Verdicts genuinely change. Free email alert the moment FSRNX'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 Real Estate Index Fund · Fidelity Salem Street Trust
147 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 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 48.84% of portfolio weight is in non-compliant holdings, over the 5% threshold.
0.02% 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.
147 holdings, 99 matched (83% 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 69% of portfolio weight (89 of 147 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.
34.2% compliant 0.8% questionable 48.0% non-compliant 17.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WELL WELLTOWER INC | COMPLIANT | 9.06% | 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 | 7.93% | 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 | 4.66% | 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% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| DLR DIGITAL REALTY TRUST INC | COMPLIANT | 3.92% | 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 | 3.60% | AAOIFI3.5% 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 | 3.42% | 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 | 2.74% | 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 | 2.69% | 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 | 2.28% | 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% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 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 PPTYS INC | UNSCREENED | 1.79% | no in-house ratios for this holding |
| Fidelity Revere Street Trust | UNSCREENED | 1.72% | no in-house ratios for this holding |
| 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 | 1.45% | 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 and 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 | 1.09% | 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 | 1.02% | no in-house ratios for this holding |
| 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% |
| MID-AMERICA APT CMNTYS INC | UNSCREENED | 0.98% | no in-house ratios for this holding |
| SUI SUN COMMUNITIES INC | COMPLIANT | 0.98% | AAOIFI50.8% Usmani59.8% Dow Jones Islamic48.7% S&P Shariah50.2% MSCI Islamic59.8% MSCI Islamic M-Series50.2% FTSE Shariah59.8% |
| OHI OMEGA HEALTHCARE INVESTORS INC | NON_COMPLIANT | 0.90% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| REGENCY CENTERS CORP(REIT) | UNSCREENED | 0.89% | no in-house ratios for this holding |
| 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 | 0.75% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ELS EQUITY LIFESTYLE PROPERTIES INC | COMPLIANT | 0.73% | 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 | 0.67% | 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% | AAOIFI8.5% Usmani3.9% Dow Jones Islamic9.4% S&P Shariah9.9% MSCI Islamic3.9% MSCI Islamic M-Series9.9% FTSE Shariah3.9% |
| AHR AMERICAN HEALTHCARE REIT INC | COMPLIANT | 0.64% | AAOIFI14.3% Usmani33.6% Dow Jones Islamic22.1% S&P Shariah25.8% MSCI Islamic31.1% MSCI Islamic M-Series25.8% FTSE Shariah31.1% |
| FEDERAL REALTY INVESTMENT TR | UNSCREENED | 0.60% | no in-house ratios for this holding |
| BRIXMOR PROPERTY GROUP INC | UNSCREENED | 0.60% | 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 | 0.57% | 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 | 0.56% | no in-house ratios for this holding |
| FIRST INDUSTRIAL REALTY TRUST INC | UNSCREENED | 0.55% | no in-house ratios for this holding |
| NNN REIT INC | UNSCREENED | 0.55% | no in-house ratios for this holding |
| REXFORD INDL RLTY INC | UNSCREENED | 0.53% | no in-house ratios for this holding |
| ARE ALEXANDRIA REAL ESTATE EQUITIES INC | NON_COMPLIANT | 0.52% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| HR HEALTHCARE REALTY TRUST INC | NON_COMPLIANT | 0.51% | 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 PPTYS INC | UNSCREENED | 0.48% | no in-house ratios for this holding |
