Verdicts genuinely change. Free email alert the moment DEDCX'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.
Nomura Emerging Markets Debt Corporate Fund · Delaware Group Government Fund
148 holdings
NON-COMPLIANT At least 18.06% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 75% turns out to be. Matching more holdings can only raise this share, never lower it.
148 holdings, 37 matched (24% of weight). Portfolio as of 2026-07-31, filed 2026-09-24. Source: SEC Form N-PORT.
7.92% of this portfolio’s income is non-permissible — weighted across holdings, computed over 19% of portfolio weight (30 of 148 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 |
|---|---|---|---|
| ICL ICL GROUP LTD | UNRATED | 1.36% | AAOIFI11.7% Usmani18.7% Dow Jones Islamic32.4% S&P Shariah34.7% MSCI Islamic18.7% MSCI Islamic M-Series34.7% FTSE Shariah18.7% |
| O39.SI OVERSEA-CHINESE BANKING CORP LTD | NON_COMPLIANT | 1.24% | AAOIFI21.2% Usmani4.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.5% MSCI Islamic M-Seriesfail FTSE Shariah4.5% |
| AVILEASE CAPITAL LTD | UNSCREENED | 1.04% | no in-house ratios for this holding |
| VEDANTA RESOURCES FINANCE II PLC | UNSCREENED | 1.04% | no in-house ratios for this holding |
| PROMIGAS SA/GASES DEL PACIFICO SAC/PROMIGAS PERU SAC/GASES DEL NORTE DEL PERU SAC | UNSCREENED | 0.99% | no in-house ratios for this holding |
| DIGICEL INTERNATIONAL FINANCE LTD | UNSCREENED | 0.97% | no in-house ratios for this holding |
| ICICIBANK.NS ICICI BANK LTD | NON_COMPLIANT | 0.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GC TREASURY CENTER COMPANY LTD | UNSCREENED | 0.94% | no in-house ratios for this holding |
| NOVA SECURITISATION SARL | UNSCREENED | 0.94% | no in-house ratios for this holding |
| NANSHAN LIFE PTE LTD | UNSCREENED | 0.94% | no in-house ratios for this holding |
| IHS IHS HOLDING LTD (NEW) | NON_COMPLIANT | 0.93% | AAOIFI110.0% Usmani69.9% Dow Jones Islamic153.7% S&P Shariah174.6% MSCI Islamic69.9% MSCI Islamic M-Series174.6% FTSE Shariah69.9% |
| KINGSTON AIRPORT REVENUE FINANCE LTD | UNSCREENED | 0.93% | no in-house ratios for this holding |
| BANK OF GEORGIA JSC | UNSCREENED | 0.90% | no in-house ratios for this holding |
| GARANTI BBVA | UNSCREENED | 0.89% | no in-house ratios for this holding |
| BANK MUSCAT SAOG | UNSCREENED | 0.88% | no in-house ratios for this holding |
| CBQ FINANCE LTD | UNSCREENED | 0.88% | no in-house ratios for this holding |
| LD CELULOSE INTERNATIONAL GMBH | UNSCREENED | 0.86% | no in-house ratios for this holding |
| AKBNK.IS AKBANK TAS | NON_COMPLIANT | 0.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CGE TREASURY IFSC PRIVATE LTD | UNSCREENED | 0.85% | no in-house ratios for this holding |
| PETROBRAS GLOBAL FINANCE BV | UNSCREENED | 0.84% | no in-house ratios for this holding |
| ICBP.JK INDOFOOD CBP SUKSES MAKMUR TBK PT | NON_COMPLIANT | 0.84% | AAOIFI58.8% Usmani35.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic35.0% MSCI Islamic M-Seriesfail FTSE Shariah35.0% |
| CHILE ELECTRICITY LUX MPC SARL | UNSCREENED | 0.84% | no in-house ratios for this holding |
