Verdicts genuinely change. Free email alert the moment LDMIX'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.
Lazard Developing Markets Equity Portfolio · LAZARD FUNDS INC
64 holdings
NON-COMPLIANT 14.84% of portfolio weight is in non-compliant holdings, over the 5% threshold.
64 holdings, 49 matched (84% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
3.48% of this portfolio’s income is non-permissible — weighted across holdings, computed over 76% of portfolio weight (43 of 64 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.
69.2% compliant 0.0% questionable 14.8% non-compliant 15.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 16.20% | 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 | 10.62% | 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 | 9.47% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 3.19% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ASX ASE Technology Holding Co Ltd | COMPLIANT | 2.56% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 2454.TW MediaTek Inc | COMPLIANT | 2.53% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 0992.HK Lenovo Group Ltd | COMPLIANT | 2.50% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 2.01% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| Grupo Financiero Banorte SAB de CV | UNSCREENED | 1.91% | no in-house ratios for this holding |
| Capitec Bank Holdings Ltd | UNSCREENED | 1.79% | no in-house ratios for this holding |
| SBK.JO Standard Bank Group Ltd | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAP Credicorp Ltd | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2318.HK Ping An Insurance Group Co of China Ltd | NON_COMPLIANT | 1.51% | AAOIFI155.6% Usmani10.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.4% MSCI Islamic M-Seriesfail FTSE Shariah10.4% |
| PRIO SA/Brazil | UNSCREENED | 1.45% | no in-house ratios for this holding |
| 002371.SZ NAURA Technology Group Co Ltd | COMPLIANT | 1.33% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BFT.WA Benefit Systems SA | COMPLIANT | 1.31% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SN SharkNinja Inc | COMPLIANT | 1.28% | AAOIFI3.7% Usmani16.3% Dow Jones Islamic5.8% S&P Shariah6.9% MSCI Islamic16.3% MSCI Islamic M-Series6.9% FTSE Shariah12.8% |
| ALE.WA Allegro.eu SA | COMPLIANT | 1.27% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ORVR3.SA Orizon Valorizacao de Residuos SA | COMPLIANT | 1.25% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 1.24% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| D'Alba Global Co Ltd | UNSCREENED | 1.24% | no in-house ratios for this holding |
| Shenzhen Sunlord Electronics Co Ltd | UNSCREENED | 1.23% | no in-house ratios for this holding |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 1.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Foxconn Industrial Internet Co Ltd | UNSCREENED | 1.10% | no in-house ratios for this holding |
| Lotes Co Ltd | UNSCREENED | 1.07% | no in-house ratios for this holding |
| King Yuan Electronics Co Ltd | UNSCREENED | 1.04% | no in-house ratios for this holding |
| 300308.SZ Zhongji Innolight Co Ltd | COMPLIANT | 1.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| HDFCBANK.NS HDFC Bank Ltd | NON_COMPLIANT | 1.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| International Container Terminal Services Inc | UNSCREENED | 1.03% | no in-house ratios for this holding |
| PPC.AT Public Power Corp SA | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 011070.KS LG Innotek Co Ltd | COMPLIANT | 0.89% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 0425.HK Minth Group Ltd | COMPLIANT | 0.89% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 012450.KS Hanwha Aerospace Co Ltd | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CS.TO Capstone Copper Corp | COMPLIANT | 0.88% | AAOIFI14.9% Usmani22.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic18.5% MSCI Islamic M-Seriespass FTSE Shariah18.5% |
| 3665.TW Bizlink Holding Inc | COMPLIANT | 0.87% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| LAZARD GOVT MNY MMKT INS | UNSCREENED | 0.81% | no in-house ratios for this holding |
| RDOR3.SA Rede D'Or Sao Luiz SA | NON_COMPLIANT | 0.78% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Astor Transformator Enerji Turizm Insaat Ve Petrol Sanayi Ticaret AS | UNSCREENED | 0.75% | no in-house ratios for this holding |
| RELIANCE.NS Reliance Industries Ltd | COMPLIANT | 0.75% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASELS.IS Aselsan Elektronik Sanayi Ve Ticaret AS | NON_COMPLIANT | 0.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BHARTIARTL.BO Bharti Airtel Ltd | COMPLIANT | 0.74% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BAJFINANCE.NS Bajaj Finance Ltd | NON_COMPLIANT | 0.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 443060.KS HD Hyundai Marine Solution Co Ltd | COMPLIANT | 0.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Yadea Group Holdings Ltd | UNSCREENED | 0.70% | no in-house ratios for this holding |
