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HALAL TRADING ROOM Sharia-screened signals
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GM

GMFETF / FundState Street(R) SPDR(R) S&P(R) Emerging Asia Pacific ETF

$156.25 last close 2026-10-09
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Verdicts genuinely change. Free email alert the moment GMF's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 87% of portfolio weight covered
Fund look-through

State Street(R) SPDR(R) S&P(R) Emerging Asia Pacific ETF ETF · SPDR INDEX SHARES FUNDS

1,292 holdings · as of 2026-06-30 (3.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.

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 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.

NON-COMPLIANT 31.89% of portfolio weight is in non-compliant holdings, over the 5% threshold.

1,292 holdings, 913 matched (87% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.

55.6% compliant 0.0% questionable 31.6% non-compliant 12.8% unscreened

Non-compliant holdingWeight
2317.TW Hon Hai Precision Industry Co Ltd 1.21%
0939.HK China Construction Bank Corp 1.04%
HDFCBANK.NS HDFC Bank Ltd 0.98%
ICICIBANK.NS ICICI Bank Ltd 0.88%
1398.HK Industrial & Commercial Bank of China Ltd 0.70%
2891.TW CTBC Financial Holding Co Ltd 0.66%
2885.TW Yuanta Financial Holding Co Ltd 0.57%
PDD PDD Holdings Inc 0.54%
NTES NetEase Inc 0.51%
3988.HK Bank of China Ltd 0.50%

Methodology breakdown computing — it will appear here on its own.

🕌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.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure0 of 3 timeframes bullish · 84.6% aligned
VWAPPrice holding above VWAP ($156.16)
VolumeRelative volume 0.2× the 20-day average
Momentum10-day rate of change -1.1%

State Street(R) SPDR(R) S&P(R) Emerging Asia Pacific ETF (GMF) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See the weight breakdown below for the reasoning.

Market & analysts
Momentum (10d)
-1.1%
rate of change
SMC grade
F · 32
84.6% aligned
F · 32
SMC grade — 84.6% timeframe alignment
-1.1%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for GMF — this runs off the critical path so the page paints first. It will appear here on its own.

160.71153.50146.28139.07131.862025-10-132026-04-142026-10-09

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

Support & Resistance
S3
153.41
S2
153.94
S1
154.27
PIVOT
154.80
R1
155.13
R2
155.66
R3
155.99

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

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
152.99 – 160.23
±2.31% from 156.61, made 2026-09-18 · resolves 2026-09-25
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 SELL
19 indicators
OscillatorsSTRONG SELL
0 buy · 4 neutral · 3 sell
Moving averagesSELL
5 buy · 0 neutral · 7 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)48.20NEUTRAL
Stochastic %K (14)30.43NEUTRAL
CCI (20)-28.94NEUTRAL
Williams %R (14)-69.57NEUTRAL
MACD (12,26,9)-0.23SELL
ROC (10)-1.11SELL
Momentum (10)-1.76SELL
EMA (10)156.94SELL
SMA (10)156.99SELL
EMA (20)156.97SELL
SMA (20)156.93SELL
EMA (30)156.77SELL
SMA (30)157.05SELL
EMA (50)156.18BUY
SMA (50)156.53SELL
EMA (100)154.15BUY
SMA (100)155.05BUY
EMA (200)149.46BUY
SMA (200)149.49BUY

About State Street(R) SPDR(R) S&P(R) Emerging Asia Pacific ETF

The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in depositary receipts based on securities comprising the index. The index is a float-adjusted market capitalization weighted index designed to define and measure the investable universe of publicly traded companies domiciled in emerging Asian Pacific markets. The fund is non-diversified.

Background via Yahoo Finance — informational, not part of the verdict.

Grade verdict

No real edge — avoid

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.

TimeframeBiasBars
📅 Daily BEARISH 42
⏱ 15-Min NEUTRAL 33
⏲ 5-Min BEARISH 101

Momentum & Volume

Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.

-1.1%
Rate of change (10d)
0.2×
Volume vs its 20-day average
-0.05
MACD (no fresh cross)

Peer Movement

How the rest of the sector moved over the same window. Context for a price move, never a cause of one.

Peer movement computing — it will appear here on its own.

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.

Insider Activity (90d)

Insider transactions reported in the last ninety days. Insiders sell for reasons that have nothing to do with a view, so a sale on its own is not a signal.

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.

NEUTRAL   report date 2026-10-06 · Asset managers net 906615 (+2612)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.