EMESETF / FundHarbor Emerging Markets Select ETF
Verdicts genuinely change. Free email alert the moment EMES'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.
Harbor Emerging Markets Select ETF ETF · Harbor ETF Trust
50 holdings · as of 2026-07-31 (2.8 months ago)
NON-COMPLIANT 18.03% of portfolio weight is in non-compliant holdings, over the 5% threshold.
50 holdings, 40 matched (85% of weight). Portfolio as of 2026-07-31, filed 2026-09-25. Source: SEC Form N-PORT.
6.84% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (37 of 50 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.
61.6% compliant 1.6% questionable 18.0% non-compliant 13.9% unscreened
All holdings (50)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 12.09% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 10.85% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 000660.KS SK hynix Inc | COMPLIANT | 5.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 4.18% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 3.06% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| HDFCBANK.NS HDFC Bank Ltd | NON_COMPLIANT | 2.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 2.59% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 2.33% | no in-house ratios for this holding |
| Chroma ATE Inc | UNSCREENED | 2.21% | no in-house ratios for this holding |
| 0388.HK Hong Kong Exchanges & Clearing Ltd | NON_COMPLIANT | 2.17% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| International Container Terminal Services Inc | UNSCREENED | 2.17% | no in-house ratios for this holding |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 2.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Airtac International Group | UNSCREENED | 2.09% | no in-house ratios for this holding |
| 2454.TW MediaTek Inc | COMPLIANT | 1.87% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MELI MercadoLibre Inc | COMPLIANT | 1.74% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| 2345.TW Accton Technology Corp | COMPLIANT | 1.68% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BAP Credicorp Ltd | NON_COMPLIANT | 1.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PSMT PriceSmart Inc | QUESTIONABLE | 1.63% | AAOIFI6.1% Usmani12.8% Dow Jones Islamic8.3% S&P Shariah9.5% MSCI Islamic12.8% MSCI Islamic M-Series9.5% FTSE Shariah7.1% |
| TITAN.NS Titan Co Ltd | COMPLIANT | 1.62% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 605499.SS Eastroc Beverage Group Co Ltd | COMPLIANT | 1.53% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| AMBER.NS Amber Enterprises India Ltd | COMPLIANT | 1.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CAMS.BO Computer Age Management Services Ltd | COMPLIANT | 1.52% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PHOENIXLTD.BO Phoenix Mills Ltd/The | COMPLIANT | 1.49% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ETE.AT National Bank of Greece SA | NON_COMPLIANT | 1.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EMBJ3.SA Embraer SA | NON_COMPLIANT | 1.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MCX.NS Multi Commodity Exchange of India Ltd | NON_COMPLIANT | 1.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Cury Construtora e Incorporadora SA | UNSCREENED | 1.28% | no in-house ratios for this holding |
| WEGE3.SA WEG SA | COMPLIANT | 1.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BPAC11.SA Banco BTG Pactual SA | NON_COMPLIANT | 1.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AIAENG.NS AIA Engineering Ltd | COMPLIANT | 1.25% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| APARINDS.NS Apar Industries Ltd | COMPLIANT | 1.23% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASELS.IS Aselsan Elektronik Sanayi Ve Ticaret AS | NON_COMPLIANT | 1.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9961.HK Trip.com Group Ltd | NON_COMPLIANT | 0.99% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MAPA.JK Map Aktif Adiperkasa PT | COMPLIANT | 0.96% | AAOIFI9.9% Usmani26.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic13.2% MSCI Islamic M-Seriespass FTSE Shariah13.2% |
| 267260.KS HD Hyundai Electric Co Ltd | COMPLIANT | 0.93% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| APT Medical Inc | UNSCREENED | 0.92% | no in-house ratios for this holding |
