Verdicts genuinely change. Free email alert the moment IPOIX'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.
Nomura Systematic Emerging Markets Equity Fund · IVY FUNDS
96 holdings
NON-COMPLIANT 42.71% of portfolio weight is in non-compliant holdings, over the 5% threshold.
96 holdings, 78 matched (93% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
3.69% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (62 of 96 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.
49.7% compliant 0.0% questionable 42.7% non-compliant 7.4% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 18.67% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 12.05% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| 000660.KS SK HYNIX INC | COMPLIANT | 7.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PZU.WA POWSZECHNY ZAKLAD UBEZPIECZEN SA | NON_COMPLIANT | 2.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NTES NETEASE INC | NON_COMPLIANT | 2.49% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| FSR.JO FIRSTRAND LTD | NON_COMPLIANT | 2.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MTN.JO MTN GROUP LTD | NON_COMPLIANT | 2.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PETR3.SA PETROLEO BRASILEIRO SA | NON_COMPLIANT | 2.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3988.HK BANK OF CHINA LTD | NON_COMPLIANT | 2.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2328.HK PICC PROPERTY & CASUALTY COMPANY LTD | NON_COMPLIANT | 2.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2317.TW HON HAI PRECISION INDUSTRY COMPANY LTD | NON_COMPLIANT | 1.79% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VEDL.NS VEDANTA LTD | COMPLIANT | 1.68% | AAOIFI26.4% Usmani12.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 1.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| LG UPLUS CORP | UNSCREENED | 1.55% | no in-house ratios for this holding |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (THE) | NON_COMPLIANT | 1.53% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0939.HK CHINA CONSTRUCTION BANK CORP | NON_COMPLIANT | 1.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EMAAR.AE EMAAR PROPERTIES PJSC | NON_COMPLIANT | 1.36% | AAOIFI10.8% Usmani6.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.7% MSCI Islamic M-Seriesfail FTSE Shariah5.7% |
| EMAAR DEVELOPMENT PJSC | UNSCREENED | 1.26% | no in-house ratios for this holding |
| 0700.HK TENCENT HOLDINGS LTD | COMPLIANT | 1.25% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 0267.HK CITIC LTD | NON_COMPLIANT | 1.21% | AAOIFI749.4% Usmani22.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic22.2% MSCI Islamic M-Series— FTSE Shariah22.2% |
| 0175.HK GEELY AUTOMOBILE HOLDINGS LTD | NON_COMPLIANT | 1.12% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BBDC3.SA BANCO BRADESCO SA | NON_COMPLIANT | 1.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2345.TW ACCTON TECHNOLOGY CORP | COMPLIANT | 1.09% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 009540.KS HD KOREA SHIPBUILDING&OFFSHORE ENGINEERING CO LTD | NON_COMPLIANT | 1.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BBDC3.SA BANCO BRADESCO SA | NON_COMPLIANT | 0.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HEROMOTOCO.NS HERO MOTOCORP LTD | COMPLIANT | 0.96% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 600066.SS YUTONG BUS CO LTD | COMPLIANT | 0.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2454.TW MEDIATEK INC | COMPLIANT | 0.89% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 105560.KS KB FINANCIAL GROUP INC | NON_COMPLIANT | 0.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INFY INFOSYS LTD | COMPLIANT | 0.85% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MOL MAGYAR OLAJ ES GAZIPARI NYRT | UNSCREENED | 0.83% | no in-house ratios for this holding |
| BPCL.NS BHARAT PETROLEUM CORP LTD | NON_COMPLIANT | 0.77% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IOC.NS INDIAN OIL CORP LTD | NON_COMPLIANT | 0.76% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| TCELL.IS TURKCELL ILETISIM HIZMETLERI AS | NON_COMPLIANT | 0.76% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BB SEGURIDADE PARTICIPACOES SA | UNSCREENED | 0.71% | no in-house ratios for this holding |
| VEDANTA ALUMINIUM METAL LTD | UNSCREENED | 0.66% | no in-house ratios for this holding |