| LTM.SN LATAM AIRLINES GROUP SA | NON_COMPLIANT | 0.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOOKMIN BANK CO LTD | UNSCREENED | 0.84% | no in-house ratios for this holding |
| DHAFRAH PV2 ENERGY COMPANY LLC | UNSCREENED | 0.84% | no in-house ratios for this holding |
| BLACKROCK LIQUIDITY FUNDS | UNSCREENED | 0.83% | no in-house ratios for this holding |
| Goldman Sachs Trust | UNSCREENED | 0.83% | no in-house ratios for this holding |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | UNSCREENED | 0.83% | no in-house ratios for this holding |
| FIDELITY COLCHESTER STREET TRUST | UNSCREENED | 0.83% | no in-house ratios for this holding |
| GREEN PALM BIDCO SARL | UNSCREENED | 0.83% | no in-house ratios for this holding |
| ENERGUATE TRUST 2.0 | UNSCREENED | 0.82% | no in-house ratios for this holding |
| MUTHOOTFIN.NS MUTHOOT FINANCE LTD | NON_COMPLIANT | 0.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MELCO RESORTS FINANCE LTD | UNSCREENED | 0.80% | no in-house ratios for this holding |
| TSMC ARIZONA CORP | UNSCREENED | 0.80% | no in-house ratios for this holding |
| 1128.HK WYNN MACAU LTD | NON_COMPLIANT | 0.80% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COX ASSET MEXICO SA DE CV | UNSCREENED | 0.79% | no in-house ratios for this holding |
| AEROPUERTOS ARGENTINA 2000 SA | UNSCREENED | 0.79% | no in-house ratios for this holding |
| ADANI RENEWABLE ENERGY (RJ) LTD | UNSCREENED | 0.79% | no in-house ratios for this holding |
| MHP LUX SA | UNSCREENED | 0.79% | no in-house ratios for this holding |
| COSH.OL CONSTELLATION OIL SERVICES HOLDING SA | NON_COMPLIANT | 0.78% | AAOIFI64.4% Usmani37.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic30.5% MSCI Islamic M-Seriesfail FTSE Shariah30.5% |
| PHILIPPINES, REPUBLIC OF - DEPARTMENT OF FINANCE | UNSCREENED | 0.78% | no in-house ratios for this holding |
| GENERADORA DE GATUN SA | UNSCREENED | 0.78% | no in-house ratios for this holding |
| INRETAIL SHOPPING MALLS | UNSCREENED | 0.78% | no in-house ratios for this holding |
| MARCOBRE SAC | UNSCREENED | 0.78% | no in-house ratios for this holding |
| CIKARANG LISTRINDO TBK PT | UNSCREENED | 0.77% | no in-house ratios for this holding |
| SIERRACOL ENERGY ANDINA LLC / SIERRACOL ENERGY ARAUCA LLC / COLOMBIA ENERGY DEVELOPMENT CO. | UNSCREENED | 0.77% | no in-house ratios for this holding |
| AAL.L ANGLO AMERICAN PLC | COMPLIANT | 0.77% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PKN.WA ORLEN SA | COMPLIANT | 0.77% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PLUSPETROL SA | UNSCREENED | 0.76% | no in-house ratios for this holding |
| AFRICA FINANCE CORP | UNSCREENED | 0.76% | no in-house ratios for this holding |
| TBC BANK JSC | UNSCREENED | 0.76% | no in-house ratios for this holding |
| GRUPO NUTRESA SA | UNSCREENED | 0.75% | no in-house ratios for this holding |
| VEON MIDCO BV | UNSCREENED | 0.75% | no in-house ratios for this holding |
| TGS TRANSPORTADORA DE GAS DEL SUR SA | NON_COMPLIANT | 0.75% | AAOIFI25.8% Usmani31.7% Dow Jones Islamic11.6% S&P Shariah13.7% MSCI Islamic31.5% MSCI Islamic M-Series13.7% FTSE Shariah31.5% |
| VOLCAN COMPANIA MINERA SA | UNSCREENED | 0.75% | no in-house ratios for this holding |
