Verdicts genuinely change. Free email alert the moment AFOZX'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 MID CAP FOCUS FUND · ALGER FUNDS
54 holdings
NON-COMPLIANT 20.88% of portfolio weight is in non-compliant holdings, over the 5% threshold.
3.55% 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.
54 holdings, 43 matched (84% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
2.05% of this portfolio’s income is non-permissible — weighted across holdings, computed over 75% of portfolio weight (38 of 54 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.
59.9% compliant 1.2% questionable 20.9% non-compliant 15.2% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NET CLOUDFLARE INC | NON_COMPLIANT | 3.95% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| Databricks, Inc. Series J | UNSCREENED | 3.93% | no in-house ratios for this holding |
| TWST TWIST BIOSCIENCE CORP | COMPLIANT | 3.90% | AAOIFI1.1% Usmani13.9% Dow Jones Islamic3.2% S&P Shariah3.5% MSCI Islamic13.9% MSCI Islamic M-Series3.5% FTSE Shariah0.0% |
| Dreyfus Treasury Obligations Cash Management | NON_COMPLIANT | 3.55% | no in-house ratios for this holding |
| NTRA NATERA INC | COMPLIANT | 3.26% | AAOIFI0.5% Usmani9.0% Dow Jones Islamic0.9% S&P Shariah1.2% MSCI Islamic9.0% MSCI Islamic M-Series1.2% FTSE Shariah3.0% |
| FIX COMFORT SYSTEMS USA INC | COMPLIANT | 3.25% | AAOIFI0.6% Usmani4.4% Dow Jones Islamic1.2% S&P Shariah1.5% MSCI Islamic4.4% MSCI Islamic M-Series1.5% FTSE Shariah0.6% |
| RGEN REPLIGEN CORP | COMPLIANT | 3.07% | AAOIFI7.3% Usmani23.4% Dow Jones Islamic8.8% S&P Shariah8.4% MSCI Islamic23.4% MSCI Islamic M-Series8.4% FTSE Shariah18.7% |
| RBC RBC BEARINGS INC | COMPLIANT | 2.79% | AAOIFI5.6% Usmani17.7% Dow Jones Islamic6.5% S&P Shariah7.6% MSCI Islamic16.8% MSCI Islamic M-Series7.6% FTSE Shariah15.5% |
| GH GUARDANT HEALTH INC | COMPLIANT | 2.72% | AAOIFI7.8% Usmani88.7% Dow Jones Islamic17.9% S&P Shariah23.1% MSCI Islamic88.7% MSCI Islamic M-Series23.1% FTSE Shariah78.6% |
| AXON AXON ENTERPRISE INC | COMPLIANT | 2.61% | AAOIFI4.4% Usmani24.5% Dow Jones Islamic4.0% S&P Shariah4.9% MSCI Islamic24.5% MSCI Islamic M-Series4.9% FTSE Shariah23.1% |
| HWM HOWMET AEROSPACE INC | NON_COMPLIANT | 2.60% | AAOIFI5.1% Usmani35.2% Dow Jones Islamic6.2% S&P Shariah7.9% MSCI Islamic35.2% MSCI Islamic M-Series7.9% FTSE Shariah34.0% |
| MPWR MONOLITHIC POWER SYSTEMS INC | COMPLIANT | 2.50% | AAOIFI0.0% Usmani0.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.4% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| WDC WESTERN DIGITAL CORP | COMPLIANT | 2.50% | AAOIFI0.7% Usmani8.6% Dow Jones Islamic1.8% S&P Shariah2.3% MSCI Islamic8.6% MSCI Islamic M-Series2.3% FTSE Shariah7.6% |
| HOOD ROBINHOOD MARKETS INC | NON_COMPLIANT | 2.42% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| HEI HEICO CORP | COMPLIANT | 2.28% | AAOIFI5.8% Usmani25.6% Dow Jones Islamic31.9% S&P Shariah36.0% MSCI Islamic25.6% MSCI Islamic M-Series36.0% FTSE Shariah25.6% |
| VIK VIKING HOLDINGS LTD | NON_COMPLIANT | 2.24% | AAOIFI14.8% Usmani46.3% Dow Jones Islamic20.6% S&P Shariahpass MSCI Islamic46.3% MSCI Islamic M-Seriespass FTSE Shariah46.3% |
| WST WEST PHARMACEUTICAL SERVICES INC | COMPLIANT | 2.24% | AAOIFI1.3% Usmani7.8% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic7.7% MSCI Islamic M-Series1.4% FTSE Shariah5.0% |
| FTAI FTAI AVIATION LTD | COMPLIANT | 2.18% | AAOIFI17.1% Usmani76.9% Dow Jones Islamic19.5% S&P Shariah24.8% MSCI Islamic76.9% MSCI Islamic M-Series24.8% FTSE Shariah76.9% |