| 0939.HK CHINA CONSTRUCTION BANK CORP | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0966.HK CHINA TAIPING INSURANCE HOLDINGS COMPANY LTD | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2618.HK JD LOGISTICS INC | NON_COMPLIANT | 0.55% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1099.HK SINOPHARM GROUP CO LTD | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 000270.KS KIA CORP | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1015.KL AMMB HOLDINGS BHD | NON_COMPLIANT | 0.50% | AAOIFI61.6% Usmani6.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.6% MSCI Islamic M-Seriesfail FTSE Shariah6.6% |
| HMY HARMONY GOLD MINING COMPANY LTD | COMPLIANT | 0.49% | AAOIFI3.2% Usmani14.2% Dow Jones Islamic4.3% S&P Shariah5.2% MSCI Islamic14.2% MSCI Islamic M-Series5.2% FTSE Shariah14.2% |
| CANBK.NS CANARA BANK LTD | NON_COMPLIANT | 0.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2882.TW CATHAY FINANCIAL HOLDING COMPANY LTD | NON_COMPLIANT | 0.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HANA FINANCIAL GROUP INC | UNSCREENED | 0.47% | no in-house ratios for this holding |
| 0788.HK CHINA TOWER CORP LTD | NON_COMPLIANT | 0.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VALE3.SA VALE SA | NON_COMPLIANT | 0.45% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3323.HK CHINA NATIONAL BUILDING MATERIAL COMPANY LTD | NON_COMPLIANT | 0.42% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ASIA VITAL COMPONENTS COMPANY LTD | UNSCREENED | 0.39% | no in-house ratios for this holding |
| TATASTEEL.NS TATA STEEL LTD | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HINDPETRO.NS HINDUSTAN PETROLEUM CORP LTD | NON_COMPLIANT | 0.37% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 161390.KS HANKOOK TIRE & TECHNOLOGY CO LTD | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ONGC.NS OIL AND NATURAL GAS CORP LTD | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 086280.KS HYUNDAI GLOVIS COMPANY LTD | COMPLIANT | 0.34% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 000001.SZ PING AN BANK CO LTD | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURKIYE PETROL RAFINERILERY AS | UNSCREENED | 0.31% | no in-house ratios for this holding |
| HCLTECH.NS HCL TECHNOLOGIES LTD | COMPLIANT | 0.30% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1326.TW FORMOSA CHEMICALS & FIBRE CORP | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IMP.JO IMPALA PLATINUM HOLDINGS LTD | COMPLIANT | 0.29% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ISCTR.IS TURKIYE IS BANKASI AS | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 017670.KS SK TELECOM CO LTD | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 015760.KS KOREA ELECTRIC POWER CORP | NON_COMPLIANT | 0.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600219.SS SHANDONG NANSHAN ALUMINIUM CO LTD | NON_COMPLIANT | 0.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ORDS.QA OOREDOO QPSC | NON_COMPLIANT | 0.26% | AAOIFI39.0% Usmani30.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic25.2% MSCI Islamic M-Seriesfail FTSE Shariah25.2% |
| BANK RAKYAT INDONESIA (PERSERO) TBK | UNSCREENED | 0.25% | no in-house ratios for this holding |
| 002532.SZ TIANSHAN ALUMINUM GROUP CO LTD | COMPLIANT | 0.24% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2628.HK CHINA LIFE INSURANCE COMPANY LTD | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FIDELITY COLCHESTER STREET TRUST | UNSCREENED | 0.24% | no in-house ratios for this holding |
| GOLDMAN SACHS TRUST | UNSCREENED | 0.24% | no in-house ratios for this holding |
| MORGAN STANLEY INSTITUTIONAL LIQUIDITY FUNDS | UNSCREENED | 0.24% | no in-house ratios for this holding |
| BLACKROCK LIQUIDITY FUNDS | UNSCREENED | 0.24% | no in-house ratios for this holding |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 0.23% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| VIPS VIPSHOP HOLDINGS LTD | NON_COMPLIANT | 0.23% | AAOIFI82.8% Usmani8.2% Dow Jones Islamic61.0% S&P Shariah62.0% MSCI Islamic8.2% MSCI Islamic M-Series62.0% FTSE Shariah7.4% |
| 034220.KS LG DISPLAY COMPANY LTD | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DIB.AE DUBAI ISLAMIC BANK PJSC | NON_COMPLIANT | 0.22% | AAOIFI48.4% Usmani6.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.1% MSCI Islamic M-Seriesfail FTSE Shariah6.1% |
| 0992.HK LENOVO GROUP LTD | COMPLIANT | 0.22% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VBBR3.SA VIBRA ENERGIA SA | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1339.HK PEOPLE'S INSURANCE COMPANY (GROUP) OF CHINA LTD (THE) | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SBSW SIBANYE-STILLWATER LTD | NON_COMPLIANT | 0.20% | AAOIFI23.4% Usmani30.2% Dow Jones Islamic9.1% S&P Shariah10.7% MSCI Islamic30.2% MSCI Islamic M-Series10.7% FTSE Shariah30.2% |
