Verdicts genuinely change. Free email alert the moment BGEWX'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.
Baillie Gifford Emerging Markets Ex China Fund · Baillie Gifford Funds
71 holdings
NON-COMPLIANT 20.96% of portfolio weight is in non-compliant holdings, over the 5% threshold.
71 holdings, 55 matched (93% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
3.12% of this portfolio’s income is non-permissible — weighted across holdings, computed over 89% of portfolio weight (49 of 71 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.
70.6% compliant 0.0% questionable 21.0% non-compliant 6.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 19.16% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 9.72% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 000660.KS SK HYNIX INC | COMPLIANT | 6.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 402340.KS SK SQUARE CO LTD | COMPLIANT | 6.04% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| 2345.TW ACCTON TECHNOLOGY CORP | COMPLIANT | 3.87% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 2454.TW MEDIATEK INC | COMPLIANT | 3.69% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 3.62% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| NPN.JO NASPERS LTD | NON_COMPLIANT | 2.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FN FABRINET | COMPLIANT | 2.10% | AAOIFI0.0% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MELI MERCADOLIBRE INC | COMPLIANT | 1.98% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| FM.TO FIRST QUANTUM MINERALS LTD | COMPLIANT | 1.85% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| RELIANCE.NS RELIANCE INDUSTRIES LTD | COMPLIANT | 1.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | NON_COMPLIANT | 1.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AXISBANK.BO AXIS BANK LTD | NON_COMPLIANT | 1.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AXIA3.SA AXIA ENERGIA SA | NON_COMPLIANT | 1.38% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| EMAAR.AE EMAAR PROPERTIES PJSC | NON_COMPLIANT | 1.30% | AAOIFI10.8% Usmani6.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.7% MSCI Islamic M-Seriesfail FTSE Shariah5.7% |
| PETR3.SA PETROLEO BRASILEIRO SA | NON_COMPLIANT | 1.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SE SEA LTD | COMPLIANT | 1.26% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| BAP CREDICORP LTD | NON_COMPLIANT | 1.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VALE3.SA VALE SA | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| FEMSAUBD.MX FOMENTO ECONOMICO MEXICANO SAB DE CV | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VISTA ENERGY SAB DE CV | UNSCREENED | 0.90% | no in-house ratios for this holding |
| 005380.KS HYUNDAI MOTOR COMPANY | NON_COMPLIANT | 0.87% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SOCIEDAD QUIMICA Y MINERA DE CHILE SA | UNSCREENED | 0.85% | no in-house ratios for this holding |
| GRUPO FINANCIERO BANORTE SAB DE CV | UNSCREENED | 0.84% | no in-house ratios for this holding |
| 2395.TW ADVANTECH COMPANY LTD | COMPLIANT | 0.76% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| INDIGO.NS INTERGLOBE AVIATION LTD | NON_COMPLIANT | 0.70% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LUN.TO LUNDIN MINING CORP | COMPLIANT | 0.69% | AAOIFI1.9% Usmani6.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.2% MSCI Islamic M-Seriespass FTSE Shariah4.2% |
| ICICIBANK.NS ICICI BANK LTD | NON_COMPLIANT | 0.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 0.67% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| MOTHERSON.BO SAMVARDHANA MOTHERSON INTERNATIONAL LTD | COMPLIANT | 0.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BBDC3.SA BANCO BRADESCO SA | NON_COMPLIANT | 0.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TBBB BBB FOODS INC | COMPLIANT | 0.65% | AAOIFI39.1% Usmani7.4% Dow Jones Islamic3.7% S&P Shariah3.9% MSCI Islamic7.4% MSCI Islamic M-Series3.9% FTSE Shariah7.4% |
| HDFCLIFE.NS HDFC LIFE INSURANCE CO LTD | NON_COMPLIANT | 0.64% | AAOIFI2.7% Usmani0.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.8% MSCI Islamic M-Seriesfail FTSE Shariah0.8% |
| CAPITEC BANK HOLDINGS LTD | UNSCREENED | 0.63% | no in-house ratios for this holding |
| ALE.WA ALLEGRO.EU SA | COMPLIANT | 0.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| COPA HOLDINGS SA | UNSCREENED | 0.62% | no in-house ratios for this holding |
| KOTAKBANK.NS KOTAK MAHINDRA BANK LTD | NON_COMPLIANT | 0.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NC CORP | UNSCREENED | 0.59% | no in-house ratios for this holding |
| VLE.TO VALEURA ENERGY INC | COMPLIANT | 0.56% | AAOIFI8.6% Usmani20.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.4% MSCI Islamic M-Seriesfail FTSE Shariah10.4% |
| DELHIVERY.NS DELHIVERY LTD | COMPLIANT | 0.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 8069.TWO E INK HOLDINGS INC | COMPLIANT | 0.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CPNG COUPANG INC | COMPLIANT | 0.51% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| ULTRACEMCO.NS ULTRATECH CEMENT LTD | COMPLIANT | 0.50% | AAOIFI7.1% Usmani17.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic16.8% MSCI Islamic M-Seriespass FTSE Shariah16.8% |
