Verdicts genuinely change. Free email alert the moment GCEEX'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.
Goldman Sachs Clean Energy Income Fund · GOLDMAN SACHS TRUST
43 holdings
NON-COMPLIANT 57.86% of portfolio weight is in non-compliant holdings, over the 5% threshold.
43 holdings, 40 matched (94% of weight). Portfolio as of 2026-05-31, filed 2026-07-22. Source: SEC Form N-PORT.
2.15% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (37 of 43 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.
35.5% compliant 0.0% questionable 57.9% non-compliant 5.6% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| BE Bloom Energy Corp | COMPLIANT | 6.31% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FSLR First Solar Inc | COMPLIANT | 6.23% | AAOIFI0.7% Usmani1.4% Dow Jones Islamic0.7% S&P Shariah0.7% MSCI Islamic1.2% MSCI Islamic M-Series0.7% FTSE Shariah0.3% |
| NXT Nextpower Inc | COMPLIANT | 5.66% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| RWE.DE RWE AG | NON_COMPLIANT | 5.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7794.T EDP SA | COMPLIANT | 5.00% | AAOIFI3.0% Usmani19.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.3% MSCI Islamic M-Seriespass FTSE Shariah19.3% |
| SSE.L SSE PLC | NON_COMPLIANT | 4.86% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ORSTED.CO Orsted AS | NON_COMPLIANT | 4.46% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TRN.MI Terna - Rete Elettrica Nazionale | NON_COMPLIANT | 4.27% | AAOIFI77.0% Usmani48.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic48.7% MSCI Islamic M-Series— FTSE Shariah48.7% |
| AEP American Electric Power Co Inc | NON_COMPLIANT | 3.81% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| H.TO Hydro One Ltd | NON_COMPLIANT | 3.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ORA Ormat Technologies Inc | NON_COMPLIANT | 3.20% | AAOIFI18.2% Usmani17.9% Dow Jones Islamic21.1% S&P Shariah23.3% MSCI Islamic17.8% MSCI Islamic M-Series23.3% FTSE Shariah17.2% |
| VWS.CO Vestas Wind Systems A/S | COMPLIANT | 2.96% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| EDP Renewables SA | UNSCREENED | 2.93% | no in-house ratios for this holding |
| ENPH Enphase Energy Inc | COMPLIANT | 2.73% | AAOIFI11.9% Usmani22.5% Dow Jones Islamic9.1% S&P Shariah6.3% MSCI Islamic22.5% MSCI Islamic M-Series6.3% FTSE Shariah21.0% |
| CWEN Clearway Energy Inc | NON_COMPLIANT | 2.72% | AAOIFI151.8% Usmani59.0% Dow Jones Islamic159.3% S&P Shariah176.9% MSCI Islamic59.0% MSCI Islamic M-Series176.9% FTSE Shariah54.0% |
| Equatorial SA | UNSCREENED | 2.52% | no in-house ratios for this holding |
| IBE.MC Iberdrola SA | NON_COMPLIANT | 1.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NDX1.DE Nordex SE | COMPLIANT | 1.82% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| XEL Xcel Energy Inc | NON_COMPLIANT | 1.75% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| 0002.HK CLP Holdings Ltd | NON_COMPLIANT | 1.73% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NPI.TO Northland Power Inc | NON_COMPLIANT | 1.70% | AAOIFI126.3% Usmani53.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic51.8% MSCI Islamic M-Seriesfail FTSE Shariah51.8% |
| ENGI.PA Engie SA | NON_COMPLIANT | 1.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PLUG Plug Power Inc | COMPLIANT | 1.55% | AAOIFI25.2% Usmani37.6% Dow Jones Islamic31.7% S&P Shariah31.3% MSCI Islamic36.3% MSCI Islamic M-Series31.3% FTSE Shariah26.5% |
| ENLT.TA Enlight Renewable Energy Ltd | NON_COMPLIANT | 1.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SLR.MC Solaria Energia y Medio Ambiente SA | NON_COMPLIANT | 1.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MEL.NZ Meridian Energy Ltd | COMPLIANT | 1.50% | AAOIFI13.8% Usmani12.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| NG.L National Grid PLC | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CMS CMS Energy Corp | NON_COMPLIANT | 1.46% | AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5% |
| B3H.F Boralex Inc | NON_COMPLIANT | 1.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0968.HK Xinyi Solar Holdings Ltd | NON_COMPLIANT | 1.31% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 9502.T Chubu Electric Power Co Inc | NON_COMPLIANT | 1.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IDA IDACORP Inc | NON_COMPLIANT | 1.24% | AAOIFI43.9% Usmani33.8% Dow Jones Islamic52.0% S&P Shariah58.2% MSCI Islamic33.7% MSCI Islamic M-Series58.2% FTSE Shariah33.7% |
