Verdicts genuinely change. Free email alert the moment CPVCX'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.
abrdn International Small Cap Fund · abrdn Funds
43 holdings
NON-COMPLIANT At least 15.22% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 31% turns out to be. Matching more holdings can only raise this share, never lower it.
43 holdings, 29 matched (69% of weight). Portfolio as of 2025-07-31, filed 2025-09-25. Source: SEC Form N-PORT.
1.86% of this portfolio’s income is non-permissible — weighted across holdings, computed over 68% of portfolio weight (28 of 43 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| GTT.PA Gaztransport Et Technigaz SA | COMPLIANT | 4.82% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Japan Elevator Service Holdings Co Ltd | UNSCREENED | 4.70% | no in-house ratios for this holding |
| EVD.DE CTS Eventim AG & Co KGaA | COMPLIANT | 4.53% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| iShares MSCI India Small-Cap ETF | UNSCREENED | 4.41% | no in-house ratios for this holding |
| DNP.WA Dino Polska SA | COMPLIANT | 4.11% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| DPLM.L Diploma PLC | COMPLIANT | 3.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 7936.T Asics Corp | COMPLIANT | 3.58% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6532.T BayCurrent Inc | COMPLIANT | 3.29% | AAOIFI0.6% Usmani8.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.2% MSCI Islamic M-Seriespass FTSE Shariah4.2% |
| Alpha Group International PLC | UNSCREENED | 3.23% | no in-house ratios for this holding |
| GAW.L Games Workshop Group PLC | COMPLIANT | 3.17% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ICG.L ICG PLC | NON_COMPLIANT | 2.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2383.TW Elite Material Co Ltd | COMPLIANT | 2.70% | AAOIFI1.0% Usmani19.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.6% MSCI Islamic M-Series— FTSE Shariah18.6% |
| IPAR Interparfums SA | COMPLIANT | 2.68% | AAOIFI4.3% Usmani10.9% Dow Jones Islamic4.6% S&P Shariah4.5% MSCI Islamic10.9% MSCI Islamic M-Series4.5% FTSE Shariah9.6% |
| JUN3.DU Jungheinrich AG | NON_COMPLIANT | 2.61% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GAMA.L Gamma Communications PLC | COMPLIANT | 2.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5929.T Sanwa Holdings Corp | COMPLIANT | 2.42% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALQ.AX ALS Ltd | COMPLIANT | 2.41% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ADDT-B.ST AddTech AB | COMPLIANT | 2.37% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| FN Fabrinet | COMPLIANT | 2.35% | AAOIFI0.0% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 7164.T Zenkoku Hosho Co Ltd | NON_COMPLIANT | 2.31% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FPT Corp | UNSCREENED | 2.23% | no in-house ratios for this holding |
| Regional SAB de CV | UNSCREENED | 2.20% | no in-house ratios for this holding |
| SHO-BOND Holdings Co Ltd | UNSCREENED | 2.17% | no in-house ratios for this holding |
| CIE.MC CIE Automotive SA | NON_COMPLIANT | 2.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| State Street Global Advisors | UNSCREENED | 2.11% | no in-house ratios for this holding |
| SDF.AX Steadfast Group Ltd | NON_COMPLIANT | 2.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NVMI Nova Ltd | UNRATED | 2.00% | AAOIFI6.8% Usmani33.9% Dow Jones Islamic8.7% S&P Shariah10.3% MSCI Islamic33.9% MSCI Islamic M-Series10.3% FTSE Shariah31.0% |
| Sinbon Electronics Co Ltd | UNSCREENED | 1.75% | no in-house ratios for this holding |
| Makalot Industrial Co Ltd | UNSCREENED | 1.71% | no in-house ratios for this holding |
| BRG.OL Borregaard ASA | COMPLIANT | 1.60% | AAOIFI13.0% Usmani22.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic22.6% MSCI Islamic M-Seriespass FTSE Shariah22.6% |
| HILS.L Hill & Smith PLC | COMPLIANT | 1.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CyberArk Software Ltd | UNSCREENED | 1.44% | no in-house ratios for this holding |
| State Street Global Advisors | UNSCREENED | 1.39% | no in-house ratios for this holding |
| Chroma ATE Inc | UNSCREENED | 1.35% | no in-house ratios for this holding |
| IP.MI Interpump Group SpA | COMPLIANT | 1.22% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| FBK.MI FinecoBank Banca Fineco SpA | NON_COMPLIANT | 1.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RAA.DE Rational AG | COMPLIANT | 1.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BC.MI Brunello Cucinelli SpA | COMPLIANT | 1.02% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| R3NK.F RENK Group AG | NON_COMPLIANT | 0.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CHG.L Chemring Group PLC | NON_COMPLIANT | 0.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Johns Lyng Group Ltd | UNSCREENED | 0.94% | no in-house ratios for this holding |
| Nihon M&A Center Holdings Inc | UNSCREENED | 0.91% | no in-house ratios for this holding |
| SWEC-B.ST Sweco AB | COMPLIANT | 0.84% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
The published standards disagree about this fund by 33 points of portfolio weight — 54.1% of it passes AAOIFI, 21.0% 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 54.1% ratios fail on 15.2% 30.5% not rated under AAOIFI
ratios pass on 31.2% ratios fail on 38.1% 30.5% not rated under Usmani
ratios pass on 54.0% ratios fail on 12.6% 33.2% not rated under Dow Jones Islamic
ratios pass on 54.0% ratios fail on 12.6% 33.2% not rated under S&P Shariah
ratios pass on 21.0% ratios fail on 48.3% 30.5% not rated under MSCI Islamic
ratios pass on 51.4% ratios fail on 15.2% 33.2% not rated under MSCI Islamic M-Series
ratios pass on 36.1% ratios fail on 33.1% 30.5% not rated under FTSE Shariah
29 of 43 listed holdings carry our own per-methodology verdicts (69% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 6 (15% 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.
abrdn International Small Cap Fund (CPVCX) 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 |
|---|---|---|
| GTT.PAGaztransport Et Technigaz SA | 4.82% | Compliant |
| Japan Elevator Service Holdings Co Ltdnot matched to a ticker | 4.70% | Not screened |
| EVD.DECTS Eventim AG & Co KGaA | 4.53% | Compliant |
| iShares MSCI India Small-Cap ETFnot matched to a ticker | 4.41% | Not screened |
| DNP.WADino Polska SA | 4.11% | Compliant |
| DPLM.LDiploma PLC | 3.86% | Compliant |
| 7936.TAsics Corp | 3.58% | Compliant |
| 6532.TBayCurrent Inc | 3.29% | Compliant |
| Alpha Group International PLCnot matched to a ticker | 3.23% | Not screened |
| GAW.LGames Workshop Group PLC | 3.17% | Compliant |
Top 10 of 43 holdings, 39.7% 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 CPVCX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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.