| COMPASS INC | UNSCREENED | 0.46% | no in-house ratios for this holding |
| TERRENO RLTY CORP | UNSCREENED | 0.46% | no in-house ratios for this holding |
| STAG STAG INDUSTRIAL INC | NON_COMPLIANT | 0.44% | 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 | 0.41% | 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 | 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% |
| 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% |
| EPRT ESSENTIAL PROPERTIES REALTY TRUST INC | NON_COMPLIANT | 0.39% | AAOIFI45.0% Usmani39.1% Dow Jones Islamic49.1% S&P Shariah55.6% MSCI Islamic39.1% MSCI Islamic M-Series55.6% FTSE Shariah39.1% |
| Z ZILLOW GROUP INC | NON_COMPLIANT | 0.34% | AAOIFI4.2% Usmani6.1% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic6.1% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| Fidelity Revere Street Trust | UNSCREENED | 0.34% | no in-house ratios for this holding |
| CUZ COUSINS PROPERTIES INC | NON_COMPLIANT | 0.33% | 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 and 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 | 0.32% | 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 | 0.29% | AAOIFI81.0% Usmani78.4% Dow Jones Islamic116.5% S&P Shariah138.2% MSCI Islamic78.4% MSCI Islamic M-Series138.2% FTSE Shariah48.0% |
| SKT TANGER INC | NON_COMPLIANT | 0.28% | 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 | 0.27% | no in-house ratios for this holding |
| MILLROSE PROPERTIES INC REIT | UNSCREENED | 0.26% | no in-house ratios for this holding |
| BROADSTONE NET LEASE INC | UNSCREENED | 0.26% | no in-house ratios for this holding |
| APPLE HOSPITALITY REIT INC. | UNSCREENED | 0.25% | no in-house ratios for this holding |
| AMERICOLD REALTY TRUST | UNSCREENED | 0.24% | no in-house ratios for this holding |
| IRT INDEPENDENCE REALTY TRUST INC | NON_COMPLIANT | 0.24% | AAOIFI62.8% Usmani40.1% Dow Jones Islamic60.8% S&P Shariah64.8% MSCI Islamic40.1% MSCI Islamic M-Series64.8% FTSE Shariah40.1% |
| 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% |
| HIGHWOODS PROPERTIES INC | UNSCREENED | 0.23% | no in-house ratios for this holding |
| NHI NATIONAL HEALTH INVESTORS INC | NON_COMPLIANT | 0.22% | AAOIFI36.6% Usmani43.0% Dow Jones Islamic37.3% S&P Shariah41.8% MSCI Islamic43.0% MSCI Islamic M-Series41.8% FTSE Shariah43.0% |
| PK PARK HOTELS and RESORTS INC | NON_COMPLIANT | 0.21% | AAOIFI129.2% Usmani51.1% Dow Jones Islamic173.2% S&P Shariah168.4% MSCI Islamic51.1% MSCI Islamic M-Series168.4% FTSE Shariah51.1% |
| 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% |
| CWK CUSHMAN and 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 | 0.18% | AAOIFI17.6% Usmani22.7% Dow Jones Islamic23.2% S&P Shariahfail MSCI Islamic22.7% MSCI Islamic M-Seriesfail FTSE Shariah22.7% |
| 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% |
| 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% |
| 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% |
| ACADIA REALTY TRUST | UNSCREENED | 0.17% | no in-house ratios for this holding |
| UE URBAN EDGE PROPERTIES | NON_COMPLIANT | 0.17% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| IVT INVENTRUST PROPERTIES CORP | NON_COMPLIANT | 0.17% | 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 COMPANY | NON_COMPLIANT | 0.16% | 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% |
| SUNSTONE HOTEL INVS INC NEW | UNSCREENED | 0.15% | no in-house ratios for this holding |
| 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 and RESORTS INC | NON_COMPLIANT | 0.13% | 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 | 0.13% | AAOIFI133.4% Usmani32.1% Dow Jones Islamic124.7% S&P Shariah129.5% MSCI Islamic32.1% MSCI Islamic M-Series129.5% FTSE Shariah32.1% |
| DEI DOUGLAS EMMETT INC | NON_COMPLIANT | 0.13% | AAOIFI299.2% Usmani59.9% Dow Jones Islamic257.7% S&P Shariah267.3% MSCI Islamic59.9% MSCI Islamic M-Series267.3% FTSE Shariah59.9% |