| NEE NextEra Energy Inc | NON_COMPLIANT | 1.07% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| VER.VI Verbund AG | COMPLIANT | 1.05% | AAOIFI11.2% Usmani13.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic12.4% MSCI Islamic M-Seriespass FTSE Shariah12.4% |
| DAR Darling Ingredients Inc | NON_COMPLIANT | 1.01% | AAOIFI41.5% Usmani38.0% Dow Jones Islamic62.6% S&P Shariah61.5% MSCI Islamic38.0% MSCI Islamic M-Series61.5% FTSE Shariah35.9% |
| HASI HA Sustainable Infrastructure Capital Inc | NON_COMPLIANT | 0.94% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BEP Brookfield Renewable Partners LP | NON_COMPLIANT | 0.81% | AAOIFI28.7% Usmani3.5% Dow Jones Islamic47.3% S&P Shariah50.4% MSCI Islamic3.5% MSCI Islamic M-Series50.4% FTSE Shariah3.5% |
| RED.MC Redeia Corp SA | NON_COMPLIANT | 0.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SEDG SolarEdge Technologies Inc | UNRATED | 0.71% | AAOIFI2.0% Usmani2.7% Dow Jones Islamic2.4% S&P Shariah1.7% MSCI Islamic1.8% MSCI Islamic M-Series1.7% FTSE Shariah0.0% |
| ANA.MC Acciona SA | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TA.TO TransAlta Corp | NON_COMPLIANT | 0.56% | AAOIFI87.1% Usmani51.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic50.1% MSCI Islamic M-Seriesfail FTSE Shariah50.1% |
| Goldman Sachs Central Government Fund | UNSCREENED | 0.13% | no in-house ratios for this holding |
| EDPR.LS EDP RENOVAVEIS SA | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
The published standards disagree about this fund by 14 points of portfolio weight — 38.2% of it passes FTSE Shariah, 24.4% passes MSCI Islamic M-Series. 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 27.0% ratios fail on 53.8% 18.1% not rated under AAOIFI
ratios pass on 35.1% ratios fail on 45.8% 18.1% not rated under Usmani
ratios pass on 25.5% ratios fail on 51.1% 22.4% not rated under Dow Jones Islamic
ratios pass on 26.2% ratios fail on 50.4% 22.4% not rated under S&P Shariah
ratios pass on 25.3% ratios fail on 55.5% 18.1% not rated under MSCI Islamic
ratios pass on 24.4% ratios fail on 52.2% 22.4% not rated under MSCI Islamic M-Series
ratios pass on 38.2% ratios fail on 42.6% 18.1% not rated under FTSE Shariah
40 of 43 listed holdings carry our own per-methodology verdicts (93% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 19 (44% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RWE.DE RWE AG | 5.32% |
| SSE.L SSE PLC | 4.86% |
| ORSTED.CO Orsted AS | 4.46% |
| TRN.MI Terna - Rete Elettrica Nazionale | 4.27% |
| AEP American Electric Power Co Inc | 3.81% |
| H.TO Hydro One Ltd | 3.51% |
| ORA Ormat Technologies Inc | 3.20% |
| CWEN Clearway Energy Inc | 2.72% |
| IBE.MC Iberdrola SA | 1.92% |
| XEL Xcel Energy Inc | 1.75% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Goldman Sachs Clean Energy Income Fund (GCEEX) 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 |
|---|---|---|
| BEBloom Energy Corp | 6.31% | Compliant |
| FSLRFirst Solar Inc | 6.23% | Compliant |
| NXTNextpower Inc | 5.66% | Compliant |
| RWE.DERWE AG | 5.32% | Non-compliant |
| 7794.TEDP SA | 5.00% | Compliant |
| SSE.LSSE PLC | 4.86% | Non-compliant |
| ORSTED.COOrsted AS | 4.46% | Non-compliant |
| TRN.MITerna - Rete Elettrica Nazionale | 4.27% | Non-compliant |
| AEPAmerican Electric Power Co Inc | 3.81% | Non-compliant |
| H.TOHydro One Ltd | 3.51% | Non-compliant |
Top 10 of 43 holdings, 49.4% 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 GCEEX. 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) | 45.30 | NEUTRAL |
| Stochastic %K (14) | 33.33 | NEUTRAL |
| CCI (20) | -32.34 | NEUTRAL |
| Williams %R (14) | -66.67 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | -0.41 | SELL |
| Momentum (10) | -0.05 | SELL |
| EMA (10) | 12.04 | BUY |
| SMA (10) | 11.99 | BUY |
| EMA (20) | 12.12 | SELL |
| SMA (20) | 12.11 | SELL |
| EMA (30) | 12.21 | SELL |
| SMA (30) | 12.22 | SELL |
| EMA (50) | 12.36 | SELL |
| SMA (50) | 12.38 | SELL |
| EMA (100) | 12.57 | SELL |
| SMA (100) | 12.86 | SELL |
| EMA (200) | 12.38 | SELL |
| SMA (200) | 12.74 | 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.