Verdicts genuinely change. Free email alert the moment INQQ'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.
INQQ The India Internet ETF · EXCHANGE TRADED CONCEPTS TRUST
28 holdings
NON-COMPLIANT 47.86% of portfolio weight is in non-compliant holdings, over the 5% threshold.
28 holdings, 28 matched (100% of weight). Portfolio as of 2026-05-31, filed 2026-07-29. Source: SEC Form N-PORT.
5.04% of this portfolio’s income is non-permissible — weighted across holdings, computed over 92% of portfolio weight (27 of 28 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.
51.8% compliant 0.0% questionable 47.9% non-compliant 0.0% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| RELIANCE.NS RELIANCE INDUSTRIES LIMITED | COMPLIANT | 7.81% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BAJFINANCE.NS BAJAJ FINANCE LIMITED | NON_COMPLIANT | 7.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GROWW.NS BILLIONBRAINS GARAGE VENTURES LIMITED | NON_COMPLIANT | 7.41% | AAOIFI0.2% Usmani1.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.6% MSCI Islamic M-Seriesfail FTSE Shariah1.6% |
| ETERNAL.NS Eternal Ltd | COMPLIANT | 6.77% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LENSKART.NS Lenskart Solutions Ltd | COMPLIANT | 6.65% | AAOIFI2.8% Usmani41.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic21.5% MSCI Islamic M-Seriespass FTSE Shariah21.5% |
| POLICYBZR.NS PB Fintech Ltd | NON_COMPLIANT | 6.50% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| JIOFIN.NS JIO FINANCIAL SERVICES LIMITED | COMPLIANT | 5.87% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NYKAA.NS FSN E-COMMERCE VENTURES LIMITED | COMPLIANT | 4.99% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PAYTM.NS ONE 97 COMMUNICATIONS LIMITED | NON_COMPLIANT | 4.41% | AAOIFI0.2% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.7% MSCI Islamic M-Seriesfail FTSE Shariah0.7% |
| MMYT MakeMyTrip Limited | NON_COMPLIANT | 4.02% | AAOIFI4.7% Usmani12.9% Dow Jones Islamic3.0% S&P Shariah3.3% MSCI Islamic12.9% MSCI Islamic M-Series3.3% FTSE Shariah12.9% |
| NAUKRI.NS INFO EDGE (INDIA) LIMITED | NON_COMPLIANT | 3.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ANGELONE.NS ANGEL ONE LIMITED | NON_COMPLIANT | 3.77% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JUBLFOOD.NS Jubilant FoodWorks Limited | COMPLIANT | 3.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| SWIGGY.NS SWIGGY LIMITED | COMPLIANT | 3.55% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| PINELABS.NS Pine Labs Ltd | NON_COMPLIANT | 2.99% | AAOIFI2.3% Usmani4.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.3% MSCI Islamic M-Seriesfail FTSE Shariah3.3% |
| HONASA.NS Honasa Consumer Ltd | COMPLIANT | 2.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| IEX.NS Indian Energy Exchange Ltd | NON_COMPLIANT | 2.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AFFLE.NS Affle 3i Ltd | COMPLIANT | 2.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CARTRADE.NS Cartrade Tech Ltd | COMPLIANT | 1.77% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| URBANCO.NS URBAN COMPANY LIMITED | NON_COMPLIANT | 1.68% | AAOIFI0.6% Usmani10.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.0% MSCI Islamic M-Seriesfail FTSE Shariah5.0% |
| NAZARA.NS Nazara Technologies Ltd | COMPLIANT | 1.63% | AAOIFI1.6% Usmani7.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.9% MSCI Islamic M-Seriespass FTSE Shariah4.9% |
| INDIAMART.NS Indiamart Intermesh Ltd | COMPLIANT | 1.58% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| GODIGIT.NS Go Digit General Insurance Ltd | NON_COMPLIANT | 1.49% | AAOIFI1.5% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.4% MSCI Islamic M-Seriesfail FTSE Shariah1.4% |
