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HALAL TRADING ROOM Sharia-screened signals
TERMINAL
IH

IHYETF / FundVanEck International High Yield Bond ETF

$20.79 last close 2026-11-05
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Verdicts genuinely change. Free email alert the moment IHY's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 26% of portfolio weight covered
Fund look-through

VanEck International High Yield Bond ETF · VanEck ETF Trust

533 holdings

NON-COMPLIANT At least 23.75% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 73% turns out to be. Matching more holdings can only raise this share, never lower it.

533 holdings, 138 matched (26% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.

2.45% of this portfolio’s income is non-permissible — weighted across holdings, computed over 22% of portfolio weight (122 of 533 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.

Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.

All holdings (533) · showing 501–533
HoldingStatusWeightEvery methodology, and the debt ratio behind it
TA.TO TRANSALTA CORP NON_COMPLIANT 0.04% AAOIFI87.1% Usmani51.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic50.1% MSCI Islamic M-Seriesfail FTSE Shariah50.1%
INTER PIPELINE LTD UNSCREENED 0.04% no in-house ratios for this holding
CGX.TO CINEPLEX INC NON_COMPLIANT 0.04% AAOIFI231.8% Usmani130.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic82.0% MSCI Islamic M-Seriesfail FTSE Shariah82.0%
ALA.TO ALTAGAS LTD NON_COMPLIANT 0.04% AAOIFI65.9% Usmani41.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic39.4% MSCI Islamic M-Seriesfail FTSE Shariah39.4%
BROOKFIELD PPTY FIN ULC UNSCREENED 0.04% no in-house ratios for this holding
SECURE WASTE INFRA CORP UNSCREENED 0.04% no in-house ratios for this holding
DOMAN BUILDING MATERIALS UNSCREENED 0.04% no in-house ratios for this holding
TA.TO TRANSALTA CORP NON_COMPLIANT 0.04% AAOIFI87.1% Usmani51.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic50.1% MSCI Islamic M-Seriesfail FTSE Shariah50.1%
ATS.TO ATS CORP NON_COMPLIANT 0.04% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass
NORTH AMER CONSTRUCTION UNSCREENED 0.04% no in-house ratios for this holding
TA.TO TRANSALTA CORP NON_COMPLIANT 0.04% AAOIFI87.1% Usmani51.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic50.1% MSCI Islamic M-Seriesfail FTSE Shariah50.1%
SLEEP COUNTRY CANADA INC UNSCREENED 0.04% no in-house ratios for this holding
KEY.TO KEYERA CORP NON_COMPLIANT 0.04% AAOIFI38.0% Usmani49.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.2% MSCI Islamic M-Seriesfail FTSE Shariah48.2%
LAURENTIAN BANK OF CDA UNSCREENED 0.04% no in-house ratios for this holding
ALGONQUIN PWR & UTILITY UNSCREENED 0.04% no in-house ratios for this holding
PPL.TO PEMBINA PIPELINE CORP NON_COMPLIANT 0.04% AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail
MINERAL RESOURCES LTD UNSCREENED 0.04% no in-house ratios for this holding
SPB.TO SUPERIOR PLUS LP NON_COMPLIANT 0.04% AAOIFI168.1% Usmani56.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic51.9% MSCI Islamic M-Seriesfail FTSE Shariah51.9%
JONES DESLAURIERS INSURA UNSCREENED 0.04% no in-house ratios for this holding
KRONOS ACQUISITION HOLDI UNSCREENED 0.04% no in-house ratios for this holding
MV24 CAPITAL BV UNSCREENED 0.04% no in-house ratios for this holding
PERU LNG SRL UNSCREENED 0.04% no in-house ratios for this holding
GSY.TO GOEASY LTD NON_COMPLIANT 0.03% AAOIFI684.3% Usmani81.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic80.3% MSCI Islamic M-Seriesfail FTSE Shariah80.3%
GSY.TO GOEASY LTD NON_COMPLIANT 0.03% AAOIFI684.3% Usmani81.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic80.3% MSCI Islamic M-Seriesfail FTSE Shariah80.3%
ALA.TO ALTAGAS LTD NON_COMPLIANT 0.02% AAOIFI65.9% Usmani41.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic39.4% MSCI Islamic M-Seriesfail FTSE Shariah39.4%
DND.TO DYE & DURHAM LIMITED NON_COMPLIANT 0.02% AAOIFI3523.2% Usmani75.4% Dow Jones Islamic— S&P Shariah— MSCI Islamic74.6% MSCI Islamic M-Series— FTSE Shariah74.6%
ESC CB144A ARDAGH PACK UNSCREENED 0.02% no in-house ratios for this holding
CORUS ENTERTAINMENT UNSCREENED 0.01% no in-house ratios for this holding
BAKRIE TELECOM PTE LTD UNSCREENED 0.00% no in-house ratios for this holding
ABENGOA ABENEWCO TWO UNSCREENED 0.00% no in-house ratios for this holding
ABENGOA SA UNSCREENED 0.00% no in-house ratios for this holding
ABENGOA ABENEWCO TWO UNSCREENED 0.00% no in-house ratios for this holding
DIGICEL GROUP HOLDINGS UNSCREENED 0.00% no in-house ratios for this holding

