Verdicts genuinely change. Free email alert the moment FBBYX'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.
Fundamental Family Office Allocation Fund · ADVISORS' INNER CIRCLE III
64 holdings
NON-COMPLIANT 67.39% of portfolio weight is in non-compliant holdings, over the 5% threshold.
19.55% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
64 holdings, 53 matched (81% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
2.04% of this portfolio’s income is non-permissible — weighted across holdings, computed over 55% of portfolio weight (19 of 64 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.
8.9% compliant 4.0% questionable 67.4% non-compliant 19.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ODET.PA COMPAGNIE DE L'ODET SE | NON_COMPLIANT | 10.97% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| United States of America | NON_COMPLIANT | 6.81% | no in-house ratios for this holding |
| MMB.PA LAGARDERE SA | NON_COMPLIANT | 6.14% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BOL.PA BOLLORE SE | NON_COMPLIANT | 5.45% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CAN.L CANAL+ SA | NON_COMPLIANT | 4.31% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VIV.PA VIVENDI SE | NON_COMPLIANT | 4.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PRAIRIESKY ROYALTY LTD. | UNSCREENED | 4.11% | no in-house ratios for this holding |
| United States of America | NON_COMPLIANT | 4.00% | no in-house ratios for this holding |
| JYNT Joint Corp | COMPLIANT | 4.00% | AAOIFI1.8% Usmani3.9% Dow Jones Islamic1.4% S&P Shariah1.3% MSCI Islamic3.9% MSCI Islamic M-Series1.3% FTSE Shariah0.0% |
| Keweenaw Land Association Ltd | UNSCREENED | 4.00% | no in-house ratios for this holding |
| GOOG ALPHABET INC. | QUESTIONABLE | 3.97% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| IWG.L INTERNATIONAL WORKPLACE GROUP PLC | NON_COMPLIANT | 3.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BRK.B BERKSHIRE HATHAWAY INC. | NON_COMPLIANT | 3.78% | no in-house ratios for this holding |
| DSV.CO DSV A/S | NON_COMPLIANT | 3.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| U-Haul Holding Company | UNSCREENED | 3.03% | no in-house ratios for this holding |
| EXOR N.V. | UNSCREENED | 3.02% | no in-house ratios for this holding |
| FIH-U.TO FAIRFAX INDIA HOLDINGS CORPORATION | COMPLIANT | 2.89% | AAOIFI20.1% Usmani12.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic12.3% MSCI Islamic M-Series— FTSE Shariah12.3% |
| FORMULA ONE GROUP | UNSCREENED | 2.67% | no in-house ratios for this holding |
| BURFORD CAPITAL LIMITED | UNSCREENED | 2.23% | no in-house ratios for this holding |
| United States of America | NON_COMPLIANT | 1.58% | no in-house ratios for this holding |
| United States of America | NON_COMPLIANT | 1.51% | no in-house ratios for this holding |
| United States of America | NON_COMPLIANT | 1.47% | no in-house ratios for this holding |
| UHR.SW The Swatch Group AG | COMPLIANT | 1.30% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| United States of America | NON_COMPLIANT | 1.11% | no in-house ratios for this holding |
| COF CAPITAL ONE FINANCIAL CORPORATION | NON_COMPLIANT | 1.02% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| RYN RAYONIER INC. | NON_COMPLIANT | 1.00% | AAOIFI34.1% Usmani27.1% Dow Jones Islamic48.4% S&P Shariah51.1% MSCI Islamic26.9% MSCI Islamic M-Series51.1% FTSE Shariah26.6% |
| SCHL SCHOLASTIC CORPORATION | NON_COMPLIANT | 0.93% | AAOIFI75.8% Usmani29.3% Dow Jones Islamic55.5% S&P Shariah52.4% MSCI Islamic28.4% MSCI Islamic M-Series52.4% FTSE Shariah10.7% |
| EPD ENTERPRISE PRODUCTS PARTNERS L.P. | NON_COMPLIANT | 0.86% | AAOIFI40.5% Usmani41.8% Dow Jones Islamic50.1% S&P Shariah54.6% MSCI Islamic41.6% MSCI Islamic M-Series54.6% FTSE Shariah40.6% |
| United States of America | NON_COMPLIANT | 0.80% | no in-house ratios for this holding |
| CME CME GROUP INC. | NON_COMPLIANT | 0.79% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FEDERAL FARM CREDIT BANKS FUNDING CORPORATION | NON_COMPLIANT | 0.71% | no in-house ratios for this holding |
| TLF TANDY LEATHER FACTORY, INC. | NON_COMPLIANT | 0.59% | AAOIFI132.5% Usmani34.7% Dow Jones Islamic146.4% S&P Shariah144.1% MSCI Islamic34.7% MSCI Islamic M-Series144.1% FTSE Shariah0.0% |
| PHIA.AS Koninklijke Philips N.V. | NON_COMPLIANT | 0.49% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| United States of America | NON_COMPLIANT | 0.45% | no in-house ratios for this holding |
