Verdicts genuinely change. Free email alert the moment HLGZX'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.
Harding Loevner Global Equity Portfolio · HARDING LOEVNER FUNDS INC
63 holdings
NON-COMPLIANT 20.15% of portfolio weight is in non-compliant holdings, over the 5% threshold.
63 holdings, 60 matched (96% of weight). Portfolio as of 2026-07-31, filed 2026-09-28. Source: SEC Form N-PORT.
2.30% of this portfolio’s income is non-permissible — weighted across holdings, computed over 91% of portfolio weight (56 of 63 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.
61.5% compliant 14.1% questionable 20.2% non-compliant 3.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 4.70% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| NVDA NVIDIA CORP | COMPLIANT | 4.69% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| GOOG ALPHABET INC | QUESTIONABLE | 4.33% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 4.18% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 3.32% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| SU.PA SCHNEIDER ELECTRIC SE | COMPLIANT | 2.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RGA REINSURANCE GROUP OF AMERICA INC | NON_COMPLIANT | 2.74% | AAOIFI34.5% Usmani3.4% Dow Jones Islamic42.7% S&P Shariah45.0% MSCI Islamic3.4% MSCI Islamic M-Series45.0% FTSE Shariah3.4% |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 2.49% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| MSFT MICROSOFT CORP | QUESTIONABLE | 2.46% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| META META PLATFORMS INC | QUESTIONABLE | 2.13% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| SPOT SPOTIFY TECHNOLOGY SA | NON_COMPLIANT | 1.85% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| AAPL APPLE INC | COMPLIANT | 1.84% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| AVGO BROADCOM INC | COMPLIANT | 1.83% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| PGR PROGRESSIVE CORP (THE) | NON_COMPLIANT | 1.81% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| TMO THERMO FISHER SCIENTIFIC INC | COMPLIANT | 1.79% | AAOIFI20.5% Usmani40.3% Dow Jones Islamic23.4% S&P Shariah22.9% MSCI Islamic40.3% MSCI Islamic M-Series22.9% FTSE Shariah40.3% |
| ASML ASML HOLDING NV | COMPLIANT | 1.79% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| V VISA INC | COMPLIANT | 1.78% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| JNJ JOHNSON & JOHNSON | COMPLIANT | 1.71% | AAOIFI7.6% Usmani24.4% Dow Jones Islamic10.9% S&P Shariah11.7% MSCI Islamic24.4% MSCI Islamic M-Series11.7% FTSE Shariah24.4% |
| 1299.HK AIA GROUP LTD | NON_COMPLIANT | 1.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TW TRADEWEB MARKETS INC | COMPLIANT | 1.61% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 6758.T SONY GROUP CORP | COMPLIANT | 1.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CPG.L COMPASS GROUP PLC | COMPLIANT | 1.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HLN HALEON PLC | COMPLIANT | 1.51% | AAOIFI27.2% Usmani26.4% Dow Jones Islamic13.2% S&P Shariah13.9% MSCI Islamic26.4% MSCI Islamic M-Series13.9% FTSE Shariah26.4% |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 1.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| APH AMPHENOL CORP | NON_COMPLIANT | 1.47% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 0992.HK LENOVO GROUP LTD | COMPLIANT | 1.47% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RYAAY RYANAIR HOLDINGS PLC | COMPLIANT | 1.41% | AAOIFI9.6% Usmani15.3% Dow Jones Islamic3.6% S&P Shariah3.0% MSCI Islamic15.3% MSCI Islamic M-Series3.0% FTSE Shariah15.3% |
