APDYXETF / Fund
Verdicts genuinely change. Free email alert the moment APDYX'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.
Artisan Developing World Fund · Artisan Partners Funds Inc.
45 holdings
NON-COMPLIANT 29.46% of portfolio weight is in non-compliant holdings, over the 5% threshold.
45 holdings, 36 matched (97% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
3.40% of this portfolio’s income is non-permissible — weighted across holdings, computed over 91% 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.
65.8% compliant 1.1% questionable 29.5% non-compliant 2.9% unscreened
All holdings (45)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MU Micron Technology, Inc. | COMPLIANT | 6.53% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| SE Sea Ltd. | COMPLIANT | 6.16% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| MELI MercadoLibre, Inc. | COMPLIANT | 5.89% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| 0700.HK Tencent Holdings Ltd. | COMPLIANT | 5.25% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MMYT MakeMyTrip Ltd. | NON_COMPLIANT | 5.05% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 4.84% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| CRWD Crowdstrike Holdings, Inc. | COMPLIANT | 4.81% | AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2% |
| V Visa, Inc. | COMPLIANT | 4.62% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| ADYEN.AS Adyen NV | NON_COMPLIANT | 3.94% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NU NU Holdings Ltd. | NON_COMPLIANT | 3.66% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| GRAB Grab Holdings Ltd. | NON_COMPLIANT | 3.50% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| SNOW Snowflake, Inc. | COMPLIANT | 3.44% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| KO Coca-Cola Co. (The) | COMPLIANT | 3.19% | AAOIFI11.9% Usmani43.4% Dow Jones Islamic14.9% S&P Shariah15.9% MSCI Islamic43.4% MSCI Islamic M-Series15.9% FTSE Shariah41.8% |
| ETERNAL.NS Eternal Ltd. | COMPLIANT | 3.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NVDA NVIDIA Corp. | COMPLIANT | 3.04% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| ARM ARM Holdings plc | COMPLIANT | 3.02% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PAYTM.NS One 97 Communications Ltd. | NON_COMPLIANT | 2.42% | AAOIFI0.2% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.7% MSCI Islamic M-Seriesfail FTSE Shariah0.7% |
| HDFCBANK.NS HDFC Bank Ltd. | NON_COMPLIANT | 2.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| APOLLOHOSP.NS Apollo Hospitals Enterprise Ltd. | COMPLIANT | 2.16% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| COIN Coinbase Global, Inc. | NON_COMPLIANT | 2.08% | AAOIFI13.1% Usmani23.2% Dow Jones Islamic9.7% S&P Shariah10.8% MSCI Islamic23.2% MSCI Islamic M-Series10.8% FTSE Shariah22.5% |
| 8JN.SG Kanzhun Ltd. | NON_COMPLIANT | 1.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BABA Alibaba Group Holding Ltd. | COMPLIANT | 1.90% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| Kweichow Moutai Co. Ltd. | UNSCREENED | 1.40% | no in-house ratios for this holding |
| BlackRock Liquidity Funds Treasury Trust Fund | UNSCREENED | 1.39% | no in-house ratios for this holding |
| MA Mastercard, Inc. | COMPLIANT | 1.14% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| RACE.MI Ferrari NV | COMPLIANT | 1.13% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAFRY Safran SA | COMPLIANT | 1.13% | AAOIFI3.9% Usmani9.9% Dow Jones Islamic19.4% S&P Shariah22.2% MSCI Islamic8.6% MSCI Islamic M-Series22.2% FTSE Shariah8.6% |
| NFLX Netflix, Inc. | QUESTIONABLE | 1.12% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| RMS.PA Hermes International SCA | COMPLIANT | 1.10% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CFR.SW Cie Financiere Richemont SA | COMPLIANT | 1.09% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CRCL Circle Internet Group, Inc. | NON_COMPLIANT | 1.02% | AAOIFI0.1% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| KC Kingsoft Cloud Holdings Ltd. | NON_COMPLIANT | 0.96% | AAOIFI188.2% Usmani38.5% Dow Jones Islamic1.9% S&P Shariah2.5% MSCI Islamic24.2% MSCI Islamic M-Series2.5% FTSE Shariah23.8% |