| 1211.HK BYD Co Ltd | COMPLIANT | 0.69% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 300274.SZ Sungrow Power Supply Co Ltd | COMPLIANT | 0.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BDO Unibank Inc | UNSCREENED | 0.67% | no in-house ratios for this holding |
| GAPB.MX Grupo Aeroportuario del Pacifico SAB de CV | COMPLIANT | 0.66% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 2899.HK Zijin Mining Group Co Ltd | COMPLIANT | 0.64% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AMBER.NS Amber Enterprises India Ltd | COMPLIANT | 0.61% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 600660.SS Fuyao Glass Industry Group Co Ltd | COMPLIANT | 0.60% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1810.HK Xiaomi Corp | COMPLIANT | 0.60% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Silicon2 Co Ltd | UNSCREENED | 0.59% | no in-house ratios for this holding |
| BBRI.JK Bank Rakyat Indonesia Persero Tbk PT | NON_COMPLIANT | 0.59% | AAOIFI35.6% Usmani8.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.0% MSCI Islamic M-Seriesfail FTSE Shariah8.0% |
| TOTVS SA | UNSCREENED | 0.58% | no in-house ratios for this holding |
| 079550.KS LIG Defense&Aerospace Co Ltd | NON_COMPLIANT | 0.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MPHASIS.BO Mphasis Ltd | COMPLIANT | 0.53% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TABGD.IS TAB Gida Sanayi Ve Ticaret AS | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 000270.KS Kia Corp | NON_COMPLIANT | 0.52% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| JMT.LS Jeronimo Martins SGPS SA | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BBCA.JK Bank Central Asia Tbk PT | NON_COMPLIANT | 0.45% | AAOIFI0.3% Usmani0.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| 5388.TW Sercomm Corp | COMPLIANT | 0.42% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CSG.AS CSG NV | NON_COMPLIANT | 0.42% | AAOIFI22.8% Usmani44.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.7% MSCI Islamic M-Seriesfail FTSE Shariah44.7% |
| EPAM EPAM Systems Inc | COMPLIANT | 0.30% | AAOIFI2.6% Usmani3.3% Dow Jones Islamic1.6% S&P Shariah1.4% MSCI Islamic3.3% MSCI Islamic M-Series1.4% FTSE Shariah0.5% |
The published standards disagree about this fund by 32 points of portfolio weight — 64.7% of it passes AAOIFI, 33.1% 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 64.7% ratios fail on 16.8% 18.5% not rated under AAOIFI
ratios pass on 37.4% ratios fail on 39.0% 23.7% not rated under Usmani
ratios pass on 56.4% ratios fail on 20.0% 23.7% not rated under Dow Jones Islamic
ratios pass on 55.6% ratios fail on 20.8% 23.7% not rated under S&P Shariah
ratios pass on 33.1% ratios fail on 43.2% 23.7% not rated under MSCI Islamic
ratios pass on 54.2% ratios fail on 22.1% 23.7% not rated under MSCI Islamic M-Series
ratios pass on 41.4% ratios fail on 34.9% 23.7% not rated under FTSE Shariah
49 of 64 listed holdings carry our own per-methodology verdicts (84% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 10 (34% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SBK.JO Standard Bank Group Ltd | 1.72% |
| BAP Credicorp Ltd | 1.72% |
| 2318.HK Ping An Insurance Group Co of China Ltd | 1.51% |
| ICICIBANK.NS ICICI Bank Ltd | 1.13% |
| HDFCBANK.NS HDFC Bank Ltd | 1.03% |
| PPC.AT Public Power Corp SA | 1.01% |
| 012450.KS Hanwha Aerospace Co Ltd | 0.88% |
| RDOR3.SA Rede D'Or Sao Luiz SA | 0.78% |
| ASELS.IS Aselsan Elektronik Sanayi Ve Ticaret AS | 0.75% |
| BAJFINANCE.NS Bajaj Finance Ltd | 0.73% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Lazard Developing Markets Equity Portfolio (LDMIX) 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 Co Ltd | 16.20% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 10.62% | Compliant |
| 000660.KSSK hynix Inc | 9.47% | Compliant |
| 0700.HKTencent Holdings Ltd | 3.19% | Compliant |
| ASXASE Technology Holding Co Ltd | 2.56% | Compliant |
| 2454.TWMediaTek Inc | 2.53% | Compliant |
| 0992.HKLenovo Group Ltd | 2.50% | Compliant |
| BABAAlibaba Group Holding Ltd | 2.01% | Compliant |
| Grupo Financiero Banorte SAB de CVnot matched to a ticker | 1.91% | Not screened |
| Capitec Bank Holdings Ltdnot matched to a ticker | 1.79% | Not screened |
Top 10 of 64 holdings, 52.8% 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 LDMIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 2 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.
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) | 46.80 | NEUTRAL |
| Stochastic %K (14) | 25.00 | NEUTRAL |
| CCI (20) | -49.86 | NEUTRAL |
| Williams %R (14) | -75.00 | NEUTRAL |
| MACD (12,26,9) | -0.05 | SELL |
| ROC (10) | -2.45 | SELL |
| Momentum (10) | -0.57 | SELL |
| EMA (10) | 22.87 | SELL |
| SMA (10) | 22.88 | SELL |
| EMA (20) | 22.90 | SELL |
| SMA (20) | 22.90 | SELL |
| EMA (30) | 22.88 | SELL |
| SMA (30) | 22.93 | SELL |
| EMA (50) | 22.79 | SELL |
| SMA (50) | 22.84 | SELL |
| EMA (100) | 22.33 | BUY |
| SMA (100) | 22.74 | SELL |
| EMA (200) | 20.94 | BUY |
| SMA (200) | 21.09 | 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.