Verdicts genuinely change. Free email alert the moment MASGX'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.
Matthews Emerging Markets Sustainable Future Fund · Matthews International Funds
58 holdings
NON-COMPLIANT 17.50% of portfolio weight is in non-compliant holdings, over the 5% threshold.
58 holdings, 47 matched (85% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
1.42% of this portfolio’s income is non-permissible — weighted across holdings, computed over 75% of portfolio weight (40 of 58 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.
62.5% compliant 0.0% questionable 17.5% non-compliant 13.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| 402340.KS SK SQUARE CO LTD | COMPLIANT | 9.44% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| 005930.KS SAMSUNG ELECTRONICS CO LTD | COMPLIANT | 7.64% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 7.35% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| MU MICRON TECHNOLOGY INC | COMPLIANT | 4.76% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| 2383.TW ELITE MATERIAL COMPANY LTD | COMPLIANT | 4.68% | AAOIFI1.0% Usmani19.2% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.6% MSCI Islamic M-Series— FTSE Shariah18.6% |
| EUGENE TECHNOLOGY CO LTD | UNSCREENED | 4.38% | no in-house ratios for this holding |
| BANDHANBNK.NS BANDHAN BANK LTD | NON_COMPLIANT | 4.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MARICO.NS MARICO LTD | COMPLIANT | 3.00% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 267260.KS HD HYUNDAI ELECTRIC CO LTD | COMPLIANT | 2.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 300750.SZ CONTEMPORARY AMPEREX TECHNOLOGY CO LTD | COMPLIANT | 2.35% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LRCX LAM RESEARCH CORP | COMPLIANT | 2.19% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| LEGN LEGEND BIOTECH CORP | COMPLIANT | 2.14% | AAOIFI8.8% Usmani18.4% Dow Jones Islamic2.9% S&P Shariah2.3% MSCI Islamic18.4% MSCI Islamic M-Series2.3% FTSE Shariah18.4% |
| 2308.TW DELTA ELECTRONICS INC | COMPLIANT | 2.02% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASTOR.IS ASTOR ENERJI AS | COMPLIANT | 1.90% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| PIRAEUS BANK SA (NEW) | UNSCREENED | 1.80% | no in-house ratios for this holding |
| INDUSTOWER.NS INDUS TOWERS LTD | COMPLIANT | 1.60% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| POYA INTERNATIONAL CO LTD | UNSCREENED | 1.48% | no in-house ratios for this holding |
| TLV.RO BANCA TRANSILVANIA SA | NON_COMPLIANT | 1.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADVANCED MICRO-FABRICATION EQUIPMENT INC | UNSCREENED | 1.40% | no in-house ratios for this holding |
| AURAS TECHNOLOGY CO LTD | UNSCREENED | 1.30% | no in-house ratios for this holding |
| PHOENIXLTD.BO PHOENIX MILLS LTD (THE) | COMPLIANT | 1.24% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BABA ALIBABA GROUP HOLDING LTD | COMPLIANT | 1.18% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| OTP.BD OTP BANK NYRT | NON_COMPLIANT | 1.13% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SWIGGY.NS SWIGGY LTD | COMPLIANT | 1.09% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | NON_COMPLIANT | 1.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NTPCGREEN.NS NTPC GREEN ENERGY LTD | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SABESP - COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO SA | UNSCREENED | 1.00% | no in-house ratios for this holding |
| 006400.KS SAMSUNG SDI COMPANY LTD | COMPLIANT | 1.00% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6618.HK JD HEALTH INTERNATIONAL INC | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| M&M.NS MAHINDRA & MAHINDRA LTD | NON_COMPLIANT | 0.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GGAL GRUPO FINANCIERO GALICIA SA | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| M31 TECHNOLOGY CORP | UNSCREENED | 0.89% | no in-house ratios for this holding |
| SHRIRAMFIN.BO SHRIRAM FINANCE LTD | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2269.HK WUXI BIOLOGICS (CAYMAN) INC | COMPLIANT | 0.85% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| AKBNK.IS AKBANK TAS | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INPST.AS INPOST SA | NON_COMPLIANT | 0.80% | AAOIFI31.0% Usmani81.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic59.4% MSCI Islamic M-Seriesfail FTSE Shariah59.4% |
| HDFCAMC.NS HDFC ASSET MANAGEMENT COMPANY LTD | COMPLIANT | 0.77% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1111.SR SAUDI TADAWUL GROUP HOLDING COMPANY | NON_COMPLIANT | 0.75% | AAOIFI3.7% Usmani8.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic6.8% MSCI Islamic M-Seriesfail FTSE Shariah6.8% |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 0.71% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| 600406.SS NARI Technology Co Ltd | COMPLIANT | 0.69% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 6415.TW SILERGY CORP | COMPLIANT | 0.68% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| INOXWIND.NS INOX WIND LTD | COMPLIANT | 0.65% | AAOIFI12.7% Usmani13.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic13.2% MSCI Islamic M-Seriespass FTSE Shariah13.2% |