| 7974.T Nintendo Co., Ltd. | COMPLIANT | 0.38% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 7974.T Nintendo Co., Ltd. | COMPLIANT | 0.36% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| THE FEDERAL HOME LOAN BANKS | NON_COMPLIANT | 0.35% | no in-house ratios for this holding |
| United States of America | NON_COMPLIANT | 0.23% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.08% | no in-house ratios for this holding |
| IWG.L INTERNATIONAL WORKPLACE GROUP PLC | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Federal National Mortgage Association | NON_COMPLIANT | 0.07% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.06% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.05% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.04% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.03% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.03% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Freddie Mac | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| Government National Mortgage Association 2 | NON_COMPLIANT | 0.01% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| Federal National Mortgage Association | NON_COMPLIANT | 0.00% | no in-house ratios for this holding |
| IHEARTCOMMUNICATIONS, INC. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BEAR STEARNS ASSET BACKED SECURITIES INC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PERSHING SQUARE TONTINE - ESCROW | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PERSHING SQUARE WARRANTS | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 18 points of portfolio weight — 28.0% of it passes FTSE Shariah, 10.0% passes Dow Jones 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 12.9% ratios fail on 43.3% 43.2% not rated under AAOIFI
ratios pass on 27.4% ratios fail on 25.8% 46.1% not rated under Usmani
ratios pass on 10.0% ratios fail on 43.3% 46.1% not rated under Dow Jones Islamic
ratios pass on 10.0% ratios fail on 43.3% 46.1% not rated under S&P Shariah
ratios pass on 23.4% ratios fail on 25.8% 50.1% not rated under MSCI Islamic
ratios pass on 10.0% ratios fail on 43.3% 46.1% not rated under MSCI Islamic M-Series
ratios pass on 28.0% ratios fail on 25.3% 46.1% not rated under FTSE Shariah
19 of 64 listed holdings carry our own per-methodology verdicts (57% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 8 (15% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ODET.PA COMPAGNIE DE L'ODET SE | 10.97% |
| United States of America | 6.81% |
| MMB.PA LAGARDERE SA | 6.14% |
| BOL.PA BOLLORE SE | 5.45% |
| CAN.L CANAL+ SA | 4.31% |
| VIV.PA VIVENDI SE | 4.25% |
| United States of America | 4.00% |
| IWG.L INTERNATIONAL WORKPLACE GROUP PLC | 3.79% |
| BRK.B BERKSHIRE HATHAWAY INC. | 3.78% |
| DSV.CO DSV A/S | 3.39% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Fundamental Family Office Allocation Fund (FBBYX) 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 |
|---|---|---|
| ODET.PACOMPAGNIE DE L'ODET SE | 10.97% | Non-compliant |
| United States of Americanot matched to a ticker | 6.81% | Non-compliant |
| MMB.PALAGARDERE SA | 6.14% | Non-compliant |
| BOL.PABOLLORE SE | 5.45% | Non-compliant |
| CAN.LCANAL+ SA | 4.31% | Non-compliant |
| VIV.PAVIVENDI SE | 4.25% | Non-compliant |
| PRAIRIESKY ROYALTY LTD.not matched to a ticker | 4.11% | Not screened |
| United States of Americanot matched to a ticker | 4.00% | Non-compliant |
| JYNTJoint Corp | 4.00% | Compliant |
| Keweenaw Land Association Ltdnot matched to a ticker | 4.00% | Not screened |
Top 10 of 64 holdings, 54.0% 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 FBBYX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 3 days - this is not a reading of today
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 30.30 | NEUTRAL |
| Stochastic %K (14) | 15.89 | BUY |
| CCI (20) | -68.78 | NEUTRAL |
| Williams %R (14) | -84.11 | BUY |
| MACD (12,26,9) | -0.01 | SELL |
| ROC (10) | -1.31 | SELL |
| Momentum (10) | -0.34 | SELL |
| EMA (10) | 25.61 | SELL |
| SMA (10) | 25.55 | SELL |
| EMA (20) | 25.91 | SELL |
| SMA (20) | 25.95 | SELL |
| EMA (30) | 26.15 | SELL |
| SMA (30) | 26.31 | SELL |
| EMA (50) | 26.45 | SELL |
| SMA (50) | 26.71 | SELL |
| EMA (100) | 26.72 | SELL |
| SMA (100) | 26.98 | SELL |
| EMA (200) | 26.79 | SELL |
| SMA (200) | 27.00 | SELL |
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.