FRELETF / FundFidelity MSCI Real Estate Index ETF
Verdicts genuinely change. Free email alert the moment FREL'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.
Fidelity MSCI Real Estate Index ETF ETF · FIDELITY COVINGTON TRUST
124 holdings · as of 2026-07-31 (2.8 months ago)
NON-COMPLIANT 54.22% of portfolio weight is in non-compliant holdings, over the 5% threshold.
124 holdings, 94 matched (90% of weight). Portfolio as of 2026-07-31, filed 2026-09-23. Source: SEC Form N-PORT.
0.77% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (89 of 124 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.
35.4% compliant 0.8% questionable 54.2% non-compliant 9.6% unscreened
All holdings (124)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL Welltower Inc | COMPLIANT | 9.08% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| PLD Prologis Inc | COMPLIANT | 7.94% | AAOIFI25.8% Usmani35.3% Dow Jones Islamic31.2% S&P Shariah32.1% MSCI Islamic35.3% MSCI Islamic M-Series32.1% FTSE Shariah35.3% |
| EQIX Equinix Inc | COMPLIANT | 5.24% | AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4% |
| SPG Simon Property Group Inc | NON_COMPLIANT | 4.69% | AAOIFI42.4% Usmani72.3% Dow Jones Islamic57.5% S&P Shariah63.8% MSCI Islamic72.3% MSCI Islamic M-Series63.8% FTSE Shariah72.3% |
| AMT American Tower Corp | NON_COMPLIANT | 4.10% | AAOIFI52.7% Usmani71.1% Dow Jones Islamic52.4% S&P Shariah52.4% MSCI Islamic71.1% MSCI Islamic M-Series52.4% FTSE Shariah58.8% |
| DLR Digital Realty Trust Inc | COMPLIANT | 3.95% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| O Realty Income Corp | NON_COMPLIANT | 3.63% | AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6% |
| PSA Public Storage | NON_COMPLIANT | 3.43% | AAOIFI18.1% Usmani50.6% Dow Jones Islamic19.9% S&P Shariah20.7% MSCI Islamic50.6% MSCI Islamic M-Series20.7% FTSE Shariah50.6% |
| CBRE CBRE Group Inc | COMPLIANT | 2.75% | AAOIFI20.1% Usmani27.9% Dow Jones Islamic19.6% S&P Shariah22.3% MSCI Islamic27.2% MSCI Islamic M-Series22.3% FTSE Shariah19.0% |
| VTR Ventas Inc | COMPLIANT | 2.71% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| IRM Iron Mountain Inc | NON_COMPLIANT | 2.29% | AAOIFI57.3% Usmani93.4% Dow Jones Islamic66.1% S&P Shariah73.7% MSCI Islamic90.9% MSCI Islamic M-Series73.7% FTSE Shariah79.0% |
| CCI Crown Castle Inc | NON_COMPLIANT | 2.09% | AAOIFI67.9% Usmani108.8% Dow Jones Islamic61.9% S&P Shariah60.7% MSCI Islamic108.8% MSCI Islamic M-Series60.7% FTSE Shariah84.8% |
| EXR Extra Space Storage Inc | NON_COMPLIANT | 1.99% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| VICI VICI Properties Inc | NON_COMPLIANT | 1.79% | AAOIFI57.8% Usmani35.1% Dow Jones Islamic55.7% S&P Shariah58.1% MSCI Islamic35.1% MSCI Islamic M-Series58.1% FTSE Shariah35.1% |
| AVB AvalonBay Communities Inc | NON_COMPLIANT | 1.68% | AAOIFIfail Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| Equity Residential | UNSCREENED | 1.46% | no in-house ratios for this holding |
| SBAC SBA Communications Corp | NON_COMPLIANT | 1.24% | AAOIFI63.3% Usmani108.4% Dow Jones Islamic58.7% S&P Shariah58.5% MSCI Islamic108.4% MSCI Islamic M-Series58.5% FTSE Shariah108.4% |
