Verdicts genuinely change. Free email alert the moment KBWB'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.
Invesco KBW Bank ETF · Invesco Exchange-Traded Fund Trust II
28 holdings
NON-COMPLIANT 98.72% of portfolio weight is in non-compliant holdings, over the 5% threshold.
28 holdings, 23 matched (98% of weight). Portfolio as of 2026-05-31, filed 2026-07-30. Source: SEC Form N-PORT.
29.26% of this portfolio’s income is non-permissible — weighted across holdings, computed over 21% of portfolio weight (3 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.
0.0% compliant 0.0% questionable 98.5% non-compliant 1.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MS Morgan Stanley | NON_COMPLIANT | 9.36% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| GS Goldman Sachs Group, Inc. (The) | NON_COMPLIANT | 8.94% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| BAC Bank of America Corp. | NON_COMPLIANT | 7.76% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| JPM JPMorgan Chase & Co. | NON_COMPLIANT | 7.47% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| WFC Wells Fargo & Co. | NON_COMPLIANT | 7.13% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| STT State Street Corp. | NON_COMPLIANT | 4.53% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BNY Bank of New York Mellon Corp. (The) | NON_COMPLIANT | 4.39% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| C Citigroup Inc. | NON_COMPLIANT | 4.28% | AAOIFI159.2% Usmani13.8% Dow Jones Islamic214.6% S&P Shariah251.0% MSCI Islamic13.8% MSCI Islamic M-Series251.0% FTSE Shariah13.8% |
| PNC PNC Financial Services Group, Inc. (The) | NON_COMPLIANT | 3.90% | AAOIFI87.5% Usmani13.9% Dow Jones Islamic110.0% S&P Shariah122.6% MSCI Islamic13.9% MSCI Islamic M-Series122.6% FTSE Shariah13.9% |
| FITB Fifth Third Bancorp | NON_COMPLIANT | 3.78% | AAOIFI45.0% Usmani7.4% Dow Jones Islamic67.1% S&P Shariah76.4% MSCI Islamic7.4% MSCI Islamic M-Series76.4% FTSE Shariah7.4% |
| USB U.S. Bancorp | NON_COMPLIANT | 3.76% | AAOIFI38.7% Usmani5.1% Dow Jones Islamic49.4% S&P Shariah54.1% MSCI Islamic5.1% MSCI Islamic M-Series54.1% FTSE Shariah5.1% |
| MTB M&T Bank Corp. | NON_COMPLIANT | 3.73% | AAOIFI52.5% Usmani8.3% Dow Jones Islamic59.6% S&P Shariah66.0% MSCI Islamic8.3% MSCI Islamic M-Series66.0% FTSE Shariah8.3% |
| NTRS Northern Trust Corp. | NON_COMPLIANT | 3.68% | AAOIFI11.1% Usmani2.1% Dow Jones Islamic15.8% S&P Shariah17.9% MSCI Islamic2.1% MSCI Islamic M-Series17.9% FTSE Shariah2.1% |
| TFC Truist Financial Corp. | NON_COMPLIANT | 3.66% | AAOIFI110.7% Usmani12.6% Dow Jones Islamic124.2% S&P Shariah135.1% MSCI Islamic12.6% MSCI Islamic M-Series135.1% FTSE Shariah12.6% |
| HBAN Huntington Bancshares Inc. | NON_COMPLIANT | 3.65% | AAOIFI68.2% Usmani8.2% Dow Jones Islamic90.2% S&P Shariah102.6% MSCI Islamic8.2% MSCI Islamic M-Series102.6% FTSE Shariah8.2% |
| COF Capital One Financial Corp. | NON_COMPLIANT | 3.60% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| CFG Citizens Financial Group, Inc. | NON_COMPLIANT | 3.17% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| RF Regions Financial Corp. | NON_COMPLIANT | 2.90% | AAOIFI29.4% Usmani4.7% Dow Jones Islamic35.1% S&P Shariah38.7% MSCI Islamic4.7% MSCI Islamic M-Series38.7% FTSE Shariah4.7% |
| KEY KeyCorp | NON_COMPLIANT | 2.78% | AAOIFI47.1% Usmani5.7% Dow Jones Islamic56.9% S&P Shariah65.9% MSCI Islamic5.7% MSCI Islamic M-Series65.9% FTSE Shariah5.7% |
| EWBC East West Bancorp, Inc. | NON_COMPLIANT | 2.02% | AAOIFI44.9% Usmani9.5% Dow Jones Islamic56.5% S&P Shariah64.1% MSCI Islamic9.5% MSCI Islamic M-Series64.1% FTSE Shariah9.5% |
| PNFP Pinnacle Financial Partners, Inc. | NON_COMPLIANT | 1.77% | AAOIFI16.1% Usmani1.9% Dow Jones Islamic27.2% S&P Shariah30.6% MSCI Islamic1.9% MSCI Islamic M-Series30.6% FTSE Shariah1.9% |