| TEO TELECOM ARGENTINA SA | NON_COMPLIANT | 0.74% | AAOIFI64.8% Usmani37.4% Dow Jones Islamic315735.4% S&P Shariah360734.1% MSCI Islamic35.0% MSCI Islamic M-Series360734.1% FTSE Shariah35.0% |
| YKBNK.IS YAPI VE KREDI BANKASI AS | NON_COMPLIANT | 0.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CELESTIAL DYNASTY LTD | UNSCREENED | 0.74% | no in-house ratios for this holding |
| AZULE ENERGY FINANCE PLC | UNSCREENED | 0.74% | no in-house ratios for this holding |
| SORIK MARAPI GEOTHERMAL POWER PT | UNSCREENED | 0.73% | no in-house ratios for this holding |
| BANCO NACIONAL DE MEXICO SA | UNSCREENED | 0.73% | no in-house ratios for this holding |
| BANCO NACIONAL DE PANAMA | UNSCREENED | 0.73% | no in-house ratios for this holding |
| KOREA HYDRO & NUCLEAR POWER COMPANY LTD | UNSCREENED | 0.72% | no in-house ratios for this holding |
| EMBRAER NETHERLANDS FINANCE BV | UNSCREENED | 0.72% | no in-house ratios for this holding |
| ESENTIAII.MX ESENTIA ENERGY DEVELOPMENT SAB DE CV | NON_COMPLIANT | 0.71% | AAOIFI128.1% Usmani65.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic65.7% MSCI Islamic M-Seriesfail FTSE Shariah65.7% |
| CORPORACION ANDINA DE FOMENTO | UNSCREENED | 0.71% | no in-house ratios for this holding |
| BANK HAPOALIM LTD | UNSCREENED | 0.71% | no in-house ratios for this holding |
| KASPI.KZ JSC | UNSCREENED | 0.71% | no in-house ratios for this holding |
| PFDAVVNDA.CL BANCO DAVIVIENDA SA | NON_COMPLIANT | 0.71% | AAOIFI238.7% Usmani13.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic13.1% MSCI Islamic M-Seriesfail FTSE Shariah13.1% |
| 2222.SR SAUDI ARABIAN OIL COMPANY | COMPLIANT | 0.70% | AAOIFI5.8% Usmani16.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic14.2% MSCI Islamic M-Seriespass FTSE Shariah14.2% |
| OFFICE CHERIFIEN DES PHOSPHATES SA | UNSCREENED | 0.70% | no in-house ratios for this holding |
| FIDEICOMISO IRREVOCABLE 1721 BANCO ACTINVER SA | UNSCREENED | 0.69% | no in-house ratios for this holding |
| BIDVEST GROUP (UK) PLC (THE) | UNSCREENED | 0.69% | no in-house ratios for this holding |
| HYUNDAI CAPITAL SERVICES INC | UNSCREENED | 0.69% | no in-house ratios for this holding |
| MOBILIARE LATAM SA / MOBILIARE LATAM MEXICO SA DE CV | UNSCREENED | 0.69% | no in-house ratios for this holding |
| SIBANYE-STILLWATER UK FINANCING PLC | UNSCREENED | 0.68% | no in-house ratios for this holding |
| FIDEICOMISO DE INVERSION EN ENERGIA MEXICO | UNSCREENED | 0.68% | no in-house ratios for this holding |
| IRY.F IRSA INVERSIONES Y REPRESENTACIONES SA | NON_COMPLIANT | 0.68% | AAOIFI49.3% Usmani21.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic21.1% MSCI Islamic M-Seriesfail FTSE Shariah21.1% |
| ECOPETROL.CL ECOPETROL SA | NON_COMPLIANT | 0.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SABLE INTERNATIONAL FINANCE LTD | UNSCREENED | 0.68% | no in-house ratios for this holding |
| GALAXY PIPELINE ASSETS BIDCO LTD | UNSCREENED | 0.68% | no in-house ratios for this holding |
| TELEKOM SRBIJA AD | UNSCREENED | 0.66% | no in-house ratios for this holding |
| FM.TO FIRST QUANTUM MINERALS LTD | COMPLIANT | 0.66% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| NEXT PROPERTIES (TRUST 2401) | UNSCREENED | 0.66% | no in-house ratios for this holding |