| 2338.HK WEICHAI POWER CO LTD | NON_COMPLIANT | 0.20% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1180.SR SAUDI NATIONAL BANK (THE) | NON_COMPLIANT | 0.18% | AAOIFI53.1% Usmani11.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic11.0% MSCI Islamic M-Seriesfail FTSE Shariah11.0% |
| ENELCHILE.SN ENEL CHILE SA | NON_COMPLIANT | 0.17% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| UNTR.JK UNITED TRACTORS TBK PT | COMPLIANT | 0.17% | AAOIFI22.2% Usmani11.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic10.6% MSCI Islamic M-Seriesfail FTSE Shariah10.6% |
| 0358.HK JIANGXI COPPER CO LTD | NON_COMPLIANT | 0.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600050.SS CHINA UNITED NETWORK COMMUNICATIONS LTD | NON_COMPLIANT | 0.12% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| VEDPOWER.NS VEDANTA POWER LTD | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VISL.NS VEDANTA IRON AND STEEL LTD | NON_COMPLIANT | 0.05% | AAOIFI126.4% Usmani97.0% Dow Jones Islamic— S&P Shariah— MSCI Islamic91.1% MSCI Islamic M-Series— FTSE Shariah91.1% |
| VOGL.NS VEDANTA OIL AND GAS LTD | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KWEICHOW MOUTAI COMPANY LTD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| JD JD.COM INC | NON_COMPLIANT | 0.00% | AAOIFI28.5% Usmani11.2% Dow Jones Islamic12.5% S&P Shariah13.4% MSCI Islamic11.2% MSCI Islamic M-Series13.4% FTSE Shariah6.4% |
| LASITE.MX SITIOS LATINOAMERICA SAB DE CV | NON_COMPLIANT | 0.00% | AAOIFI221.8% Usmani93.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic70.7% MSCI Islamic M-Seriesfail FTSE Shariah70.7% |
| BANCO NACIONAL SA | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SBERBANK OF RUSSIA OJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| LUKOIL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| FIX PRICE GROUP PLC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 48.9% of it passes S&P Shariah, 33.2% 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 48.1% ratios fail on 42.7% 8.9% not rated under AAOIFI
ratios pass on 36.3% ratios fail on 51.8% 11.6% not rated under Usmani
ratios pass on 48.8% ratios fail on 39.3% 11.7% not rated under Dow Jones Islamic
ratios pass on 48.9% ratios fail on 39.2% 11.7% not rated under S&P Shariah
ratios pass on 33.2% ratios fail on 55.0% 11.6% not rated under MSCI Islamic
ratios pass on 48.6% ratios fail on 39.5% 11.7% not rated under MSCI Islamic M-Series
ratios pass on 40.3% ratios fail on 47.9% 11.6% not rated under FTSE Shariah
76 of 96 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 19 (41% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| PZU.WA POWSZECHNY ZAKLAD UBEZPIECZEN SA | 2.62% |
| NTES NETEASE INC | 2.49% |
| FSR.JO FIRSTRAND LTD | 2.40% |
| MTN.JO MTN GROUP LTD | 2.29% |
| PETR3.SA PETROLEO BRASILEIRO SA | 2.23% |
| 3988.HK BANK OF CHINA LTD | 2.16% |
| 2328.HK PICC PROPERTY & CASUALTY COMPANY LTD | 2.11% |
| 2317.TW HON HAI PRECISION INDUSTRY COMPANY LTD | 1.79% |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD (THE) | 1.53% |
| 0939.HK CHINA CONSTRUCTION BANK CORP | 1.52% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Nomura Systematic Emerging Markets Equity Fund (IPOIX) 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 | 18.67% | Compliant |
| 005930.KSSAMSUNG ELECTRONICS CO LTD | 12.05% | Compliant |
| 000660.KSSK HYNIX INC | 7.41% | Compliant |
| PZU.WAPOWSZECHNY ZAKLAD UBEZPIECZEN SA | 2.62% | Non-compliant |
| NTESNETEASE INC | 2.49% | Non-compliant |
| FSR.JOFIRSTRAND LTD | 2.40% | Non-compliant |
| MTN.JOMTN GROUP LTD | 2.29% | Non-compliant |
| PETR3.SAPETROLEO BRASILEIRO SA | 2.23% | Non-compliant |
| 3988.HKBANK OF CHINA LTD | 2.16% | Non-compliant |
| 2328.HKPICC PROPERTY & CASUALTY COMPANY LTD | 2.11% | Non-compliant |
Top 10 of 96 holdings, 54.4% 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 IPOIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 48.30 | NEUTRAL |
| Stochastic %K (14) | 6.59 | BUY |
| CCI (20) | -45.60 | NEUTRAL |
| Williams %R (14) | -93.41 | BUY |
| MACD (12,26,9) | -0.06 | SELL |
| ROC (10) | -0.33 | SELL |
| Momentum (10) | -0.09 | SELL |
| EMA (10) | 27.76 | SELL |
| SMA (10) | 27.79 | SELL |
| EMA (20) | 27.73 | SELL |
| SMA (20) | 27.76 | SELL |
| EMA (30) | 27.65 | SELL |
| SMA (30) | 27.73 | SELL |
| EMA (50) | 27.49 | BUY |
| SMA (50) | 27.43 | BUY |
| EMA (100) | 27.00 | BUY |
| SMA (100) | 27.29 | BUY |
| EMA (200) | 25.68 | BUY |
| SMA (200) | 25.96 | 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.