Verdicts genuinely change. Free email alert the moment KEMX'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 MSCI Emerging Markets ex China Index ETF ETF · Krane Shares Trust
289 holdings · as of 2026-06-30 (3.7 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 29.41% of portfolio weight is in non-compliant holdings, over the 5% threshold.
289 holdings, 206 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
5.64% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (158 of 289 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.
56.7% compliant 0.0% questionable 29.4% non-compliant 13.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| VEDL.NS VEDANTA LIMITED | COMPLIANT | 0.05% | AAOIFI26.4% Usmani12.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| AYALA LAND INC. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| AMOREPACIFIC CORPORATION | UNSCREENED | 0.05% | no in-house ratios for this holding |
| BBNI.JK PT Bank Negara Indonesia (Persero) Tbk | NON_COMPLIANT | 0.05% | AAOIFI50.6% Usmani5.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.2% MSCI Islamic M-Seriesfail FTSE Shariah5.2% |
| MOTV3.SA MOTIVA INFRAESTRUTURA DE MOBILIDADE S.A. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UPL.BO UPL LIMITED | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 024110.KS INDUSTRIAL BANK OF KOREA | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Companhia Energetica de Minas Gerais - CEMIG | UNSCREENED | 0.04% | no in-house ratios for this holding |
| MARK.QA AlRayan Bank Q.P.S.C. | NON_COMPLIANT | 0.04% | AAOIFI67.7% Usmani7.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.0% MSCI Islamic M-Seriesfail FTSE Shariah7.0% |
| PETRONAS GAS BERHAD | UNSCREENED | 0.04% | no in-house ratios for this holding |
| AYALA CORPORATION | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 010950.KS S-Oil Corporation | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RAIL3.SA RUMO S.A. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CELCOMDIGI BERHAD | UNSCREENED | 0.04% | no in-house ratios for this holding |
| INDUSINDBK.NS INDUSIND BANK LTD. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KLBN11.SA KLABIN S.A. | COMPLIANT | 0.03% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| COPEC.SN Empresas Copec S.A. | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AXIA Energia S.A. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MAEOY Manila Electric Company | NON_COMPLIANT | 0.02% | AAOIFI44.8% Usmani27.8% Dow Jones Islamic19.9% S&P Shariah22.4% MSCI Islamic27.8% MSCI Islamic M-Series22.4% FTSE Shariah27.8% |
| CPIN.JK PT Charoen Pokphand Indonesia Tbk | COMPLIANT | 0.02% | AAOIFI13.3% Usmani15.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic14.5% MSCI Islamic M-Seriespass FTSE Shariah14.5% |
| 034220.KS LG Display Co., Ltd. | NON_COMPLIANT | 0.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VEDPOWER.NS VEDANTA POWER LIMITED | NON_COMPLIANT | 0.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VISL.NS Vedanta Iron And Steel Limited | NON_COMPLIANT | 0.01% | 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 LIMITED | NON_COMPLIANT | 0.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SBERBANK ROSSII PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GAZPROM PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| GMK NORIL'SKIY NIKEL' PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SURGUTNEFTEGAZ PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| AK ALROSA PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| TATNEFT' IMENI V.D. SHASHINA PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NK LUKOIL PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SEVERSTAL' PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NEFTYANAYA KOMPANIYA ROSNEFT' PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| X5 Retail Group N.V. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NOVOLIPETSK STEEL PAO | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 23 points of portfolio weight — 52.3% of it passes AAOIFI, 29.7% 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 52.3% ratios fail on 29.5% 18.0% not rated under AAOIFI
ratios pass on 34.1% ratios fail on 47.6% 18.1% not rated under Usmani
ratios pass on 49.1% ratios fail on 32.4% 18.4% not rated under Dow Jones Islamic
ratios pass on 49.7% ratios fail on 31.8% 18.4% not rated under S&P Shariah
ratios pass on 29.7% ratios fail on 52.1% 18.0% not rated under MSCI Islamic
ratios pass on 48.8% ratios fail on 32.7% 18.4% not rated under MSCI Islamic M-Series
ratios pass on 35.8% ratios fail on 46.0% 18.0% not rated under FTSE Shariah
203 of 289 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 46 (35% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 2317.TW HON HAI PRECISION INDUSTRY CO., LTD. | 0.93% |
| ICICIBANK.NS ICICI BANK LIMITED | 0.89% |
| HDFCBANK.NS HDFC BANK LIMITED | 0.83% |
| NPN.JO NASPERS LIMITED | 0.74% |
| 005380.KS HYUNDAI MOTOR COMPANY | 0.63% |
| 105560.KS KB Financial Group Inc. | 0.61% |
| ITUB Itau Unibanco Holding S.A. | 0.53% |
| 2881.TW Fubon Financial Holding Co., Ltd. | 0.52% |
| 032830.KS Samsung Life Insurance Co., Ltd. | 0.52% |
| AXISBANK.BO AXIS BANK LIMITED | 0.52% |
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.
KraneShares MSCI Emerging Markets ex China Index ETF (KEMX) 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 KEMX — 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) | 37.40 | NEUTRAL |
| Stochastic %K (14) | 13.01 | BUY |
| CCI (20) | -131.39 | BUY |
| Williams %R (14) | -86.99 | BUY |
| MACD (12,26,9) | -0.39 | SELL |
| ROC (10) | -7.47 | SELL |
| Momentum (10) | -3.94 | SELL |
| EMA (10) | 49.73 | SELL |
| SMA (10) | 49.95 | SELL |
| EMA (20) | 50.43 | SELL |
| SMA (20) | 50.92 | SELL |
| EMA (30) | 50.65 | SELL |
| SMA (30) | 51.17 | SELL |
| EMA (50) | 50.64 | SELL |
| SMA (50) | 50.99 | SELL |
| EMA (100) | 49.70 | SELL |
| SMA (100) | 50.62 | SELL |
| EMA (200) | 46.29 | BUY |
| SMA (200) | 47.07 | BUY |
Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in instruments in its underlying index or in instruments that have economic characteristics similar to those in the underlying index. The underlying index is a free float-adjusted market capitalization weighted index designed to measure the equity market performance of mid- and large-cap companies of emerging market countries, excluding China.
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 | RANGING | 42 |
| 🕐 1H | BEARISH | 18 |
| ⏱ 15-Min | BEARISH | 72 |
| ⏲ 5-Min | BEARISH | 217 |
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 2026-10-13 · Asset managers net 915835 (+9220)
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.