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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
ES

ESGEETF / FundiShares ESG Aware MSCI EM ETF

$49.48 last close 2026-11-03
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Verdicts genuinely change. Free email alert the moment ESGE's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 89% of portfolio weight covered
Fund look-through

iShares ESG Aware MSCI EM ETF · iShares, Inc.

309 holdings

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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.

NON-COMPLIANT 34.52% of portfolio weight is in non-compliant holdings, over the 5% threshold.

309 holdings, 235 matched (89% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.

6.23% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (185 of 309 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.

54.9% compliant 0.0% questionable 34.3% non-compliant 10.9% unscreened

All holdings (309) · showing 251–309
HoldingStatusWeightEvery methodology, and the debt ratio behind it
HANWHA SYSTEMS Co., Ltd. UNSCREENED 0.09% no in-house ratios for this holding
MTN.JO MTN GROUP LIMITED NON_COMPLIANT 0.09% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
Energisa S.A. UNSCREENED 0.09% no in-house ratios for this holding
010120.KS LS ELECTRIC CO., LTD COMPLIANT 0.09% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
SUPREMEIND.BO THE SUPREME INDUSTRIES LIMITED COMPLIANT 0.09% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
Foshan Haitian Flavouring and Food Co Ltd UNSCREENED 0.09% no in-house ratios for this holding
601869.SS Yangtze Optical Fibre and Cable Joint Stock Limited Company COMPLIANT 0.08% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
600276.SS Jiangsu Hengrui Pharmaceuticals Co.,Ltd COMPLIANT 0.08% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
SOL.JO SASOL LIMITED NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
6618.HK JD Health International Inc NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
Zhejiang Leapmotor Technology Co Ltd UNSCREENED 0.08% no in-house ratios for this holding
9961.HK TRIP.COM GROUP LIMITED NON_COMPLIANT 0.08% AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
ICICIGI.NS ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
VIPS VIPSHOP HOLDINGS LIMITED NON_COMPLIANT 0.08% AAOIFI82.8% Usmani8.2% Dow Jones Islamic61.0% S&P Shariah62.0% MSCI Islamic8.2% MSCI Islamic M-Series62.0% FTSE Shariah7.4%
America Movil, S.A.B. de C.V. UNSCREENED 0.08% no in-house ratios for this holding
PIIND.BO PI INDUSTRIES LIMITED COMPLIANT 0.08% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
051910.KS LG CHEM LTD NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
352820.KS HYBE Co., Ltd. COMPLIANT 0.08% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
329180.KS HD HYUNDAI HEAVY INDUSTRIES CO.,LTD. NON_COMPLIANT 0.08% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
8069.TWO E INK HOLDINGS INC. COMPLIANT 0.08% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
BILI BILIBILI INC. NON_COMPLIANT 0.08% AAOIFI121.1% Usmani19.9% Dow Jones Islamic12.7% S&P Shariah14.7% MSCI Islamic19.9% MSCI Islamic M-Series14.7% FTSE Shariah19.5%
ASURB.MX Grupo Aeroportuario del Sureste, S.A.B. de C.V. COMPLIANT 0.07% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
0241.HK ALIBABA HEALTH INFORMATION TECHNOLOGY LIMITED COMPLIANT 0.07% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
002600.SZ LINGYI iTECH (GUANGDONG) COMPANY COMPLIANT 0.07% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
Shanghai Putailai New Energy Technology Group Co.,Ltd. UNSCREENED 0.07% no in-house ratios for this holding
Wal-Mart de Mexico, S.A.B. de C.V. UNSCREENED 0.07% no in-house ratios for this holding
064350.KS HYUNDAI ROTEM COMPANY COMPLIANT 0.07% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
LOTES CO., LTD. UNSCREENED 0.07% no in-house ratios for this holding
eMemory Technology Inc UNSCREENED 0.07% no in-house ratios for this holding
1024.HK KUAISHOU TECHNOLOGY NON_COMPLIANT 0.06% AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
SBICARD.NS SBI CARDS AND PAYMENT SERVICES LIMITED NON_COMPLIANT 0.06% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
002460.SZ Ganfeng Lithium Group Co., Ltd. COMPLIANT 0.05% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
NEW TAIWAN DOLLAR UNSCREENED 0.03% no in-house ratios for this holding
FEDERALBNK.NS THE FEDERAL BANK LTD NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SOUTH AFRICAN RAND UNSCREENED 0.03% no in-house ratios for this holding
KOREAN WON UNSCREENED 0.03% no in-house ratios for this holding
INDIAN RUPEE UNSCREENED 0.03% no in-house ratios for this holding
GOTO.JK PT GoTo Gojek Tokopedia Tbk NON_COMPLIANT 0.01% AAOIFI15.3% Usmani17.3% Dow Jones Islamicfail S&P Shariahpass MSCI Islamic16.9% MSCI Islamic M-Seriespass FTSE Shariah16.9%
MSCI EMGMKT SEP26 UNSCREENED 0.01% no in-house ratios for this holding
CHINESE RENMINBI UNSCREENED 0.01% no in-house ratios for this holding
SAUDI ARABIAN RYAL UNSCREENED 0.01% no in-house ratios for this holding
POLISH ZLOTY UNSCREENED 0.00% no in-house ratios for this holding
BRAZIALIAN REAL UNSCREENED 0.00% no in-house ratios for this holding
MEXICAN NUEVO PESO UNSCREENED 0.00% no in-house ratios for this holding
MALAYSIAN RINGITT UNSCREENED 0.00% no in-house ratios for this holding
THAILAND BAHT UNSCREENED 0.00% no in-house ratios for this holding
CHILEAN PESO UNSCREENED 0.00% no in-house ratios for this holding
CZECH KORUNA UNSCREENED 0.00% no in-house ratios for this holding
HUNGARIAN FORINT UNSCREENED 0.00% no in-house ratios for this holding
HONG KONG DOLLAR UNSCREENED 0.00% no in-house ratios for this holding
EURO UNSCREENED 0.00% no in-house ratios for this holding
TURKISH LIRA UNSCREENED 0.00% no in-house ratios for this holding
PHILIPPINE PESO UNSCREENED 0.00% no in-house ratios for this holding
SBERBANK ROSSII PAO UNSCREENED 0.00% no in-house ratios for this holding
NEFTYANAYA KOMPANIYA ROSNEFT' PAO UNSCREENED 0.00% no in-house ratios for this holding
PHOSAGRO PUBLIC JOINT STOCK COMPANY UNSCREENED 0.00% no in-house ratios for this holding
T-Tekhnologii MKPAO UNSCREENED 0.00% no in-house ratios for this holding
POLYUS PAO UNSCREENED 0.00% no in-house ratios for this holding
INDONESIAN RUPIAH UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 24 points of portfolio weight — 49.8% of it passes AAOIFI, 25.4% 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 49.8% ratios fail on 36.0% 14.9% not rated under AAOIFI

