Is Defensive Market Strategies Fund (GDMZX) fund halal?

Defensive Market Strategies Fund (GDMZX) is not halal (non-compliant), per a look-through of the fund's own reported holdings.

Why is Defensive Market Strategies Fund (GDMZX) not halal?

Defensive Market Strategies Fund (GDMZX) is not halal (non-compliant) because its verdict comes from looking through to the fund's own filed holdings and screening each one; the holdings and the weight behind the finding are set out on this page.

What makes a fund halal?

A fund owns no business and has no balance sheet of its own, so it is screened by looking through to what it holds: each holding is screened, the weights come from the fund's own filed portfolio, and a fund whose portfolio could not be covered far enough is left unverified rather than given a verdict.

GDMZXETF / FundDefensive Market Strategies Fund

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Sharia status

NOT COMPLIANT

Screened by look-through to its filed holdings — 73% of portfolio weight covered

Fund look-through

Defensive Market Strategies Fund · GuideStone Funds

199 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 115% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.

NON-COMPLIANT 60.83% of portfolio weight is in non-compliant holdings, over the 5% threshold.

53.65% 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.

199 holdings, 165 matched (73% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.

1.11% of this portfolio’s income is non-permissible — weighted across holdings, computed over 24% of portfolio weight (129 of 199 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.

15.4% compliant 4.9% questionable 52.8% non-compliant 26.9% unscreened

All holdings (199)