| WY Weyerhaeuser Co | NON_COMPLIANT | 1.16% | AAOIFI31.3% Usmani32.1% Dow Jones Islamic28.8% S&P Shariah27.4% MSCI Islamic32.1% MSCI Islamic M-Series27.4% FTSE Shariah32.1% |
| ESS Essex Property Trust Inc | NON_COMPLIANT | 1.16% | AAOIFI35.7% Usmani49.5% Dow Jones Islamic37.2% S&P Shariah39.3% MSCI Islamic49.5% MSCI Islamic M-Series39.3% FTSE Shariah49.5% |
| HST Host Hotels & Resorts Inc | NON_COMPLIANT | 1.13% | AAOIFI8.4% Usmani9.6% Dow Jones Islamic10.8% S&P Shariah11.0% MSCI Islamic9.6% MSCI Islamic M-Series11.0% FTSE Shariah9.6% |
| INVH Invitation Homes Inc | NON_COMPLIANT | 1.12% | AAOIFI52.4% Usmani46.2% Dow Jones Islamic47.8% S&P Shariah46.8% MSCI Islamic46.2% MSCI Islamic M-Series46.8% FTSE Shariah46.2% |
| KIM Kimco Realty Corp | NON_COMPLIANT | 1.10% | AAOIFI51.8% Usmani38.5% Dow Jones Islamic53.4% S&P Shariah57.2% MSCI Islamic38.5% MSCI Islamic M-Series57.2% FTSE Shariah38.5% |
| JLL Jones Lang LaSalle Inc | NON_COMPLIANT | 1.07% | AAOIFI18.3% Usmani14.4% Dow Jones Islamic18.3% S&P Shariah20.5% MSCI Islamic14.4% MSCI Islamic M-Series20.5% FTSE Shariah9.4% |
| WP Carey Inc | UNSCREENED | 1.03% | no in-house ratios for this holding |
| SUI Sun Communities Inc | COMPLIANT | 0.99% | AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8% |
| DOC Healthpeak Properties Inc | NON_COMPLIANT | 0.99% | AAOIFI67.5% Usmani46.3% Dow Jones Islamic80.6% S&P Shariah86.7% MSCI Islamic46.3% MSCI Islamic M-Series86.7% FTSE Shariah46.3% |
| MAA Mid-America Apartment Communities Inc | NON_COMPLIANT | 0.99% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| OHI Omega Healthcare Investors Inc | NON_COMPLIANT | 0.91% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| REG Regency Centers Corp | NON_COMPLIANT | 0.90% | AAOIFI36.3% Usmani38.4% Dow Jones Islamic38.6% S&P Shariah41.4% MSCI Islamic38.4% MSCI Islamic M-Series41.4% FTSE Shariah38.4% |
| Lamar Advertising Co | UNSCREENED | 0.89% | no in-house ratios for this holding |
| GLPI Gaming and Leisure Properties Inc | NON_COMPLIANT | 0.78% | AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1% |
| CSGP CoStar Group Inc | QUESTIONABLE | 0.77% | AAOIFI9.1% Usmani11.4% Dow Jones Islamic4.2% S&P Shariah3.9% MSCI Islamic11.3% MSCI Islamic M-Series3.9% FTSE Shariah9.8% |
| UDR UDR Inc | NON_COMPLIANT | 0.76% | AAOIFI41.8% Usmani54.8% Dow Jones Islamic45.2% S&P Shariah46.9% MSCI Islamic54.8% MSCI Islamic M-Series46.9% FTSE Shariah54.8% |
| CPT Camden Property Trust | NON_COMPLIANT | 0.76% | AAOIFI49.3% Usmani51.3% Dow Jones Islamic43.8% S&P Shariah45.2% MSCI Islamic51.3% MSCI Islamic M-Series45.2% FTSE Shariah51.3% |
| ELS Equity LifeStyle Properties Inc | COMPLIANT | 0.74% | AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2% |
| AMH American Homes 4 Rent | NON_COMPLIANT | 0.70% | AAOIFI43.9% Usmani39.1% Dow Jones Islamic43.1% S&P Shariah43.1% MSCI Islamic39.1% MSCI Islamic M-Series43.1% FTSE Shariah39.1% |