| TCELL.IS TURKCELL ILETISIM HIZMETLERI AS | NON_COMPLIANT | 0.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JAPFA PTE LTD | UNSCREENED | 0.65% | no in-house ratios for this holding |
| SNB FUNDING LTD | UNSCREENED | 0.64% | no in-house ratios for this holding |
| NATIONAL COMPANY KAZAKHSTAN TEMIR ZHOLY JSC | UNSCREENED | 0.64% | no in-house ratios for this holding |
| HTA GROUP LTD | UNSCREENED | 0.64% | no in-house ratios for this holding |
| MV24 CAPITAL BV | UNSCREENED | 0.64% | no in-house ratios for this holding |
| DEVELOPMENT BANK OF MONGOLIA LLC | UNSCREENED | 0.64% | no in-house ratios for this holding |
| GDZ ELEKTRIK DAGITIM AS | UNSCREENED | 0.64% | no in-house ratios for this holding |
| BANK LEUMI LE - ISRAEL BM | UNSCREENED | 0.64% | no in-house ratios for this holding |
| SASOL FINANCING USA LLC | UNSCREENED | 0.63% | no in-house ratios for this holding |
| PRIO LUXEMBOURG HOLDING SARL | UNSCREENED | 0.63% | no in-house ratios for this holding |
| MONG DUONG FINANCE HOLDINGS BV | UNSCREENED | 0.63% | no in-house ratios for this holding |
| UENO BANK SA | UNSCREENED | 0.63% | no in-house ratios for this holding |
| INTERNATIONAL CONTAINER TERMINAL SERVICES INC | UNSCREENED | 0.61% | no in-house ratios for this holding |
| GREENSAIF PIPELINES BIDCO SARL | UNSCREENED | 0.61% | no in-house ratios for this holding |
| ALDAR PROPERTIES PJSC | UNSCREENED | 0.61% | no in-house ratios for this holding |
| OFFICE CHERIFIEN DES PHOSPHATES SA | UNSCREENED | 0.60% | no in-house ratios for this holding |
| QNB BANK AS | UNSCREENED | 0.60% | no in-house ratios for this holding |
| AZUL SECURED FINANCE LLP | UNSCREENED | 0.60% | no in-house ratios for this holding |
| MLCMF MILLICOM INTERNATIONAL CELLULAR SA | NON_COMPLIANT | 0.60% | AAOIFI43.3% Usmani39.9% Dow Jones Islamic149.5% S&P Shariah184.8% MSCI Islamic39.9% MSCI Islamic M-Series184.8% FTSE Shariah39.9% |
| AL RAJHI SUKUK LTD | UNSCREENED | 0.59% | no in-house ratios for this holding |
| SHINHAN BANK CO LTD | UNSCREENED | 0.59% | no in-house ratios for this holding |
| BANGKOK BANK PCL HONG KONG BRANCH | UNSCREENED | 0.59% | no in-house ratios for this holding |
| BANGKOK BANK PCL HONG KONG BRANCH | UNSCREENED | 0.58% | no in-house ratios for this holding |
| BIMBO BAKERIES USA INC | UNSCREENED | 0.58% | no in-house ratios for this holding |
| DILIJAN FINANCE BV | UNSCREENED | 0.58% | no in-house ratios for this holding |
| ACCESS HOLDINGS PLC | UNSCREENED | 0.58% | no in-house ratios for this holding |
| ABU DHABI CRUDE OIL PIPELINE LLC | UNSCREENED | 0.57% | no in-house ratios for this holding |
| GRUPO AEROMEXICO SAB DE CV | UNSCREENED | 0.57% | no in-house ratios for this holding |
| ANGLOGOLD ASHANTI HOLDINGS PLC | UNSCREENED | 0.57% | no in-house ratios for this holding |
| ESENTIAII.MX ESENTIA ENERGY DEVELOPMENT SAB DE CV | NON_COMPLIANT | 0.56% | AAOIFI128.1% Usmani65.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic65.7% MSCI Islamic M-Seriesfail FTSE Shariah65.7% |
| GEORGIA GLOBAL UTILITIES JSC | UNSCREENED | 0.56% | no in-house ratios for this holding |