Holding	Status	Weight	Every methodology, and the debt ratio behind it
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	15.35%	no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	8.49%	no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	8.41%	no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	8.38%	no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	7.69%	no in-house ratios for this holding
Chicago Board of Trade	UNSCREENED	5.40%	no in-house ratios for this holding
Chicago Board of Trade	UNSCREENED	5.16%	no in-house ratios for this holding
S&P 500 INDEX PM/EUR FLEX	UNSCREENED	3.79%	no in-house ratios for this holding
S&P 500 FLEX C01/31/2031	UNSCREENED	3.46%	no in-house ratios for this holding
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	3.26%	no in-house ratios for this holding
GUIDESTONE FUNDS	UNSCREENED	3.14%	no in-house ratios for this holding
NVDA NVIDIA CORP	COMPLIANT	2.52%	AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4%
GUIDESTONE FUNDS	UNSCREENED	2.36%	no in-house ratios for this holding
AAPL APPLE INC	COMPLIANT	2.03%	AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5%
Chicago Board of Trade	UNSCREENED	1.98%	no in-house ratios for this holding
International Monetary Market	UNSCREENED	1.77%	no in-house ratios for this holding
MSFT MICROSOFT CORP	QUESTIONABLE	1.50%	AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	1.37%	no in-house ratios for this holding
GUIDESTONE FUNDS	UNSCREENED	1.36%	no in-house ratios for this holding
AMZN AMAZON.COM INC	QUESTIONABLE	1.30%	AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1%
GOOG ALPHABET INC	QUESTIONABLE	1.05%	AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9%
International Monetary Market	UNSCREENED	1.00%	no in-house ratios for this holding
GUIDESTONE FUNDS	UNSCREENED	0.94%	no in-house ratios for this holding
AVGO BROADCOM INC	COMPLIANT	0.94%	AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5%
GOOG ALPHABET INC	QUESTIONABLE	0.75%	AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9%
MU MICRON TECHNOLOGY INC	COMPLIANT	0.72%	AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	NON_COMPLIANT	0.69%	no in-house ratios for this holding
META META PLATFORMS INC	QUESTIONABLE	0.64%	AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6%
LRCX LAM RESEARCH CORP	COMPLIANT	0.55%	AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8%
LLY ELI LILLY & COMPANY	COMPLIANT	0.49%	AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6%
TSLA TESLA INC	COMPLIANT	0.49%	AAOIFI1.1% Usmani10.8% Dow Jones Islamic1.3% S&P Shariah1.5% MSCI Islamic10.6% MSCI Islamic M-Series1.5% FTSE Shariah6.1%
AMD ADVANCED MICRO DEVICES INC	COMPLIANT	0.48%	AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8%
BRK.B BERKSHIRE HATHAWAY INC	NON_COMPLIANT	0.42%	no in-house ratios for this holding
XOM EXXON MOBIL CORP	COMPLIANT	0.38%	AAOIFI6.5% Usmani9.1% Dow Jones Islamic8.5% S&P Shariah9.0% MSCI Islamic9.1% MSCI Islamic M-Series9.0% FTSE Shariah9.1%
MA MASTERCARD INC	COMPLIANT	0.37%	AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7%
BAC BANK OF AMERICA CORP	NON_COMPLIANT	0.33%	AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7%
TT TRANE TECHNOLOGIES PLC	COMPLIANT	0.31%	AAOIFI4.7% Usmani19.3% Dow Jones Islamic5.0% S&P Shariah5.7% MSCI Islamic19.3% MSCI Islamic M-Series5.7% FTSE Shariah19.3%
RTX RTX CORP	NON_COMPLIANT	0.31%	AAOIFI12.5% Usmani19.3% Dow Jones Islamic15.9% S&P Shariah18.5% MSCI Islamic19.3% MSCI Islamic M-Series18.5% FTSE Shariah18.4%
V VISA INC	COMPLIANT	0.30%	AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2%
PEP PEPSICO INC	COMPLIANT	0.27%	AAOIFI23.4% Usmani39.4% Dow Jones Islamic22.7% S&P Shariah22.0% MSCI Islamic39.4% MSCI Islamic M-Series22.0% FTSE Shariah39.4%
SYK STRYKER CORP	COMPLIANT	0.27%	AAOIFI14.6% Usmani32.2% Dow Jones Islamic11.3% S&P Shariah11.8% MSCI Islamic32.2% MSCI Islamic M-Series11.8% FTSE Shariah31.2%
HWM HOWMET AEROSPACE INC	NON_COMPLIANT	0.27%	AAOIFI5.1% Usmani35.2% Dow Jones Islamic6.2% S&P Shariah7.9% MSCI Islamic35.2% MSCI Islamic M-Series7.9% FTSE Shariah34.0%
