Verdicts genuinely change. Free email alert the moment EFCCX'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.
Emerald Insights Fund · FINANCIAL INVESTORS TRUST
66 holdings
NON-COMPLIANT 15.74% of portfolio weight is in non-compliant holdings, over the 5% threshold.
66 holdings, 57 matched (93% of weight). Portfolio as of 2025-07-31, filed 2025-09-25. Source: SEC Form N-PORT.
1.42% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (46 of 66 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.
49.3% compliant 27.1% questionable 15.7% non-compliant 7.3% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA Nvidia Corp | COMPLIANT | 12.54% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| MSFT Microsoft Corp | QUESTIONABLE | 9.02% | 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 | 5.48% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| AAPL Apple Inc | COMPLIANT | 4.82% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| META Meta Platforms Inc | QUESTIONABLE | 4.72% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| AVGO Broadcom Ltd | COMPLIANT | 4.35% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| GOOG Alphabet Inc | QUESTIONABLE | 4.19% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AMSC American Superconductor Corp | COMPLIANT | 2.95% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CRDO Credo Technology Group Holding Ltd | COMPLIANT | 1.90% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| KTOS Kratos Defense & Security Solutions Inc | COMPLIANT | 1.78% | AAOIFI0.6% Usmani4.7% Dow Jones Islamic0.6% S&P Shariah0.8% MSCI Islamic1.3% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| Solaris Energy Infrastructure Inc | UNSCREENED | 1.61% | no in-house ratios for this holding |
| NFLX Netflix Inc | QUESTIONABLE | 1.52% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| TBBK Bancorp Inc/the | NON_COMPLIANT | 1.43% | AAOIFI269.0% Usmani79.6% Dow Jones Islamic270.7% S&P Shariah295.8% MSCI Islamic79.6% MSCI Islamic M-Series295.8% FTSE Shariah79.6% |
| LIVN Livanova Plc | COMPLIANT | 1.42% | AAOIFI7.7% Usmani13.2% Dow Jones Islamic11.3% S&P Shariah11.6% MSCI Islamic13.2% MSCI Islamic M-Series11.6% FTSE Shariah11.0% |
| TTI Tetra Technologies Inc | COMPLIANT | 1.36% | AAOIFI21.9% Usmani28.0% Dow Jones Islamic27.2% S&P Shariah30.3% MSCI Islamic28.0% MSCI Islamic M-Series30.3% FTSE Shariah22.9% |
| SMCI Super Micro Computer Inc | NON_COMPLIANT | 1.36% | AAOIFI17.4% Usmani15.3% Dow Jones Islamic20.6% S&P Shariah17.5% MSCI Islamic15.3% MSCI Islamic M-Series17.5% FTSE Shariah13.5% |
| TJX Tjx Cos Inc/the | COMPLIANT | 1.29% | AAOIFI10.1% Usmani38.6% Dow Jones Islamic9.4% S&P Shariah10.4% MSCI Islamic38.6% MSCI Islamic M-Series10.4% FTSE Shariah7.7% |
| Soleno Therapeutics Inc | UNSCREENED | 1.24% | no in-house ratios for this holding |
| LNG Cheniere Energy Inc | NON_COMPLIANT | 1.21% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| WVE Wave Life Sciences Ltd | NON_COMPLIANT | 1.14% | AAOIFI3.9% Usmani7.8% Dow Jones Islamic2.9% S&P Shariah3.6% MSCI Islamic7.8% MSCI Islamic M-Series3.6% FTSE Shariah0.0% |
| FOUR Shift4 Payments Inc | NON_COMPLIANT | 1.12% | AAOIFI125.9% Usmani52.5% Dow Jones Islamic74.0% S&P Shariah77.0% MSCI Islamic52.5% MSCI Islamic M-Series77.0% FTSE Shariah51.9% |
| TMDX Transmedics Group Inc | NON_COMPLIANT | 1.12% | AAOIFI0.8% Usmani25.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic1.8% MSCI Islamic M-Series0.8% FTSE Shariah1.4% |
| NCLH Norwegian Cruise Line Holdings Ltd | NON_COMPLIANT | 1.11% | AAOIFI223.5% Usmani66.5% Dow Jones Islamic165.6% S&P Shariah179.7% MSCI Islamic66.5% MSCI Islamic M-Series179.7% FTSE Shariah62.6% |
