EMQQETF / FundEMQQ The Emerging Markets Internet ETF
Verdicts genuinely change. Free email alert the moment EMQQ'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.
EMQQ The Emerging Markets Internet ETF · EXCHANGE TRADED CONCEPTS TRUST
60 holdings · as of 2026-05-31 (4.8 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 49.84% of portfolio weight is in non-compliant holdings, over the 5% threshold.
60 holdings, 52 matched (96% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
2.21% of this portfolio’s income is non-permissible — weighted across holdings, computed over 92% of portfolio weight (50 of 60 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.
46.4% compliant 0.0% questionable 49.7% non-compliant 3.9% unscreened
All holdings (60)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MELI MercadoLibre, Inc. | COMPLIANT | 8.36% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| RELIANCE.NS RELIANCE INDUSTRIES LIMITED | COMPLIANT | 8.11% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BABA Alibaba Group Holding Limited | COMPLIANT | 6.76% | 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 | 6.20% | AAOIFI0.7% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| SE SEA LIMITED | COMPLIANT | 6.05% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| 0700.HK Tencent Holdings Limited | COMPLIANT | 5.92% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| NU Nu Holdings Ltd. | NON_COMPLIANT | 5.63% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| 3690.HK MEITUAN | NON_COMPLIANT | 4.04% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NTES NETEASE, INC. | NON_COMPLIANT | 3.45% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| NPN.JO NASPERS LIMITED | NON_COMPLIANT | 3.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAJFINANCE.NS BAJAJ FINANCE LIMITED | NON_COMPLIANT | 3.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JD JD.COM, INC. | NON_COMPLIANT | 3.25% | AAOIFI28.5% Usmani11.2% Dow Jones Islamic12.5% S&P Shariah13.4% MSCI Islamic11.2% MSCI Islamic M-Series13.4% FTSE Shariah6.4% |
| BIDU BAIDU, INC. | NON_COMPLIANT | 2.90% | AAOIFI156.9% Usmani11.2% Dow Jones Islamic2.5% S&P Shariah2.5% MSCI Islamic11.2% MSCI Islamic M-Series2.5% FTSE Shariah9.5% |
| CPNG COUPANG, INC. | COMPLIANT | 2.73% | AAOIFI20.5% Usmani32.4% Dow Jones Islamic13.3% S&P Shariah14.3% MSCI Islamic32.4% MSCI Islamic M-Series14.3% FTSE Shariah15.0% |
| 035420.KS NAVER Corporation | COMPLIANT | 2.73% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 9961.HK TRIP.COM GROUP LIMITED | NON_COMPLIANT | 2.41% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ETERNAL.NS Eternal Ltd | COMPLIANT | 2.34% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Joint Stock Company Kaspi.kz | UNSCREENED | 1.76% | no in-house ratios for this holding |
| 1024.HK KUAISHOU TECHNOLOGY | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DHER.DE Delivery Hero SE | NON_COMPLIANT | 1.15% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GRAB GRAB HOLDINGS LIMITED | NON_COMPLIANT | 1.08% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| 035720.KS Kakao Corp. | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JIOFIN.NS JIO FINANCIAL SERVICES LIMITED | COMPLIANT | 1.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2423.HK KE Holdings Inc. | NON_COMPLIANT | 0.97% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GROWW.NS BILLIONBRAINS GARAGE VENTURES LIMITED | NON_COMPLIANT | 0.94% | AAOIFI0.2% Usmani1.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.6% MSCI Islamic M-Seriesfail FTSE Shariah1.6% |
| XP XP Inc. | NON_COMPLIANT | 0.82% | AAOIFI15.5% Usmani0.5% Dow Jones Islamic3.1% S&P Shariah2.9% MSCI Islamic0.5% MSCI Islamic M-Series2.9% FTSE Shariah0.5% |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.78% | no in-house ratios for this holding |
| 6FHA.MU Futu Holdings Limited | NON_COMPLIANT | 0.77% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| POLICYBZR.NS PB Fintech Ltd | NON_COMPLIANT | 0.75% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| ALE.WA Allegro.eu SA | COMPLIANT | 0.74% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3659.T NEXON Co., Ltd. | NON_COMPLIANT | 0.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 323410.KS KakaoBank Corp | NON_COMPLIANT | 0.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| YMM Full Truck Alliance Co Ltd | NON_COMPLIANT | 0.63% | AAOIFI0.3% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TME TENCENT MUSIC ENTERTAINMENT GROUP | NON_COMPLIANT | 0.54% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| VIPS VIPSHOP HOLDINGS LIMITED | NON_COMPLIANT | 0.48% | AAOIFI82.8% Usmani8.2% Dow Jones Islamic61.0% S&P Shariah62.0% MSCI Islamic8.2% MSCI Islamic M-Series62.0% FTSE Shariah7.4% |
| PAYTM.NS ONE 97 COMMUNICATIONS LIMITED | NON_COMPLIANT | 0.46% | AAOIFI0.2% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.7% MSCI Islamic M-Seriesfail FTSE Shariah0.7% |
| NAUKRI.NS INFO EDGE (INDIA) LIMITED | NON_COMPLIANT | 0.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8JN.SG Kanzhun Ltd | NON_COMPLIANT | 0.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NC Corporation | UNSCREENED | 0.45% | no in-house ratios for this holding |