| SNOW SNOWFLAKE INC | COMPLIANT | 2.14% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| BIIB BIOGEN INC | COMPLIANT | 2.10% | AAOIFI21.2% Usmani22.5% Dow Jones Islamic27.5% S&P Shariah24.3% MSCI Islamic22.5% MSCI Islamic M-Series24.3% FTSE Shariah21.3% |
| SB TECHNOLOGY CORP | UNSCREENED | 2.05% | no in-house ratios for this holding |
| ARWR ARROWHEAD PHARMACEUTICALS INC | COMPLIANT | 2.00% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NEBIUS GROUP NV | UNSCREENED | 1.90% | no in-house ratios for this holding |
| APH AMPHENOL CORP | NON_COMPLIANT | 1.87% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ABIVAX SA | UNSCREENED | 1.75% | no in-house ratios for this holding |
| SNPS SYNOPSYS INC | COMPLIANT | 1.68% | AAOIFI14.4% Usmani22.7% Dow Jones Islamic13.2% S&P Shariah13.2% MSCI Islamic22.7% MSCI Islamic M-Series13.2% FTSE Shariah21.0% |
| DXCM DEXCOM INC | COMPLIANT | 1.67% | AAOIFI4.1% Usmani21.7% Dow Jones Islamic4.7% S&P Shariah4.0% MSCI Islamic20.9% MSCI Islamic M-Series4.0% FTSE Shariah19.3% |
| MOD MODINE MANUFACTURING COMPANY | COMPLIANT | 1.63% | AAOIFI6.1% Usmani22.5% Dow Jones Islamic7.8% S&P Shariah9.3% MSCI Islamic22.4% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| IDXX IDEXX LABORATORIES INC | COMPLIANT | 1.55% | AAOIFI1.4% Usmani16.8% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic16.8% MSCI Islamic M-Series1.3% FTSE Shariah13.1% |
| MDB MONGODB INC | COMPLIANT | 1.53% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| ALAB ASTERA LABS INC | COMPLIANT | 1.52% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TWLO TWILIO INC | COMPLIANT | 1.50% | AAOIFI3.1% Usmani9.8% Dow Jones Islamic5.4% S&P Shariah6.4% MSCI Islamic9.8% MSCI Islamic M-Series6.4% FTSE Shariah9.2% |
| SAIA SAIA INC | COMPLIANT | 1.32% | AAOIFI2.8% Usmani7.2% Dow Jones Islamic2.7% S&P Shariah2.5% MSCI Islamic7.2% MSCI Islamic M-Series2.5% FTSE Shariah2.7% |
| GWRE GUIDEWIRE SOFTWARE INC | QUESTIONABLE | 1.21% | AAOIFI3.2% Usmani16.9% Dow Jones Islamic2.8% S&P Shariah3.2% MSCI Islamic16.9% MSCI Islamic M-Series3.2% FTSE Shariah15.5% |
| Databricks, Inc. Series K | UNSCREENED | 1.18% | no in-house ratios for this holding |
| TLN TALEN ENERGY CORP | NON_COMPLIANT | 1.13% | AAOIFI61.3% Usmani63.5% Dow Jones Islamic68.1% S&P Shariah74.8% MSCI Islamic63.5% MSCI Islamic M-Series74.8% FTSE Shariah63.5% |
| SPOT SPOTIFY TECHNOLOGY SA | NON_COMPLIANT | 1.13% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| REVOLUTION MEDICINES INC | UNSCREENED | 1.11% | no in-house ratios for this holding |
| TPR TAPESTRY INC | COMPLIANT | 1.09% | AAOIFI16.9% Usmani59.3% Dow Jones Islamic18.9% S&P Shariah23.7% MSCI Islamic59.3% MSCI Islamic M-Series23.7% FTSE Shariah35.8% |
| VRT VERTIV HOLDINGS COMPANY | COMPLIANT | 1.08% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| RKLB ROCKET LAB CORP | COMPLIANT | 1.08% | AAOIFI0.3% Usmani2.9% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic2.5% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| LITE LUMENTUM HOLDINGS INC | COMPLIANT | 1.07% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| QXO QXO INC | NON_COMPLIANT | 0.99% | AAOIFI49.4% Usmani31.0% Dow Jones Islamic64.2% S&P Shariah94.5% MSCI Islamic30.2% MSCI Islamic M-Series94.5% FTSE Shariah26.6% |
| VST VISTRA CORP | NON_COMPLIANT | 0.99% | AAOIFI39.4% Usmani46.0% Dow Jones Islamic36.7% S&P Shariah46.3% MSCI Islamic46.0% MSCI Islamic M-Series46.3% FTSE Shariah46.0% |
| Disruptive Technology Solutions LI, LLC Series C | UNSCREENED | 0.97% | no in-house ratios for this holding |
| INSMED INC | UNSCREENED | 0.86% | no in-house ratios for this holding |
| MLM MARTIN MARIETTA MATERIALS INC | COMPLIANT | 0.86% | AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9% |
