Verdicts genuinely change. Free email alert the moment GEMLX'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 Emerging Markets Equity Ex. China Fund · Goldman Sachs Trust
107 holdings
NON-COMPLIANT 22.11% of portfolio weight is in non-compliant holdings, over the 5% threshold.
107 holdings, 73 matched (81% of weight). Portfolio as of 2026-01-31, filed 2026-03-31. Source: SEC Form N-PORT.
6.81% of this portfolio’s income is non-permissible — weighted across holdings, computed over 68% of portfolio weight (60 of 107 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.
58.5% compliant 0.0% questionable 22.1% non-compliant 19.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TSMC | COMPLIANT | 17.98% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 7.98% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 000660.KS SK hynix Inc | COMPLIANT | 4.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 2.30% | no in-house ratios for this holding |
| 402340.KS SK Square Co Ltd | COMPLIANT | 2.28% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| WPM Wheaton Precious Metals Corp | COMPLIANT | 2.25% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 2308.TW Delta Electronics Inc | COMPLIANT | 2.12% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 105560.KS KB Financial Group Inc | NON_COMPLIANT | 2.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 1.74% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INFY Infosys Ltd | COMPLIANT | 1.57% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| TPEIR.AT Piraeus Bank SA | NON_COMPLIANT | 1.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1120.SR Al Rajhi Bank | NON_COMPLIANT | 1.36% | AAOIFI20.1% Usmani7.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.7% MSCI Islamic M-Seriesfail FTSE Shariah7.7% |
| 2454.TW MediaTek Inc | COMPLIANT | 1.32% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2383.TW Elite Material Co Ltd | COMPLIANT | 1.29% | AAOIFI1.0% Usmani19.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.6% MSCI Islamic M-Series— FTSE Shariah18.6% |
| 000270.KS Kia Corp | NON_COMPLIANT | 1.20% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ETERNAL.NS Eternal Ltd | COMPLIANT | 1.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SCCO Southern Copper Corp | COMPLIANT | 1.12% | AAOIFI4.9% Usmani35.7% Dow Jones Islamic8.2% S&P Shariah9.3% MSCI Islamic35.7% MSCI Islamic M-Series9.3% FTSE Shariah33.1% |
| 2345.TW Accton Technology Corp | COMPLIANT | 1.11% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 1180.SR Saudi National Bank/The | NON_COMPLIANT | 1.10% | AAOIFI53.1% Usmani11.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic11.0% MSCI Islamic M-Seriesfail FTSE Shariah11.0% |
| AXISBANK.BO Axis Bank Ltd | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAP Credicorp Ltd | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FSR.JO FirstRand Ltd | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Capitec Bank Holdings Ltd | UNSCREENED | 0.99% | no in-house ratios for this holding |
| MELI MercadoLibre Inc | COMPLIANT | 0.99% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| Chroma ATE Inc | UNSCREENED | 0.97% | no in-house ratios for this holding |
| ITUB3.SA Itau Unibanco Holding SA | NON_COMPLIANT | 0.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BHARTIARTL.BO Bharti Airtel Ltd | COMPLIANT | 0.96% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ASX ASE Technology Holding Co Ltd | COMPLIANT | 0.96% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| OTP.BD OTP Bank Nyrt | NON_COMPLIANT | 0.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Samsung Biologics Co Ltd | UNSCREENED | 0.90% | no in-house ratios for this holding |
| SE Sea Ltd | COMPLIANT | 0.89% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| Powszechna Kasa Oszczednosci B | UNSCREENED | 0.89% | no in-house ratios for this holding |
| Aselsan Elektronik Sanayi Ve T | UNSCREENED | 0.82% | no in-house ratios for this holding |
| SBILIFE.NS SBI Life Insurance Co Ltd | NON_COMPLIANT | 0.77% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TVSMOTOR.BO TVS Motor Co Ltd | NON_COMPLIANT | 0.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAJFINANCE.NS Bajaj Finance Ltd | NON_COMPLIANT | 0.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Navin Fluorine International L | UNSCREENED | 0.74% | no in-house ratios for this holding |
| Grupo Financiero Banorte SAB d | UNSCREENED | 0.74% | no in-house ratios for this holding |
| Halyk Savings Bank of Kazakhst | UNSCREENED | 0.73% | no in-house ratios for this holding |
| Raia Drogasil SA | UNSCREENED | 0.72% | no in-house ratios for this holding |