| MMYT MakeMyTrip Limited | NON_COMPLIANT | 0.43% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| BILI BILIBILI INC. | NON_COMPLIANT | 0.41% | AAOIFI121.1% Usmani19.9% Dow Jones Islamic12.7% S&P Shariah14.7% MSCI Islamic19.9% MSCI Islamic M-Series14.7% FTSE Shariah19.5% |
| 6618.HK JD Health International Inc | NON_COMPLIANT | 0.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| StoneCo Ltd. | UNSCREENED | 0.39% | no in-house ratios for this holding |
| NYKAA.NS FSN E-COMMERCE VENTURES LIMITED | COMPLIANT | 0.38% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SWIGGY.NS SWIGGY LIMITED | COMPLIANT | 0.36% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GoTo Gojek Tokopedia PT Tbk | UNSCREENED | 0.34% | no in-house ratios for this holding |
| LENSKART.NS Lenskart Solutions Ltd | COMPLIANT | 0.33% | AAOIFI2.8% Usmani41.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic21.5% MSCI Islamic M-Seriespass FTSE Shariah21.5% |
| INTR Inter & Co, Inc. | NON_COMPLIANT | 0.25% | AAOIFI4.3% Usmani0.2% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic0.2% MSCI Islamic M-Series1.4% FTSE Shariah0.2% |
| PAGSEGURO DIGITAL LTD. | UNSCREENED | 0.24% | no in-house ratios for this holding |
| JUBLFOOD.NS Jubilant FoodWorks Limited | COMPLIANT | 0.22% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ANGELONE.NS ANGEL ONE LIMITED | NON_COMPLIANT | 0.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| QFIN Qfin Holdings, Inc. | NON_COMPLIANT | 0.18% | AAOIFI229.7% Usmani4.6% Dow Jones Islamic5.3% S&P Shariah5.9% MSCI Islamic4.6% MSCI Islamic M-Series5.9% FTSE Shariah4.6% |
| PINELABS.NS Pine Labs Ltd | NON_COMPLIANT | 0.15% | AAOIFI2.3% Usmani4.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.3% MSCI Islamic M-Seriesfail FTSE Shariah3.3% |
| DLO Dlocal Ltd. | COMPLIANT | 0.13% | AAOIFI2.0% Usmani5.6% Dow Jones Islamic2.5% S&P Shariah2.4% MSCI Islamic5.6% MSCI Islamic M-Series2.4% FTSE Shariah5.6% |
| IEX.NS Indian Energy Exchange Ltd | NON_COMPLIANT | 0.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JMIA Jumia Technologies AG | COMPLIANT | 0.11% | AAOIFI0.9% Usmani5.9% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic5.9% MSCI Islamic M-Series0.6% FTSE Shariah5.9% |
| AFFLE.NS Affle 3i Ltd | COMPLIANT | 0.10% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CARTRADE.NS Cartrade Tech Ltd | COMPLIANT | 0.09% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PHOENIX TREE HOLDINGS LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 33 points of portfolio weight — 52.4% of it passes S&P Shariah, 19.2% 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 41.0% ratios fail on 54.5% 4.7% not rated under AAOIFI
ratios pass on 25.2% ratios fail on 49.6% 25.5% not rated under Usmani
ratios pass on 47.7% ratios fail on 35.2% 17.4% not rated under Dow Jones Islamic
ratios pass on 52.4% ratios fail on 30.5% 17.4% not rated under S&P Shariah
ratios pass on 19.2% ratios fail on 55.6% 25.5% not rated under MSCI Islamic
ratios pass on 46.3% ratios fail on 36.6% 17.4% not rated under MSCI Islamic M-Series
ratios pass on 25.9% ratios fail on 48.9% 25.5% not rated under FTSE Shariah
52 of 60 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 24 (52% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PDD PDD Holdings Inc. | 6.20% |
| NU Nu Holdings Ltd. | 5.63% |
| 3690.HK MEITUAN | 4.04% |
| NTES NETEASE, INC. | 3.45% |
| NPN.JO NASPERS LIMITED | 3.33% |
| BAJFINANCE.NS BAJAJ FINANCE LIMITED | 3.25% |
| JD JD.COM, INC. | 3.25% |
| BIDU BAIDU, INC. | 2.90% |
| 9961.HK TRIP.COM GROUP LIMITED | 2.41% |
| 1024.HK KUAISHOU TECHNOLOGY | 1.32% |
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.
EMQQ The Emerging Markets Internet ETF (EMQQ) 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 EMQQ — 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) | 36.40 | NEUTRAL |
| Stochastic %K (14) | 6.11 | BUY |
| CCI (20) | -135.04 | BUY |
| Williams %R (14) | -93.89 | BUY |
| MACD (12,26,9) | -0.02 | SELL |
| ROC (10) | -2.37 | SELL |
| Momentum (10) | -0.74 | SELL |
| EMA (10) | 31.28 | SELL |
| SMA (10) | 31.53 | SELL |
| EMA (20) | 31.49 | SELL |
| SMA (20) | 31.32 | SELL |
| EMA (30) | 31.71 | SELL |
| SMA (30) | 31.51 | SELL |
| EMA (50) | 32.08 | SELL |
| SMA (50) | 32.40 | SELL |
| EMA (100) | 32.81 | SELL |
| SMA (100) | 32.55 | SELL |
| EMA (200) | 34.77 | SELL |
| SMA (200) | 34.09 | SELL |
About EMQQ The Emerging Markets Internet ETF
The fund invests in securities comprising the index or in depositary receipts representing securities of the index. The index was designed by EMQQ Global LLC (the “index provider”) to measure the performance of an investable universe of publicly-traded, emerging market internet and ecommerce companies. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 | 43 |
| 🕐 1H | BEARISH | 59 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BEARISH | 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 2026-10-13 · Asset managers net 915835 (+9220)
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.