NEE NEXTERA ENERGY INC	NON_COMPLIANT	0.26%	AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2%
WFC WELLS FARGO & COMPANY	NON_COMPLIANT	0.26%	AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1%
MMM 3M COMPANY	COMPLIANT	0.25%	AAOIFI15.2% Usmani37.7% Dow Jones Islamic16.6% S&P Shariah18.5% MSCI Islamic37.7% MSCI Islamic M-Series18.5% FTSE Shariah35.9%
STX SEAGATE TECHNOLOGY HOLDINGS PLC	COMPLIANT	0.25%	AAOIFI2.0% Usmani39.5% Dow Jones Islamic5.8% S&P Shariah7.7% MSCI Islamic39.5% MSCI Islamic M-Series7.7% FTSE Shariah36.1%
LOW LOWE'S COMPANIES INC	NON_COMPLIANT	0.24%	AAOIFI35.6% Usmani71.7% Dow Jones Islamic30.1% S&P Shariah31.0% MSCI Islamic71.7% MSCI Islamic M-Series31.0% FTSE Shariah63.7%
INTC INTEL CORP	COMPLIANT	0.23%	AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0%
T AT&T INC	NON_COMPLIANT	0.22%	AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6%
APH AMPHENOL CORP	NON_COMPLIANT	0.22%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
AON AON PLC	NON_COMPLIANT	0.22%	AAOIFI22.9% Usmani29.4% Dow Jones Islamic20.7% S&P Shariah21.9% MSCI Islamic29.4% MSCI Islamic M-Series21.9% FTSE Shariah28.1%
SCHW CHARLES SCHWAB CORP (THE)	NON_COMPLIANT	0.21%	AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3%
MCD MCDONALD'S CORP	NON_COMPLIANT	0.21%	AAOIFI29.7% Usmani91.1% Dow Jones Islamic26.3% S&P Shariah27.2% MSCI Islamic91.1% MSCI Islamic M-Series27.2% FTSE Shariah66.5%
TXN TEXAS INSTRUMENTS INC	COMPLIANT	0.21%	AAOIFI5.9% Usmani39.2% Dow Jones Islamic7.6% S&P Shariah8.1% MSCI Islamic39.2% MSCI Islamic M-Series8.1% FTSE Shariah39.2%
EOG EOG RESOURCES INC	COMPLIANT	0.21%	AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5%
ECL ECOLAB INC	COMPLIANT	0.20%	AAOIFI17.0% Usmani44.6% Dow Jones Islamic18.1% S&P Shariah19.4% MSCI Islamic44.6% MSCI Islamic M-Series19.4% FTSE Shariah44.0%
ORCL ORACLE CORP	COMPLIANT	0.20%	AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5%
WMT WALMART INC	QUESTIONABLE	0.20%	AAOIFI6.4% Usmani21.5% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic19.2% MSCI Islamic M-Series8.0% FTSE Shariah13.6%
C CITIGROUP INC	NON_COMPLIANT	0.20%	AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8%
MDLZ MONDELEZ INTERNATIONAL INC	COMPLIANT	0.20%	AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8%
WDC WESTERN DIGITAL CORP	COMPLIANT	0.20%	AAOIFI0.7% Usmani8.6% Dow Jones Islamic1.8% S&P Shariah2.3% MSCI Islamic8.6% MSCI Islamic M-Series2.3% FTSE Shariah7.6%
DE DEERE & COMPANY	NON_COMPLIANT	0.19%	AAOIFI9.1% Usmani15.9% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic15.9% MSCI Islamic M-Series13.8% FTSE Shariah15.9%
ADI ANALOG DEVICES INC	COMPLIANT	0.19%	AAOIFI4.6% Usmani16.8% Dow Jones Islamic6.1% S&P Shariah6.8% MSCI Islamic16.8% MSCI Islamic M-Series6.8% FTSE Shariah16.8%
GLW CORNING INC	COMPLIANT	0.18%	AAOIFI7.0% Usmani32.5% Dow Jones Islamic12.8% S&P Shariah16.4% MSCI Islamic31.8% MSCI Islamic M-Series16.4% FTSE Shariah28.7%
MS MORGAN STANLEY	NON_COMPLIANT	0.18%	AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4%
NXPI NXP SEMICONDUCTORS NV	COMPLIANT	0.18%	AAOIFI22.1% Usmani46.1% Dow Jones Islamic22.1% S&P Shariah22.0% MSCI Islamic46.1% MSCI Islamic M-Series22.0% FTSE Shariah45.1%
NOW SERVICENOW INC	COMPLIANT	0.17%	AAOIFI6.1% Usmani26.7% Dow Jones Islamic5.0% S&P Shariah5.3% MSCI Islamic26.7% MSCI Islamic M-Series5.3% FTSE Shariah23.7%
DIS WALT DISNEY COMPANY (THE)	NON_COMPLIANT	0.17%	AAOIFI25.4% Usmani22.5% Dow Jones Islamic24.6% S&P Shariah25.2% MSCI Islamic22.5% MSCI Islamic M-Series25.2% FTSE Shariah22.5%
MDT MEDTRONIC PLC	COMPLIANT	0.16%	AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2%
VTR VENTAS INC	COMPLIANT	0.16%	AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8%
AJG ARTHUR J. GALLAGHER & COMPANY	NON_COMPLIANT	0.16%	AAOIFI21.0% Usmani17.2% Dow Jones Islamic20.7% S&P Shariah22.4% MSCI Islamic17.2% MSCI Islamic M-Series22.4% FTSE Shariah16.6%
EW EDWARDS LIFESCIENCES CORP	COMPLIANT	0.15%	AAOIFI1.4% Usmani5.1% Dow Jones Islamic1.5% S&P Shariah1.5% MSCI Islamic5.1% MSCI Islamic M-Series1.5% FTSE Shariah4.3%
