Verdicts genuinely change. Free email alert the moment GRSIX'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.
Brookfield Next Generation Infrastructure Fund · Brookfield Investment Funds
32 holdings
NON-COMPLIANT 48.73% of portfolio weight is in non-compliant holdings, over the 5% threshold.
32 holdings, 26 matched (84% of weight). Portfolio as of 2026-03-31, filed 2026-05-29. Source: SEC Form N-PORT.
1.15% of this portfolio’s income is non-permissible — weighted across holdings, computed over 80% of portfolio weight (25 of 32 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.
34.7% compliant 0.0% questionable 48.7% non-compliant 16.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NEE NextEra Energy Inc | NON_COMPLIANT | 6.20% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| WM Waste Management Inc | COMPLIANT | 6.09% | AAOIFI25.8% Usmani50.3% Dow Jones Islamic26.5% S&P Shariah27.9% MSCI Islamic50.3% MSCI Islamic M-Series27.9% FTSE Shariah50.3% |
| SSE.L SSE PLC | NON_COMPLIANT | 5.36% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RSG Republic Services Inc | COMPLIANT | 5.01% | AAOIFI21.1% Usmani40.7% Dow Jones Islamic21.0% S&P Shariah22.6% MSCI Islamic40.7% MSCI Islamic M-Series22.6% FTSE Shariah40.0% |
| IBE.MC Iberdrola SA | NON_COMPLIANT | 4.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| First American Treasury Obliga | UNSCREENED | 4.29% | no in-house ratios for this holding |
| GRE.MC Grenergy Renovables SA | NON_COMPLIANT | 4.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CMS CMS Energy Corp | NON_COMPLIANT | 3.73% | AAOIFI89.2% Usmani47.2% Dow Jones Islamic90.3% S&P Shariah98.1% MSCI Islamic46.5% MSCI Islamic M-Series98.1% FTSE Shariah46.5% |
| VWS.CO Vestas Wind Systems A/S | COMPLIANT | 3.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| E.ON SE | UNSCREENED | 3.61% | no in-house ratios for this holding |
| AWK American Water Works Co Inc | NON_COMPLIANT | 3.09% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| HER.MI Hera SpA | NON_COMPLIANT | 3.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ELI.BR Elia Group SA/NV | NON_COMPLIANT | 3.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TT Trane Technologies PLC | COMPLIANT | 2.99% | AAOIFI4.7% Usmani19.3% Dow Jones Islamic5.0% S&P Shariah5.7% MSCI Islamic19.3% MSCI Islamic M-Series5.7% FTSE Shariah19.3% |
| SU.PA Schneider Electric SE | COMPLIANT | 2.98% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SVT.L Severn Trent PLC | NON_COMPLIANT | 2.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CEG Constellation Energy Corp | COMPLIANT | 2.95% | AAOIFI18.4% Usmani19.8% Dow Jones Islamic20.8% S&P Shariah24.7% MSCI Islamic19.8% MSCI Islamic M-Series24.7% FTSE Shariah19.8% |
| NXT Nextpower Inc | COMPLIANT | 2.94% | AAOIFI0.3% Usmani0.9% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic0.9% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| ES Eversource Energy | NON_COMPLIANT | 2.92% | AAOIFI108.8% Usmani45.9% Dow Jones Islamic122.9% S&P Shariah132.3% MSCI Islamic45.9% MSCI Islamic M-Series132.3% FTSE Shariah45.9% |
| PCG PG&E Corp | NON_COMPLIANT | 2.90% | AAOIFI201.1% Usmani43.7% Dow Jones Islamic141.7% S&P Shariah142.1% MSCI Islamic43.7% MSCI Islamic M-Series142.1% FTSE Shariah43.3% |
| ORVR3.SA Orizon Valorizacao de Residuos | COMPLIANT | 2.80% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Guangdong Investment Ltd | UNSCREENED | 2.59% | no in-house ratios for this holding |
| COPEL | UNSCREENED | 2.54% | no in-house ratios for this holding |
| EDPR.LS EDP Renovaveis SA | NON_COMPLIANT | 2.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Fortis Inc/Canada | UNSCREENED | 2.02% | no in-house ratios for this holding |
| GEV GE Vernova Inc | COMPLIANT | 1.92% | AAOIFI1.1% Usmani3.5% Dow Jones Islamic1.7% S&P Shariah2.0% MSCI Islamic3.5% MSCI Islamic M-Series2.0% FTSE Shariah3.5% |
| CARR Carrier Global Corp | COMPLIANT | 1.78% | AAOIFI24.6% Usmani32.2% Dow Jones Islamic21.6% S&P Shariah22.4% MSCI Islamic32.2% MSCI Islamic M-Series22.4% FTSE Shariah30.7% |
| B3H.F Boralex Inc | NON_COMPLIANT | 1.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PRY.MI Prysmian SpA | COMPLIANT | 1.60% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NG.L National Grid PLC | NON_COMPLIANT | 1.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Cia de Saneamento Basico do Es | UNSCREENED | 1.44% | no in-house ratios for this holding |
| RUN Sunrun Inc | NON_COMPLIANT | 1.00% | AAOIFI705.9% Usmani65.2% Dow Jones Islamic502.4% S&P Shariah503.0% MSCI Islamic65.0% MSCI Islamic M-Series503.0% FTSE Shariah64.9% |
The published standards disagree about this fund by 11 points of portfolio weight — 31.7% of it passes AAOIFI, 20.3% 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 31.7% ratios fail on 45.6% 22.6% not rated under AAOIFI
ratios pass on 23.2% ratios fail on 54.2% 22.6% not rated under Usmani
ratios pass on 31.7% ratios fail on 45.6% 22.6% not rated under Dow Jones Islamic
ratios pass on 28.9% ratios fail on 48.4% 22.6% not rated under S&P Shariah
ratios pass on 20.3% ratios fail on 57.1% 22.6% not rated under MSCI Islamic
ratios pass on 28.9% ratios fail on 48.4% 22.6% not rated under MSCI Islamic M-Series
ratios pass on 23.2% ratios fail on 54.2% 22.6% not rated under FTSE Shariah
26 of 32 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 12 (40% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NEE NextEra Energy Inc | 6.20% |
| SSE.L SSE PLC | 5.36% |
| IBE.MC Iberdrola SA | 4.86% |
| GRE.MC Grenergy Renovables SA | 4.07% |
| CMS CMS Energy Corp | 3.73% |
| AWK American Water Works Co Inc | 3.09% |
| HER.MI Hera SpA | 3.06% |
| ELI.BR Elia Group SA/NV | 3.00% |
| SVT.L Severn Trent PLC | 2.97% |
| ES Eversource Energy | 2.92% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Brookfield Next Generation Infrastructure Fund (GRSIX) 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 |
|---|---|---|
| NEENextEra Energy Inc | 6.20% | Non-compliant |
| WMWaste Management Inc | 6.09% | Compliant |
| SSE.LSSE PLC | 5.36% | Non-compliant |
| RSGRepublic Services Inc | 5.01% | Compliant |
| IBE.MCIberdrola SA | 4.86% | Non-compliant |
| First American Treasury Obliganot matched to a ticker | 4.29% | Not screened |
| GRE.MCGrenergy Renovables SA | 4.07% | Non-compliant |
| CMSCMS Energy Corp | 3.73% | Non-compliant |
| VWS.COVestas Wind Systems A/S | 3.68% | Compliant |
| E.ON SEnot matched to a ticker | 3.61% | Not screened |
Top 10 of 32 holdings, 46.9% 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 GRSIX. 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 2 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.