| Jentech Precision Industrial Co Ltd | UNSCREENED | 0.91% | no in-house ratios for this holding |
| 002028.SZ Sieyuan Electric Co Ltd | COMPLIANT | 0.81% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Theon International PLC | UNSCREENED | 0.78% | no in-house ratios for this holding |
| MMYT MakeMyTrip Ltd | NON_COMPLIANT | 0.73% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| 443060.KS HD Hyundai Marine Solution Co Ltd | COMPLIANT | 0.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 002371.SZ NAURA Technology Group Co Ltd | COMPLIANT | 0.69% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GRAVITA.NS Gravita India Ltd | COMPLIANT | 0.69% | AAOIFI5.7% Usmani21.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic21.5% MSCI Islamic M-Seriespass FTSE Shariah21.5% |
| LEENO Industrial Inc | UNSCREENED | 0.67% | no in-house ratios for this holding |
| SCHAEFFLER.BO Schaeffler India Ltd | COMPLIANT | 0.66% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| RATNAMANI.BO Ratnamani Metals & Tubes Ltd | COMPLIANT | 0.64% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| YMM Full Truck Alliance Co Ltd | NON_COMPLIANT | 0.60% | AAOIFI0.3% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 300308.SZ Zhongji Innolight Co Ltd | COMPLIANT | 0.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| WUS Printed Circuit Kunshan Co Ltd | UNSCREENED | 0.56% | no in-house ratios for this holding |
| HSAI Hesai Group | NON_COMPLIANT | 0.53% | AAOIFI17.7% Usmani4.6% Dow Jones Islamic2.6% S&P Shariah3.3% MSCI Islamic4.6% MSCI Islamic M-Series3.3% FTSE Shariah3.5% |
The published standards disagree about this fund by 35 points of portfolio weight — 60.9% of it passes AAOIFI, 25.6% 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 60.9% ratios fail on 20.4% 13.9% not rated under AAOIFI
ratios pass on 31.7% ratios fail on 40.7% 22.9% not rated under Usmani
ratios pass on 58.3% ratios fail on 15.8% 21.2% not rated under Dow Jones Islamic
ratios pass on 58.3% ratios fail on 15.8% 21.2% not rated under S&P Shariah
ratios pass on 25.6% ratios fail on 46.7% 22.9% not rated under MSCI Islamic
ratios pass on 58.3% ratios fail on 15.8% 21.2% not rated under MSCI Islamic M-Series
ratios pass on 32.7% ratios fail on 39.6% 22.9% not rated under FTSE Shariah
40 of 50 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 10 (33% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| HDFCBANK.NS HDFC Bank Ltd | 2.64% |
| 0388.HK Hong Kong Exchanges & Clearing Ltd | 2.17% |
| ICICIBANK.NS ICICI Bank Ltd | 2.12% |
| BAP Credicorp Ltd | 1.67% |
| ETE.AT National Bank of Greece SA | 1.45% |
| EMBJ3.SA Embraer SA | 1.35% |
| MCX.NS Multi Commodity Exchange of India Ltd | 1.34% |
| BPAC11.SA Banco BTG Pactual SA | 1.25% |
| ASELS.IS Aselsan Elektronik Sanayi Ve Ticaret AS | 1.19% |
| 9961.HK Trip.com Group Ltd | 0.99% |
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.
Harbor Emerging Markets Select ETF (EMES) 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.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for EMES — 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) | 31.10 | NEUTRAL |
| Stochastic %K (14) | 3.54 | BUY |
| CCI (20) | -126.63 | BUY |
| Williams %R (14) | -96.46 | BUY |
| MACD (12,26,9) | -0.21 | SELL |
| ROC (10) | -8.52 | SELL |
| Momentum (10) | -2.38 | SELL |
| EMA (10) | 26.38 | SELL |
| SMA (10) | 26.43 | SELL |
| EMA (20) | 26.98 | SELL |
| SMA (20) | 27.28 | SELL |
| EMA (30) | 27.29 | SELL |
| SMA (30) | 27.63 | SELL |
| EMA (50) | 27.55 | SELL |
| SMA (50) | 27.93 | SELL |
| EMA (100) | 27.43 | SELL |
| SMA (100) | 27.86 | SELL |
| EMA (200) | 26.23 | SELL |
| SMA (200) | 26.56 | SELL |
About Harbor Emerging Markets Select ETF
Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in securities of companies economically tied to emerging market countries, which the managers define as those countries included in the MSCI Emerging Markets Index. The fund is non-diversified.
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 |
| ⏲ 5-Min | BEARISH | 24 |
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.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
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.