| BBIO Bridgebio Pharma Inc | COMPLIANT | 1.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FTAI FTAI Aviation Ltd | COMPLIANT | 1.05% | AAOIFI17.1% Usmani76.9% Dow Jones Islamic19.5% S&P Shariah24.8% MSCI Islamic76.9% MSCI Islamic M-Series24.8% FTSE Shariah76.9% |
| LLY Eli Lilly & Co | COMPLIANT | 1.03% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| RARE Ultragenyx Pharmaceutical Inc | NON_COMPLIANT | 1.03% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| V Visa Inc | COMPLIANT | 1.00% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| ARLO Arlo Technologies Inc | COMPLIANT | 0.99% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| EE Excelerate Energy Inc | NON_COMPLIANT | 0.97% | AAOIFI27.9% Usmani29.7% Dow Jones Islamic31.2% S&P Shariah36.8% MSCI Islamic25.9% MSCI Islamic M-Series36.8% FTSE Shariah22.2% |
| COST Costco Wholesale Corp | QUESTIONABLE | 0.96% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| LITE Lumentum Holdings Inc | COMPLIANT | 0.94% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| Aerovironment Inc | UNSCREENED | 0.91% | no in-house ratios for this holding |
| First American Government Obligations Fund | UNSCREENED | 0.90% | no in-house ratios for this holding |
| TTWO Take-two Interactive Software Inc | QUESTIONABLE | 0.88% | AAOIFI7.4% Usmani32.6% Dow Jones Islamic7.5% S&P Shariah8.5% MSCI Islamic32.6% MSCI Islamic M-Series8.5% FTSE Shariah27.9% |
| MOD Modine Manufacturing Co | COMPLIANT | 0.88% | AAOIFI6.1% Usmani22.5% Dow Jones Islamic7.8% S&P Shariah9.3% MSCI Islamic22.4% MSCI Islamic M-Series9.3% FTSE Shariah17.3% |
| FRPT Freshpet Inc | COMPLIANT | 0.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Insmed Inc | UNSCREENED | 0.82% | no in-house ratios for this holding |
| BE Bloom Energy Corp | COMPLIANT | 0.81% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MTZ Mastec Inc | COMPLIANT | 0.80% | AAOIFI16.4% Usmani33.2% Dow Jones Islamic19.2% S&P Shariah24.0% MSCI Islamic29.6% MSCI Islamic M-Series24.0% FTSE Shariah25.1% |
| NOW Servicenow Inc | COMPLIANT | 0.80% | AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7% |
| PLMR Palomar Holdings Inc | NON_COMPLIANT | 0.79% | AAOIFI8.4% Usmani7.5% Dow Jones Islamic9.1% S&P Shariah10.7% MSCI Islamic7.5% MSCI Islamic M-Series10.7% FTSE Shariah7.5% |
| IDCC Interdigital Inc | COMPLIANT | 0.78% | AAOIFI4.6% Usmani18.3% Dow Jones Islamic6.0% S&P Shariah7.5% MSCI Islamic18.3% MSCI Islamic M-Series7.5% FTSE Shariah17.8% |
| TVTX Travere Therapeutics Inc | COMPLIANT | 0.78% | AAOIFI10.0% Usmani77.2% Dow Jones Islamic24.4% S&P Shariah32.6% MSCI Islamic77.2% MSCI Islamic M-Series32.6% FTSE Shariah75.4% |
| PANW Palo Alto Networks Inc | COMPLIANT | 0.77% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GENI Genius Sports Ltd | NON_COMPLIANT | 0.77% | AAOIFI1.7% Usmani2.7% Dow Jones Islamic21.8% S&P Shariah23.3% MSCI Islamic2.7% MSCI Islamic M-Series23.3% FTSE Shariah0.0% |
| DASH Doordash Inc | COMPLIANT | 0.73% | AAOIFI3.6% Usmani16.9% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic16.9% MSCI Islamic M-Series4.5% FTSE Shariah13.9% |
| ACAD Acadia Pharmaceuticals Inc | COMPLIANT | 0.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GH Guardant Health Inc | COMPLIANT | 0.69% | AAOIFI7.8% Usmani88.7% Dow Jones Islamic17.9% S&P Shariah23.1% MSCI Islamic88.7% MSCI Islamic M-Series23.1% FTSE Shariah78.6% |
| ORCL Oracle Corp | NON_COMPLIANT | 0.69% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| SOC Sable Offshore Corp | NON_COMPLIANT | 0.67% | AAOIFI106.5% Usmani55.0% Dow Jones Islamic54.9% S&P Shariah73.1% MSCI Islamic55.0% MSCI Islamic M-Series73.1% FTSE Shariah55.0% |
| TSLA Tesla Inc | COMPLIANT | 0.65% | AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1% |