| 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% |
| RLJ LODGING TR | UNSCREENED | 0.12% | no in-house ratios for this holding |
| Z ZILLOW GROUP INC | NON_COMPLIANT | 0.12% | AAOIFI4.2% Usmani6.1% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic6.1% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| NTST NETSTREIT CORP | NON_COMPLIANT | 0.12% | AAOIFI68.1% Usmani46.0% Dow Jones Islamic94.2% S&P Shariah104.2% MSCI Islamic46.0% MSCI Islamic M-Series104.2% FTSE Shariah46.0% |
| 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 | 0.11% | no in-house ratios for this holding |
| GLOBAL NET LEASE INC | UNSCREENED | 0.11% | 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% |
| DIVERSIFIED HEALTHCARE TR | UNSCREENED | 0.10% | no in-house ratios for this holding |
| JBG SMITH PROPERTIES | UNSCREENED | 0.08% | no in-house ratios for this holding |
| 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% |
| 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 PPTYS INC | UNSCREENED | 0.07% | no in-house ratios for this holding |
| DEA EASTERLY GOVERNMENT PROPERTIES INC | NON_COMPLIANT | 0.06% | AAOIFI147.2% Usmani50.0% Dow Jones Islamic179.5% S&P Shariah177.7% MSCI Islamic50.0% MSCI Islamic M-Series177.7% FTSE Shariah50.0% |
| SERVICE PROPERTIES TRUST | UNSCREENED | 0.06% | no in-house ratios for this holding |
| CENTERSPACE | UNSCREENED | 0.06% | no in-house ratios for this holding |
| CBL and ASSOCIATES PROPERTIES INC | UNSCREENED | 0.05% | no in-house ratios for this holding |
| 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% |
| INN SUMMIT HOTEL PROPERTIES INC | NON_COMPLIANT | 0.05% | AAOIFI196.2% Usmani50.3% Dow Jones Islamic240.9% S&P Shariah239.5% MSCI Islamic50.3% MSCI Islamic M-Series239.5% FTSE Shariah50.3% |
| MMI MARCUS and MILLICHAP INC | NON_COMPLIANT | 0.05% | AAOIFI6.1% Usmani9.7% Dow Jones Islamic6.1% S&P Shariah6.0% MSCI Islamic9.7% MSCI Islamic M-Series6.0% FTSE Shariah0.0% |
| 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% |
| CLDT CHATHAM LODGING TRUST | NON_COMPLIANT | 0.04% | AAOIFI68.2% Usmani33.6% Dow Jones Islamic105.8% S&P Shariah103.2% MSCI Islamic33.6% MSCI Islamic M-Series103.2% FTSE Shariah33.6% |
| HUDSON PACIFIC PROPERTIES 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% |
| CTO CTO REALTY GROWTH INC | NON_COMPLIANT | 0.04% | AAOIFI80.6% Usmani50.0% Dow Jones Islamic115.6% S&P Shariah134.6% MSCI Islamic50.0% MSCI Islamic M-Series134.6% FTSE Shariah50.0% |
| UNIVERSAL HEALTH REALTY TRUST | UNSCREENED | 0.04% | no in-house ratios for this holding |
| ALEXANDERS INC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| AHRT AH REALTY TRUST INC | NON_COMPLIANT | 0.04% | AAOIFI150.8% Usmani49.6% Dow Jones Islamic173.5% S&P Shariah166.6% MSCI Islamic49.6% MSCI Islamic M-Series166.6% FTSE Shariah49.6% |
| 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% |
| COMMUNITY HEALTHCARE TRUST INC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| BRANDYWINE REALTY TRUST | UNSCREENED | 0.04% | no in-house ratios for this holding |
| FORESTAR GROUP INC | UNSCREENED | 0.04% | no in-house ratios for this holding |
| CHIRON REAL ESTATE INC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ONE LIBERTY PROPERTIES INC | UNSCREENED | 0.03% | no in-house ratios for this holding |
| FPI FARMLAND PARTNERS INC | NON_COMPLIANT | 0.03% | AAOIFI48.4% Usmani32.1% Dow Jones Islamic48.5% S&P Shariah49.1% MSCI Islamic32.1% MSCI Islamic M-Series49.1% FTSE Shariah32.1% |
| 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% |
| ILPT INDUSTRIAL LOGISTICS PROPERTIES TRUST | NON_COMPLIANT | 0.02% | AAOIFI761.6% Usmani81.7% Dow Jones Islamic1191.6% S&P Shariah1333.5% MSCI Islamic81.7% MSCI Islamic M-Series1333.5% FTSE Shariah81.7% |
| UST BILLS | NON_COMPLIANT | 0.02% | no in-house ratios for this holding |
| AGNT AGNT INC | COMPLIANT | 0.02% | 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 |