ETN EATON CORP PLC	COMPLIANT	0.15%	AAOIFI13.4% Usmani38.0% Dow Jones Islamic15.6% S&P Shariah16.9% MSCI Islamic38.0% MSCI Islamic M-Series16.9% FTSE Shariah36.7%
ROST ROSS STORES INC	COMPLIANT	0.15%	AAOIFI6.4% Usmani29.7% Dow Jones Islamic8.5% S&P Shariah9.2% MSCI Islamic29.7% MSCI Islamic M-Series9.2% FTSE Shariah6.4%
US BANCORP	UNSCREENED	0.15%	no in-house ratios for this holding
ANET ARISTA NETWORKS INC	COMPLIANT	0.14%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
SRE SEMPRA	NON_COMPLIANT	0.14%	AAOIFI65.2% Usmani32.7% Dow Jones Islamic66.4% S&P Shariah71.2% MSCI Islamic31.6% MSCI Islamic M-Series71.2% FTSE Shariah30.4%
HLT HILTON WORLDWIDE HOLDINGS INC	NON_COMPLIANT	0.14%	AAOIFI20.0% Usmani82.8% Dow Jones Islamic21.8% S&P Shariah23.8% MSCI Islamic82.8% MSCI Islamic M-Series23.8% FTSE Shariah78.8%
EQIX EQUINIX INC	COMPLIANT	0.14%	AAOIFI20.7% Usmani57.3% Dow Jones Islamic24.8% S&P Shariah26.3% MSCI Islamic51.7% MSCI Islamic M-Series26.3% FTSE Shariah48.4%
CMG CHIPOTLE MEXICAN GRILL INC	NON_COMPLIANT	0.14%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ETR ENTERGY CORP	NON_COMPLIANT	0.14%	AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1%
GEV GE VERNOVA INC	COMPLIANT	0.13%	AAOIFI1.1% Usmani3.5% Dow Jones Islamic1.7% S&P Shariah2.0% MSCI Islamic3.5% MSCI Islamic M-Series2.0% FTSE Shariah3.5%
VRT VERTIV HOLDINGS COMPANY	COMPLIANT	0.13%	AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5%
YUM! BRANDS INC	UNSCREENED	0.13%	no in-house ratios for this holding
COF CAPITAL ONE FINANCIAL CORP	NON_COMPLIANT	0.13%	AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6%
WAT WATERS CORP	COMPLIANT	0.13%	AAOIFI14.1% Usmani21.2% Dow Jones Islamic21.2% S&P Shariah23.3% MSCI Islamic21.2% MSCI Islamic M-Series23.3% FTSE Shariah19.7%
CI CIGNA GROUP (THE)	NON_COMPLIANT	0.13%	AAOIFI42.7% Usmani20.3% Dow Jones Islamic40.5% S&P Shariah38.8% MSCI Islamic20.3% MSCI Islamic M-Series38.8% FTSE Shariah20.3%
FITB FIFTH THIRD BANCORP	NON_COMPLIANT	0.13%	AAOIFI45.0% Usmani7.4% Dow Jones Islamic67.1% S&P Shariah76.4% MSCI Islamic7.4% MSCI Islamic M-Series76.4% FTSE Shariah7.4%
AXP AMERICAN EXPRESS COMPANY	NON_COMPLIANT	0.13%	AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2%
DHR DANAHER CORP	COMPLIANT	0.13%	AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8%
LIN LINDE PLC	COMPLIANT	0.13%	AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7%
SO SOUTHERN COMPANY (THE)	NON_COMPLIANT	0.12%	AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8%
HUM HUMANA INC	NON_COMPLIANT	0.12%	AAOIFI30.1% Usmani26.3% Dow Jones Islamic44.9% S&P Shariah38.8% MSCI Islamic26.3% MSCI Islamic M-Series38.8% FTSE Shariah25.3%
BKR BAKER HUGHES COMPANY	NON_COMPLIANT	0.12%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
WELL WELLTOWER INC	COMPLIANT	0.12%	AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7%
CPAY CORPAY INC	NON_COMPLIANT	0.12%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
COP CONOCOPHILLIPS	COMPLIANT	0.11%	AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7%
PLTR PALANTIR TECHNOLOGIES INC	QUESTIONABLE	0.11%	AAOIFI0.1% Usmani1.8% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0%
DOV DOVER CORP	COMPLIANT	0.11%	AAOIFI12.4% Usmani23.8% Dow Jones Islamic12.4% S&P Shariah13.2% MSCI Islamic23.8% MSCI Islamic M-Series13.2% FTSE Shariah23.8%
AZO AUTOZONE INC	COMPLIANT	0.11%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
KDP KEURIG DR PEPPER INC	NON_COMPLIANT	0.11%	AAOIFI58.6% Usmani30.8% Dow Jones Islamic63.3% S&P Shariah63.1% MSCI Islamic29.6% MSCI Islamic M-Series63.1% FTSE Shariah28.3%
TDG TRANSDIGM GROUP INC	NON_COMPLIANT	0.11%	AAOIFI51.2% Usmani123.0% Dow Jones Islamic45.8% S&P Shariah49.7% MSCI Islamic123.0% MSCI Islamic M-Series49.7% FTSE Shariah123.0%
MCK MCKESSON CORP	COMPLIANT	0.11%	AAOIFI12.5% Usmani14.9% Dow Jones Islamic14.5% S&P Shariah15.8% MSCI Islamic14.7% MSCI Islamic M-Series15.8% FTSE Shariah12.5%
ACN ACCENTURE PLC	COMPLIANT	0.10%	AAOIFI7.7% Usmani12.2% Dow Jones Islamic5.0% S&P Shariah4.7% MSCI Islamic12.2% MSCI Islamic M-Series4.7% FTSE Shariah7.5%
