Shariah
ratios pass on 24.9% ratios fail on 30.0% 47.4% not rated under MSCI Islamic
ratios pass on 17.9% ratios fail on 36.9% 47.4% not rated under MSCI Islamic M-Series
ratios pass on 24.9% ratios fail on 30.0% 47.4% not rated under FTSE Shariah
54 of 73 listed holdings carry our own per-methodology verdicts (69% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (25% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NPN.JO Naspers Ltd | 3.97% |
| FSR.JO FirstRand Ltd | 3.65% |
| IVN.TO Ivanhoe Mines Ltd | 3.14% |
| SBK.JO Standard Bank Group Ltd | 2.79% |
| MTN.JO MTN Group Ltd | 2.23% |
| AAF.L Airtel Africa PLC | 2.05% |
| GTRHF Guaranty Trust Holding Co PLC | 2.04% |
| HTWS.L Helios Towers PLC | 1.58% |
| ABG.JO Absa Group Ltd | 1.23% |
| MMYT MakeMyTrip Ltd | 1.12% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
VanEck Africa Index ETF (AFK) 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.
Computing the full ratio and business-activity breakdown for AFK — 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.
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) | 35.80 | NEUTRAL |
| Stochastic %K (14) | 15.30 | BUY |
| CCI (20) | -91.06 | NEUTRAL |
| Williams %R (14) | -84.70 | BUY |
| MACD (12,26,9) | -0.16 | SELL |
| ROC (10) | -4.64 | SELL |
| Momentum (10) | -1.30 | SELL |
| EMA (10) | 27.10 | SELL |
| SMA (10) | 26.99 | SELL |
| EMA (20) | 27.61 | SELL |
| SMA (20) | 27.87 | SELL |
| EMA (30) | 27.83 | SELL |
| SMA (30) | 28.36 | SELL |
| EMA (50) | 27.88 | SELL |
| SMA (50) | 28.38 | SELL |
| EMA (100) | 27.60 | SELL |
| SMA (100) | 27.36 | SELL |
| EMA (200) | 27.21 | SELL |
| SMA (200) | 27.49 | SELL |
The fund normallyinvests at least 80% of its total assets in securities that comprise the fund’s benchmark index. The index includes securities of African companies. African companies generally include local listings of companies that are incorporated in Africa and listings of companies incorporated outside of Africa but that have at least 50% of their revenues/related assets in Africa.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | 42 |
| 🕐 1H | BEARISH | 42 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BULLISH | 234 |
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.
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.
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.
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
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 2026-10-06 · Asset managers net 906615 (+2612)
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.