Verdicts genuinely change. Free email alert the moment GHAYX'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.
Global Resources Fund · VanEck Funds
45 holdings
NON-COMPLIANT 27.13% of portfolio weight is in non-compliant holdings, over the 5% threshold.
45 holdings, 40 matched (88% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
0.41% of this portfolio’s income is non-permissible — weighted across holdings, computed over 79% of portfolio weight (37 of 45 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.
60.8% compliant 0.0% questionable 27.1% non-compliant 12.1% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NTR Nutrien Ltd | NON_COMPLIANT | 4.90% | AAOIFI18.8% Usmani18.9% Dow Jones Islamic29.7% S&P Shariah31.2% MSCI Islamic18.9% MSCI Islamic M-Series31.2% FTSE Shariah18.9% |
| FANG Diamondback Energy Inc | COMPLIANT | 4.13% | AAOIFI22.6% Usmani18.0% Dow Jones Islamic28.3% S&P Shariah31.9% MSCI Islamic18.0% MSCI Islamic M-Series31.9% FTSE Shariah18.0% |
| CNQ Canadian Natural Resources Ltd | COMPLIANT | 4.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| OVV Ovintiv Inc | NON_COMPLIANT | 4.00% | AAOIFI27.8% Usmani26.1% Dow Jones Islamic41.7% S&P Shariah41.7% MSCI Islamic25.5% MSCI Islamic M-Series41.7% FTSE Shariah19.2% |
| CRH CRH PLC | COMPLIANT | 3.73% | AAOIFI31.8% Usmani33.7% Dow Jones Islamic27.6% S&P Shariah30.6% MSCI Islamic32.7% MSCI Islamic M-Series30.6% FTSE Shariah30.4% |
| BP.L BP PLC | NON_COMPLIANT | 3.23% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GLEN.L Glencore PLC | NON_COMPLIANT | 3.23% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Invesco Treasury Portfolio | UNSCREENED | 3.02% | no in-house ratios for this holding |
| CNR Core Natural Resources Inc | COMPLIANT | 3.00% | AAOIFI9.1% Usmani7.3% Dow Jones Islamic11.1% S&P Shariah12.3% MSCI Islamic7.3% MSCI Islamic M-Series12.3% FTSE Shariah7.3% |
| HBM Hudbay Minerals Inc | COMPLIANT | 2.99% | AAOIFI5.7% Usmani16.2% Dow Jones Islamic17.1% S&P Shariah22.3% MSCI Islamic16.2% MSCI Islamic M-Series22.3% FTSE Shariah16.2% |
| EXE Expand Energy Corp | COMPLIANT | 2.85% | AAOIFI22.5% Usmani17.3% Dow Jones Islamic22.5% S&P Shariah27.7% MSCI Islamic17.3% MSCI Islamic M-Series27.7% FTSE Shariah17.0% |
| COP ConocoPhillips | COMPLIANT | 2.83% | AAOIFI14.4% Usmani18.7% Dow Jones Islamic19.1% S&P Shariah18.8% MSCI Islamic18.7% MSCI Islamic M-Series18.8% FTSE Shariah18.7% |
| SLB Ltd | UNSCREENED | 2.63% | no in-house ratios for this holding |
| CTVA Corteva Inc | COMPLIANT | 2.57% | AAOIFI2.9% Usmani4.0% Dow Jones Islamic3.6% S&P Shariah3.9% MSCI Islamic4.0% MSCI Islamic M-Series3.9% FTSE Shariah4.0% |
| AEM Agnico Eagle Mines Ltd | COMPLIANT | 2.47% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FNV Franco-Nevada Corp | COMPLIANT | 2.45% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SW Smurfit Westrock PLC | NON_COMPLIANT | 2.45% | AAOIFI61.2% Usmani31.3% Dow Jones Islamic62.7% S&P Shariah90.7% MSCI Islamic31.3% MSCI Islamic M-Series90.7% FTSE Shariah31.3% |
| AAL.L Anglo American PLC | COMPLIANT | 2.37% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IP International Paper Co | NON_COMPLIANT | 2.35% | AAOIFI50.2% Usmani27.3% Dow Jones Islamic47.6% S&P Shariah55.5% MSCI Islamic27.1% MSCI Islamic M-Series55.5% FTSE Shariah25.2% |