BURL BURLINGTON STORES INC	COMPLIANT	0.10%	AAOIFI35.4% Usmani59.0% Dow Jones Islamic33.2% S&P Shariah36.9% MSCI Islamic58.8% MSCI Islamic M-Series36.9% FTSE Shariah19.1%
AMGN AMGEN INC	COMPLIANT	0.10%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
BKNG BOOKING HOLDINGS INC	COMPLIANT	0.09%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
GILD GILEAD SCIENCES INC	COMPLIANT	0.09%	AAOIFI14.4% Usmani53.2% Dow Jones Islamic18.6% S&P Shariah21.4% MSCI Islamic53.2% MSCI Islamic M-Series21.4% FTSE Shariah53.2%
AFRM AFFIRM HOLDINGS INC	NON_COMPLIANT	0.09%	AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
UNP UNION PACIFIC CORP	COMPLIANT	0.09%	AAOIFI18.2% Usmani43.8% Dow Jones Islamic22.0% S&P Shariah22.4% MSCI Islamic43.8% MSCI Islamic M-Series22.4% FTSE Shariah42.6%
CDNS CADENCE DESIGN SYSTEMS INC	COMPLIANT	0.09%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
FDX FEDEX CORP	NON_COMPLIANT	0.09%	AAOIFI55.5% Usmani43.2% Dow Jones Islamic60.9% S&P Shariah62.7% MSCI Islamic41.7% MSCI Islamic M-Series62.7% FTSE Shariah24.3%
OPT. S&P 5 P 7500 17/7/26	UNSCREENED	0.09%	no in-house ratios for this holding
SNDK SANDISK CORP	COMPLIANT	0.09%	AAOIFI0.1% Usmani0.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.0%
URI UNITED RENTALS INC	COMPLIANT	0.08%	AAOIFI27.5% Usmani59.2% Dow Jones Islamic32.5% S&P Shariah35.6% MSCI Islamic58.1% MSCI Islamic M-Series35.6% FTSE Shariah53.3%
CCL CARNIVAL CORP LTD	NON_COMPLIANT	0.08%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
PPG PPG INDUSTRIES INC	COMPLIANT	0.08%	AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1%
NFLX NETFLIX INC	QUESTIONABLE	0.08%	AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5%
BSX BOSTON SCIENTIFIC CORP	COMPLIANT	0.08%	AAOIFI19.4% Usmani27.9% Dow Jones Islamic10.0% S&P Shariah10.9% MSCI Islamic27.9% MSCI Islamic M-Series10.9% FTSE Shariah27.9%
EMR EMERSON ELECTRIC COMPANY	COMPLIANT	0.08%	AAOIFI16.2% Usmani32.7% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic32.7% MSCI Islamic M-Series20.6% FTSE Shariah31.1%
ADSK AUTODESK INC	COMPLIANT	0.07%	AAOIFI8.4% Usmani28.7% Dow Jones Islamic6.4% S&P Shariah6.7% MSCI Islamic28.7% MSCI Islamic M-Series6.7% FTSE Shariah26.9%
INCY INCYTE CORP	COMPLIANT	0.07%	AAOIFI0.1% Usmani0.7% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.0%
PGR PROGRESSIVE CORP (THE)	NON_COMPLIANT	0.07%	AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7%
DASH DOORDASH INC	COMPLIANT	0.07%	AAOIFI3.6% Usmani16.9% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic16.9% MSCI Islamic M-Series4.5% FTSE Shariah13.9%
MAS MASCO CORP	COMPLIANT	0.07%	AAOIFI23.0% Usmani61.8% Dow Jones Islamic22.1% S&P Shariah22.3% MSCI Islamic61.5% MSCI Islamic M-Series22.3% FTSE Shariah56.3%
AMT AMERICAN TOWER CORP	NON_COMPLIANT	0.07%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
COR CENCORA INC	COMPLIANT	0.07%	AAOIFI18.9% Usmani14.0% Dow Jones Islamic20.8% S&P Shariah22.7% MSCI Islamic14.0% MSCI Islamic M-Series22.7% FTSE Shariah14.0%
NBIX NEUROCRINE BIOSCIENCES INC	COMPLIANT	0.07%	AAOIFI2.9% Usmani8.6% Dow Jones Islamic3.4% S&P Shariah3.5% MSCI Islamic8.6% MSCI Islamic M-Series3.5% FTSE Shariah0.0%
IQV IQVIA HOLDINGS INC	NON_COMPLIANT	0.07%	AAOIFI36.7% Usmani55.2% Dow Jones Islamic47.8% S&P Shariah44.8% MSCI Islamic54.4% MSCI Islamic M-Series44.8% FTSE Shariah53.4%
TXT TEXTRON INC	NON_COMPLIANT	0.07%	AAOIFI3.0% Usmani2.2% Dow Jones Islamic2.7% S&P Shariah2.6% MSCI Islamic2.2% MSCI Islamic M-Series2.6% FTSE Shariah0.0%
FIS FIDELITY NATIONAL INFORMATION SERVICES INC	NON_COMPLIANT	0.07%	AAOIFI78.8% Usmani38.6% Dow Jones Islamic50.4% S&P Shariah49.4% MSCI Islamic38.6% MSCI Islamic M-Series49.4% FTSE Shariah38.4%
EXPE EXPEDIA GROUP INC	NON_COMPLIANT	0.06%	AAOIFI15.9% Usmani19.6% Dow Jones Islamic22.4% S&P Shariah26.0% MSCI Islamic19.6% MSCI Islamic M-Series26.0% FTSE Shariah18.8%
KO COCA-COLA COMPANY (THE)	COMPLIANT	0.06%	AAOIFI11.9% Usmani43.4% Dow Jones Islamic14.9% S&P Shariah15.9% MSCI Islamic43.4% MSCI Islamic M-Series15.9% FTSE Shariah41.8%
