Verdicts genuinely change. Free email alert the moment CLOU'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.
Global X Cloud Computing ETF ETF · GLOBAL X FUNDS
39 holdings · as of 2026-05-31 (4.5 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 24.17% of portfolio weight is in non-compliant holdings, over the 5% threshold.
39 holdings, 35 matched (96% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
2.72% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (32 of 39 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.
66.5% compliant 5.3% questionable 24.1% non-compliant 4.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SNOW SNOWFLAKE INC. | COMPLIANT | 6.34% | AAOIFI0.4% Usmani5.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic5.5% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| DDOG DATADOG, INC. | NON_COMPLIANT | 6.34% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| DOCN DigitalOcean Holdings, Inc. | COMPLIANT | 5.48% | AAOIFI9.5% Usmani58.0% Dow Jones Islamic23.7% S&P Shariah28.5% MSCI Islamic44.8% MSCI Islamic M-Series28.5% FTSE Shariah29.5% |
| AKAM AKAMAI TECHNOLOGIES, INC. | NON_COMPLIANT | 4.92% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NOW SERVICENOW, INC. | COMPLIANT | 4.77% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| TWLO TWILIO INC. | COMPLIANT | 4.36% | AAOIFI3.1% Usmani9.8% Dow Jones Islamic5.4% S&P Shariah6.4% MSCI Islamic9.8% MSCI Islamic M-Series6.4% FTSE Shariah9.2% |
| WDAY WORKDAY, INC. | COMPLIANT | 4.05% | AAOIFI8.4% Usmani23.8% Dow Jones Islamic8.1% S&P Shariah7.7% MSCI Islamic23.8% MSCI Islamic M-Series7.7% FTSE Shariah18.8% |
| NET CLOUDFLARE, INC. | NON_COMPLIANT | 4.00% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| PAYC PAYCOM SOFTWARE, INC. | COMPLIANT | 3.73% | AAOIFI10.1% Usmani18.9% Dow Jones Islamic9.5% S&P Shariah9.3% MSCI Islamic18.9% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| CRM SALESFORCE, INC. | COMPLIANT | 3.67% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ZS ZSCALER, INC. | COMPLIANT | 3.62% | AAOIFI7.7% Usmani23.6% Dow Jones Islamic5.6% S&P Shariah5.9% MSCI Islamic23.6% MSCI Islamic M-Series5.9% FTSE Shariah21.6% |
| ZM ZOOM COMMUNICATIONS, INC. | COMPLIANT | 3.54% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.4% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| HUBS HUBSPOT, INC. | COMPLIANT | 3.37% | AAOIFI5.0% Usmani17.3% Dow Jones Islamic2.6% S&P Shariah2.4% MSCI Islamic17.3% MSCI Islamic M-Series2.4% FTSE Shariah10.5% |
| SHOP SHOPIFY INC. | COMPLIANT | 3.32% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| DLR DIGITAL REALTY TRUST, INC. | COMPLIANT | 3.20% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DBX DROPBOX, INC. | NON_COMPLIANT | 3.13% | AAOIFI5.2% Usmani23.9% Dow Jones Islamic6.1% S&P Shariah6.3% MSCI Islamic13.8% MSCI Islamic M-Series6.3% FTSE Shariah0.0% |
| PCOR Procore Technologies Inc | COMPLIANT | 2.96% | AAOIFI0.8% Usmani3.0% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic3.0% MSCI Islamic M-Series0.7% FTSE Shariah0.0% |
| QLYS Qualys Inc | COMPLIANT | 2.78% | AAOIFI0.9% Usmani5.0% Dow Jones Islamic1.1% S&P Shariah1.0% MSCI Islamic5.0% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| BOX BOX, INC. | COMPLIANT | 2.66% | AAOIFI11.2% Usmani37.4% Dow Jones Islamic12.1% S&P Shariah12.6% MSCI Islamic37.4% MSCI Islamic M-Series12.6% FTSE Shariah32.2% |
| SINCH.ST Sinch AB (publ) | COMPLIANT | 2.36% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| WIX.COM LTD | UNSCREENED | 2.20% | no in-house ratios for this holding |
| VNET VNET Group, Inc. | NON_COMPLIANT | 2.01% | AAOIFI474.9% Usmani27.1% Dow Jones Islamic10.9% S&P Shariah14.2% MSCI Islamic22.7% MSCI Islamic M-Series14.2% FTSE Shariah11.5% |
| FSLY FASTLY, INC. | COMPLIANT | 1.98% | AAOIFI11.6% Usmani26.5% Dow Jones Islamic21.9% S&P Shariah21.9% MSCI Islamic26.5% MSCI Islamic M-Series21.9% FTSE Shariah21.5% |
| WK WORKIVA INC. | NON_COMPLIANT | 1.88% | AAOIFI0.3% Usmani1.8% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic0.8% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| MSFT MICROSOFT CORPORATION | QUESTIONABLE | 1.87% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| AMZN AMAZON.COM, INC. | QUESTIONABLE | 1.73% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| FRSH Freshworks Inc | COMPLIANT | 1.69% | AAOIFI1.0% Usmani2.3% Dow Jones Islamic1.0% S&P Shariah0.9% MSCI Islamic2.3% MSCI Islamic M-Series0.9% FTSE Shariah0.0% |