| POLICYBZR.NS PB Fintech Ltd. | NON_COMPLIANT | 0.93% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| 2423.HK KE Holdings, Inc. | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0100.HK Minimax Group, Inc. | NON_COMPLIANT | 0.86% | AAOIFI0.3% Usmani3.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.4% MSCI Islamic M-Seriesfail FTSE Shariah3.4% |
| 1357.HK Meitu, Inc. | COMPLIANT | 0.85% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CBRS Cerebras Systems, Inc. | COMPLIANT | 0.73% | AAOIFI5.9% Usmani12.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic12.8% MSCI Islamic M-Series— FTSE Shariah7.9% |
| TSM Taiwan Semiconductor Manufacturing Co. Ltd. | COMPLIANT | 0.61% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| Indian Rupee | UNSCREENED | 0.05% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Australian Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| British Pound | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Brazilian Real | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Hong Kong Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Chinese Yuan Offshore | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 50 points of portfolio weight — 71.9% of it passes AAOIFI, 22.1% 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 71.9% ratios fail on 20.7% 6.6% not rated under AAOIFI
ratios pass on 27.7% ratios fail on 52.7% 18.9% not rated under Usmani
ratios pass on 66.2% ratios fail on 19.3% 13.8% not rated under Dow Jones Islamic
ratios pass on 66.2% ratios fail on 19.3% 13.8% not rated under S&P Shariah
ratios pass on 22.1% ratios fail on 58.2% 18.9% not rated under MSCI Islamic
ratios pass on 65.4% ratios fail on 20.2% 13.8% not rated under MSCI Islamic M-Series
ratios pass on 22.1% ratios fail on 58.2% 18.9% not rated under FTSE Shariah
35 of 45 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, 23 (70% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| MMYT MakeMyTrip Ltd. | 5.05% |
| ADYEN.AS Adyen NV | 3.94% |
| NU NU Holdings Ltd. | 3.66% |
| GRAB Grab Holdings Ltd. | 3.50% |
| PAYTM.NS One 97 Communications Ltd. | 2.42% |
| HDFCBANK.NS HDFC Bank Ltd. | 2.26% |
| COIN Coinbase Global, Inc. | 2.08% |
| 8JN.SG Kanzhun Ltd. | 1.92% |
| CRCL Circle Internet Group, Inc. | 1.02% |
| KC Kingsoft Cloud Holdings Ltd. | 0.96% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
APDYX 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| MUMicron Technology, Inc. | 6.53% | Compliant |
| SESea Ltd. | 6.16% | Compliant |
| MELIMercadoLibre, Inc. | 5.89% | Compliant |
| 0700.HKTencent Holdings Ltd. | 5.25% | Compliant |
| MMYTMakeMyTrip Ltd. | 5.05% | Non-compliant |
| TSMTaiwan Semiconductor Manufacturing Co. Ltd. | 4.84% | Compliant |
| CRWDCrowdstrike Holdings, Inc. | 4.81% | Compliant |
| VVisa, Inc. | 4.62% | Compliant |
| ADYEN.ASAdyen NV | 3.94% | Non-compliant |
| NUNU Holdings Ltd. | 3.66% | Non-compliant |
Top 10 of 45 holdings, 50.8% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- MMYTnon-compliant5.05%
- ADYEN.ASnon-compliant3.94%
- NUnon-compliant3.66%
- GRABnon-compliant3.50%
- PAYTM.NSnon-compliant2.42%
- HDFCBANK.NSnon-compliant2.26%
What changed, and when
Verdict history for APDYX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for APDYX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 6 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.
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) | 27.50 | BUY |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -142.75 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.09 | SELL |
| ROC (10) | -5.15 | SELL |
| Momentum (10) | -1.18 | SELL |
| EMA (10) | 22.40 | SELL |
| SMA (10) | 22.39 | SELL |
| EMA (20) | 22.77 | SELL |
| SMA (20) | 22.95 | SELL |
| EMA (30) | 23.01 | SELL |
| SMA (30) | 23.21 | SELL |
| EMA (50) | 23.21 | SELL |
| SMA (50) | 23.62 | SELL |
| EMA (100) | 23.15 | SELL |
| SMA (100) | 23.33 | SELL |
| EMA (200) | 22.79 | SELL |
| SMA (200) | 22.22 | SELL |
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.
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.
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.