KCAIETF / FundKraneShares China Alpha Index ETF
Verdicts genuinely change. Free email alert the moment KCAI'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.
KraneShares China Alpha Index ETF · Krane Shares Trust
38 holdings
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 59.79% of portfolio weight is in non-compliant holdings, over the 5% threshold.
38 holdings, 31 matched (80% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
6.81% of this portfolio’s income is non-permissible — weighted across holdings, computed over 44% of portfolio weight (19 of 38 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.
20.6% compliant 0.0% questionable 59.3% non-compliant 20.1% unscreened
All holdings (38)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| Zhejiang Juhua Co., Ltd. | UNSCREENED | 4.65% | no in-house ratios for this holding |
| Wus Printed Circuit Kunshan Co Ltd | UNSCREENED | 3.97% | no in-house ratios for this holding |
| Suzhou TFC Optical Communication Co Ltd | UNSCREENED | 3.79% | no in-house ratios for this holding |
| 300308.SZ Zhongji Innolight Co Ltd | COMPLIANT | 3.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6881.HK China Galaxy Securities Co., Ltd. | NON_COMPLIANT | 3.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 002648.SZ SATELLITE CHEMICAL CO., LTD. | COMPLIANT | 3.24% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | NON_COMPLIANT | 3.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3988.HK BANK OF CHINA LIMITED | NON_COMPLIANT | 3.14% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0939.HK CHINA CONSTRUCTION BANK CORPORATION | NON_COMPLIANT | 3.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 601169.SS Bank of Beijing Co., Ltd. | NON_COMPLIANT | 3.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1288.HK AGRICULTURAL BANK OF CHINA LIMITED | NON_COMPLIANT | 3.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3328.HK Bank of Communications Co., Ltd. | NON_COMPLIANT | 3.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 601229.SS Bank of Shanghai Co., Ltd. | NON_COMPLIANT | 3.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600919.SS Bank of Jiangsu Co., Ltd. | NON_COMPLIANT | 3.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600015.SS HUA XIA BANK CO., Limited | NON_COMPLIANT | 3.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600018.SS Shanghai International Port (Group) Co., Ltd. | NON_COMPLIANT | 3.01% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1766.HK CRRC Corporation Limited | NON_COMPLIANT | 3.00% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| China CSSC Holdings Limited | UNSCREENED | 3.00% | no in-house ratios for this holding |
| 3618.HK Chongqing Rural Commercial Bank Co., Ltd. | NON_COMPLIANT | 2.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600406.SS NARI Technology Co., Ltd. | COMPLIANT | 2.94% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 601006.SS Daqin Railway Co., Ltd. | NON_COMPLIANT | 2.92% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1919.HK COSCO SHIPPING Holdings Co., Ltd. | NON_COMPLIANT | 2.92% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 601009.SS BANK OF NANJING CO., LTD. | NON_COMPLIANT | 2.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 600660.SS FUYAO GLASS INDUSTRY GROUP CO., LTD. | COMPLIANT | 2.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| Eoptolink Technology Inc Ltd | UNSCREENED | 2.76% | no in-house ratios for this holding |
| 600066.SS YUTONG BUS CO., LTD. | COMPLIANT | 2.59% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2611.HK GUOTAI HAITONG SECURITIES CO., LTD. | NON_COMPLIANT | 2.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 601127.SS Seres Group Co.,Ltd. | NON_COMPLIANT | 2.36% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 688036.SS Shenzhen Transsion Holdings Co Ltd | NON_COMPLIANT | 2.26% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 600000.SS SHANGHAI PUDONG DEVELOPMENT BANK CO., LTD. | NON_COMPLIANT | 2.20% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1211.HK BYD COMPANY LIMITED | COMPLIANT | 2.11% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ZANGGE MINING COMPANY LIMITED | UNSCREENED | 1.83% | no in-house ratios for this holding |
| 6690.HK Haier Smart Home Co., Ltd. | COMPLIANT | 1.83% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 002371.SZ NAURA Technology Group Co., Ltd. | COMPLIANT | 1.64% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 600019.SS Baoshan Iron & Steel Co.,Ltd. | NON_COMPLIANT | 0.70% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2600.HK Aluminum Corporation of China Limited | NON_COMPLIANT | 0.69% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 200625.SZ Chongqing Changan Automobile Company Limited | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Beijing-Shanghai High Speed Railway Co Ltd | UNSCREENED | 0.24% | no in-house ratios for this holding |
The published standards disagree about this fund by 15 points of portfolio weight — 31.1% of it passes Usmani, 16.2% 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 20.7% ratios fail on 59.8% 20.2% not rated under AAOIFI
ratios pass on 31.1% ratios fail on 49.4% 20.2% not rated under Usmani
ratios pass on 20.5% ratios fail on 60.1% 20.2% not rated under Dow Jones Islamic
ratios pass on 22.7% ratios fail on 57.8% 20.2% not rated under S&P Shariah
ratios pass on 16.2% ratios fail on 64.4% 20.2% not rated under MSCI Islamic
ratios pass on 20.5% ratios fail on 60.1% 20.2% not rated under MSCI Islamic M-Series
ratios pass on 28.1% ratios fail on 52.4% 20.2% not rated under FTSE Shariah
31 of 38 listed holdings carry our own per-methodology verdicts (81% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 0 (0% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 6881.HK China Galaxy Securities Co., Ltd. | 3.34% |
| 1398.HK INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 3.16% |
| 3988.HK BANK OF CHINA LIMITED | 3.14% |
| 0939.HK CHINA CONSTRUCTION BANK CORPORATION | 3.11% |
| 601169.SS Bank of Beijing Co., Ltd. | 3.11% |
| 1288.HK AGRICULTURAL BANK OF CHINA LIMITED | 3.08% |
| 3328.HK Bank of Communications Co., Ltd. | 3.08% |
| 601229.SS Bank of Shanghai Co., Ltd. | 3.07% |
| 600919.SS Bank of Jiangsu Co., Ltd. | 3.06% |
| 600015.SS HUA XIA BANK CO., Limited | 3.03% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
KraneShares China Alpha Index ETF (KCAI) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| Zhejiang Juhua Co., Ltd.not matched to a ticker | 4.65% | Not screened |
| Wus Printed Circuit Kunshan Co Ltdnot matched to a ticker | 3.97% | Not screened |
| Suzhou TFC Optical Communication Co Ltdnot matched to a ticker | 3.79% | Not screened |
| 300308.SZZhongji Innolight Co Ltd | 3.54% | Compliant |
| 6881.HKChina Galaxy Securities Co., Ltd. | 3.34% | Non-compliant |
| 002648.SZSATELLITE CHEMICAL CO., LTD. | 3.24% | Compliant |
| 1398.HKINDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED | 3.16% | Non-compliant |
| 3988.HKBANK OF CHINA LIMITED | 3.14% | Non-compliant |
| 0939.HKCHINA CONSTRUCTION BANK CORPORATION | 3.11% | Non-compliant |
| 601169.SSBank of Beijing Co., Ltd. | 3.11% | Non-compliant |
Top 10 of 38 holdings, 35.0% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- Zhejiang Juhua Co., Ltd.not screened4.65%
- Wus Printed Circuit Kunshan Co Ltdnot screened3.97%
- Suzhou TFC Optical Communication Co Ltdnot screened3.79%
- 6881.HKnon-compliant3.34%
- 1398.HKnon-compliant3.16%
- 3988.HKnon-compliant3.14%
What changed, and when
Verdict history for KCAI. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for KCAI has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 4 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.
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.
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.
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.