| NORTHERN INSTITUTIONAL FUNDS | UNSCREENED | 1.40% | no in-house ratios for this holding |
| 300750.SZ CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | COMPLIANT | 1.38% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| NVT NVENT ELECTRIC PLC | COMPLIANT | 1.38% | AAOIFI6.2% Usmani22.8% Dow Jones Islamic10.2% S&P Shariah11.5% MSCI Islamic22.8% MSCI Islamic M-Series11.5% FTSE Shariah20.9% |
| SLB LTD | UNSCREENED | 1.36% | no in-house ratios for this holding |
| BKNG BOOKING HOLDINGS INC | COMPLIANT | 1.33% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SHEL SHELL PLC | NON_COMPLIANT | 1.33% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| HEI HEICO CORP | COMPLIANT | 1.28% | AAOIFI5.8% Usmani25.6% Dow Jones Islamic31.9% S&P Shariah36.0% MSCI Islamic25.6% MSCI Islamic M-Series36.0% FTSE Shariah25.6% |
| ABBV ABBVIE INC | COMPLIANT | 1.27% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 6861.T KEYENCE CORP | COMPLIANT | 1.20% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 1.17% | no in-house ratios for this holding |
| ADBE ADOBE INC | COMPLIANT | 1.16% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| ELV ELEVANCE HEALTH INC | NON_COMPLIANT | 1.14% | AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6% |
| RO.SW ROCHE HOLDING AG | COMPLIANT | 1.12% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AME AMETEK INC | COMPLIANT | 1.11% | AAOIFI4.2% Usmani13.9% Dow Jones Islamic5.1% S&P Shariah5.4% MSCI Islamic13.9% MSCI Islamic M-Series5.4% FTSE Shariah12.3% |
| ATD.TO ALIMENTATION COUCHE-TARD INC | NON_COMPLIANT | 1.11% | AAOIFI30.2% Usmani49.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic37.8% MSCI Islamic M-Seriespass FTSE Shariah37.8% |
| DPLM.L DIPLOMA PLC | COMPLIANT | 1.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| DE DEERE & COMPANY | NON_COMPLIANT | 1.06% | AAOIFI9.1% Usmani15.9% Dow Jones Islamic12.7% S&P Shariah13.8% MSCI Islamic15.9% MSCI Islamic M-Series13.8% FTSE Shariah15.9% |
| 6326.T KUBOTA CORP | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NFLX NETFLIX INC | QUESTIONABLE | 1.02% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| DHR DANAHER CORP | COMPLIANT | 1.00% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| SAFRY SAFRAN SA | COMPLIANT | 1.00% | AAOIFI3.9% Usmani9.9% Dow Jones Islamic19.4% S&P Shariah22.2% MSCI Islamic8.6% MSCI Islamic M-Series22.2% FTSE Shariah8.6% |
| NBIX NEUROCRINE BIOSCIENCES INC | COMPLIANT | 1.00% | AAOIFI2.9% Usmani8.6% Dow Jones Islamic3.4% S&P Shariah3.5% MSCI Islamic8.6% MSCI Islamic M-Series3.5% FTSE Shariah0.0% |
| SGSN.SW SGS SA | COMPLIANT | 0.97% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NEE NEXTERA ENERGY INC | NON_COMPLIANT | 0.96% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| 8729.T SONY FINANCIAL GROUP INC | NON_COMPLIANT | 0.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ACN ACCENTURE PLC | COMPLIANT | 0.95% | AAOIFI7.7% Usmani12.2% Dow Jones Islamic5.0% S&P Shariah4.7% MSCI Islamic12.2% MSCI Islamic M-Series4.7% FTSE Shariah7.5% |
| EPI-A.ST EPIROC AB | COMPLIANT | 0.93% | AAOIFI6.4% Usmani28.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.1% MSCI Islamic M-Seriespass FTSE Shariah25.1% |
| IFX.DE INFINEON TECHNOLOGIES AG | COMPLIANT | 0.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAP SAP SE | COMPLIANT | 0.85% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| EFX EQUIFAX INC | COMPLIANT | 0.83% | AAOIFI27.1% Usmani45.6% Dow Jones Islamic19.8% S&P Shariah19.6% MSCI Islamic45.6% MSCI Islamic M-Series19.6% FTSE Shariah45.6% |