| EGP EastGroup Properties Inc | COMPLIANT | 0.69% | AAOIFI15.0% Usmani29.2% Dow Jones Islamic17.6% S&P Shariah18.6% MSCI Islamic29.2% MSCI Islamic M-Series18.6% FTSE Shariah29.2% |
| BXP BXP Inc | NON_COMPLIANT | 0.67% | AAOIFI9.3% Usmani3.9% Dow Jones Islamic9.6% S&P Shariah9.9% MSCI Islamic3.9% MSCI Islamic M-Series9.9% FTSE Shariah3.9% |
| AHR American Healthcare REIT Inc | COMPLIANT | 0.65% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| FRT Federal Realty Investment Trust | NON_COMPLIANT | 0.62% | AAOIFI48.5% Usmani54.6% Dow Jones Islamic56.8% S&P Shariah59.6% MSCI Islamic54.6% MSCI Islamic M-Series59.6% FTSE Shariah54.6% |
| Brixmor Property Group Inc | UNSCREENED | 0.61% | no in-house ratios for this holding |
| CUBE CubeSmart | NON_COMPLIANT | 0.60% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| CTRE CareTrust REIT Inc | NON_COMPLIANT | 0.59% | AAOIFI14.0% Usmani20.3% Dow Jones Islamic17.7% S&P Shariah21.9% MSCI Islamic20.3% MSCI Islamic M-Series21.9% FTSE Shariah20.3% |
| Agree Realty Corp | UNSCREENED | 0.57% | no in-house ratios for this holding |
| NNN REIT Inc | UNSCREENED | 0.56% | no in-house ratios for this holding |
| First Industrial Realty Trust Inc | UNSCREENED | 0.56% | no in-house ratios for this holding |
| REXR Rexford Industrial Realty Inc | NON_COMPLIANT | 0.54% | AAOIFI39.8% Usmani28.1% Dow Jones Islamic38.3% S&P Shariah36.9% MSCI Islamic28.1% MSCI Islamic M-Series36.9% FTSE Shariah28.1% |
| ARE Alexandria Real Estate Equities Inc | NON_COMPLIANT | 0.52% | AAOIFI183.2% Usmani37.0% Dow Jones Islamic113.6% S&P Shariah95.2% MSCI Islamic37.0% MSCI Islamic M-Series95.2% FTSE Shariah37.0% |
| HR Healthcare Realty Trust Inc | NON_COMPLIANT | 0.50% | AAOIFI63.6% Usmani46.3% Dow Jones Islamic71.4% S&P Shariah74.8% MSCI Islamic46.3% MSCI Islamic M-Series74.8% FTSE Shariah46.3% |
| Ryman Hospitality Properties Inc | UNSCREENED | 0.49% | no in-house ratios for this holding |
| Compass Inc | UNSCREENED | 0.47% | no in-house ratios for this holding |
| TRNO Terreno Realty Corp | COMPLIANT | 0.47% | AAOIFI13.1% Usmani16.5% Dow Jones Islamic15.2% S&P Shariah16.2% MSCI Islamic16.5% MSCI Islamic M-Series16.2% FTSE Shariah16.5% |
| STAG STAG Industrial Inc | NON_COMPLIANT | 0.45% | AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6% |
| RYN Rayonier Inc | NON_COMPLIANT | 0.42% | AAOIFI34.1% Usmani27.1% Dow Jones Islamic48.4% S&P Shariah51.1% MSCI Islamic26.9% MSCI Islamic M-Series51.1% FTSE Shariah26.6% |
| MAC Macerich Co/The | NON_COMPLIANT | 0.41% | AAOIFI73.6% Usmani56.9% Dow Jones Islamic104.4% S&P Shariah119.9% MSCI Islamic56.9% MSCI Islamic M-Series119.9% FTSE Shariah56.9% |
| VNO Vornado Realty Trust | NON_COMPLIANT | 0.41% | AAOIFI35.1% Usmani16.7% Dow Jones Islamic37.5% S&P Shariah41.9% MSCI Islamic16.7% MSCI Islamic M-Series41.9% FTSE Shariah16.7% |
| EPRT Essential Properties Realty Trust Inc | NON_COMPLIANT | 0.40% | AAOIFI45.0% Usmani39.1% Dow Jones Islamic49.1% S&P Shariah55.6% MSCI Islamic39.1% MSCI Islamic M-Series55.6% FTSE Shariah39.1% |
| KRG Kite Realty Group Trust | NON_COMPLIANT | 0.40% | AAOIFI54.4% Usmani45.4% Dow Jones Islamic57.1% S&P Shariah59.9% MSCI Islamic45.4% MSCI Islamic M-Series59.9% FTSE Shariah45.4% |