| RAIZEN FUELS FINANCE SA | UNSCREENED | 0.56% | no in-house ratios for this holding |
| ISRAEL ELECTRIC CORP LTD | UNSCREENED | 0.56% | no in-house ratios for this holding |
| STAN.L STANDARD CHARTERED PLC | NON_COMPLIANT | 0.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MFB HUNGARIAN DEVELOPMENT BANK PRIVATE LTD | UNSCREENED | 0.54% | no in-house ratios for this holding |
| AXIAN TELECOM HOLDING AND MANAGEMENT PLC | UNSCREENED | 0.53% | no in-house ratios for this holding |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 0.52% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 1828.HK FWD GROUP HOLDINGS LTD | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FM.TO FIRST QUANTUM MINERALS LTD | COMPLIANT | 0.50% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| COMISION FEDERAL DE ELECTRICIDAD | UNSCREENED | 0.49% | no in-house ratios for this holding |
| BBVA MEXICO SA TEXAS BRANCH | UNSCREENED | 0.47% | no in-house ratios for this holding |
| ADANIPORTS.NS ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD | COMPLIANT | 0.47% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 1928.HK SANDS CHINA LTD | NON_COMPLIANT | 0.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FREEPORT INDONESIA PT | UNSCREENED | 0.45% | no in-house ratios for this holding |
| 1299.HK AIA GROUP LTD | NON_COMPLIANT | 0.43% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADANI ELECTRICITY MUMBAI LTD | UNSCREENED | 0.43% | no in-house ratios for this holding |
| MISC CAPITAL TWO (LABUAN) LTD | UNSCREENED | 0.43% | no in-house ratios for this holding |
| ECUADOR, REPUBLICA DEL - MINISTERIO DE FINANZAS Y CREDITO PUBLICO | UNSCREENED | 0.42% | no in-house ratios for this holding |
| AFRICAN DEVELOPMENT BANK | UNSCREENED | 0.41% | no in-house ratios for this holding |
| VEON MIDCO BV | UNSCREENED | 0.41% | no in-house ratios for this holding |
| SWEIHAN PV POWER COMPANY | UNSCREENED | 0.40% | no in-house ratios for this holding |
| 1828.HK FWD GROUP HOLDINGS LTD | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1928.HK SANDS CHINA LTD | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RAIZEN FUELS FINANCE SA | UNSCREENED | 0.39% | no in-house ratios for this holding |
| HTA GROUP LTD | UNSCREENED | 0.34% | no in-house ratios for this holding |
| STAN.L STANDARD CHARTERED PLC | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TSMC GLOBAL LTD | UNSCREENED | 0.34% | no in-house ratios for this holding |
| AFRICAN DEVELOPMENT BANK | UNSCREENED | 0.33% | no in-house ratios for this holding |
| NBK SPC LTD | UNSCREENED | 0.28% | no in-house ratios for this holding |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 0.24% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| 1918.HK SUNAC CHINA HOLDINGS LTD | NON_COMPLIANT | 0.11% | AAOIFI1661.5% Usmani23.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.8% MSCI Islamic M-Seriesfail FTSE Shariah23.8% |
| FUTURE RETAIL LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| AERO.MX Grupo Aeromexico | NON_COMPLIANT | 0.00% | AAOIFI182.1% Usmani97.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic56.4% MSCI Islamic M-Seriesfail FTSE Shariah56.4% |