| POLICYBZR.NS PB FINTECH LTD | NON_COMPLIANT | 0.50% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| KASPI.KZ JSC | UNSCREENED | 0.49% | no in-house ratios for this holding |
| TCS.NS TATA CONSULTANCY SERVICES LTD | COMPLIANT | 0.47% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GRAB GRAB HOLDINGS LTD | NON_COMPLIANT | 0.46% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| WAL-MART DE MEXICO SAB DE CV (WAL-MART DE MEXICO SA DE CV) | UNSCREENED | 0.45% | no in-house ratios for this holding |
| IMP.JO IMPALA PLATINUM HOLDINGS LTD | COMPLIANT | 0.42% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| REMGRO LTD | UNSCREENED | 0.40% | no in-house ratios for this holding |
| PETR3.SA PETROLEO BRASILEIRO SA | NON_COMPLIANT | 0.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 086280.KS HYUNDAI GLOVIS COMPANY LTD | COMPLIANT | 0.40% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BANK RAKYAT INDONESIA (PERSERO) TBK | UNSCREENED | 0.39% | no in-house ratios for this holding |
| CHOLAFIN.BO CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FSR.JO FIRSTRAND LTD | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EICHERMOT.BO EICHER MOTORS LTD | COMPLIANT | 0.39% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NATU3.SA NATURA COSMETICOS SA | NON_COMPLIANT | 0.37% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LREN3.SA LOJAS RENNER SA | COMPLIANT | 0.36% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| WEGE3.SA WEG SA | COMPLIANT | 0.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| IVN.TO IVANHOE MINES LTD | NON_COMPLIANT | 0.35% | AAOIFI10.4% Usmani16.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic16.6% MSCI Islamic M-Seriesfail FTSE Shariah16.6% |
| MWG.VN MOBILE WORLD INVESTMENT CORP | NON_COMPLIANT | 0.35% | AAOIFI28.2% Usmani35.7% Dow Jones Islamicfail S&P Shariahpass MSCI Islamic35.7% MSCI Islamic M-Seriesfail FTSE Shariah35.7% |
| MILITARY CJSB | UNSCREENED | 0.35% | no in-house ratios for this holding |
| 000720.KS HYUNDAI ENGINEERING & CONSTRUCTION CO LTD | NON_COMPLIANT | 0.31% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ESCORTS.NS ESCORTS KUBOTA LTD | COMPLIANT | 0.30% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 1111.SR SAUDI TADAWUL GROUP HOLDING COMPANY | NON_COMPLIANT | 0.23% | AAOIFI3.7% Usmani8.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.8% MSCI Islamic M-Seriesfail FTSE Shariah6.8% |
| FPT CORP | UNSCREENED | 0.17% | no in-house ratios for this holding |
| MMC NORILSK NICKEL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MMC NORILSK NICKEL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SBERBANK OF RUSSIA OJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MOSCOW EXCHANGE MICEX-RTS OJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 31 points of portfolio weight — 70.4% of it passes AAOIFI, 39.1% 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 70.4% ratios fail on 21.2% 6.7% not rated under AAOIFI
ratios pass on 42.8% ratios fail on 45.5% 9.9% not rated under Usmani
ratios pass on 67.2% ratios fail on 23.7% 7.3% not rated under Dow Jones Islamic
ratios pass on 67.6% ratios fail on 23.3% 7.3% not rated under S&P Shariah
ratios pass on 39.1% ratios fail on 49.8% 9.3% not rated under MSCI Islamic
ratios pass on 67.2% ratios fail on 23.7% 7.3% not rated under MSCI Islamic M-Series
ratios pass on 47.4% ratios fail on 41.5% 9.3% not rated under FTSE Shariah
53 of 71 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 20 (53% 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 | 2.15% |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | 1.53% |
| AXISBANK.BO AXIS BANK LTD | 1.40% |
| AXIA3.SA AXIA ENERGIA SA | 1.38% |
| EMAAR.AE EMAAR PROPERTIES PJSC | 1.30% |
| PETR3.SA PETROLEO BRASILEIRO SA | 1.27% |
| BAP CREDICORP LTD | 1.25% |
| VALE3.SA VALE SA | 1.11% |
| FEMSAUBD.MX FOMENTO ECONOMICO MEXICANO SAB DE CV | 1.01% |
| 005380.KS HYUNDAI MOTOR COMPANY | 0.87% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Baillie Gifford Emerging Markets Ex China Fund (BGEWX) 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 | 19.16% | Compliant |
| 005930.KSSAMSUNG ELECTRONICS CO LTD | 9.72% | Compliant |
| 000660.KSSK HYNIX INC | 6.86% | Compliant |
| 402340.KSSK SQUARE CO LTD | 6.04% | Compliant |
| 2345.TWACCTON TECHNOLOGY CORP | 3.87% | Compliant |
| 2454.TWMEDIATEK INC | 3.69% | Compliant |
| 005930.KSSAMSUNG ELECTRONICS CO LTD | 3.62% | Compliant |
| NPN.JONASPERS LTD | 2.15% | Non-compliant |
| FNFABRINET | 2.10% | Compliant |
| MELIMERCADOLIBRE INC | 1.98% | Compliant |
Top 10 of 71 holdings, 59.2% 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 BGEWX. 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) | 43.00 | NEUTRAL |
| Stochastic %K (14) | 0.00 | BUY |
| CCI (20) | -129.56 | BUY |
| Williams %R (14) | -100.00 | BUY |
| MACD (12,26,9) | -0.07 | SELL |
| ROC (10) | -2.68 | SELL |
| Momentum (10) | -0.47 | SELL |
| EMA (10) | 17.50 | SELL |
| SMA (10) | 17.58 | SELL |
| EMA (20) | 17.52 | SELL |
| SMA (20) | 17.57 | SELL |
| EMA (30) | 17.48 | SELL |
| SMA (30) | 17.54 | SELL |
| EMA (50) | 17.38 | SELL |
| SMA (50) | 17.36 | SELL |
| EMA (100) | 16.97 | BUY |
| SMA (100) | 17.36 | SELL |
| EMA (200) | 15.66 | BUY |
| SMA (200) | 15.92 | 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.