| Kimbell Royalty Partners LP | UNSCREENED | 2.31% | no in-house ratios for this holding |
| PR Permian Resources Corp | COMPLIANT | 2.24% | AAOIFI16.0% Usmani17.0% Dow Jones Islamic25.3% S&P Shariah28.1% MSCI Islamic16.9% MSCI Islamic M-Series28.1% FTSE Shariah16.2% |
| SHEL Shell PLC | NON_COMPLIANT | 2.18% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| WFG West Fraser Timber Co Ltd | COMPLIANT | 2.15% | AAOIFI5.3% Usmani4.9% Dow Jones Islamic6.5% S&P Shariah6.4% MSCI Islamic4.9% MSCI Islamic M-Series6.4% FTSE Shariah4.9% |
| BG Bunge Global SA | NON_COMPLIANT | 2.14% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Commercial Metals Co | UNSCREENED | 2.13% | no in-house ratios for this holding |
| JBS NV | UNSCREENED | 2.09% | no in-house ratios for this holding |
| KGC Kinross Gold Corp | COMPLIANT | 2.03% | AAOIFI1.8% Usmani5.9% Dow Jones Islamic2.9% S&P Shariah3.7% MSCI Islamic5.9% MSCI Islamic M-Series3.7% FTSE Shariah5.9% |
| STLD Steel Dynamics Inc | COMPLIANT | 1.85% | AAOIFI12.1% Usmani24.4% Dow Jones Islamic17.6% S&P Shariah18.9% MSCI Islamic24.4% MSCI Islamic M-Series18.9% FTSE Shariah24.4% |
| LPX Louisiana-Pacific Corp | COMPLIANT | 1.69% | AAOIFI8.0% Usmani14.5% Dow Jones Islamic6.1% S&P Shariah6.5% MSCI Islamic14.5% MSCI Islamic M-Series6.5% FTSE Shariah13.3% |
| BTU Peabody Energy Corp | COMPLIANT | 1.63% | AAOIFI11.8% Usmani7.8% Dow Jones Islamic15.1% S&P Shariah14.8% MSCI Islamic7.8% MSCI Islamic M-Series14.8% FTSE Shariah6.2% |
| AA Alcoa Corp | COMPLIANT | 1.62% | AAOIFI16.9% Usmani13.2% Dow Jones Islamic24.5% S&P Shariah28.1% MSCI Islamic13.2% MSCI Islamic M-Series28.1% FTSE Shariah13.2% |
| GMIN.TO G Mining Ventures Corp | COMPLIANT | 1.62% | AAOIFI1.3% Usmani7.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic7.5% MSCI Islamic M-Seriespass FTSE Shariah7.5% |
| PPC Pilgrim's Pride Corp | NON_COMPLIANT | 1.60% | AAOIFI43.6% Usmani31.0% Dow Jones Islamic33.3% S&P Shariah37.2% MSCI Islamic31.0% MSCI Islamic M-Series37.2% FTSE Shariah28.5% |
| FM.TO First Quantum Minerals Ltd | COMPLIANT | 1.50% | AAOIFI21.3% Usmani23.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.4% MSCI Islamic M-Seriesfail FTSE Shariah23.4% |
| CHRD Chord Energy Corp | COMPLIANT | 1.49% | AAOIFI18.8% Usmani11.0% Dow Jones Islamic23.8% S&P Shariah23.8% MSCI Islamic11.0% MSCI Islamic M-Series23.8% FTSE Shariah10.8% |
| ACA Arcosa Inc | COMPLIANT | 1.34% | AAOIFI21.0% Usmani28.5% Dow Jones Islamic28.9% S&P Shariah31.5% MSCI Islamic28.5% MSCI Islamic M-Series31.5% FTSE Shariah27.1% |
| CDE Coeur Mining Inc | COMPLIANT | 1.27% | AAOIFI0.0% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.2% MSCI Islamic0.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| WFRD Weatherford International PLC | COMPLIANT | 1.20% | AAOIFI26.7% Usmani33.0% Dow Jones Islamic29.9% S&P Shariah26.6% MSCI Islamic31.8% MSCI Islamic M-Series26.6% FTSE Shariah29.0% |
| NEO.TO Neo Performance Materials Inc | COMPLIANT | 1.14% | AAOIFI9.9% Usmani16.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.4% MSCI Islamic M-Seriespass FTSE Shariah15.4% |