| FIRSTCRY.NS Brainbees Solutions Ltd | COMPLIANT | 1.27% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BLACKBUCK.NS Blackbuck Ltd | NON_COMPLIANT | 1.20% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TRUE-B.ST Truecaller AB | COMPLIANT | 0.87% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| IXIGO.NS Le Travenues Technology Ltd | COMPLIANT | 0.74% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| MAPMYINDIA.NS CE Info Systems Ltd | NON_COMPLIANT | 0.36% | AAOIFI0.1% Usmani1.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.7% MSCI Islamic M-Seriesfail FTSE Shariah0.7% |
The published standards disagree about this fund by 30 points of portfolio weight — 55.8% of it passes AAOIFI, 25.9% 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 55.8% ratios fail on 43.8% 0.0% not rated under AAOIFI
ratios pass on 25.9% ratios fail on 73.7% 0.0% not rated under Usmani
ratios pass on 55.8% ratios fail on 43.8% 0.0% not rated under Dow Jones Islamic
ratios pass on 55.8% ratios fail on 43.8% 0.0% not rated under S&P Shariah
ratios pass on 35.0% ratios fail on 64.6% 0.0% not rated under MSCI Islamic
ratios pass on 55.8% ratios fail on 43.8% 0.0% not rated under MSCI Islamic M-Series
ratios pass on 37.5% ratios fail on 62.1% 0.0% not rated under FTSE Shariah
28 of 28 listed holdings carry our own per-methodology verdicts (100% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 10 (37% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BAJFINANCE.NS BAJAJ FINANCE LIMITED | 7.60% |
| GROWW.NS BILLIONBRAINS GARAGE VENTURES LIMITED | 7.41% |
| POLICYBZR.NS PB Fintech Ltd | 6.50% |
| PAYTM.NS ONE 97 COMMUNICATIONS LIMITED | 4.41% |
| MMYT MakeMyTrip Limited | 4.02% |
| NAUKRI.NS INFO EDGE (INDIA) LIMITED | 3.90% |
| ANGELONE.NS ANGEL ONE LIMITED | 3.77% |
| PINELABS.NS Pine Labs Ltd | 2.99% |
| IEX.NS Indian Energy Exchange Ltd | 2.53% |
| URBANCO.NS URBAN COMPANY LIMITED | 1.68% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
INQQ The India Internet ETF (INQQ) 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.
Computing the full ratio and business-activity breakdown for INQQ — 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.
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) | 37.60 | NEUTRAL |
| Stochastic %K (14) | 15.53 | BUY |
| CCI (20) | -87.65 | NEUTRAL |
| Williams %R (14) | -84.47 | BUY |
| MACD (12,26,9) | -0.05 | SELL |
| ROC (10) | -3.50 | SELL |
| Momentum (10) | -0.47 | SELL |
| EMA (10) | 12.97 | SELL |
| SMA (10) | 12.91 | SELL |
| EMA (20) | 13.17 | SELL |
| SMA (20) | 13.25 | SELL |
| EMA (30) | 13.29 | SELL |
| SMA (30) | 13.46 | SELL |
| EMA (50) | 13.33 | SELL |
| SMA (50) | 13.60 | SELL |
| EMA (100) | 13.29 | SELL |
| SMA (100) | 13.11 | SELL |
| EMA (200) | 13.55 | SELL |
| SMA (200) | 13.10 | SELL |
The fund invests in securities comprising the index or in depositary receipts representing securities of the index. The index was designed by the index Provider to measure the performance of an investable universe of publicly-traded, Indian internet and ecommerce companies. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 |
| 🕐 1H | BEARISH | 22 |
| ⏱ 15-Min | BEARISH | 88 |
| ⏲ 5-Min | BULLISH | 234 |
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.
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.
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.
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
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)
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.