221 of 309 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 42 (36% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
0939.HK CHINA CONSTRUCTION BANK CORPORATION 1.19%
2882.TW Cathay Financial Holding Co., Ltd. 0.84%
HDFCBANK.NS HDFC BANK LIMITED 0.80%
2885.TW Yuanta Financial Holding Co., Ltd 0.71%
1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED 0.65%
2317.TW HON HAI PRECISION INDUSTRY CO., LTD. 0.60%
105560.KS KB Financial Group Inc. 0.60%
2318.HK Ping An Insurance (Group) Company of China, Ltd. 0.59%
NRP.JO NEPI ROCKCASTLE N.V. 0.57%
055550.KS Shinhan Financial Group Co., Ltd. 0.56%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure0 of 5 timeframes bullish · 100.0% aligned
VWAPPrice below VWAP ($50.08)
VolumeRelative volume 6.3× the 20-day average
Momentum10-day rate of change -3.7%

iShares ESG Aware MSCI EM ETF (ESGE) 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.

Market & analysts
Momentum (10d)
-3.7%
rate of change
SMC grade
D · 35
100.0% aligned
D · 35
SMC grade — 100.0% timeframe alignment
-3.7%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for ESGE — this runs off the critical path so the page paints first. It will appear here on its own.

56.8053.1349.4645.8042.132025-11-032026-05-062026-11-03

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
48.06
S2
48.75
S1
49.11
PIVOT
49.80
R1
50.16
R2
50.85
R3
51.21

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.

7-day expected range
51.51 – 55.15
±3.41% from 53.33, made 2026-09-15 · resolves 2026-09-22
SELL
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — landed inside their stated range, and 49.9% called the direction correctly.

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.

STRONG SELL
19 indicators
OscillatorsNEUTRAL
3 buy · 1 neutral · 3 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 12 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)33.90NEUTRAL
Stochastic %K (14)13.64BUY
CCI (20)-106.10BUY
Williams %R (14)-86.36BUY
MACD (12,26,9)-0.16SELL
ROC (10)-3.73SELL
Momentum (10)-1.92SELL
EMA (10)50.42SELL
SMA (10)50.36SELL
EMA (20)51.34SELL
SMA (20)51.56SELL
EMA (30)51.94SELL
SMA (30)52.64SELL
EMA (50)52.50SELL
SMA (50)53.37SELL
EMA (100)52.44SELL
SMA (100)53.16SELL
EMA (200)50.51SELL
SMA (200)51.19SELL

About iShares ESG Aware MSCI EM ETF

The fund generally will invest at least 90% 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 an optimized equity index designed to reflect the equity performance of companies that have favorable ESG characteristics, while exhibiting risk and return characteristics similar to those of the MSCI Emerging Markets Index (the "parent index").

Background via Yahoo Finance — informational, not part of the verdict.

Grade 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.

TimeframeBiasBars
📅 Daily BEARISH 42
⏰ 4H BEARISH 35
🕐 1H BEARISH 98
⏱ 15-Min BEARISH 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.

-3.7%
Rate of change (10d)
6.3×
Volume vs its 20-day average
-1.18
MACD (no fresh cross)
$49.49
Volume POC (today)
$49.45 – $49.67
Value area

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 2026-10-27 · Asset managers net 923449 (+22072)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.