GREKETF / FundGlobal X MSCI Greece ETF
Verdicts genuinely change. Free email alert the moment GREK'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 X MSCI Greece ETF ETF · GLOBAL X FUNDS
39 holdings · as of 2026-07-31 (2.7 months ago)
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 110% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 78.95% of portfolio weight is in non-compliant holdings, over the 5% threshold.
6.36% 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.
39 holdings, 24 matched (85% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
42.20% of this portfolio’s income is non-permissible — weighted across holdings, computed over 62% of portfolio weight (21 of 39 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.
13.2% compliant 0.0% questionable 72.1% non-compliant 14.7% unscreened
All holdings (39)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ETE.AT NATIONAL BANK OF GREECE S.A. | NON_COMPLIANT | 14.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EUROB.AT Eurobank S.A. | NON_COMPLIANT | 11.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TPEIR.AT Piraeus Bank SA | NON_COMPLIANT | 11.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALPHA.AT ALPHA BANK S.A. | NON_COMPLIANT | 6.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| United States of America | NON_COMPLIANT | 6.36% | no in-house ratios for this holding |
| PPC.AT PUBLIC POWER CORPORATION S.A. | NON_COMPLIANT | 6.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GEK TERNA SOCIETE ANONYME | UNSCREENED | 4.78% | no in-house ratios for this holding |
| MTLN.AT METLEN ENERGY & METALS PLC | NON_COMPLIANT | 4.56% | AAOIFI73.5% Usmani46.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.5% MSCI Islamic M-Seriesfail FTSE Shariah44.5% |
| MOH.AT MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. | NON_COMPLIANT | 4.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HTO.AT HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. | COMPLIANT | 3.94% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BELA.AT JUMBO S.A. | COMPLIANT | 3.30% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALWN.AT Allwyn AG | NON_COMPLIANT | 2.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OPTIMA.AT Optima bank S.A. | NON_COMPLIANT | 2.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TITAN.NS Titan SA | COMPLIANT | 2.76% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HELLENiQ ENERGY Holdings Societe Anonyme | UNSCREENED | 2.03% | no in-house ratios for this holding |
| HOLDING Company ADMIE (IPTO) S.A | UNSCREENED | 1.94% | no in-house ratios for this holding |
| AKTOR S.A. HOLDING COMPANY TECHNICAL AND ENERGY PROJECTS | UNSCREENED | 1.67% | no in-house ratios for this holding |
| CENER.BR CENERGY HOLDINGS SA | COMPLIANT | 1.58% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TEN TSAKOS ENERGY NAVIGATION LIMITED | NON_COMPLIANT | 1.34% | AAOIFI140.5% Usmani45.3% Dow Jones Islamic240.0% S&P Shariah253.2% MSCI Islamic45.3% MSCI Islamic M-Series253.2% FTSE Shariah45.1% |
| BYLOT.AT Bally's Intralot S.A. | NON_COMPLIANT | 1.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AIA.AT ATHENS INTERNATIONAL AIRPORT S.A. | COMPLIANT | 1.20% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Athens Water Supply and Sewerage Company SA | UNSCREENED | 1.07% | no in-house ratios for this holding |
| VIO.BR VIOHALCO SA | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CREDIA.AT CrediaBank S.A. | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AEGN.AT AEGEAN AIRLINES S.A. | NON_COMPLIANT | 0.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAR.AT GR. SARANTIS S.A. | COMPLIANT | 0.87% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LAMDA.AT LAMDA DEVELOPMENT S.A. | NON_COMPLIANT | 0.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PPA.AT Piraeus Port Authority SA | COMPLIANT | 0.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CITADEL SECURITIES LLC | UNSCREENED | 0.76% | no in-house ratios for this holding |
| AUTOHELLAS TOURIST AND TRADING SOCIETE ANONYME | UNSCREENED | 0.72% | no in-house ratios for this holding |
| DAIWA CAPITAL MARKETS AMERICA INC | UNSCREENED | 0.69% | no in-house ratios for this holding |
| Capital Clean Energy Carriers Corp. | UNSCREENED | 0.62% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL INC | UNSCREENED | 0.52% | no in-house ratios for this holding |
| CF SECURED LLC | UNSCREENED | 0.50% | no in-house ratios for this holding |
| NATWEST MARKETS SECURITIES INC | UNSCREENED | 0.40% | no in-house ratios for this holding |
| DEUTSCHE BANK SECURITIES INC | UNSCREENED | 0.37% | no in-house ratios for this holding |
| EXAE.AT EURONEXT ATHENS HOLDING S.A. | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 6 points of portfolio weight — 17.6% of it passes MSCI Islamic, 11.6% passes Usmani. 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 14.5% ratios fail on 72.6% 22.4% not rated under AAOIFI
ratios pass on 11.6% ratios fail on 75.5% 22.4% not rated under Usmani
ratios pass on 14.5% ratios fail on 72.6% 22.4% not rated under Dow Jones Islamic
ratios pass on 13.3% ratios fail on 73.8% 22.4% not rated under S&P Shariah
ratios pass on 17.6% ratios fail on 69.5% 22.4% not rated under MSCI Islamic
ratios pass on 13.3% ratios fail on 73.8% 22.4% not rated under MSCI Islamic M-Series
ratios pass on 17.6% ratios fail on 69.5% 22.4% not rated under FTSE Shariah
23 of 39 listed holdings carry our own per-methodology verdicts (87% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 2 (6% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ETE.AT NATIONAL BANK OF GREECE S.A. | 14.82% |
| EUROB.AT Eurobank S.A. | 11.83% |
| TPEIR.AT Piraeus Bank SA | 11.47% |
| ALPHA.AT ALPHA BANK S.A. | 6.90% |
| United States of America | 6.36% |
| PPC.AT PUBLIC POWER CORPORATION S.A. | 6.05% |
| MTLN.AT METLEN ENERGY & METALS PLC | 4.56% |
| MOH.AT MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. | 4.47% |
| ALWN.AT Allwyn AG | 2.91% |
| OPTIMA.AT Optima bank S.A. | 2.86% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Global X MSCI Greece ETF (GREK) 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.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for GREK — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
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.
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 45.30 | NEUTRAL |
| Stochastic %K (14) | 33.33 | NEUTRAL |
| CCI (20) | -53.04 | NEUTRAL |
| Williams %R (14) | -66.67 | NEUTRAL |
| MACD (12,26,9) | -0.15 | SELL |
| ROC (10) | -3.50 | SELL |
| Momentum (10) | -2.95 | SELL |
| EMA (10) | 81.01 | BUY |
| SMA (10) | 80.45 | BUY |
| EMA (20) | 81.95 | SELL |
| SMA (20) | 82.26 | SELL |
| EMA (30) | 82.41 | SELL |
| SMA (30) | 83.50 | SELL |
| EMA (50) | 82.25 | SELL |
| SMA (50) | 83.82 | SELL |
| EMA (100) | 79.98 | BUY |
| SMA (100) | 80.18 | BUY |
| EMA (200) | 75.16 | BUY |
| SMA (200) | 74.69 | BUY |
About Global X MSCI Greece ETF
The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is designed to represent the performance of the broad Greece equity universe. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
| ⏰ 4H | NEUTRAL | 15 |
| 🕐 1H | RANGING | 61 |
| ⏱ 15-Min | RANGING | 130 |
| ⏲ 5-Min | BULLISH | 234 |
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.
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 2026-10-13 · Asset managers net 915835 (+9220)
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.