ZTS ZOETIS INC	NON_COMPLIANT	0.06%	AAOIFI29.0% Usmani61.3% Dow Jones Islamic15.4% S&P Shariah14.0% MSCI Islamic61.3% MSCI Islamic M-Series14.0% FTSE Shariah60.0%
VMC VULCAN MATERIALS COMPANY	COMPLIANT	0.06%	AAOIFI14.1% Usmani30.1% Dow Jones Islamic13.9% S&P Shariah14.6% MSCI Islamic30.1% MSCI Islamic M-Series14.6% FTSE Shariah26.6%
ELV ELEVANCE HEALTH INC	NON_COMPLIANT	0.06%	AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6%
PG PROCTER & GAMBLE COMPANY (THE)	COMPLIANT	0.06%	AAOIFI8.9% Usmani23.9% Dow Jones Islamic8.5% S&P Shariah8.5% MSCI Islamic23.9% MSCI Islamic M-Series8.5% FTSE Shariah23.2%
APO APOLLO GLOBAL MANAGEMENT INC	NON_COMPLIANT	0.06%	AAOIFI17.4% Usmani2.8% Dow Jones Islamic17.8% S&P Shariah19.6% MSCI Islamic2.8% MSCI Islamic M-Series19.6% FTSE Shariah2.8%
KMB KIMBERLY CLARK CORP	COMPLIANT	0.06%	AAOIFI18.7% Usmani35.1% Dow Jones Islamic17.1% S&P Shariah17.0% MSCI Islamic35.1% MSCI Islamic M-Series17.0% FTSE Shariah35.1%
BMRN BIOMARIN PHARMACEUTICAL INC	NON_COMPLIANT	0.06%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
DXCM DEXCOM INC	COMPLIANT	0.06%	AAOIFI4.1% Usmani21.7% Dow Jones Islamic4.7% S&P Shariah4.0% MSCI Islamic20.9% MSCI Islamic M-Series4.0% FTSE Shariah19.3%
BX BLACKSTONE INC	NON_COMPLIANT	0.06%	AAOIFI7.9% Usmani26.7% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic26.7% MSCI Islamic M-Series13.8% FTSE Shariah26.7%
ELS EQUITY LIFESTYLE PROPERTIES INC	COMPLIANT	0.06%	AAOIFI27.9% Usmani58.2% Dow Jones Islamic27.8% S&P Shariah28.2% MSCI Islamic58.2% MSCI Islamic M-Series28.2% FTSE Shariah58.2%
APP APPLOVIN CORP	COMPLIANT	0.06%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
FANG DIAMONDBACK ENERGY INC	COMPLIANT	0.05%	AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0%
BDX BECTON DICKINSON & COMPANY	NON_COMPLIANT	0.05%	AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1%
CRWD CROWDSTRIKE HOLDINGS INC	COMPLIANT	0.05%	AAOIFI0.4% Usmani6.8% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic6.8% MSCI Islamic M-Series0.8% FTSE Shariah6.2%
MLM MARTIN MARIETTA MATERIALS INC	COMPLIANT	0.05%	AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9%
INTU INTUIT INC	COMPLIANT	0.05%	AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8%
NEM NEWMONT CORP	COMPLIANT	0.05%	AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8%
FTNT FORTINET INC	COMPLIANT	0.05%	AAOIFI0.4% Usmani4.6% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic4.6% MSCI Islamic M-Series0.8% FTSE Shariah4.6%
A AGILENT TECHNOLOGIES INC	COMPLIANT	0.05%	AAOIFI9.3% Usmani28.3% Dow Jones Islamic10.8% S&P Shariah10.7% MSCI Islamic28.3% MSCI Islamic M-Series10.7% FTSE Shariah28.3%
EQT EQT CORP	COMPLIANT	0.05%	AAOIFI16.4% Usmani13.7% Dow Jones Islamic18.1% S&P Shariah21.8% MSCI Islamic13.7% MSCI Islamic M-Series21.8% FTSE Shariah13.7%
DAL DELTA AIR LINES INC	NON_COMPLIANT	0.05%	AAOIFI35.9% Usmani21.9% Dow Jones Islamic46.8% S&P Shariah52.9% MSCI Islamic21.9% MSCI Islamic M-Series52.9% FTSE Shariah15.0%
IR INGERSOLL RAND INC	COMPLIANT	0.05%	AAOIFI14.2% Usmani22.7% Dow Jones Islamic12.3% S&P Shariah12.3% MSCI Islamic22.7% MSCI Islamic M-Series12.3% FTSE Shariah22.4%
CHD CHURCH & DWIGHT CO INC	COMPLIANT	0.04%	AAOIFI10.6% Usmani26.7% Dow Jones Islamic10.4% S&P Shariah10.4% MSCI Islamic26.7% MSCI Islamic M-Series10.4% FTSE Shariah24.8%
MNST MONSTER BEVERAGE CORP	COMPLIANT	0.04%	AAOIFI0.2% Usmani1.7% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic1.7% MSCI Islamic M-Series0.3% FTSE Shariah1.7%
TOST TOAST INC	COMPLIANT	0.04%	AAOIFI0.1% Usmani0.5% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.5% MSCI Islamic M-Series0.1% FTSE Shariah0.0%
ACGL ARCH CAPITAL GROUP LTD	NON_COMPLIANT	0.04%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
CTSH COGNIZANT TECHNOLOGY SOLUTIONS CORP	COMPLIANT	0.04%	AAOIFI4.0% Usmani5.4% Dow Jones Islamic3.2% S&P Shariah3.2% MSCI Islamic5.3% MSCI Islamic M-Series3.2% FTSE Shariah2.8%
EME EMCOR GROUP INC	COMPLIANT	0.04%	AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail
OPT. S&P 5 P 7430 10/7/26	UNSCREENED	0.04%	no in-house ratios for this holding
ISRG INTUITIVE SURGICAL INC	COMPLIANT	0.04%	AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0%
SPACE EXPLORATION TECHNOLOGIES CORP	UNSCREENED	0.03%	no in-house ratios for this holding
ICE INTERCONTINENTAL EXCHANGE INC	NON_COMPLIANT	0.03%	AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4%
CIEN CIENA CORP	COMPLIANT	0.03%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
UAL UNITED AIRLINES HOLDINGS INC	NON_COMPLIANT	0.03%	AAOIFI93.1% Usmani39.8% Dow Jones Islamic109.0% S&P Shariah132.3% MSCI Islamic39.8% MSCI Islamic M-Series132.3% FTSE Shariah31.3%
OMC OMNICOM GROUP INC	NON_COMPLIANT	0.03%	AAOIFI50.5% Usmani22.5% Dow Jones Islamic63.9% S&P Shariah66.1% MSCI Islamic22.5% MSCI Islamic M-Series66.1% FTSE Shariah18.7%
GD GENERAL DYNAMICS CORP	NON_COMPLIANT	0.03%	AAOIFI10.3% Usmani17.4% Dow Jones Islamic11.7% S&P Shariah12.4% MSCI Islamic16.8% MSCI Islamic M-Series12.4% FTSE Shariah13.7%
OPT. S&P 5 P 7350 24/7/26	UNSCREENED	0.03%	no in-house ratios for this holding
OPT. S&P 5 P 7390 24/7/26	UNSCREENED	0.03%	no in-house ratios for this holding
CHUBB LTD (SWITZERLAND)	UNSCREENED	0.02%	no in-house ratios for this holding
LEN LENNAR CORP	NON_COMPLIANT	0.02%	AAOIFI29.9% Usmani17.4% Dow Jones Islamic21.5% S&P Shariah19.9% MSCI Islamic17.4% MSCI Islamic M-Series19.9% FTSE Shariah17.4%
RMD RESMED INC	COMPLIANT	0.02%	AAOIFI2.6% Usmani9.2% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic9.2% MSCI Islamic M-Series2.6% FTSE Shariah7.4%
FDXF FEDEX FREIGHT HOLDING COMPANY INC	COMPLIANT	0.02%	AAOIFI31.8% Usmani89.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic89.3% MSCI Islamic M-Series— FTSE Shariah62.6%
WMG WARNER MUSIC GROUP CORP	NON_COMPLIANT	0.02%	AAOIFI34.2% Usmani45.9% Dow Jones Islamic15713033.1% S&P Shariah15478978.9% MSCI Islamic45.9% MSCI Islamic M-Series15478978.9% FTSE Shariah43.9%
GUIDESTONE FUNDS	UNSCREENED	0.02%	no in-house ratios for this holding
APTV APTIV PLC	NON_COMPLIANT	0.02%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
ALGN ALIGN TECHNOLOGY INC	COMPLIANT	0.01%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
OPT. S&P 5 P 7380 24/7/26	UNSCREENED	0.01%	no in-house ratios for this holding
AWK AMERICAN WATER WORKS COMPANY INC	NON_COMPLIANT	0.01%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
SOLV SOLVENTUM CORP	NON_COMPLIANT	0.01%	AAOIFI32.5% Usmani37.1% Dow Jones Islamic39.6% S&P Shariah41.1% MSCI Islamic35.7% MSCI Islamic M-Series41.1% FTSE Shariah35.7%
CAH CARDINAL HEALTH INC	COMPLIANT	0.01%	AAOIFI17.8% Usmani17.7% Dow Jones Islamic24.8% S&P Shariah28.7% MSCI Islamic17.4% MSCI Islamic M-Series28.7% FTSE Shariah15.5%
WEX WEX INC	NON_COMPLIANT	0.01%	AAOIFI56.3% Usmani21.7% Dow Jones Islamic61.0% S&P Shariah53.6% MSCI Islamic21.7% MSCI Islamic M-Series53.6% FTSE Shariah21.7%
OPT. S&P 50 P 7425 2/7/26	UNSCREENED	0.01%	no in-house ratios for this holding
BALL BALL CORP	NON_COMPLIANT	0.01%	AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah—
OPT. S&P 5 P 7560 17/7/26	UNSCREENED	0.01%	no in-house ratios for this holding
OPT. S&P 5 P 7380 31/7/26	UNSCREENED	0.01%	no in-house ratios for this holding
OPT. S&P 5 P 7435 31/7/26	UNSCREENED	0.01%	no in-house ratios for this holding
OPT. S&P 50 P 7580 2/7/26	UNSCREENED	0.01%	no in-house ratios for this holding
DGX QUEST DIAGNOSTICS INC	COMPLIANT	0.00%	AAOIFI24.4% Usmani37.7% Dow Jones Islamic32.1% S&P Shariah35.4% MSCI Islamic37.7% MSCI Islamic M-Series35.4% FTSE Shariah33.3%
OPT. S&P 5 P 7470 24/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 5 P 7535 17/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 5 P 7310 10/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 5 P 7425 10/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 50 P 7350 2/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 5 P 7430 17/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 5 P 7360 10/7/26	UNSCREENED	0.00%	no in-house ratios for this holding
OPT. S&P 5 P 7340 10/7/26	UNSCREENED	0.00%	no in-house ratios for this holding