The published standards disagree about this fund by 5 points of portfolio weight — 6.6% of it passes FTSE Shariah, 1.9% passes Dow Jones 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 2.5% ratios fail on 23.2% 73.2% not rated under AAOIFI

88 of 533 listed holdings carry our own per-methodology verdicts (26% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 37 (9% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.

Non-compliant holdingWeight
STLAM.MI STELLANTIS NV 0.52%
YKBNK.IS YAPI VE KREDI BANKASI AS 0.49%
9984.T SOFTBANK GROUP CORP 0.46%
9984.T SOFTBANK GROUP CORP 0.46%
7201.T NISSAN MOTOR CO 0.34%
VOD.L VODAFONE GROUP PLC 0.33%
BAYN.DE BAYER AG 0.29%
VAR.OL VAR ENERGI ASA 0.28%
AF.PA AIR FRANCE-KLM 0.28%
AC.PA ACCOR SA 0.28%

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.

Structure2 of 4 timeframes bullish · 64.7% aligned
VWAPPrice holding above VWAP ($20.71)
VolumeRelative volume 7.2× the 20-day average
Momentum10-day rate of change +0.4%

VanEck International High Yield Bond ETF (IHY) 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.

Market & analysts
Momentum (10d)
+0.4%
rate of change
SMC grade
C · 56
64.7% aligned
C · 56
SMC grade — 64.7% timeframe alignment
+0.4%
Rate of change (10d)

🕌 In-house Compliance Research

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

21.6621.3921.1320.8620.592025-11-062026-05-082026-11-05

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

Support & Resistance
S3
20.67
S2
20.71
S1
20.77
PIVOT
20.81
R1
20.87
R2
20.91
R3
20.97

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
20.77 – 21.43
±1.54% from 21.10, made 2026-09-24 · resolves 2026-10-01
STRONG SELL
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — 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.

BUY
19 indicators
OscillatorsSTRONG BUY
3 buy · 4 neutral · 0 sell
Moving averagesSELL
5 buy · 0 neutral · 7 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)47.30NEUTRAL
Stochastic %K (14)78.13NEUTRAL
CCI (20)36.36NEUTRAL
Williams %R (14)-21.87NEUTRAL
MACD (12,26,9)0.03BUY
ROC (10)0.39BUY
Momentum (10)0.08BUY
EMA (10)20.74BUY
SMA (10)20.71BUY
EMA (20)20.78BUY
SMA (20)20.73BUY
EMA (30)20.84SELL
SMA (30)20.78BUY
EMA (50)20.97SELL
SMA (50)21.05SELL
EMA (100)21.12SELL
SMA (100)21.24SELL
EMA (200)21.16SELL
SMA (200)21.27SELL

About VanEck International High Yield Bond ETF

The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The index is comprised of below investment grade bonds issued by corporations located throughout the world (which may include emerging market countries) excluding the United States denominated in Euros, U.S. dollars, Canadian dollars or pound sterling and issued in the major domestic or Eurobond markets.

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

Grade verdict

Average — needs more confirmation before sizing up

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 BULLISH 43
🕐 1H NEUTRAL 16
⏱ 15-Min RANGING 67
⏲ 5-Min BULLISH 202

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.

+0.4%
Rate of change (10d)
7.2×
Volume vs its 20-day average
-0.09
MACD (no fresh cross)
$20.78
Volume POC (today)
$20.71 – $20.78
Value area

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 2026-10-27 · Asset managers net 923449 (+22072)

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.