Verdicts genuinely change. Free email alert the moment KWT'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.
iShares MSCI Kuwait ETF · iShares Trust
40 holdings · as of 2026-05-31 (4.5 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 At least 62.95% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 37% turns out to be. Matching more holdings can only raise this share, never lower it.
40 holdings, 12 matched (63% of weight). Portfolio as of 2026-05-31, filed 2026-07-27. Source: SEC Form N-PORT.
37.91% of this portfolio’s income is non-permissible — weighted across holdings, computed over 3% of portfolio weight (3 of 40 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NBK.KW National Bank of Kuwait S.A.K.P. | NON_COMPLIANT | 22.62% | AAOIFI46.7% Usmani8.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.2% MSCI Islamic M-Seriesfail FTSE Shariah8.2% |
| KFH.KW KUWAIT FINANCE HOUSE K.S.C.P | NON_COMPLIANT | 22.08% | AAOIFI9.9% Usmani3.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.3% MSCI Islamic M-Seriesfail FTSE Shariah3.3% |
| MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P | UNSCREENED | 4.52% | no in-house ratios for this holding |
| GBK.KW Gulf Bank K.S.C.P | NON_COMPLIANT | 4.21% | AAOIFI53.5% Usmani10.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.2% MSCI Islamic M-Seriesfail FTSE Shariah10.2% |
| Mabanee Company K.P.S.C. | UNSCREENED | 4.08% | no in-house ratios for this holding |
| WARBABANK.KW Warba Bank K.S.C.P. | NON_COMPLIANT | 3.89% | AAOIFI11.9% Usmani2.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic2.6% MSCI Islamic M-Seriesfail FTSE Shariah2.6% |
| National Industries Group Holding KPSC | UNSCREENED | 3.12% | no in-house ratios for this holding |
| ABK.KW Al Ahli Bank of Kuwait K.S.C.P | NON_COMPLIANT | 2.84% | AAOIFI76.2% Usmani9.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic9.1% MSCI Islamic M-Seriesfail FTSE Shariah9.1% |
| Kuwait Real Estate Company - KPSC | UNSCREENED | 2.47% | no in-house ratios for this holding |
| Boursa Kuwait Securities Company KPSC | UNSCREENED | 2.40% | no in-house ratios for this holding |
| Commercial Real Estate Company K.P.S.C. | UNSCREENED | 2.07% | no in-house ratios for this holding |
| Boubyan Petrochemical Company K.S.C.P. | UNSCREENED | 1.99% | no in-house ratios for this holding |
| Kuwait Telecommunications Company K.S.C.P. | UNSCREENED | 1.80% | no in-house ratios for this holding |
| KIB.KW Kuwait International Bank K.S.C.P | NON_COMPLIANT | 1.76% | AAOIFI21.8% Usmani2.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic2.0% MSCI Islamic M-Seriesfail FTSE Shariah2.0% |
| Humansoft Holding Company KSCP | UNSCREENED | 1.75% | no in-house ratios for this holding |
| The Public Warehousing Company | UNSCREENED | 1.67% | no in-house ratios for this holding |
| BURG.KW Burgan Bank (K.P.S.C) | NON_COMPLIANT | 1.53% | AAOIFI76.5% Usmani6.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.1% MSCI Islamic M-Seriesfail FTSE Shariah6.1% |
| Gulf Cables and Electrical Industries Group Company KPSC | UNSCREENED | 1.52% | no in-house ratios for this holding |
| Ali Al-Ghanim Sons Automotive Company KSCP | UNSCREENED | 1.40% | no in-house ratios for this holding |
| KPROJ.KW KUWAIT PROJECTS COMPANY HOLDING K.S.C.P. | NON_COMPLIANT | 1.34% | AAOIFI621.6% Usmani16.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic16.4% MSCI Islamic M-Seriesfail FTSE Shariah16.4% |
| Salhia Real Estate Co KSCP | UNSCREENED | 1.32% | no in-house ratios for this holding |
| ARZAN.KW Arzan Financial Group for Financing and Investment KPSC | NON_COMPLIANT | 1.07% | AAOIFI22.9% Usmani18.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.0% MSCI Islamic M-Seriesfail FTSE Shariah18.0% |
| A'ayan Leasing and Investment Company K.S.C.P. | UNSCREENED | 0.93% | no in-house ratios for this holding |
| National Real Estate Company KPSC | UNSCREENED | 0.91% | no in-house ratios for this holding |
| NINV.KW National Investments Company K.S.C.P. | NON_COMPLIANT | 0.89% | AAOIFI35.9% Usmani22.8% Dow Jones Islamic— S&P Shariah— MSCI Islamic22.8% MSCI Islamic M-Series— FTSE Shariah22.8% |
| Mezzan Holding Company KSCP | UNSCREENED | 0.78% | no in-house ratios for this holding |
| Noor Financial Investment Co KPSC | UNSCREENED | 0.71% | no in-house ratios for this holding |