| Z Zillow Group Inc | NON_COMPLIANT | 0.35% | AAOIFI4.2% Usmani6.1% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic6.1% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| CUZ Cousins Properties Inc | NON_COMPLIANT | 0.34% | AAOIFI77.9% Usmani41.3% Dow Jones Islamic85.2% S&P Shariah94.4% MSCI Islamic41.3% MSCI Islamic M-Series94.4% FTSE Shariah41.3% |
| PECO Phillips Edison & Co Inc | NON_COMPLIANT | 0.33% | AAOIFI44.6% Usmani45.0% Dow Jones Islamic54.6% S&P Shariah57.5% MSCI Islamic45.0% MSCI Islamic M-Series57.5% FTSE Shariah45.0% |
| SBRA Sabra Health Care REIT Inc | NON_COMPLIANT | 0.33% | AAOIFI49.4% Usmani47.6% Dow Jones Islamic61.2% S&P Shariah69.2% MSCI Islamic47.6% MSCI Islamic M-Series69.2% FTSE Shariah47.6% |
| EPR EPR Properties | NON_COMPLIANT | 0.30% | AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4% |
| OUT Outfront Media Inc | NON_COMPLIANT | 0.30% | AAOIFI81.0% Usmani78.4% Dow Jones Islamic116.5% S&P Shariah138.2% MSCI Islamic78.4% MSCI Islamic M-Series138.2% FTSE Shariah48.0% |
| State Street Global Advisors | UNSCREENED | 0.29% | no in-house ratios for this holding |
| SKT Tanger Inc | NON_COMPLIANT | 0.29% | AAOIFI43.4% Usmani65.1% Dow Jones Islamic49.7% S&P Shariah55.2% MSCI Islamic65.1% MSCI Islamic M-Series55.2% FTSE Shariah65.1% |
| Kilroy Realty Corp | UNSCREENED | 0.28% | no in-house ratios for this holding |
| COPT Defense Properties | UNSCREENED | 0.28% | no in-house ratios for this holding |
| MRP Millrose Properties Inc | NON_COMPLIANT | 0.26% | AAOIFI50.2% Usmani25.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.5% MSCI Islamic M-Seriesfail FTSE Shariah25.5% |
| Broadstone Net Lease Inc | UNSCREENED | 0.26% | no in-house ratios for this holding |
| Americold Realty Trust Inc | UNSCREENED | 0.25% | no in-house ratios for this holding |
| IRT Independence Realty Trust Inc | NON_COMPLIANT | 0.25% | AAOIFI62.8% Usmani40.1% Dow Jones Islamic60.8% S&P Shariah64.8% MSCI Islamic40.1% MSCI Islamic M-Series64.8% FTSE Shariah40.1% |
| Apple Hospitality REIT Inc | UNSCREENED | 0.24% | no in-house ratios for this holding |
| SL Green Realty Corp | UNSCREENED | 0.24% | no in-house ratios for this holding |
| LXP LXP Industrial Trust | NON_COMPLIANT | 0.23% | AAOIFI38.0% Usmani39.4% Dow Jones Islamic51.3% S&P Shariah53.6% MSCI Islamic39.4% MSCI Islamic M-Series53.6% FTSE Shariah39.4% |
| NHI National Health Investors Inc | NON_COMPLIANT | 0.23% | AAOIFI36.6% Usmani43.0% Dow Jones Islamic37.3% S&P Shariah41.8% MSCI Islamic43.0% MSCI Islamic M-Series41.8% FTSE Shariah43.0% |
| Highwoods Properties Inc | UNSCREENED | 0.23% | no in-house ratios for this holding |
| OPEN Opendoor Technologies Inc | NON_COMPLIANT | 0.21% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| PK Park Hotels & Resorts Inc | NON_COMPLIANT | 0.20% | AAOIFI129.2% Usmani51.1% Dow Jones Islamic173.2% S&P Shariah168.4% MSCI Islamic51.1% MSCI Islamic M-Series168.4% FTSE Shariah51.1% |