| Lotes Co Ltd | UNSCREENED | 0.71% | no in-house ratios for this holding |
| SUNPHARMA.NS Sun Pharmaceutical Industries | COMPLIANT | 0.71% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Jentech Precision Industrial C | UNSCREENED | 0.70% | no in-house ratios for this holding |
| AXIA3.SA Axia Energia | NON_COMPLIANT | 0.69% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| OMU.JO Old Mutual Ltd | NON_COMPLIANT | 0.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Nova Ljubljanska Banka dd | UNSCREENED | 0.68% | no in-house ratios for this holding |
| TATACONSUM.NS Tata Consumer Products Ltd | COMPLIANT | 0.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Apollo Hospitals Enterprise Lt | UNSCREENED | 0.61% | no in-house ratios for this holding |
| 373220.KS LG Energy Solution Ltd | COMPLIANT | 0.58% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Prologis Property Mexico SA de | UNSCREENED | 0.58% | no in-house ratios for this holding |
| TATASTEEL.NS Tata Steel Ltd | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| COFORGE.NS Coforge Ltd | COMPLIANT | 0.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| PPH.JO Pepkor Holdings Ltd | NON_COMPLIANT | 0.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CLCGY Clicks Group Ltd | COMPLIANT | 0.54% | AAOIFI9.8% Usmani38.4% Dow Jones Islamic3.2% S&P Shariah3.4% MSCI Islamic19.2% MSCI Islamic M-Series3.4% FTSE Shariah19.2% |
| HINDALCO.NS Hindalco Industries Ltd | NON_COMPLIANT | 0.53% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TORNTPHARM.NS Torrent Pharmaceuticals Ltd | COMPLIANT | 0.51% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Abu Dhabi Islamic Bank PJSC | UNSCREENED | 0.51% | no in-house ratios for this holding |
| AC.MX Arca Continental SAB de CV | COMPLIANT | 0.49% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BBCA.JK Bank Central Asia Tbk PT | NON_COMPLIANT | 0.48% | AAOIFI0.3% Usmani0.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| BELA.AT JUMBO SA | COMPLIANT | 0.48% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Samsung Heavy Industries Co Lt | UNSCREENED | 0.48% | no in-house ratios for this holding |
| LG CNS Co Ltd | UNSCREENED | 0.46% | no in-house ratios for this holding |
| CTSH Cognizant Technology Solutions | COMPLIANT | 0.46% | AAOIFI4.0% Usmani5.4% Dow Jones Islamic3.2% S&P Shariah3.2% MSCI Islamic5.3% MSCI Islamic M-Series3.2% FTSE Shariah2.8% |
| 2280.SR Almarai Co JSC | COMPLIANT | 0.43% | AAOIFI27.9% Usmani34.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic32.6% MSCI Islamic M-Seriespass FTSE Shariah32.6% |
| GODREJCP.NS Godrej Consumer Products Ltd | COMPLIANT | 0.43% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| DNP.WA Dino Polska SA | COMPLIANT | 0.43% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 064350.KS Hyundai Rotem Co Ltd | COMPLIANT | 0.42% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GODREJPROP.NS Godrej Properties Ltd | NON_COMPLIANT | 0.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GRASIM.NS Grasim Industries Ltd | NON_COMPLIANT | 0.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Aldar Properties PJSC | UNSCREENED | 0.42% | no in-house ratios for this holding |
| PWL.NS Physicswallah Ltd | COMPLIANT | 0.41% | AAOIFI3.1% Usmani27.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic13.7% MSCI Islamic M-Seriespass FTSE Shariah13.7% |
| AMBER.NS Amber Enterprises India Ltd | COMPLIANT | 0.39% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Rasan Information Technology C | UNSCREENED | 0.38% | no in-house ratios for this holding |
| 360ONE.NS 360 ONE WAM Ltd | NON_COMPLIANT | 0.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NCSoft Corp | UNSCREENED | 0.37% | no in-house ratios for this holding |
| Computer Age Management Servic | UNSCREENED | 0.37% | no in-house ratios for this holding |
| 4904.TW Far EasTone Telecommunications | COMPLIANT | 0.36% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| KAP.L NAC Kazatomprom JSC | COMPLIANT | 0.35% | AAOIFI6.5% Usmani5.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic5.5% MSCI Islamic M-Series— FTSE Shariah5.5% |
| SAILIFE.NS SAI Life Sciences Ltd | COMPLIANT | 0.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IsuPetasys Co Ltd | UNSCREENED | 0.34% | no in-house ratios for this holding |
| Home First Finance Co India Lt | UNSCREENED | 0.34% | no in-house ratios for this holding |
| MNDDF Monde Nissin Corp | COMPLIANT | 0.34% | AAOIFI4.1% Usmani9.4% Dow Jones Islamic30.4% S&P Shariah44.2% MSCI Islamic6.3% MSCI Islamic M-Series44.2% FTSE Shariah6.3% |
| TATACAP.NS Tata Capital Ltd | NON_COMPLIANT | 0.33% | AAOIFI146.0% Usmani78.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic78.4% MSCI Islamic M-Seriesfail FTSE Shariah78.4% |