| VLO Valero Energy Corp | COMPLIANT | 1.14% | AAOIFI10.3% Usmani14.1% Dow Jones Islamic17.0% S&P Shariah18.0% MSCI Islamic14.1% MSCI Islamic M-Series18.0% FTSE Shariah14.1% |
| NPH.JO Northam Platinum Holdings Ltd | COMPLIANT | 1.11% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| YCA.L Yellow Cake PLC | COMPLIANT | 1.07% | AAOIFIpass Usmanipass Dow Jones Islamic— S&P Shariah— MSCI Islamicpass MSCI Islamic M-Series— FTSE Shariahpass |
| MT ArcelorMittal SA | NON_COMPLIANT | 1.04% | AAOIFI31.9% Usmani13.7% Dow Jones Islamic40.2% S&P Shariah46.6% MSCI Islamic13.7% MSCI Islamic M-Series46.6% FTSE Shariah13.7% |
| NEM Newmont Corp | COMPLIANT | 0.72% | AAOIFI3.8% Usmani8.8% Dow Jones Islamic6.1% S&P Shariah7.4% MSCI Islamic8.8% MSCI Islamic M-Series7.4% FTSE Shariah8.8% |
| EGO Eldorado Gold Corp | COMPLIANT | 0.63% | AAOIFI8.2% Usmani19.0% Dow Jones Islamic24.3% S&P Shariah29.2% MSCI Islamic19.0% MSCI Islamic M-Series29.2% FTSE Shariah19.0% |
The published standards disagree about this fund by 24 points of portfolio weight — 73.8% of it passes FTSE Shariah, 49.3% 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 58.2% ratios fail on 19.8% 22.1% not rated under AAOIFI
ratios pass on 73.1% ratios fail on 4.9% 22.1% not rated under Usmani
ratios pass on 50.9% ratios fail on 23.0% 26.3% not rated under Dow Jones Islamic
ratios pass on 52.1% ratios fail on 21.8% 26.3% not rated under S&P Shariah
ratios pass on 70.1% ratios fail on 4.9% 25.2% not rated under MSCI Islamic
ratios pass on 49.3% ratios fail on 24.6% 26.3% not rated under MSCI Islamic M-Series
ratios pass on 73.8% ratios fail on 1.2% 25.2% not rated under FTSE Shariah
40 of 45 listed holdings carry our own per-methodology verdicts (88% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 32 (68% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Global Resources Fund (GHAYX) 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 |
|---|---|---|
| NTRNutrien Ltd | 4.90% | Non-compliant |
| FANGDiamondback Energy Inc | 4.13% | Compliant |
| CNQCanadian Natural Resources Ltd | 4.09% | Compliant |
| OVVOvintiv Inc | 4.00% | Non-compliant |
| CRHCRH PLC | 3.73% | Compliant |
| BP.LBP PLC | 3.23% | Non-compliant |
| GLEN.LGlencore PLC | 3.23% | Non-compliant |
| Invesco Treasury Portfolionot matched to a ticker | 3.02% | Not screened |
| CNRCore Natural Resources Inc | 3.00% | Compliant |
| HBMHudbay Minerals Inc | 2.99% | Compliant |
Top 10 of 45 holdings, 36.3% 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 GHAYX. 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) | 44.00 | NEUTRAL |
| Stochastic %K (14) | 57.55 | NEUTRAL |
| CCI (20) | -26.70 | NEUTRAL |
| Williams %R (14) | -42.45 | NEUTRAL |
| MACD (12,26,9) | 0.12 | BUY |
| ROC (10) | 2.18 | BUY |
| Momentum (10) | 1.22 | BUY |
| EMA (10) | 57.30 | SELL |
| SMA (10) | 56.98 | BUY |
| EMA (20) | 57.76 | SELL |
| SMA (20) | 57.56 | SELL |
| EMA (30) | 58.13 | SELL |
| SMA (30) | 58.81 | SELL |
| EMA (50) | 58.30 | SELL |
| SMA (50) | 59.45 | SELL |
| EMA (100) | 57.81 | SELL |
| SMA (100) | 57.58 | SELL |
| EMA (200) | 56.29 | BUY |
| SMA (200) | 57.33 | 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.