| MDB Mongodb Inc | COMPLIANT | 0.60% | AAOIFI0.1% Usmani1.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| TREE Lendingtree Inc | NON_COMPLIANT | 0.56% | AAOIFI109.6% Usmani47.8% Dow Jones Islamic67.9% S&P Shariah75.9% MSCI Islamic47.8% MSCI Islamic M-Series75.9% FTSE Shariah42.8% |
| Skywater Technology Inc | UNSCREENED | 0.55% | no in-house ratios for this holding |
| INDI Indie Semiconductor Inc | NON_COMPLIANT | 0.54% | AAOIFI51.7% Usmani51.3% Dow Jones Islamic50.6% S&P Shariah41.2% MSCI Islamic51.3% MSCI Islamic M-Series41.2% FTSE Shariah49.4% |
| MP Mp Materials Corp | NON_COMPLIANT | 0.50% | AAOIFI9.8% Usmani25.6% Dow Jones Islamic12.3% S&P Shariah15.7% MSCI Islamic25.6% MSCI Islamic M-Series15.7% FTSE Shariah25.1% |
| Golar Lng Ltd | UNSCREENED | 0.50% | no in-house ratios for this holding |
| Bwx Technologies Inc | UNSCREENED | 0.49% | no in-house ratios for this holding |
| DDOG Datadog Inc | NON_COMPLIANT | 0.44% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| AZO Autozone Inc | COMPLIANT | 0.42% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| LPX Louisiana-pacific Corp | COMPLIANT | 0.38% | AAOIFI8.0% Usmani14.5% Dow Jones Islamic6.1% S&P Shariah6.5% MSCI Islamic14.5% MSCI Islamic M-Series6.5% FTSE Shariah13.3% |
| PLTR Palantir Technologies Inc | QUESTIONABLE | 0.34% | AAOIFI0.1% Usmani1.8% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| 89bio Inc | UNSCREENED | 0.33% | no in-house ratios for this holding |
| HOOD Robinhood Markets Inc | NON_COMPLIANT | 0.27% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.3% S&P Shariah0.4% MSCI Islamic0.4% MSCI Islamic M-Series0.4% FTSE Shariah0.0% |
| DUOL Duolingo Inc | COMPLIANT | 0.14% | AAOIFI1.3% Usmani4.2% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic4.2% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
The published standards disagree about this fund by 17 points of portfolio weight — 69.4% of it passes AAOIFI, 52.6% 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 69.4% ratios fail on 10.3% 19.8% not rated under AAOIFI
ratios pass on 60.1% ratios fail on 20.0% 19.4% not rated under Usmani
ratios pass on 67.9% ratios fail on 10.4% 21.2% not rated under Dow Jones Islamic
ratios pass on 67.6% ratios fail on 12.1% 19.8% not rated under S&P Shariah
ratios pass on 52.6% ratios fail on 22.0% 24.9% not rated under MSCI Islamic
ratios pass on 66.3% ratios fail on 12.1% 21.2% not rated under MSCI Islamic M-Series
ratios pass on 62.2% ratios fail on 17.9% 19.4% not rated under FTSE Shariah
57 of 66 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 47 (81% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| TBBK Bancorp Inc/the | 1.43% |
| SMCI Super Micro Computer Inc | 1.36% |
| LNG Cheniere Energy Inc | 1.21% |
| WVE Wave Life Sciences Ltd | 1.14% |
| FOUR Shift4 Payments Inc | 1.12% |
| TMDX Transmedics Group Inc | 1.12% |
| NCLH Norwegian Cruise Line Holdings Ltd | 1.11% |
| RARE Ultragenyx Pharmaceutical Inc | 1.03% |
| EE Excelerate Energy Inc | 0.97% |
| PLMR Palomar Holdings Inc | 0.79% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Emerald Insights Fund (EFCCX) 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 |
|---|---|---|
| NVDANvidia Corp | 12.54% | Compliant |
| MSFTMicrosoft Corp | 9.02% | Questionable |
| AMZNAmazon.com Inc | 5.48% | Questionable |
| AAPLApple Inc | 4.82% | Compliant |
| METAMeta Platforms Inc | 4.72% | Questionable |
| AVGOBroadcom Ltd | 4.35% | Compliant |
| GOOGAlphabet Inc | 4.19% | Questionable |
| AMSCAmerican Superconductor Corp | 2.95% | Compliant |
| CRDOCredo Technology Group Holding Ltd | 1.90% | Compliant |
| KTOSKratos Defense & Security Solutions Inc | 1.78% | Compliant |
Top 10 of 66 holdings, 51.7% 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 EFCCX. 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.