Verdicts genuinely change. Free email alert the moment BGLCX'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.
Brookfield Global Listed Infrastructure Fund · Brookfield Investment Funds
36 holdings
NON-COMPLIANT 71.03% of portfolio weight is in non-compliant holdings, over the 5% threshold.
36 holdings, 31 matched (87% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
1.07% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (28 of 36 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.
15.9% compliant 0.0% questionable 71.0% non-compliant 12.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NEE NextEra Energy Inc | NON_COMPLIANT | 7.12% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| UNP Union Pacific Corp | COMPLIANT | 5.54% | AAOIFI18.2% Usmani43.8% Dow Jones Islamic22.0% S&P Shariah22.4% MSCI Islamic43.8% MSCI Islamic M-Series22.4% FTSE Shariah42.6% |
| WMB Williams Cos Inc/The | NON_COMPLIANT | 4.61% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| AENA.MC Aena SME SA | COMPLIANT | 4.54% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TRP TC Energy Corp | NON_COMPLIANT | 4.31% | AAOIFI2.3% Usmani1.7% Dow Jones Islamic2.6% S&P Shariah3.0% MSCI Islamic1.7% MSCI Islamic M-Series3.0% FTSE Shariah1.3% |
| Grupo Aeroportuario del Pacifi | UNSCREENED | 4.13% | no in-house ratios for this holding |
| SRE Sempra | NON_COMPLIANT | 3.84% | AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4% |
| NG.L National Grid PLC | NON_COMPLIANT | 3.81% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CSX CSX Corp | COMPLIANT | 3.75% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ICTSI | UNSCREENED | 3.43% | no in-house ratios for this holding |
| XEL Xcel Energy Inc | NON_COMPLIANT | 3.26% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| CCI Crown Castle Inc | NON_COMPLIANT | 2.91% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PCG PG&E Corp | NON_COMPLIANT | 2.81% | AAOIFI201.1% Usmani43.7% Dow Jones Islamic141.7% S&P Shariah142.1% MSCI Islamic43.7% MSCI Islamic M-Series142.1% FTSE Shariah43.3% |
| TRGP Targa Resources Corp | NON_COMPLIANT | 2.81% | AAOIFI31.5% Usmani71.4% Dow Jones Islamic46.4% S&P Shariah55.1% MSCI Islamic68.7% MSCI Islamic M-Series55.1% FTSE Shariah68.7% |
| NI NiSource Inc | NON_COMPLIANT | 2.74% | AAOIFI82.1% Usmani43.4% Dow Jones Islamic85.6% S&P Shariah99.5% MSCI Islamic43.4% MSCI Islamic M-Series99.5% FTSE Shariah43.4% |
| CNP CenterPoint Energy Inc | NON_COMPLIANT | 2.70% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SWX Southwest Gas Holdings Inc | NON_COMPLIANT | 2.69% | AAOIFI55.0% Usmani33.5% Dow Jones Islamic62.9% S&P Shariah67.5% MSCI Islamic33.5% MSCI Islamic M-Series67.5% FTSE Shariah33.5% |
| LNG Cheniere Energy Inc | NON_COMPLIANT | 2.68% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| Equatorial SA | UNSCREENED | 2.67% | no in-house ratios for this holding |
| LNT Alliant Energy Corp | NON_COMPLIANT | 2.62% | AAOIFI62.6% Usmani45.2% Dow Jones Islamic67.4% S&P Shariah74.1% MSCI Islamic44.4% MSCI Islamic M-Series74.1% FTSE Shariah44.4% |
| SSE.L SSE PLC | NON_COMPLIANT | 2.56% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PNW Pinnacle West Capital Corp | NON_COMPLIANT | 2.28% | AAOIFI132.7% Usmani48.2% Dow Jones Islamic147.1% S&P Shariah162.0% MSCI Islamic48.2% MSCI Islamic M-Series162.0% FTSE Shariah32.4% |
| EQIX Equinix Inc | COMPLIANT | 2.09% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| FE FirstEnergy Corp | NON_COMPLIANT | 2.08% | AAOIFI101.8% Usmani48.1% Dow Jones Islamic111.3% S&P Shariah119.2% MSCI Islamic48.0% MSCI Islamic M-Series119.2% FTSE Shariah47.5% |
