ECNSETF / FundiShares MSCI China Small-Cap ETF
Verdicts genuinely change. Free email alert the moment ECNS'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.
iShares MSCI China Small-Cap ETF ETF · iShares Trust
273 holdings · as of 2026-08-31 (1.8 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 120% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 60.49% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 43% turns out to be. Matching more holdings can only raise this share, never lower it.
273 holdings, 175 matched (64% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
3.05% of this portfolio’s income is non-permissible — weighted across holdings, computed over 63% of portfolio weight (168 of 273 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.
All holdings (273) · showing 251–273
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| SINGAPORE DOLLARS | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GREAT BRITISH POUND | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UNTRADE ANXIN CHINA | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CT ENVIRONMENTAL GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| HUA HAN HEALTH INDUSTRY HOLDINGS L | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA FORESTRY HOLDINGS CO LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SMI HOLDINGS GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UNTRADE HOSA INTL | UNSCREENED | 0.00% | no in-house ratios for this holding |
| TRONY SOLAR HOLDINGS CO LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA METAL RECYCLING HOLDINGS LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA FIBER OPTIC NETWORK SYSTEM G | UNSCREENED | 0.00% | no in-house ratios for this holding |
| QUNXING PAPER HOLDINGS CO LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA ANIMAL HEALTHCARE LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NEW HORIZON HEALTH LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UNTRADE REALGOLD MINING | UNSCREENED | 0.00% | no in-house ratios for this holding |
| YOUYUAN INTERNATIONAL HOLDINGS LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MH DEVELOPMENT LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UNTRADE NATIONAL AGRI | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA HUIYUAN JUICE GROUP LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UNTRADE BOSHIWA INT L | UNSCREENED | 0.00% | no in-house ratios for this holding |
| UNTRADE FUGUINIAO H SHS | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CHINA LUMENA NEW MATERIALS CORP | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SUPERB SUMMIT INTERNATIONAL TIMBER | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 15 points of portfolio weight — 32.1% of it passes Usmani, 16.8% passes MSCI Islamic M-Series. 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 17.2% ratios fail on 60.5% 42.8% not rated under AAOIFI
ratios pass on 32.1% ratios fail on 45.1% 43.2% not rated under Usmani
ratios pass on 20.0% ratios fail on 55.1% 45.4% not rated under Dow Jones Islamic
ratios pass on 20.5% ratios fail on 54.6% 45.4% not rated under S&P Shariah
ratios pass on 21.4% ratios fail on 55.9% 43.2% not rated under MSCI Islamic
ratios pass on 16.8% ratios fail on 58.4% 45.4% not rated under MSCI Islamic M-Series
ratios pass on 31.3% ratios fail on 46.0% 43.2% not rated under FTSE Shariah
175 of 273 listed holdings carry our own per-methodology verdicts (78% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (13% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 0148.HK KINGBOARD HOLDINGS LIMITED | 2.76% |
| 9688.HK Zai Lab Ltd | 1.80% |
| 1070.HK TCL ELECTRONICS HOLDINGS LIMITED | 1.42% |
| 2162.HK Keymed Biosciences Inc. | 1.26% |
| 0YYA.DU JOYY INC. | 1.20% |
| KC KINGSOFT CLOUD HOLDINGS LIMITED | 1.18% |
| 9969.HK InnoCare Pharma Limited | 1.13% |
| 6060.HK ZhongAn Online P & C Insurance Co., Ltd. | 0.99% |
| 6098.HK COUNTRY GARDEN SERVICES HOLDINGS COMPANY LIMITED | 0.99% |
| 1133.HK Harbin Electric Company Limited | 0.95% |
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.
iShares MSCI China Small-Cap ETF (ECNS) 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 ECNS — 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) | 37.20 | NEUTRAL |
| Stochastic %K (14) | 25.97 | NEUTRAL |
| CCI (20) | -112.33 | BUY |
| Williams %R (14) | -74.03 | NEUTRAL |
| MACD (12,26,9) | -0.04 | SELL |
| ROC (10) | -3.30 | SELL |
| Momentum (10) | -0.90 | SELL |
| EMA (10) | 26.67 | SELL |
| SMA (10) | 26.71 | SELL |
| EMA (20) | 26.99 | SELL |
| SMA (20) | 27.04 | SELL |
| EMA (30) | 27.26 | SELL |
| SMA (30) | 27.26 | SELL |
| EMA (50) | 27.72 | SELL |
| SMA (50) | 27.94 | SELL |
| EMA (100) | 28.71 | SELL |
| SMA (100) | 28.51 | SELL |
| EMA (200) | 30.56 | SELL |
| SMA (200) | 31.01 | SELL |
About iShares MSCI China Small-Cap ETF
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The index is a free float-adjusted market capitalization-weighted index that is designed to measure the performance of the small-capitalization segment of the Chinese equity securities markets, as represented by the H-shares and B-shares markets.
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 | BEARISH | 42 |
| 🕐 1H | BEARISH | 20 |
| ⏱ 15-Min | RANGING | 81 |
| ⏲ 5-Min | BULLISH | 234 |
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.