| FHN First Horizon Corp. | NON_COMPLIANT | 1.40% | AAOIFI187.6% Usmani26.2% Dow Jones Islamic208.5% S&P Shariah233.7% MSCI Islamic26.2% MSCI Islamic M-Series233.7% FTSE Shariah26.2% |
| Zions Bancorp., N.A. | UNSCREENED | 1.11% | no in-house ratios for this holding |
| WAL Western Alliance Bancorporation | NON_COMPLIANT | 1.05% | AAOIFI141.5% Usmani12.7% Dow Jones Islamic142.6% S&P Shariah158.1% MSCI Islamic12.7% MSCI Islamic M-Series158.1% FTSE Shariah12.7% |
| Invesco Private Prime Fund | UNSCREENED | 0.20% | no in-house ratios for this holding |
| Invesco Government & Agency Portfolio | UNSCREENED | 0.15% | no in-house ratios for this holding |
| Invesco Private Government Fund | UNSCREENED | 0.08% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.01% | no in-house ratios for this holding |
All 7 published standards agree about this fund to within 0.0 points of portfolio weight.
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 0.0% ratios fail on 95.0% 5.2% not rated under AAOIFI
ratios pass on 0.0% ratios fail on 45.5% 54.8% not rated under Usmani
ratios pass on 0.0% ratios fail on 95.0% 5.2% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 95.0% 5.2% not rated under S&P Shariah
ratios pass on 0.0% ratios fail on 45.5% 54.8% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 95.0% 5.2% not rated under MSCI Islamic M-Series
ratios pass on 0.0% ratios fail on 45.5% 54.8% not rated under FTSE Shariah
23 of 28 listed holdings carry our own per-methodology verdicts (99% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| MS Morgan Stanley | 9.36% |
| GS Goldman Sachs Group, Inc. (The) | 8.94% |
| BAC Bank of America Corp. | 7.76% |
| JPM JPMorgan Chase & Co. | 7.47% |
| WFC Wells Fargo & Co. | 7.13% |
| STT State Street Corp. | 4.53% |
| BNY Bank of New York Mellon Corp. (The) | 4.39% |
| C Citigroup Inc. | 4.28% |
| PNC PNC Financial Services Group, Inc. (The) | 3.90% |
| FITB Fifth Third Bancorp | 3.78% |
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.
Invesco KBW Bank ETF (KBWB) 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.
Computing the full ratio and business-activity breakdown for KBWB — this runs off the critical path so the page paints first. It will appear here on its own.
| Investor | Firm | Position | Weight | As of |
|---|---|---|---|---|
| Ken Fisher | Fisher Asset Management | $386M | 0.1% | 2026-06-30 |
From the most recent 13F on file. A 13F reports long US equity positions quarterly and in arrears — it is what a manager held on the report date, not what they hold today.
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) | 32.70 | NEUTRAL |
| Stochastic %K (14) | 32.94 | NEUTRAL |
| CCI (20) | -56.74 | NEUTRAL |
| Williams %R (14) | -67.06 | NEUTRAL |
| MACD (12,26,9) | 0.09 | BUY |
| ROC (10) | -1.40 | SELL |
| Momentum (10) | -1.23 | SELL |
| EMA (10) | 87.72 | SELL |
| SMA (10) | 87.32 | SELL |
| EMA (20) | 89.06 | SELL |
| SMA (20) | 88.78 | SELL |
| EMA (30) | 90.23 | SELL |
| SMA (30) | 91.09 | SELL |
| EMA (50) | 91.46 | SELL |
| SMA (50) | 93.43 | SELL |
| EMA (100) | 91.18 | SELL |
| SMA (100) | 92.95 | SELL |
| EMA (200) | 87.51 | SELL |
| SMA (200) | 88.00 | SELL |
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is a modified-market capitalization-weighted index of companies primarily engaged in U.S. banking activities, as determined by the index provider. The underlying index is designed to track the performance of large national U.S. money centers, regional banks, and thrift institutions that are publicly traded in the U.S. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
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 | RANGING | 41 |
| ⏰ 4H | RANGING | 37 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BEARISH | 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.