The published standards disagree about this fund by 7 points of portfolio weight — 23.2% of it passes AAOIFI, 15.8% 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.

Screen by

ratios pass on 23.2% ratios fail on 4.8% 87.2% not rated under AAOIFI

155 of 199 listed holdings carry our own per-methodology verdicts (30% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 135 (29% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holding	Weight
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	15.35%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	8.49%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	8.41%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	8.38%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	7.69%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	3.26%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	1.37%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT	0.69%
BRK.B BERKSHIRE HATHAWAY INC	0.42%
BAC BANK OF AMERICA CORP	0.33%

🕌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.

Defensive Market Strategies Fund (GDMZX) 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.

Screened on its holdings, not its name

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.

17.8%Compliant 5.6%Questionable 60.8%Non-compliant 31.0%Not screened

Holding	Weight	Verdict
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker	15.35%	Non-compliant
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker	8.49%	Non-compliant
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker	8.41%	Non-compliant
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker	8.38%	Non-compliant
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker	7.69%	Non-compliant
Chicago Board of Tradenot matched to a ticker	5.40%	Not screened
Chicago Board of Tradenot matched to a ticker	5.16%	Not screened
S&P 500 INDEX PM/EUR FLEXnot matched to a ticker	3.79%	Not screened
S&P 500 FLEX C01/31/2031not matched to a ticker	3.46%	Not screened
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnot matched to a ticker	3.26%	Non-compliant

Top 10 of 199 holdings, 69.4% of the fund by weight. Every holding is screened, not only these.

What holds the number back

The positions keeping this fund short of 100% compliant by weight.

UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnon-compliant15.35%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnon-compliant8.49%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnon-compliant8.41%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnon-compliant8.38%
UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBTnon-compliant7.69%
Chicago Board of Tradenot screened5.40%

What changed, and when

Verdict history for GDMZX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.

2026-09-07 No change recorded No verdict change for GDMZX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.

Tracked since 2026-09-07.

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

Support & Resistance

This fund prices once a day, so its bars carry no intraday high or low — floor-trader pivots are not defined for it.

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

12.40 – 12.72

±1.25% from 12.56, made 2026-09-24 · resolves 2026-10-01

STRONG BUY

from 19 indicators

61.9% of our last 5789 forecasts 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.

STRONG BUY

19 indicators

OscillatorsNEUTRAL

3 buy · 1 neutral · 3 sell

Moving averagesSTRONG BUY

12 buy · 0 neutral · 0 sell

Every indicator, and what it reads

Indicator	Value	Signal
RSI (14)	62.20	NEUTRAL
Stochastic %K (14)	100.00	SELL
CCI (20)	125.86	SELL
Williams %R (14)	0.00	SELL
MACD (12,26,9)	0.01	BUY
ROC (10)	0.88	BUY
Momentum (10)	0.11	BUY
EMA (10)	12.60	BUY
SMA (10)	12.59	BUY
EMA (20)	12.57	BUY
SMA (20)	12.54	BUY
EMA (30)	12.54	BUY
SMA (30)	12.54	BUY
EMA (50)	12.49	BUY
SMA (50)	12.52	BUY
EMA (100)	12.33	BUY
SMA (100)	12.35	BUY
EMA (200)	12.04	BUY
SMA (200)	12.00	BUY

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.

No intraday or daily bars are on file for this listing, so there is no structure to read. That is a gap in our bar coverage, not a reading of the chart.

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.

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.

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