Verdicts genuinely change. Free email alert the moment EBIZ'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 E-commerce ETF ETF · GLOBAL X FUNDS
51 holdings · as of 2026-07-31 (2.4 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 40.92% of portfolio weight is in non-compliant holdings, over the 5% threshold.
51 holdings, 35 matched (94% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
1.36% of this portfolio’s income is non-permissible — weighted across holdings, computed over 88% of portfolio weight (32 of 51 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.
45.4% compliant 8.0% questionable 40.2% non-compliant 6.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| JD JD.COM, INC. | NON_COMPLIANT | 4.42% | AAOIFI28.5% Usmani11.2% Dow Jones Islamic12.5% S&P Shariah13.4% MSCI Islamic11.2% MSCI Islamic M-Series13.4% FTSE Shariah6.4% |
| DPZ DOMINO'S PIZZA, INC. | NON_COMPLIANT | 4.39% | AAOIFI45.3% Usmani297.7% Dow Jones Islamic37.0% S&P Shariah36.3% MSCI Islamic290.5% MSCI Islamic M-Series36.3% FTSE Shariah277.0% |
| EXPE EXPEDIA GROUP, INC. | NON_COMPLIANT | 4.33% | AAOIFI15.9% Usmani19.6% Dow Jones Islamic22.4% S&P Shariah26.0% MSCI Islamic19.6% MSCI Islamic M-Series26.0% FTSE Shariah18.8% |
| 9961.HK TRIP.COM GROUP LIMITED | NON_COMPLIANT | 4.30% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AMZN AMAZON.COM, INC. | QUESTIONABLE | 4.18% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| BKNG BOOKING HOLDINGS INC. | COMPLIANT | 4.14% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 4755.T Rakuten Group, Inc. | NON_COMPLIANT | 4.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BABA Alibaba Group Holding Limited | COMPLIANT | 4.08% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| PDD PDD Holdings Inc. | NON_COMPLIANT | 4.05% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| NTES NETEASE, INC. | NON_COMPLIANT | 4.03% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| WSM WILLIAMS-SONOMA, INC. | COMPLIANT | 4.03% | AAOIFI5.6% Usmani27.7% Dow Jones Islamic6.9% S&P Shariah7.7% MSCI Islamic27.7% MSCI Islamic M-Series7.7% FTSE Shariah0.0% |
| ALE.WA Allegro.eu SA | COMPLIANT | 4.01% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MELI MercadoLibre, Inc. | COMPLIANT | 4.00% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| EBAY EBAY INC. | COMPLIANT | 3.97% | AAOIFI13.9% Usmani35.6% Dow Jones Islamic16.9% S&P Shariah19.4% MSCI Islamic35.6% MSCI Islamic M-Series19.4% FTSE Shariah33.4% |
| CSGP COSTAR GROUP, INC. | QUESTIONABLE | 3.96% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| RBA RB Global, Inc. | COMPLIANT | 3.87% | AAOIFI20.8% Usmani35.7% Dow Jones Islamic24.1% S&P Shariah26.9% MSCI Islamic35.7% MSCI Islamic M-Series26.9% FTSE Shariah23.1% |
| SE SEA LIMITED | COMPLIANT | 3.76% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| ETSY, INC. | UNSCREENED | 3.74% | no in-house ratios for this holding |
| SHOP SHOPIFY INC. | COMPLIANT | 3.72% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| GDDY GODADDY INC. | NON_COMPLIANT | 3.56% | AAOIFI32.7% Usmani48.0% Dow Jones Islamic19.7% S&P Shariah20.9% MSCI Islamic48.0% MSCI Islamic M-Series20.9% FTSE Shariah47.2% |
| CVNA CARVANA CO. | COMPLIANT | 3.47% | AAOIFI6.8% Usmani38.2% Dow Jones Islamic8.2% S&P Shariah10.9% MSCI Islamic38.2% MSCI Islamic M-Series10.9% FTSE Shariah35.5% |
| VIPS VIPSHOP HOLDINGS LIMITED | NON_COMPLIANT | 3.34% | AAOIFI82.8% Usmani8.2% Dow Jones Islamic61.0% S&P Shariah62.0% MSCI Islamic8.2% MSCI Islamic M-Series62.0% FTSE Shariah7.4% |
| GLBE Global-E Online Ltd | UNRATED | 3.06% | AAOIFI0.3% Usmani1.6% Dow Jones Islamic0.4% S&P Shariah0.4% MSCI Islamic1.6% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| 0241.HK ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED | COMPLIANT | 2.00% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TRIP TRIPADVISOR, INC. | NON_COMPLIANT | 1.13% | AAOIFI78.5% Usmani35.3% Dow Jones Islamic79.4% S&P Shariah119.1% MSCI Islamic33.8% MSCI Islamic M-Series119.1% FTSE Shariah32.6% |
| GCT GIGACLOUD TECHNOLOGY INC | NON_COMPLIANT | 0.91% | AAOIFI— Usmani— Dow Jones Islamicfail S&P Shariah— MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariah— |
| ACV AUCTIONS INC. | UNSCREENED | 0.91% | no in-house ratios for this holding |
| CITADEL SECURITIES LLC | UNSCREENED | 0.88% | no in-house ratios for this holding |