| HON HONEYWELL INTERNATIONAL INC | NON_COMPLIANT | 0.81% | AAOIFI52.6% Usmani45.3% Dow Jones Islamic26.8% S&P Shariah27.3% MSCI Islamic45.2% MSCI Islamic M-Series27.3% FTSE Shariah43.9% |
| HDFCBANK.NS HDFC BANK LTD | NON_COMPLIANT | 0.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ATKR ATKORE INC | NON_COMPLIANT | 0.74% | AAOIFI23.8% Usmani27.7% Dow Jones Islamic31.1% S&P Shariah23.1% MSCI Islamic27.7% MSCI Islamic M-Series23.1% FTSE Shariah27.7% |
| NOC NORTHROP GRUMMAN CORP | NON_COMPLIANT | 0.73% | AAOIFI23.3% Usmani33.6% Dow Jones Islamic21.9% S&P Shariah23.0% MSCI Islamic33.6% MSCI Islamic M-Series23.0% FTSE Shariah29.9% |
| CHGCY CHUGAI PHARMACEUTICAL CO LTD | COMPLIANT | 0.69% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HONA HONEYWELL AEROSPACE INC | COMPLIANT | 0.69% | AAOIFI32.8% Usmani83.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic83.4% MSCI Islamic M-Seriespass FTSE Shariah81.8% |
The published standards disagree about this fund by 24 points of portfolio weight — 78.7% of it passes AAOIFI, 54.3% 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 78.7% ratios fail on 14.2% 6.7% not rated under AAOIFI
ratios pass on 58.7% ratios fail on 28.3% 12.6% not rated under Usmani
ratios pass on 76.2% ratios fail on 12.8% 10.6% not rated under Dow Jones Islamic
ratios pass on 74.0% ratios fail on 13.8% 11.9% not rated under S&P Shariah
ratios pass on 54.3% ratios fail on 30.4% 14.9% not rated under MSCI Islamic
ratios pass on 74.0% ratios fail on 13.8% 11.9% not rated under MSCI Islamic M-Series
ratios pass on 62.6% ratios fail on 26.5% 10.6% not rated under FTSE Shariah
60 of 63 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 40 (69% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RGA REINSURANCE GROUP OF AMERICA INC | 2.74% |
| SPOT SPOTIFY TECHNOLOGY SA | 1.85% |
| PGR PROGRESSIVE CORP (THE) | 1.81% |
| 1299.HK AIA GROUP LTD | 1.62% |
| APH AMPHENOL CORP | 1.47% |
| SHEL SHELL PLC | 1.33% |
| ELV ELEVANCE HEALTH INC | 1.14% |
| ATD.TO ALIMENTATION COUCHE-TARD INC | 1.11% |
| DE DEERE & COMPANY | 1.06% |
| 6326.T KUBOTA CORP | 1.05% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Harding Loevner Global Equity Portfolio (HLGZX) 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 |
|---|---|---|
| TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 4.70% | Compliant |
| NVDANVIDIA CORP | 4.69% | Compliant |
| GOOGALPHABET INC | 4.33% | Questionable |
| AMZNAMAZON.COM INC | 4.18% | Questionable |
| 005930.KSSAMSUNG ELECTRONICS CO LTD | 3.32% | Compliant |
| SU.PASCHNEIDER ELECTRIC SE | 2.84% | Compliant |
| RGAREINSURANCE GROUP OF AMERICA INC | 2.74% | Non-compliant |
| 0700.HKTENCENT HOLDINGS LTD | 2.49% | Compliant |
| MSFTMICROSOFT CORP | 2.46% | Questionable |
| METAMETA PLATFORMS INC | 2.13% | Questionable |
Top 10 of 63 holdings, 33.9% 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 HLGZX. 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) | 54.00 | NEUTRAL |
| Stochastic %K (14) | 66.18 | NEUTRAL |
| CCI (20) | 60.09 | NEUTRAL |
| Williams %R (14) | -33.82 | NEUTRAL |
| MACD (12,26,9) | 0.00 | BUY |
| ROC (10) | -0.17 | SELL |
| Momentum (10) | -0.06 | SELL |
| EMA (10) | 34.14 | BUY |
| SMA (10) | 34.10 | BUY |
| EMA (20) | 34.09 | BUY |
| SMA (20) | 34.04 | BUY |
| EMA (30) | 34.02 | BUY |
| SMA (30) | 34.04 | BUY |
| EMA (50) | 33.84 | BUY |
| SMA (50) | 34.03 | BUY |
| EMA (100) | 33.38 | BUY |
| SMA (100) | 33.33 | BUY |
| EMA (200) | 32.67 | BUY |
| SMA (200) | 32.50 | BUY |
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.