| RMR RMR GROUP INC | NON_COMPLIANT | 0.02% | AAOIFI10.2% Usmani9.0% Dow Jones Islamic12.2% S&P Shariah11.6% MSCI Islamic9.0% MSCI Islamic M-Series11.6% FTSE Shariah6.2% |
| LAND GLADSTONE LAND CORP | NON_COMPLIANT | 0.02% | AAOIFI114.6% Usmani40.8% Dow Jones Islamic132.5% S&P Shariah124.9% MSCI Islamic40.8% MSCI Islamic M-Series124.9% FTSE Shariah40.8% |
| TEJON RANCH CO | UNSCREENED | 0.02% | no in-house ratios for this holding |
| SITC SITE CENTERS CORP | NON_COMPLIANT | 0.01% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SEG SEAPORT ENTERTAINMENT GROUP INC | NON_COMPLIANT | 0.01% | AAOIFI11.1% Usmani6.9% Dow Jones Islamic13.1% S&P Shariahpass MSCI Islamic6.9% MSCI Islamic M-Seriesfail FTSE Shariah6.9% |
| CHICAGO BOARD OF TRADE | UNSCREENED | 0.01% | no in-house ratios for this holding |
| CHICAGO MERCANTILE EXCH INC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| OPEN OPENDOOR TECHNOLOGIES INC | NON_COMPLIANT | 0.00% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| OPEN OPENDOOR TECHNOLOGIES INC | NON_COMPLIANT | 0.00% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| NXDT NEXPOINT DIVERSIFIED REAL ESTATE TRUST | NON_COMPLIANT | 0.00% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| OPEN OPENDOOR TECHNOLOGIES INC | NON_COMPLIANT | 0.00% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
The published standards disagree about this fund by 31 points of portfolio weight — 37.6% 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 37.6% ratios fail on 27.5% 36.6% not rated under AAOIFI
ratios pass on 6.4% ratios fail on 46.1% 49.2% not rated under Usmani
ratios pass on 36.1% ratios fail on 27.0% 38.6% not rated under Dow Jones Islamic
ratios pass on 36.1% ratios fail on 27.0% 38.6% not rated under S&P Shariah
ratios pass on 16.3% ratios fail on 48.2% 37.3% not rated under MSCI Islamic
ratios pass on 36.1% ratios fail on 27.2% 38.4% not rated under MSCI Islamic M-Series
ratios pass on 19.2% ratios fail on 45.3% 37.3% not rated under FTSE Shariah
94 of 147 listed holdings carry our own per-methodology verdicts (84% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 88 (75% 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 | 4.66% |
| AMT AMERICAN TOWER CORP | 4.10% |
| O REALTY INCOME CORP | 3.60% |
| PSA PUBLIC STORAGE | 3.42% |
| IRM IRON MOUNTAIN INC | 2.28% |
| CCI CROWN CASTLE INC | 2.09% |
| EXR EXTRA SPACE STORAGE INC | 1.99% |
| AVB AVALONBAY COMMUNITIES INC | 1.68% |
| SBAC SBA COMMUNICATIONS CORP | 1.24% |
| WY WEYERHAEUSER CO | 1.16% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Fidelity Real Estate Index Fund (FSRNX) 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 |
|---|---|---|
| WELLWELLTOWER INC | 9.06% | Compliant |
| PLDPROLOGIS INC | 7.93% | Compliant |
| EQIXEQUINIX INC | 5.24% | Compliant |
| SPGSIMON PROPERTY GROUP INC | 4.66% | Non-compliant |
| AMTAMERICAN TOWER CORP | 4.10% | Non-compliant |
| DLRDIGITAL REALTY TRUST INC | 3.92% | Compliant |
| OREALTY INCOME CORP | 3.60% | Non-compliant |
| PSAPUBLIC STORAGE | 3.42% | Non-compliant |
| CBRECBRE GROUP INC | 2.74% | Compliant |
| VTRVENTAS INC | 2.69% | Compliant |
Top 10 of 147 holdings, 47.4% 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 FSRNX. 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
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) | 43.10 | NEUTRAL |
| Stochastic %K (14) | 47.37 | NEUTRAL |
| CCI (20) | -19.62 | NEUTRAL |
| Williams %R (14) | -52.63 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | -0.36 | SELL |
| Momentum (10) | -0.06 | SELL |
| EMA (10) | 16.59 | BUY |
| SMA (10) | 16.52 | BUY |
| EMA (20) | 16.78 | SELL |
| SMA (20) | 16.77 | SELL |
| EMA (30) | 16.96 | SELL |
| SMA (30) | 17.02 | SELL |
| EMA (50) | 17.19 | SELL |
| SMA (50) | 17.41 | SELL |
| EMA (100) | 17.32 | SELL |
| SMA (100) | 17.59 | SELL |
| EMA (200) | 17.00 | SELL |
| SMA (200) | 17.13 | 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.