| BNP.PA BNP PARIBAS SA | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LQDT LIQUIDITY SERVICES, INC. | COMPLIANT | 0.65% | AAOIFI1.0% Usmani3.2% Dow Jones Islamic1.5% S&P Shariah1.7% MSCI Islamic3.2% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| WEB.AX WEB TRAVEL GROUP LIMITED | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| JMIA Jumia Technologies AG | COMPLIANT | 0.54% | AAOIFI0.9% Usmani5.9% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic5.9% MSCI Islamic M-Series0.6% FTSE Shariah5.9% |
| GRPN GROUPON, INC. | NON_COMPLIANT | 0.41% | AAOIFI40.7% Usmani52.1% Dow Jones Islamic42.7% S&P Shariah48.2% MSCI Islamic52.1% MSCI Islamic M-Series48.2% FTSE Shariah51.2% |
| VTEX VTEX | COMPLIANT | 0.32% | AAOIFI0.5% Usmani0.8% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.8% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| TPW.AX Temple & Webster Group Ltd | COMPLIANT | 0.31% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LE LANDS' END, INC. | COMPLIANT | 0.31% | AAOIFI5.5% Usmani1.8% Dow Jones Islamic4.2% S&P Shariah4.3% MSCI Islamic1.8% MSCI Islamic M-Series4.3% FTSE Shariah0.0% |
| COMMERCE.COM, INC. | UNSCREENED | 0.30% | no in-house ratios for this holding |
| BASE, Inc. | UNSCREENED | 0.29% | no in-house ratios for this holding |
| BED BATH & BEYOND, INC. | UNSCREENED | 0.28% | no in-house ratios for this holding |
| TREE LENDINGTREE, INC. | NON_COMPLIANT | 0.28% | AAOIFI109.6% Usmani47.8% Dow Jones Islamic67.9% S&P Shariah75.9% MSCI Islamic47.8% MSCI Islamic M-Series75.9% FTSE Shariah42.8% |
| SSTK SHUTTERSTOCK, INC. | NON_COMPLIANT | 0.20% | AAOIFI135.2% Usmani26.3% Dow Jones Islamic42.7% S&P Shariah32.5% MSCI Islamic26.3% MSCI Islamic M-Series32.5% FTSE Shariah25.0% |
| DEUTSCHE BANK SECURITIES INC | UNSCREENED | 0.16% | no in-house ratios for this holding |
| Quantgroup Holding Ltd | UNSCREENED | 0.08% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BANK OF NEW YORK | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 42 points of portfolio weight — 66.5% of it passes S&P Shariah, 24.6% 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 49.3% ratios fail on 40.1% 12.5% not rated under AAOIFI
ratios pass on 36.9% ratios fail on 44.7% 20.3% not rated under Usmani
ratios pass on 57.8% ratios fail on 28.4% 15.7% not rated under Dow Jones Islamic
ratios pass on 66.5% ratios fail on 18.6% 16.8% not rated under S&P Shariah
ratios pass on 24.6% ratios fail on 58.0% 19.4% not rated under MSCI Islamic
ratios pass on 57.8% ratios fail on 28.2% 15.9% not rated under MSCI Islamic M-Series
ratios pass on 41.7% ratios fail on 40.0% 20.3% not rated under FTSE Shariah
35 of 51 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, 26 (74% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| JD JD.COM, INC. | 4.42% |
| DPZ DOMINO'S PIZZA, INC. | 4.39% |
| EXPE EXPEDIA GROUP, INC. | 4.33% |
| 9961.HK TRIP.COM GROUP LIMITED | 4.30% |
| 4755.T Rakuten Group, Inc. | 4.11% |
| PDD PDD Holdings Inc. | 4.05% |
| NTES NETEASE, INC. | 4.03% |
| GDDY GODADDY INC. | 3.56% |
| VIPS VIPSHOP HOLDINGS LIMITED | 3.34% |
| TRIP TRIPADVISOR, INC. | 1.13% |
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 E-commerce ETF (EBIZ) 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 EBIZ — 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) | 55.30 | NEUTRAL |
| Stochastic %K (14) | 91.18 | SELL |
| CCI (20) | 123.72 | SELL |
| Williams %R (14) | -8.82 | SELL |
| MACD (12,26,9) | 0.18 | BUY |
| ROC (10) | 4.17 | BUY |
| Momentum (10) | 1.16 | BUY |
| EMA (10) | 28.48 | BUY |
| SMA (10) | 28.30 | BUY |
| EMA (20) | 28.47 | BUY |
| SMA (20) | 28.25 | BUY |
| EMA (30) | 28.61 | BUY |
| SMA (30) | 28.46 | BUY |
| EMA (50) | 28.79 | BUY |
| SMA (50) | 29.33 | SELL |
| EMA (100) | 28.95 | SELL |
| SMA (100) | 28.81 | BUY |
| EMA (200) | 29.64 | SELL |
| SMA (200) | 29.04 | SELL |
The fund invests at least 80% of its total assets in the securities of the underlying index. The index is designed to provide exposure to exchange-listed companies that are positioned to benefit from the increased adoption of e-commerce as a distribution model, including but not limited to companies whose principal business is in operating e-commerce platforms, providing e-commerce software and services, and/or selling goods and services online. The fund 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 | 42 |
| ⏱ 15-Min | NEUTRAL | 22 |
| ⏲ 5-Min | BULLISH | 68 |
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.