| GET.PA Getlink SE | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Guangdong Investment Ltd | UNSCREENED | 2.02% | no in-house ratios for this holding |
| CLNX.MC Cellnex Telecom SA | NON_COMPLIANT | 2.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9706.T Japan Airport Terminal Co Ltd | NON_COMPLIANT | 2.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ELI.BR Elia Group SA/NV | NON_COMPLIANT | 1.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IG.MI Italgas SpA | NON_COMPLIANT | 1.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IDA IDACORP Inc | NON_COMPLIANT | 1.75% | AAOIFI43.9% Usmani33.8% Dow Jones Islamic52.0% S&P Shariah58.2% MSCI Islamic33.7% MSCI Islamic M-Series58.2% FTSE Shariah33.7% |
| CWY.AX Cleanaway Waste Management Ltd | NON_COMPLIANT | 1.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RAIL3.SA Rumo SA | NON_COMPLIANT | 1.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TLN Talen Energy Corp | NON_COMPLIANT | 0.87% | AAOIFI61.3% Usmani63.5% Dow Jones Islamic68.1% S&P Shariah74.8% MSCI Islamic63.5% MSCI Islamic M-Series74.8% FTSE Shariah63.5% |
| First American Treasury Obliga | UNSCREENED | 0.47% | no in-house ratios for this holding |
| PNN.L Pennon Group PLC | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
The published standards disagree about this fund by 6 points of portfolio weight — 16.5% of it passes AAOIFI, 10.7% passes Usmani. 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 16.5% ratios fail on 61.1% 22.1% not rated under AAOIFI
ratios pass on 10.7% ratios fail on 66.9% 22.1% not rated under Usmani
ratios pass on 16.5% ratios fail on 61.1% 22.1% not rated under Dow Jones Islamic
ratios pass on 16.5% ratios fail on 61.1% 22.1% not rated under S&P Shariah
ratios pass on 12.2% ratios fail on 65.4% 22.1% not rated under MSCI Islamic
ratios pass on 16.5% ratios fail on 61.1% 22.1% not rated under MSCI Islamic M-Series
ratios pass on 14.4% ratios fail on 63.1% 22.1% not rated under FTSE Shariah
31 of 36 listed holdings carry our own per-methodology verdicts (87% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 17 (54% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Brookfield Global Listed Infrastructure Fund (BGLCX) 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 |
|---|---|---|
| NEENextEra Energy Inc | 7.12% | Non-compliant |
| UNPUnion Pacific Corp | 5.54% | Compliant |
| WMBWilliams Cos Inc/The | 4.61% | Non-compliant |
| AENA.MCAena SME SA | 4.54% | Compliant |
| TRPTC Energy Corp | 4.31% | Non-compliant |
| Grupo Aeroportuario del Pacifinot matched to a ticker | 4.13% | Not screened |
| SRESempra | 3.84% | Non-compliant |
| NG.LNational Grid PLC | 3.81% | Non-compliant |
| CSXCSX Corp | 3.75% | Compliant |
| ICTSInot matched to a ticker | 3.43% | Not screened |
Top 10 of 36 holdings, 45.1% 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 BGLCX. 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) | 60.70 | NEUTRAL |
| Stochastic %K (14) | 100.00 | SELL |
| CCI (20) | 148.83 | SELL |
| Williams %R (14) | 0.00 | SELL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | 4.31 | BUY |
| Momentum (10) | 0.50 | BUY |
| EMA (10) | 11.89 | BUY |
| SMA (10) | 11.82 | BUY |
| EMA (20) | 11.88 | BUY |
| SMA (20) | 11.79 | BUY |
| EMA (30) | 11.94 | BUY |
| SMA (30) | 11.90 | BUY |
| EMA (50) | 12.05 | BUY |
| SMA (50) | 12.10 | BUY |
| EMA (100) | 12.18 | SELL |
| SMA (100) | 12.31 | SELL |
| EMA (200) | 12.09 | BUY |
| SMA (200) | 12.29 | SELL |
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.