| CWK Cushman & Wakefield Ltd | NON_COMPLIANT | 0.20% | AAOIFI94.4% Usmani40.1% Dow Jones Islamic97.5% S&P Shariah107.0% MSCI Islamic40.1% MSCI Islamic M-Series107.0% FTSE Shariah35.1% |
| CURB Curbline Properties Corp | NON_COMPLIANT | 0.19% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| UE Urban Edge Properties | NON_COMPLIANT | 0.18% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Acadia Realty Trust | UNSCREENED | 0.18% | no in-house ratios for this holding |
| LINE Lineage Inc | NON_COMPLIANT | 0.18% | AAOIFI78.9% Usmani43.1% Dow Jones Islamic66.3% S&P Shariahfail MSCI Islamic36.3% MSCI Islamic M-Seriesfail FTSE Shariah32.9% |
| DRH DiamondRock Hospitality Co | NON_COMPLIANT | 0.18% | AAOIFI44.7% Usmani35.8% Dow Jones Islamic60.3% S&P Shariah62.3% MSCI Islamic35.8% MSCI Islamic M-Series62.3% FTSE Shariah35.8% |
| MPT Medical Properties Trust Inc | NON_COMPLIANT | 0.18% | AAOIFI403.5% Usmani65.5% Dow Jones Islamic352.0% S&P Shariah371.3% MSCI Islamic65.5% MSCI Islamic M-Series371.3% FTSE Shariah65.5% |
| IVT InvenTrust Properties Corp | NON_COMPLIANT | 0.18% | AAOIFI43.0% Usmani36.1% Dow Jones Islamic48.9% S&P Shariah54.2% MSCI Islamic36.1% MSCI Islamic M-Series54.2% FTSE Shariah36.1% |
| FCPT Four Corners Property Trust Inc | NON_COMPLIANT | 0.17% | AAOIFI45.8% Usmani41.8% Dow Jones Islamic49.5% S&P Shariah53.9% MSCI Islamic41.8% MSCI Islamic M-Series53.9% FTSE Shariah41.8% |
| JOE St Joe Co/The | NON_COMPLIANT | 0.17% | AAOIFI10.0% Usmani24.6% Dow Jones Islamic11.6% S&P Shariah11.6% MSCI Islamic24.6% MSCI Islamic M-Series11.6% FTSE Shariah24.6% |
| PEB Pebblebrook Hotel Trust | NON_COMPLIANT | 0.15% | AAOIFI102.3% Usmani39.4% Dow Jones Islamic141.2% S&P Shariah134.2% MSCI Islamic39.4% MSCI Islamic M-Series134.2% FTSE Shariah39.4% |
| SHO Sunstone Hotel Investors Inc | NON_COMPLIANT | 0.15% | AAOIFI48.5% Usmani32.3% Dow Jones Islamic52.6% S&P Shariah52.1% MSCI Islamic32.3% MSCI Islamic M-Series52.1% FTSE Shariah32.3% |
| NMRK Newmark Group Inc | NON_COMPLIANT | 0.14% | AAOIFI50.7% Usmani26.3% Dow Jones Islamic51.6% S&P Shariah58.7% MSCI Islamic26.3% MSCI Islamic M-Series58.7% FTSE Shariah16.7% |
| XHR Xenia Hotels & Resorts Inc | NON_COMPLIANT | 0.14% | AAOIFI73.4% Usmani50.0% Dow Jones Islamic98.2% S&P Shariah100.8% MSCI Islamic50.0% MSCI Islamic M-Series100.8% FTSE Shariah50.0% |
| HHH Howard Hughes Holdings Inc | NON_COMPLIANT | 0.14% | AAOIFI133.4% Usmani32.1% Dow Jones Islamic124.7% S&P Shariah129.5% MSCI Islamic32.1% MSCI Islamic M-Series129.5% FTSE Shariah32.1% |
| LB Landbridge Co LLC | COMPLIANT | 0.13% | AAOIFI8.0% Usmani38.9% Dow Jones Islamic10.9% S&P Shariahpass MSCI Islamic38.9% MSCI Islamic M-Seriespass FTSE Shariah38.9% |
| NTST NETSTREIT Corp | NON_COMPLIANT | 0.13% | AAOIFI68.1% Usmani46.0% Dow Jones Islamic94.2% S&P Shariah104.2% MSCI Islamic46.0% MSCI Islamic M-Series104.2% FTSE Shariah46.0% |
| RLJ RLJ Lodging Trust | NON_COMPLIANT | 0.13% | AAOIFI161.0% Usmani51.5% Dow Jones Islamic218.3% S&P Shariah209.0% MSCI Islamic51.5% MSCI Islamic M-Series209.0% FTSE Shariah51.5% |