| 6533.TW ANDES TECHNOLOGY CORP | COMPLIANT | 0.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 3690.HK MEITUAN LLC | NON_COMPLIANT | 0.59% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| YDUQS PARTECIPACOES SA | UNSCREENED | 0.56% | no in-house ratios for this holding |
| 006400.KS SAMSUNG SDI COMPANY LTD | COMPLIANT | 0.53% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LENSKART.NS LENSKART SOLUTIONS LTD | COMPLIANT | 0.48% | AAOIFI2.8% Usmani41.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic21.5% MSCI Islamic M-Seriespass FTSE Shariah21.5% |
| UNOMINDA.BO UNO MINDA LTD | COMPLIANT | 0.43% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| YMM FULL TRUCK ALLIANCE CO LTD | NON_COMPLIANT | 0.37% | AAOIFI0.3% Usmani0.1% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.1% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 601865.SS FLAT GLASS GROUP CO LTD | NON_COMPLIANT | 0.35% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BRAC BANK PLC | UNSCREENED | 0.31% | no in-house ratios for this holding |
| BANK RAKYAT INDONESIA (PERSERO) TBK | UNSCREENED | 0.31% | no in-house ratios for this holding |
| 1211.HK BYD COMPANY LTD | COMPLIANT | 0.29% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TSM TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | COMPLIANT | 0.27% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| NAM LONG INVESTMENT CORP | UNSCREENED | 0.27% | no in-house ratios for this holding |
| 0388.HK HONG KONG EXCHANGES AND CLEARING LTD | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2192.HK MEDLIVE TECHNOLOGY CO LTD | NON_COMPLIANT | 0.24% | AAOIFI0.2% Usmani0.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.2% MSCI Islamic M-Seriesfail FTSE Shariah0.2% |
| HIK.L HIKMA PHARMACEUTICALS PLC | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
The published standards disagree about this fund by 37 points of portfolio weight — 61.3% of it passes AAOIFI, 24.3% 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 61.3% ratios fail on 18.7% 13.7% not rated under AAOIFI
ratios pass on 45.6% ratios fail on 33.2% 14.9% not rated under Usmani
ratios pass on 52.2% ratios fail on 19.8% 21.7% not rated under Dow Jones Islamic
ratios pass on 53.1% ratios fail on 18.9% 21.7% not rated under S&P Shariah
ratios pass on 24.3% ratios fail on 54.5% 14.9% not rated under MSCI Islamic
ratios pass on 52.5% ratios fail on 19.5% 21.7% not rated under MSCI Islamic M-Series
ratios pass on 37.5% ratios fail on 41.3% 14.9% not rated under FTSE Shariah
45 of 58 listed holdings carry our own per-methodology verdicts (80% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 15 (44% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BANDHANBNK.NS BANDHAN BANK LTD | 4.06% |
| TLV.RO BANCA TRANSILVANIA SA | 1.45% |
| OTP.BD OTP BANK NYRT | 1.13% |
| B3SA3.SA B3 - BRASIL BOLSA BALCAO SA | 1.07% |
| NTPCGREEN.NS NTPC GREEN ENERGY LTD | 1.04% |
| 6618.HK JD HEALTH INTERNATIONAL INC | 0.93% |
| M&M.NS MAHINDRA & MAHINDRA LTD | 0.92% |
| GGAL GRUPO FINANCIERO GALICIA SA | 0.90% |
| SHRIRAMFIN.BO SHRIRAM FINANCE LTD | 0.88% |
| AKBNK.IS AKBANK TAS | 0.83% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Matthews Emerging Markets Sustainable Future Fund (MASGX) 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 |
|---|---|---|
| 402340.KSSK SQUARE CO LTD | 9.44% | Compliant |
| 005930.KSSAMSUNG ELECTRONICS CO LTD | 7.64% | Compliant |
| TSMTAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD | 7.35% | Compliant |
| MUMICRON TECHNOLOGY INC | 4.76% | Compliant |
| 2383.TWELITE MATERIAL COMPANY LTD | 4.68% | Compliant |
| EUGENE TECHNOLOGY CO LTDnot matched to a ticker | 4.38% | Not screened |
| BANDHANBNK.NSBANDHAN BANK LTD | 4.06% | Non-compliant |
| MARICO.NSMARICO LTD | 3.00% | Compliant |
| 267260.KSHD HYUNDAI ELECTRIC CO LTD | 2.63% | Compliant |
| 300750.SZCONTEMPORARY AMPEREX TECHNOLOGY CO LTD | 2.35% | Compliant |
Top 10 of 58 holdings, 50.3% 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 MASGX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 33.40 | NEUTRAL |
| Stochastic %K (14) | 5.85 | BUY |
| CCI (20) | -178.20 | BUY |
| Williams %R (14) | -94.15 | BUY |
| MACD (12,26,9) | -0.17 | SELL |
| ROC (10) | -9.02 | SELL |
| Momentum (10) | -1.77 | SELL |
| EMA (10) | 18.46 | SELL |
| SMA (10) | 18.66 | SELL |
| EMA (20) | 18.73 | SELL |
| SMA (20) | 18.95 | SELL |
| EMA (30) | 18.84 | SELL |
| SMA (30) | 18.94 | SELL |
| EMA (50) | 18.91 | SELL |
| SMA (50) | 19.03 | SELL |
| EMA (100) | 18.70 | SELL |
| SMA (100) | 19.18 | SELL |
| EMA (200) | 17.49 | BUY |
| SMA (200) | 17.82 | 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.