| JAZEERA.KW Jazeera Airways K.S.C.P. | NON_COMPLIANT | 0.66% | AAOIFI45.7% Usmani87.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic51.8% MSCI Islamic M-Series— FTSE Shariah51.8% |
| Shamal Az-Zour Al-Oula Power and Water Company KSCP | UNSCREENED | 0.56% | no in-house ratios for this holding |
| Heavy Engineering Industries and Shipbuilding Company KSCP | UNSCREENED | 0.56% | no in-house ratios for this holding |
| Combined Group Contracting Company KSCP | UNSCREENED | 0.51% | no in-house ratios for this holding |
| Alimtiaz Investment Group Co KSCP | UNSCREENED | 0.50% | no in-house ratios for this holding |
| Integrated Holding Company KSCP | UNSCREENED | 0.47% | no in-house ratios for this holding |
| United Real Estate Company K.S.C.P | UNSCREENED | 0.39% | no in-house ratios for this holding |
| IFA Hotels & Resorts Co. (K.P.S.C) | UNSCREENED | 0.32% | no in-house ratios for this holding |
| BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares | UNSCREENED | 0.18% | no in-house ratios for this holding |
| KUWAITI DINAR | UNSCREENED | 0.11% | no in-house ratios for this holding |
| National Industries Co KPSC | UNSCREENED | 0.11% | no in-house ratios for this holding |
| BOUBYAN.KW BOUBYAN BANK K.S.C.P. | NON_COMPLIANT | 0.07% | AAOIFI16.5% Usmani5.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.1% MSCI Islamic M-Seriesfail FTSE Shariah5.1% |
| MSCI EMGMKT JUN26 | UNSCREENED | 0.01% | no in-house ratios for this holding |
The published standards disagree about this fund by 1 points of portfolio weight — 0.9% of it passes Usmani, 0.0% passes AAOIFI. 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 0.0% ratios fail on 63.0% 37.2% not rated under AAOIFI
ratios pass on 0.9% ratios fail on 62.1% 37.2% not rated under Usmani
ratios pass on 0.0% ratios fail on 61.4% 38.7% not rated under Dow Jones Islamic
ratios pass on 0.0% ratios fail on 61.4% 38.7% not rated under S&P Shariah
ratios pass on 0.0% ratios fail on 62.1% 38.1% not rated under MSCI Islamic
ratios pass on 0.0% ratios fail on 61.4% 38.7% not rated under MSCI Islamic M-Series
ratios pass on 0.0% ratios fail on 62.1% 38.1% not rated under FTSE Shariah
12 of 40 listed holdings carry our own per-methodology verdicts (63% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.
| Non-compliant holding | Weight |
|---|---|
| NBK.KW National Bank of Kuwait S.A.K.P. | 22.62% |
| KFH.KW KUWAIT FINANCE HOUSE K.S.C.P | 22.08% |
| GBK.KW Gulf Bank K.S.C.P | 4.21% |
| WARBABANK.KW Warba Bank K.S.C.P. | 3.89% |
| ABK.KW Al Ahli Bank of Kuwait K.S.C.P | 2.84% |
| KIB.KW Kuwait International Bank K.S.C.P | 1.76% |
| BURG.KW Burgan Bank (K.P.S.C) | 1.53% |
| KPROJ.KW KUWAIT PROJECTS COMPANY HOLDING K.S.C.P. | 1.34% |
| ARZAN.KW Arzan Financial Group for Financing and Investment KPSC | 1.07% |
| NINV.KW National Investments Company K.S.C.P. | 0.89% |
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.
iShares MSCI Kuwait ETF (KWT) 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 KWT — 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) | 26.70 | BUY |
| Stochastic %K (14) | 0.68 | BUY |
| CCI (20) | -135.21 | BUY |
| Williams %R (14) | -99.32 | BUY |
| MACD (12,26,9) | -0.08 | SELL |
| ROC (10) | -2.48 | SELL |
| Momentum (10) | -0.90 | SELL |
| EMA (10) | 35.92 | SELL |
| SMA (10) | 35.89 | SELL |
| EMA (20) | 36.28 | SELL |
| SMA (20) | 36.36 | SELL |
| EMA (30) | 36.50 | SELL |
| SMA (30) | 36.79 | SELL |
| EMA (50) | 36.70 | SELL |
| SMA (50) | 37.03 | SELL |
| EMA (100) | 36.84 | SELL |
| SMA (100) | 36.89 | SELL |
| EMA (200) | 36.95 | SELL |
| SMA (200) | 36.76 | SELL |
The fund seeks to track the investment results of the MSCI All Kuwait Select Size Liquidity Capped Index (the “underlying index”), which is designed to measure the performance of the Kuwait equity universe. The underlying index is a free float-adjusted market capitalization weighted index with a capping methodology applied to avoid concentration. BFA uses a representative sampling indexing strategy to manage the fund. It may or may not hold all of the securities in the underlying index. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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 |
| ⏱ 15-Min | NEUTRAL | 19 |
| ⏲ 5-Min | BEARISH | 57 |
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.