Verdicts genuinely change. Free email alert the moment FLSW'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.
Franklin FTSE Switzerland ETF · Franklin Templeton ETF Trust
51 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 17.60% of portfolio weight is in non-compliant holdings, over the 5% threshold.
51 holdings, 45 matched (77% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
6.44% of this portfolio’s income is non-permissible — weighted across holdings, computed over 67% of portfolio weight (41 of 51 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.
59.7% compliant 0.0% questionable 17.5% non-compliant 22.8% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVS NOVARTIS AG | COMPLIANT | 13.46% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| RO.SW ROCHE HOLDING AG | COMPLIANT | 13.34% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NESTLE' SA/AG | UNSCREENED | 12.20% | no in-house ratios for this holding |
| ABB LTD (CH) | UNSCREENED | 7.76% | no in-house ratios for this holding |
| UBSG.SW UBS GROUP AG | NON_COMPLIANT | 4.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CFRUY COMPAGNIE FINANCIERE RICHEMONT SA | COMPLIANT | 3.89% | AAOIFI12.4% Usmani42.9% Dow Jones Islamic154.2% S&P Shariah168.7% MSCI Islamic31.7% MSCI Islamic M-Series168.7% FTSE Shariah31.7% |
| ZURN.SW ZURICH INSURANCE GROUP AG | NON_COMPLIANT | 3.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LONN.SW LONZA GROUP AG | COMPLIANT | 2.64% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SREN.SW SWISS RE AG | NON_COMPLIANT | 2.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HOLN.SW HOLCIM AG | COMPLIANT | 2.47% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GALDY GALDERMA GROUP AG | COMPLIANT | 2.35% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SDZ.SW SANDOZ GROUP AG | COMPLIANT | 2.10% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| INSTITUTIONAL FIDUCIARY TRUST | UNSCREENED | 2.06% | no in-house ratios for this holding |
| SIKA.SW SIKA AG | COMPLIANT | 1.85% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ALC ALCON AG | COMPLIANT | 1.84% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GIVN.SW GIVAUDAN SA | COMPLIANT | 1.81% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SLHN.SW SWISS LIFE HOLDING AG | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMRZ AMRIZE AG | COMPLIANT | 1.52% | AAOIFI24.3% Usmani25.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic24.0% MSCI Islamic M-Seriespass FTSE Shariah21.4% |
| LISP.SW CHOCOLADEFABRIKEN LINDT & SPRUENGLI AG | COMPLIANT | 1.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| VACN.SW VAT GROUP AG | COMPLIANT | 1.31% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GBERY GEBERIT AG | COMPLIANT | 1.23% | AAOIFI7.9% Usmani36.6% Dow Jones Islamic74.7% S&P Shariah80.0% MSCI Islamic35.1% MSCI Islamic M-Series80.0% FTSE Shariah35.1% |
| HBAN.SW HELVETIA BALOISE HOLDING AG | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SCMN.SW SWISSCOM AG | COMPLIANT | 1.10% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SGSN.SW SGS SA | COMPLIANT | 1.08% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAER.SW JULIUS BAER GROUP AG | NON_COMPLIANT | 0.99% | AAOIFI28.4% Usmani4.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.0% MSCI Islamic M-Seriesfail FTSE Shariah4.0% |
| PGHN.SW PARTNERS GROUP HOLDING AG | COMPLIANT | 0.98% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| STMN.SW STRAUMANN HOLDING AG | COMPLIANT | 0.79% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LOGN.SW LOGITECH INTERNATIONAL SA | COMPLIANT | 0.77% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SCHP.SW SCHINDLER HOLDING AG | COMPLIANT | 0.74% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SPSN.SW SWISS PRIME SITE AG | NON_COMPLIANT | 0.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SOON.SW SONOVA HOLDING AG | COMPLIANT | 0.65% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| KUEHNE & NAGEL INTERNATIONAL AG | UNSCREENED | 0.63% | no in-house ratios for this holding |
| BEAN.SW BELIMO HOLDING AG | COMPLIANT | 0.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RO.SW ROCHE HOLDING AG | COMPLIANT | 0.57% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PSPN.SW PSP SWISS PROPERTY AG | NON_COMPLIANT | 0.46% | AAOIFI51.4% Usmani33.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic33.1% MSCI Islamic M-Seriesfail FTSE Shariah33.1% |
