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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
FL

FLINETF / FundFranklin FTSE India ETF

$33.88 last close 2026-10-22
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Verdicts genuinely change. Free email alert the moment FLIN's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 96% of portfolio weight covered
Fund look-through

Franklin FTSE India ETF · Franklin Templeton ETF Trust

280 holdings

NON-COMPLIANT 42.73% of portfolio weight is in non-compliant holdings, over the 5% threshold.

280 holdings, 271 matched (96% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.

8.74% of this portfolio’s income is non-permissible — weighted across holdings, computed over 81% of portfolio weight (240 of 280 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.

53.6% compliant 0.0% questionable 42.7% non-compliant 3.5% unscreened

All holdings (280) · showing 251–280
HoldingStatusWeightEvery methodology, and the debt ratio behind it
GODFRYPHLP.NS GODFREY PHILLIPS INDIA LTD NON_COMPLIANT 0.06% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
CASTROLIND.BO CASTROL INDIA LTD COMPLIANT 0.06% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
NTPCGREEN.NS NTPC GREEN ENERGY LTD NON_COMPLIANT 0.06% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
ESCORTS.NS ESCORTS KUBOTA LTD COMPLIANT 0.06% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
LTTS.NS L&T TECHNOLOGY SERVICES LTD COMPLIANT 0.05% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
IRB.NS IRB INFRASTRUCTURE DEVELOPERS LTD NON_COMPLIANT 0.05% AAOIFI89.7% Usmani37.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic37.1% MSCI Islamic M-Seriesfail FTSE Shariah37.1%
CRISIL.NS CRISIL LTD NON_COMPLIANT 0.05% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SYNGENE.NS SYNGENE INTERNATIONAL LTD COMPLIANT 0.05% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
HEXT.NS HEXAWARE TECHNOLOGIES LTD COMPLIANT 0.05% AAOIFI2.1% Usmani12.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic6.2% MSCI Islamic M-Seriespass FTSE Shariah6.2%
AWL.NS AWL AGRI BUSINESS LTD NON_COMPLIANT 0.05% AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
EMAMILTD.BO EMAMI LTD COMPLIANT 0.05% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
HONAUT.BO HONEYWELL AUTOMATION INDIA LTD COMPLIANT 0.05% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
AIIL.NS AUTHUM INVESTMENT & INFRASTRUCTURE LTD NON_COMPLIANT 0.05% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
WHIRLPOOL.NS WHIRLPOOL OF INDIA LTD COMPLIANT 0.04% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
KRT.BO KNOWLEDGE REALTY TRUST COMPLIANT 0.03% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
SJVN.NS SJVN LTD NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
GODREJIND.NS GODREJ INDUSTRIES LTD NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
METROBRAND.NS METRO BRANDS LTD COMPLIANT 0.03% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
BAYERCROP.BO BAYER CROPSCIENCE LTD COMPLIANT 0.03% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
IOB.NS INDIAN OVERSEAS BANK LTD NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
IDBI.NS IDBI BANK LTD NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
SUNTV.NS SUN TV NETWORK LTD NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
BATAINDIA.NS BATA INDIA LTD COMPLIANT 0.03% AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
NIACL.NS NEW INDIA ASSURANCE CO LTD (THE) NON_COMPLIANT 0.03% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
KANSAINER.NS KANSAI NEROLAC PAINTS LTD COMPLIANT 0.03% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
CENTRALBK.NS CENTRAL BANK OF INDIA NON_COMPLIANT 0.02% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MRPL.NS MANGALORE REFINERY AND PETROCHEMICALS LTD NON_COMPLIANT 0.02% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
RELAXO.BO RELAXO FOOTWEARS LTD COMPLIANT 0.02% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass
MANYAVAR.NS VEDANT FASHIONS LTD COMPLIANT 0.02% AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass
NSE IFSC LIMITED UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 17 points of portfolio weight — 50.7% of it passes AAOIFI, 34.1% 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 50.7% ratios fail on 43.0% 6.2% not rated under AAOIFI

271 of 280 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, 41 (12% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
HDFCBANK.NS HDFC BANK LTD 5.74%
ICICIBANK.NS ICICI BANK LTD 4.61%
AXISBANK.BO AXIS BANK LTD 1.95%
M&M.NS MAHINDRA & MAHINDRA LTD 1.80%
BAJFINANCE.NS BAJAJ FINANCE LTD 1.73%
KOTAKBANK.NS KOTAK MAHINDRA BANK LTD 1.36%
NTPC.NS NTPC LTD 1.07%
TATASTEEL.NS TATA STEEL LTD 0.96%
BEL.NS BHARAT ELECTRONICS LTD 0.93%
SHRIRAMFIN.BO SHRIRAM FINANCE LTD 0.92%

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.

Structure2 of 5 timeframes bullish · 43.5% aligned
VWAPPrice below VWAP ($34.01)
VolumeRelative volume 2.8× the 20-day average
Momentum10-day rate of change +3.7%

Franklin FTSE India ETF (FLIN) 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
F · 25
43.5% aligned
F · 25
SMC grade — 43.5% timeframe alignment
+3.7%
Rate of change (10d)

🕌 In-house Compliance Research

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

39.1637.4635.7534.0532.342025-10-232026-04-242026-10-22

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

Support & Resistance
S3
33.57
S2
33.67
S1
33.76
PIVOT
33.86
R1
33.95
R2
34.05
R3
34.14

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
33.99 – 35.73
±2.49% from 34.86, made 2026-09-15 · resolves 2026-09-22
STRONG 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.

SELL
19 indicators
OscillatorsSTRONG BUY
3 buy · 4 neutral · 0 sell
Moving averagesSTRONG SELL
3 buy · 0 neutral · 9 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)48.00NEUTRAL
Stochastic %K (14)72.70NEUTRAL
CCI (20)27.64NEUTRAL
Williams %R (14)-27.30NEUTRAL
MACD (12,26,9)0.12BUY
ROC (10)3.73BUY
Momentum (10)1.22BUY
EMA (10)33.85BUY
SMA (10)33.80BUY
EMA (20)33.90SELL
SMA (20)33.65BUY
EMA (30)34.06SELL
SMA (30)33.96SELL
EMA (50)34.35SELL
SMA (50)34.62SELL
EMA (100)34.80SELL
SMA (100)34.91SELL
EMA (200)35.63SELL
SMA (200)35.36SELL

About Franklin FTSE India ETF

Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE India Capped Index and in depositary receipts representing such securities. The FTSE India Capped Index is based on the FTSE India Index and is designed to measure the performance of Indian large- and mid-capitalization stocks. The fund is non-diversified.

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

Grade verdict

No real edge — avoid

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 RANGING 43
⏰ 4H BEARISH 35
🕐 1H BEARISH 98
⏱ 15-Min BULLISH 130
⏲ 5-Min BULLISH 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)
2.8×
Volume vs its 20-day average
-0.21
MACD (no fresh cross)

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.

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.