| LTC LTC Properties Inc | NON_COMPLIANT | 0.12% | AAOIFI35.4% Usmani35.7% Dow Jones Islamic47.6% S&P Shariah52.3% MSCI Islamic35.7% MSCI Islamic M-Series52.3% FTSE Shariah35.7% |
| Getty Realty Corp | UNSCREENED | 0.12% | no in-house ratios for this holding |
| SMA Smartstop Self Storage REIT Inc | NON_COMPLIANT | 0.11% | AAOIFI58.1% Usmani46.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic46.1% MSCI Islamic M-Series— FTSE Shariah46.1% |
| Global Net Lease Inc | UNSCREENED | 0.11% | no in-house ratios for this holding |
| DEI Douglas Emmett Inc | NON_COMPLIANT | 0.11% | AAOIFI299.2% Usmani59.9% Dow Jones Islamic257.7% S&P Shariah267.3% MSCI Islamic59.9% MSCI Islamic M-Series267.3% FTSE Shariah59.9% |
| DHC Diversified Healthcare Trust | NON_COMPLIANT | 0.11% | AAOIFI134.3% Usmani57.6% Dow Jones Islamic211.6% S&P Shariah249.7% MSCI Islamic57.6% MSCI Islamic M-Series249.7% FTSE Shariah57.6% |
| Z Zillow Group Inc | NON_COMPLIANT | 0.08% | AAOIFI4.2% Usmani6.1% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic6.1% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| PDM Piedmont Realty Trust Inc | NON_COMPLIANT | 0.08% | AAOIFI189.3% Usmani55.8% Dow Jones Islamic218.0% S&P Shariah236.0% MSCI Islamic55.8% MSCI Islamic M-Series236.0% FTSE Shariah55.8% |
| JBG SMITH Properties | UNSCREENED | 0.08% | no in-house ratios for this holding |
| AAT American Assets Trust Inc | NON_COMPLIANT | 0.08% | AAOIFI128.1% Usmani58.6% Dow Jones Islamic137.3% S&P Shariah141.5% MSCI Islamic58.6% MSCI Islamic M-Series141.5% FTSE Shariah58.6% |
| UMH Properties Inc | UNSCREENED | 0.08% | no in-house ratios for this holding |
| DEA Easterly Government Properties Inc | NON_COMPLIANT | 0.07% | AAOIFI147.2% Usmani50.0% Dow Jones Islamic179.5% S&P Shariah177.7% MSCI Islamic50.0% MSCI Islamic M-Series177.7% FTSE Shariah50.0% |
| Centerspace | UNSCREENED | 0.06% | no in-house ratios for this holding |
| Service Properties Trust | UNSCREENED | 0.06% | no in-house ratios for this holding |
| CBL & Associates Properties Inc | UNSCREENED | 0.06% | no in-house ratios for this holding |
| MMI Marcus & Millichap Inc | NON_COMPLIANT | 0.05% | AAOIFI7.2% Usmani9.7% Dow Jones Islamic6.2% S&P Shariah6.0% MSCI Islamic9.7% MSCI Islamic M-Series6.0% FTSE Shariah0.0% |
| SAFE Safehold Inc | NON_COMPLIANT | 0.05% | AAOIFI434.6% Usmani61.9% Dow Jones Islamic408.0% S&P Shariah392.9% MSCI Islamic61.9% MSCI Islamic M-Series392.9% FTSE Shariah61.9% |
| ESRT Empire State Realty Trust Inc | NON_COMPLIANT | 0.05% | AAOIFI161.7% Usmani29.7% Dow Jones Islamic99.6% S&P Shariah93.0% MSCI Islamic29.7% MSCI Islamic M-Series93.0% FTSE Shariah29.7% |
| Alexander's Inc | UNSCREENED | 0.04% | no in-house ratios for this holding |
| Forestar Group Inc | UNSCREENED | 0.04% | no in-house ratios for this holding |
| NXRT NexPoint Residential Trust Inc | NON_COMPLIANT | 0.04% | AAOIFI266.0% Usmani86.4% Dow Jones Islamic202.1% S&P Shariah205.1% MSCI Islamic86.4% MSCI Islamic M-Series205.1% FTSE Shariah86.4% |
| GOOD Gladstone Commercial Corp | NON_COMPLIANT | 0.04% | AAOIFI133.2% Usmani68.5% Dow Jones Islamic150.0% S&P Shariah163.1% MSCI Islamic68.5% MSCI Islamic M-Series163.1% FTSE Shariah68.5% |