| Nien Made Enterprise Co Ltd | UNSCREENED | 0.32% | no in-house ratios for this holding |
| MAPA.JK Map Aktif Adiperkasa PT | COMPLIANT | 0.32% | AAOIFI9.9% Usmani26.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic13.2% MSCI Islamic M-Seriespass FTSE Shariah13.2% |
| NAUKRI.NS Info Edge India Ltd | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BDO Unibank Inc | UNSCREENED | 0.30% | no in-house ratios for this holding |
| MMYT MakeMyTrip Ltd | NON_COMPLIANT | 0.29% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| Elm Co | UNSCREENED | 0.29% | no in-house ratios for this holding |
| Caixa Seguridade Participacoes | UNSCREENED | 0.28% | no in-house ratios for this holding |
| Akzo Nobel India Ltd | UNSCREENED | 0.27% | no in-house ratios for this holding |
| Jollibee Foods Corp | UNSCREENED | 0.24% | no in-house ratios for this holding |
| PicS NV | UNSCREENED | 0.24% | no in-house ratios for this holding |
| SUZLON.NS Suzlon Energy Ltd | COMPLIANT | 0.23% | AAOIFI1.6% Usmani6.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic5.2% MSCI Islamic M-Seriespass FTSE Shariah5.2% |
| NETWEB.NS Netweb Technologies India Ltd | COMPLIANT | 0.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DIXON.NS Dixon Technologies India Ltd | COMPLIANT | 0.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| I-Scream Media Co Ltd | UNSCREENED | 0.19% | no in-house ratios for this holding |
| GOKEX.NS Gokaldas Exports Ltd | COMPLIANT | 0.17% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TX3A.F Airports of Thailand PCL | COMPLIANT | 0.16% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| KFINTECH.NS Kfin Technologies Ltd | COMPLIANT | 0.15% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BFIN.JK BFI Finance Indonesia Tbk PT | NON_COMPLIANT | 0.15% | AAOIFI107.3% Usmani53.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic53.4% MSCI Islamic M-Seriesfail FTSE Shariah53.4% |
| Archean Chemical Industries Lt | UNSCREENED | 0.14% | no in-house ratios for this holding |
| CMSINFO.NS CMS Info Systems Ltd | COMPLIANT | 0.13% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| FIVESTAR.NS Five-Star Business Finance Ltd | NON_COMPLIANT | 0.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KRUK SA | UNSCREENED | 0.09% | no in-house ratios for this holding |
| TVSMOTOR.BO TVS MOTOR COMPANY | NON_COMPLIANT | 0.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AXIA3.SA Axia Energia | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
The published standards disagree about this fund by 29 points of portfolio weight — 55.8% of it passes AAOIFI, 27.3% 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.
ratios pass on 55.8% ratios fail on 21.8% 22.2% not rated under AAOIFI
ratios pass on 30.9% ratios fail on 46.2% 22.6% not rated under Usmani
ratios pass on 53.8% ratios fail on 22.2% 23.8% not rated under Dow Jones Islamic
ratios pass on 53.8% ratios fail on 22.2% 23.8% not rated under S&P Shariah
ratios pass on 27.3% ratios fail on 49.3% 23.2% not rated under MSCI Islamic
ratios pass on 53.8% ratios fail on 22.2% 23.8% not rated under MSCI Islamic M-Series
ratios pass on 33.7% ratios fail on 42.9% 23.2% not rated under FTSE Shariah
71 of 107 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 23 (43% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 105560.KS KB Financial Group Inc | 2.02% |
| ICICIBANK.NS ICICI Bank Ltd | 1.74% |
| TPEIR.AT Piraeus Bank SA | 1.48% |
| 1120.SR Al Rajhi Bank | 1.36% |
| 000270.KS Kia Corp | 1.20% |
| 1180.SR Saudi National Bank/The | 1.10% |
| AXISBANK.BO Axis Bank Ltd | 1.04% |
| BAP Credicorp Ltd | 1.02% |
| FSR.JO FirstRand Ltd | 1.01% |
| ITUB3.SA Itau Unibanco Holding SA | 0.97% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Goldman Sachs Emerging Markets Equity Ex. China Fund (GEMLX) 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 |
|---|---|---|
| TSMTSMC | 17.98% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 7.98% | Compliant |
| 000660.KSSK hynix Inc | 4.04% | Compliant |
| NU Holdings Ltd/Cayman Islandsnot matched to a ticker | 2.30% | Not screened |
| 402340.KSSK Square Co Ltd | 2.28% | Compliant |
| WPMWheaton Precious Metals Corp | 2.25% | Compliant |
| 2308.TWDelta Electronics Inc | 2.12% | Compliant |
| 105560.KSKB Financial Group Inc | 2.02% | Non-compliant |
| ICICIBANK.NSICICI Bank Ltd | 1.74% | Non-compliant |
| INFYInfosys Ltd | 1.57% | Compliant |
Top 10 of 107 holdings, 44.3% 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 GEMLX. 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
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.