| UHR.SW SWATCH GROUP AG (THE) | COMPLIANT | 0.38% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SCHP.SW SCHINDLER HOLDING AG | COMPLIANT | 0.37% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| AVOL.SW AVOLTA AG | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EMSN.SW EMS-CHEMIE HOLDING AG | COMPLIANT | 0.34% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| FLUGHAFEN ZUERICH AG | UNSCREENED | 0.33% | no in-house ratios for this holding |
| SQN.SW SWISSQUOTE GROUP HOLDING SA | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SIGN.SW SIG GROUP AG | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BARN.SW BARRY CALLEBAUT AG | NON_COMPLIANT | 0.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TEMN.SW TEMENOS AG | COMPLIANT | 0.24% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BCVN.SW BANQUE CANTONALE VAUDOISE SA | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GF.SW GEORG FISCHER AG | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BKW.SW BKW AG | NON_COMPLIANT | 0.19% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BANB.SW BACHEM HOLDING AG | COMPLIANT | 0.16% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| VZN.SW VZ HOLDING AG | COMPLIANT | 0.15% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| UHR.SW SWATCH GROUP AG (THE) | COMPLIANT | 0.11% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| EUREX Clearing Aktiengesellschaft | UNSCREENED | 0.03% | no in-house ratios for this holding |
The published standards disagree about this fund by 27 points of portfolio weight — 56.0% of it passes AAOIFI, 28.7% passes Usmani. 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 56.0% ratios fail on 17.6% 27.2% not rated under AAOIFI
ratios pass on 28.7% ratios fail on 44.9% 27.2% not rated under Usmani
ratios pass on 37.4% ratios fail on 22.7% 40.6% not rated under Dow Jones Islamic
ratios pass on 36.3% ratios fail on 23.8% 40.6% not rated under S&P Shariah
ratios pass on 29.9% ratios fail on 30.2% 40.6% not rated under MSCI Islamic
ratios pass on 36.2% ratios fail on 24.0% 40.6% not rated under MSCI Islamic M-Series
ratios pass on 30.2% ratios fail on 29.9% 40.6% not rated under FTSE Shariah
42 of 51 listed holdings carry our own per-methodology verdicts (78% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 6 (22% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| UBSG.SW UBS GROUP AG | 4.41% |
| ZURN.SW ZURICH INSURANCE GROUP AG | 3.72% |
| SREN.SW SWISS RE AG | 2.62% |
| SLHN.SW SWISS LIFE HOLDING AG | 1.72% |
| HBAN.SW HELVETIA BALOISE HOLDING AG | 1.11% |
| BAER.SW JULIUS BAER GROUP AG | 0.99% |
| SPSN.SW SWISS PRIME SITE AG | 0.73% |
| PSPN.SW PSP SWISS PROPERTY AG | 0.46% |
| AVOL.SW AVOLTA AG | 0.35% |
| SQN.SW SWISSQUOTE GROUP HOLDING SA | 0.30% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Franklin FTSE Switzerland ETF (FLSW) 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 |
|---|---|---|
| NVSNOVARTIS AG | 13.46% | Compliant |
| RO.SWROCHE HOLDING AG | 13.34% | Compliant |
| NESTLE' SA/AGnot matched to a ticker | 12.20% | Not screened |
| ABB LTD (CH)not matched to a ticker | 7.76% | Not screened |
| UBSG.SWUBS GROUP AG | 4.41% | Non-compliant |
| CFRUYCOMPAGNIE FINANCIERE RICHEMONT SA | 3.89% | Compliant |
| ZURN.SWZURICH INSURANCE GROUP AG | 3.72% | Non-compliant |
| LONN.SWLONZA GROUP AG | 2.64% | Compliant |
| SREN.SWSWISS RE AG | 2.62% | Non-compliant |
| HOLN.SWHOLCIM AG | 2.47% | Compliant |
Top 10 of 51 holdings, 66.5% 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 FLSW. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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.
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) | 35.00 | NEUTRAL |
| Stochastic %K (14) | 22.67 | NEUTRAL |
| CCI (20) | -129.29 | BUY |
| Williams %R (14) | -77.33 | NEUTRAL |
| MACD (12,26,9) | -0.04 | SELL |
| ROC (10) | -2.81 | SELL |
| Momentum (10) | -1.18 | SELL |
| EMA (10) | 41.24 | SELL |
| SMA (10) | 41.35 | SELL |
| EMA (20) | 41.72 | SELL |
| SMA (20) | 41.60 | SELL |
| EMA (30) | 42.08 | SELL |
| SMA (30) | 42.38 | SELL |
| EMA (50) | 42.45 | SELL |
| SMA (50) | 43.05 | SELL |
| EMA (100) | 42.47 | SELL |
| SMA (100) | 42.86 | SELL |
| EMA (200) | 41.71 | SELL |
| SMA (200) | 42.08 | 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.