| CVNA CARVANA COMPANY | COMPLIANT | 0.84% | AAOIFI6.8% Usmani38.2% Dow Jones Islamic8.2% S&P Shariah10.9% MSCI Islamic38.2% MSCI Islamic M-Series10.9% FTSE Shariah35.5% |
| MSCI MSCI INC | COMPLIANT | 0.82% | AAOIFI15.7% Usmani116.8% Dow Jones Islamic15.3% S&P Shariah15.6% MSCI Islamic116.8% MSCI Islamic M-Series15.6% FTSE Shariah113.9% |
| 2454.TW MEDIATEK INC | COMPLIANT | 0.81% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SB Technology Inc. Series F | UNSCREENED | 0.55% | no in-house ratios for this holding |
| Disruptive Technology Solutions, LVI | UNSCREENED | 0.52% | no in-house ratios for this holding |
| Databricks, Inc. Series L | UNSCREENED | 0.37% | no in-house ratios for this holding |
| FPS FORGENT POWER SOLUTIONS INC | COMPLIANT | 0.32% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
The published standards disagree about this fund by 32 points of portfolio weight — 57.7% of it passes AAOIFI, 25.9% 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 57.7% ratios fail on 8.5% 31.0% not rated under AAOIFI
ratios pass on 38.8% ratios fail on 25.6% 32.7% not rated under Usmani
ratios pass on 57.7% ratios fail on 8.5% 31.0% not rated under Dow Jones Islamic
ratios pass on 55.4% ratios fail on 8.5% 33.3% not rated under S&P Shariah
ratios pass on 25.9% ratios fail on 37.5% 33.7% not rated under MSCI Islamic
ratios pass on 55.4% ratios fail on 8.5% 33.3% not rated under MSCI Islamic M-Series
ratios pass on 39.7% ratios fail on 24.8% 32.7% not rated under FTSE Shariah
42 of 54 listed holdings carry our own per-methodology verdicts (78% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 37 (72% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NET CLOUDFLARE INC | 3.95% |
| Dreyfus Treasury Obligations Cash Management | 3.55% |
| HWM HOWMET AEROSPACE INC | 2.60% |
| HOOD ROBINHOOD MARKETS INC | 2.42% |
| VIK VIKING HOLDINGS LTD | 2.24% |
| APH AMPHENOL CORP | 1.87% |
| TLN TALEN ENERGY CORP | 1.13% |
| SPOT SPOTIFY TECHNOLOGY SA | 1.13% |
| QXO QXO INC | 0.99% |
| VST VISTRA CORP | 0.99% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
ALGER MID CAP FOCUS FUND (AFOZX) 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 |
|---|---|---|
| NETCLOUDFLARE INC | 3.95% | Non-compliant |
| Databricks, Inc. Series Jnot matched to a ticker | 3.93% | Not screened |
| TWSTTWIST BIOSCIENCE CORP | 3.90% | Compliant |
| Dreyfus Treasury Obligations Cash Managementnot matched to a ticker | 3.55% | Non-compliant |
| NTRANATERA INC | 3.26% | Compliant |
| FIXCOMFORT SYSTEMS USA INC | 3.25% | Compliant |
| RGENREPLIGEN CORP | 3.07% | Compliant |
| RBCRBC BEARINGS INC | 2.79% | Compliant |
| GHGUARDANT HEALTH INC | 2.72% | Compliant |
| AXONAXON ENTERPRISE INC | 2.61% | Compliant |
Top 10 of 54 holdings, 33.0% 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 AFOZX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 3 days - this is not a reading of today
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) | 51.10 | NEUTRAL |
| Stochastic %K (14) | 33.60 | NEUTRAL |
| CCI (20) | 4.67 | NEUTRAL |
| Williams %R (14) | -66.40 | NEUTRAL |
| MACD (12,26,9) | -0.05 | SELL |
| ROC (10) | -1.69 | SELL |
| Momentum (10) | -0.41 | SELL |
| EMA (10) | 23.88 | SELL |
| SMA (10) | 24.02 | SELL |
| EMA (20) | 23.79 | SELL |
| SMA (20) | 23.76 | BUY |
| EMA (30) | 23.68 | BUY |
| SMA (30) | 23.53 | BUY |
| EMA (50) | 23.48 | BUY |
| SMA (50) | 23.53 | BUY |
| EMA (100) | 23.00 | BUY |
| SMA (100) | 23.10 | BUY |
| EMA (200) | 22.17 | BUY |
| SMA (200) | 21.93 | 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.