BKCIETF / FundBNY Mellon Concentrated International ETF
Verdicts genuinely change. Free email alert the moment BKCI'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.
BNY Mellon Concentrated International ETF · BNY Mellon ETF Trust
28 holdings
NON-COMPLIANT 17.77% of portfolio weight is in non-compliant holdings, over the 5% threshold.
28 holdings, 26 matched (95% of weight). Portfolio as of 2026-07-31, filed 2026-09-24. Source: SEC Form N-PORT.
2.12% of this portfolio’s income is non-permissible — weighted across holdings, computed over 92% of portfolio weight (25 of 28 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.
76.8% compliant 0.0% questionable 17.8% non-compliant 5.2% unscreened
All holdings (28)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 6.75% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| ASML ASML HOLDING NV | COMPLIANT | 5.50% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| ATD.TO ALIMENTATION COUCHE-TARD INC | NON_COMPLIANT | 5.03% | AAOIFI30.2% Usmani49.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic37.8% MSCI Islamic M-Seriespass FTSE Shariah37.8% |
| TTE.PA TOTALENERGIES SE | NON_COMPLIANT | 4.92% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1299.HK AIA GROUP LTD | NON_COMPLIANT | 4.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CPG.L COMPASS GROUP PLC | COMPLIANT | 4.36% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RO.SW ROCHE HOLDING AG | COMPLIANT | 4.18% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AI.PA L'AIR LIQUIDE SA | COMPLIANT | 4.17% | AAOIFI12.7% Usmani28.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic26.2% MSCI Islamic M-Series— FTSE Shariah26.2% |
| MRK.DE MERCK KGAA | COMPLIANT | 4.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AMS.MC AMADEUS IT GROUP SA | COMPLIANT | 4.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SGSN.SW SGS SA | COMPLIANT | 3.62% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KYCCF KEYENCE CORP | COMPLIANT | 3.57% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| OR.PA L'OREAL SA | COMPLIANT | 3.47% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HOYA CORP | UNSCREENED | 3.47% | no in-house ratios for this holding |
| SIKA.SW SIKA AG | COMPLIANT | 3.38% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LONN.SW LONZA GROUP AG | COMPLIANT | 3.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 4063.T SHIN-ETSU CHEMICAL COMPANY LTD | COMPLIANT | 3.24% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAP SAP SE | COMPLIANT | 3.11% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| A17U.SI CAPITALAND ASCENDAS REIT | NON_COMPLIANT | 2.99% | AAOIFI65.4% Usmani43.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic40.0% MSCI Islamic M-Seriesfail FTSE Shariah40.0% |
| ALC ALCON AG | COMPLIANT | 2.98% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| HLMA.L HALMA PLC | COMPLIANT | 2.96% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MC.PA LVMH MOET HENNESSY LOUIS VUITTON SE | COMPLIANT | 2.78% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| EXPN.L EXPERIAN PLC | COMPLIANT | 2.72% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| COLO-B.CO COLOPLAST A/S | COMPLIANT | 2.52% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 6367.T DAIKIN INDUSTRIES LTD | COMPLIANT | 2.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ADDYY ADIDAS AG | COMPLIANT | 2.06% | AAOIFI21.3% Usmani41.8% Dow Jones Islamic34.7% S&P Shariah34.7% MSCI Islamic27.4% MSCI Islamic M-Series34.7% FTSE Shariah27.4% |
| UMG.AS UNIVERSAL MUSIC GROUP NV | COMPLIANT | 1.77% | AAOIFI13.5% Usmani22.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.5% MSCI Islamic M-Seriespass FTSE Shariah19.5% |
| Dreyfus Institutional Reserves Funds | UNSCREENED | 1.70% | no in-house ratios for this holding |
The published standards disagree about this fund by 27 points of portfolio weight — 73.8% of it passes AAOIFI, 47.1% 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 73.8% ratios fail on 17.8% 8.1% not rated under AAOIFI
ratios pass on 47.1% ratios fail on 44.4% 8.1% not rated under Usmani
ratios pass on 72.6% ratios fail on 14.8% 12.3% not rated under Dow Jones Islamic
ratios pass on 69.0% ratios fail on 18.4% 12.3% not rated under S&P Shariah
ratios pass on 50.7% ratios fail on 40.8% 8.1% not rated under MSCI Islamic
ratios pass on 69.0% ratios fail on 18.4% 12.3% not rated under MSCI Islamic M-Series
ratios pass on 56.1% ratios fail on 35.4% 8.1% not rated under FTSE Shariah
26 of 28 listed holdings carry our own per-methodology verdicts (95% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 8 (31% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
BNY Mellon Concentrated International ETF (BKCI) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for BKCI — 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.
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) | 64.70 | NEUTRAL |
| Stochastic %K (14) | 94.97 | SELL |
| CCI (20) | 95.15 | NEUTRAL |
| Williams %R (14) | -5.03 | SELL |
| MACD (12,26,9) | 0.14 | BUY |
| ROC (10) | 1.31 | BUY |
| Momentum (10) | 0.69 | BUY |
| EMA (10) | 53.27 | BUY |
| SMA (10) | 53.35 | BUY |
| EMA (20) | 52.99 | BUY |
| SMA (20) | 52.72 | BUY |
| EMA (30) | 52.91 | BUY |
| SMA (30) | 52.53 | BUY |
| EMA (50) | 52.95 | BUY |
| SMA (50) | 52.93 | BUY |
| EMA (100) | 52.95 | BUY |
| SMA (100) | 53.28 | BUY |
| EMA (200) | 52.44 | BUY |
| SMA (200) | 52.60 | BUY |
About BNY Mellon Concentrated International ETF
The fund normally invests primarily in equity securities of foreign companies located in developed markets, excluding the U.S. The adviser considers "developed markets" to be countries included in the Morgan Stanley Capital International (MSCI) Europe, Australasia and Far East (EAFE®) Index and Canada. The fund may invest in equity securities of companies of any market capitalization. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 43 |
| 🕐 1H | NEUTRAL | 16 |
| ⏱ 15-Min | BULLISH | 67 |
| ⏲ 5-Min | BEARISH | 203 |
Momentum & Volume
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.
Peer Movement
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.
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.
Insider Activity (90d)
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
COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE
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 2026-10-20 · Asset managers net 901377 (-14458)
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.