| GOOG ALPHABET INC. | QUESTIONABLE | 1.67% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| SPSC SPS COMMERCE, INC. | COMPLIANT | 1.50% | AAOIFI0.2% Usmani0.6% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.6% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| FIVE9, INC. | UNSCREENED | 1.33% | no in-house ratios for this holding |
| AI C3.AI, INC. | NON_COMPLIANT | 1.09% | AAOIFI3.5% Usmani6.7% Dow Jones Islamic2.0% S&P Shariah1.8% MSCI Islamic6.7% MSCI Islamic M-Series1.8% FTSE Shariah0.0% |
| ORCL ORACLE CORPORATION | NON_COMPLIANT | 0.60% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| Yext Inc | UNSCREENED | 0.36% | no in-house ratios for this holding |
| IBM INTERNATIONAL BUSINESS MACHINES CORPORATION | COMPLIANT | 0.32% | AAOIFI29.5% Usmani42.9% Dow Jones Islamic28.2% S&P Shariah32.2% MSCI Islamic42.9% MSCI Islamic M-Series32.2% FTSE Shariah40.8% |
| PUBM PUBMATIC, INC. | COMPLIANT | 0.31% | AAOIFI5.4% Usmani5.8% Dow Jones Islamic7.7% S&P Shariah6.5% MSCI Islamic5.8% MSCI Islamic M-Series6.5% FTSE Shariah0.0% |
| BABA Alibaba Group Holding Limited | COMPLIANT | 0.28% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 4716.T ORACLE CORPORATION JAPAN | COMPLIANT | 0.25% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamic— MSCI Islamic M-Seriespass FTSE Shariah— |
| KC KINGSOFT CLOUD HOLDINGS LIMITED | NON_COMPLIANT | 0.20% | AAOIFI188.2% Usmani38.5% Dow Jones Islamic1.9% S&P Shariah2.5% MSCI Islamic24.2% MSCI Islamic M-Series2.5% FTSE Shariah23.8% |
| FIDELITY COLCHESTER STR TR MONEY MKT GOV PORT | UNSCREENED | 0.19% | no in-house ratios for this holding |
The published standards disagree about this fund by 34 points of portfolio weight — 64.4% of it passes Dow Jones Islamic, 30.8% 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 64.3% ratios fail on 18.1% 17.8% not rated under AAOIFI
ratios pass on 45.7% ratios fail on 32.4% 22.0% not rated under Usmani
ratios pass on 64.4% ratios fail on 17.6% 18.0% not rated under Dow Jones Islamic
ratios pass on 63.8% ratios fail on 18.2% 18.0% not rated under S&P Shariah
ratios pass on 30.8% ratios fail on 45.7% 23.7% not rated under MSCI Islamic
ratios pass on 63.8% ratios fail on 18.2% 18.0% not rated under MSCI Islamic M-Series
ratios pass on 53.7% ratios fail on 24.3% 22.0% not rated under FTSE Shariah
35 of 39 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, 31 (85% 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.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Global X Cloud Computing ETF (CLOU) 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.
Computing the full ratio and business-activity breakdown for CLOU — 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.
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) | 55.00 | NEUTRAL |
| Stochastic %K (14) | 57.93 | NEUTRAL |
| CCI (20) | 73.99 | NEUTRAL |
| Williams %R (14) | -42.07 | NEUTRAL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 2.56 | BUY |
| Momentum (10) | 0.73 | BUY |
| EMA (10) | 29.26 | BUY |
| SMA (10) | 29.27 | BUY |
| EMA (20) | 28.92 | BUY |
| SMA (20) | 28.89 | BUY |
| EMA (30) | 28.59 | BUY |
| SMA (30) | 28.50 | BUY |
| EMA (50) | 27.88 | BUY |
| SMA (50) | 28.26 | BUY |
| EMA (100) | 26.32 | BUY |
| SMA (100) | 25.90 | BUY |
| EMA (200) | 24.46 | BUY |
| SMA (200) | 23.16 | BUY |
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of cloud computing technology. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 | 41 |
| ⏰ 4H | RANGING | 31 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
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.
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.
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.
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
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 2026-10-06 · Asset managers net 906615 (+2612)
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.