| Brandywine Realty Trust | UNSCREENED | 0.04% | no in-house ratios for this holding |
| BFS Saul Centers Inc | NON_COMPLIANT | 0.03% | AAOIFI199.6% Usmani74.3% Dow Jones Islamic202.8% S&P Shariah205.7% MSCI Islamic74.3% MSCI Islamic M-Series205.7% FTSE Shariah74.3% |
| AGNT AGNT Inc | COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Apartment Investment and Management Co | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Chicago Board of Trade | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 32 points of portfolio weight — 38.2% of it passes AAOIFI, 6.4% 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 38.2% ratios fail on 37.2% 24.6% not rated under AAOIFI
ratios pass on 6.4% ratios fail on 55.0% 38.6% not rated under Usmani
ratios pass on 36.6% ratios fail on 36.7% 26.6% not rated under Dow Jones Islamic
ratios pass on 36.6% ratios fail on 36.7% 26.6% not rated under S&P Shariah
ratios pass on 17.7% ratios fail on 57.1% 25.2% not rated under MSCI Islamic
ratios pass on 36.6% ratios fail on 37.0% 26.4% not rated under MSCI Islamic M-Series
ratios pass on 20.6% ratios fail on 54.2% 25.2% not rated under FTSE Shariah
93 of 124 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, 91 (89% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SPG Simon Property Group Inc | 4.69% |
| AMT American Tower Corp | 4.10% |
| O Realty Income Corp | 3.63% |
| PSA Public Storage | 3.43% |
| IRM Iron Mountain Inc | 2.29% |
| CCI Crown Castle Inc | 2.09% |
| EXR Extra Space Storage Inc | 1.99% |
| VICI VICI Properties Inc | 1.79% |
| AVB AvalonBay Communities Inc | 1.68% |
| SBAC SBA Communications Corp | 1.24% |
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.
Fidelity MSCI Real Estate Index ETF (FREL) 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 FREL — 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) | 55.50 | NEUTRAL |
| Stochastic %K (14) | 81.71 | SELL |
| CCI (20) | 160.25 | SELL |
| Williams %R (14) | -18.29 | SELL |
| MACD (12,26,9) | 0.15 | BUY |
| ROC (10) | 2.44 | BUY |
| Momentum (10) | 0.67 | BUY |
| EMA (10) | 27.81 | BUY |
| SMA (10) | 27.78 | BUY |
| EMA (20) | 27.76 | BUY |
| SMA (20) | 27.50 | BUY |
| EMA (30) | 27.87 | BUY |
| SMA (30) | 27.67 | BUY |
| EMA (50) | 28.14 | BUY |
| SMA (50) | 28.30 | SELL |
| EMA (100) | 28.38 | SELL |
| SMA (100) | 28.87 | SELL |
| EMA (200) | 27.94 | BUY |
| SMA (200) | 28.28 | SELL |
About Fidelity MSCI Real Estate Index ETF
The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Real Estate 25/25 Index, which represents the performance of the real estate sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Real Estate 25/25 Index.
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 | BULLISH | 44 |
| ⏰ 4H | BULLISH | 36 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | RANGING | 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.
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 2026-10-20 · Asset managers net 901377 (-14458)
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.