The published standards disagree about this fund by 4 points of portfolio weight — 6.0% of it passes AAOIFI, 1.9% passes Dow Jones 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 6.0% ratios fail on 18.1% 75.5% not rated under AAOIFI
ratios pass on 5.5% ratios fail on 17.7% 76.3% not rated under Usmani
ratios pass on 1.9% ratios fail on 20.0% 77.6% not rated under Dow Jones Islamic
ratios pass on 1.9% ratios fail on 21.4% 76.3% not rated under S&P Shariah
ratios pass on 5.0% ratios fail on 17.0% 77.6% not rated under MSCI Islamic
ratios pass on 1.9% ratios fail on 21.4% 76.3% not rated under MSCI Islamic M-Series
ratios pass on 5.0% ratios fail on 17.0% 77.6% not rated under FTSE Shariah
31 of 148 listed holdings carry our own per-methodology verdicts (24% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 16 (13% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| O39.SI OVERSEA-CHINESE BANKING CORP LTD | 1.24% |
| ICICIBANK.NS ICICI BANK LTD | 0.96% |
| IHS IHS HOLDING LTD (NEW) | 0.93% |
| AKBNK.IS AKBANK TAS | 0.85% |
| ICBP.JK INDOFOOD CBP SUKSES MAKMUR TBK PT | 0.84% |
| LTM.SN LATAM AIRLINES GROUP SA | 0.84% |
| MUTHOOTFIN.NS MUTHOOT FINANCE LTD | 0.82% |
| 1128.HK WYNN MACAU LTD | 0.80% |
| COSH.OL CONSTELLATION OIL SERVICES HOLDING SA | 0.78% |
| TGS TRANSPORTADORA DE GAS DEL SUR SA | 0.75% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Nomura Emerging Markets Debt Corporate Fund (DEDCX) 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 |
|---|---|---|
| ICLICL GROUP LTD | 1.36% | Screened, not rated |
| O39.SIOVERSEA-CHINESE BANKING CORP LTD | 1.24% | Non-compliant |
| AVILEASE CAPITAL LTDnot matched to a ticker | 1.04% | Not screened |
| VEDANTA RESOURCES FINANCE II PLCnot matched to a ticker | 1.04% | Not screened |
| PROMIGAS SA/GASES DEL PACIFICO SAC/PROMIGAS PERU SAC/GASES DEL NORTE DEL PERU SACnot matched to a ticker | 0.99% | Not screened |
| DIGICEL INTERNATIONAL FINANCE LTDnot matched to a ticker | 0.97% | Not screened |
| ICICIBANK.NSICICI BANK LTD | 0.96% | Non-compliant |
| GC TREASURY CENTER COMPANY LTDnot matched to a ticker | 0.94% | Not screened |
| NOVA SECURITISATION SARLnot matched to a ticker | 0.94% | Not screened |
| NANSHAN LIFE PTE LTDnot matched to a ticker | 0.94% | Not screened |
Top 10 of 148 holdings, 10.4% 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 DEDCX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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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) | 32.20 | NEUTRAL |
| Stochastic %K (14) | 30.77 | NEUTRAL |
| CCI (20) | -45.23 | NEUTRAL |
| Williams %R (14) | -69.23 | NEUTRAL |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | -0.13 | SELL |
| Momentum (10) | -0.01 | SELL |
| EMA (10) | 7.53 | SELL |
| SMA (10) | 7.52 | BUY |
| EMA (20) | 7.56 | SELL |
| SMA (20) | 7.56 | SELL |
| EMA (30) | 7.58 | SELL |
| SMA (30) | 7.60 | SELL |
| EMA (50) | 7.61 | SELL |
| SMA (50) | 7.64 | SELL |
| EMA (100) | 7.63 | SELL |
| SMA (100) | 7.66 | SELL |
| EMA (200) | 7.63 | SELL |
| SMA (200) | 7.65 | 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.