Verdicts genuinely change. Free email alert the moment MERDX'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.
Meridian Growth Fund · Meridian Fund Inc
91 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 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 19.38% of portfolio weight is in non-compliant holdings, over the 5% threshold.
91 holdings, 74 matched (82% of weight). Portfolio as of 2026-06-30, filed 2026-08-31. Source: SEC Form N-PORT.
1.04% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (66 of 91 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.
62.8% compliant 0.0% questionable 19.0% non-compliant 18.3% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| STIT GOVT AND AGENCY INST | UNSCREENED | 4.17% | no in-house ratios for this holding |
| RBA RB GLOBAL INC | COMPLIANT | 2.49% | AAOIFI20.8% Usmani35.7% Dow Jones Islamic24.1% S&P Shariah26.9% MSCI Islamic35.7% MSCI Islamic M-Series26.9% FTSE Shariah23.1% |
| CW CURTISS-WRIGHT CORP | NON_COMPLIANT | 2.46% | AAOIFI5.7% Usmani21.1% Dow Jones Islamic5.9% S&P Shariah7.1% MSCI Islamic21.1% MSCI Islamic M-Series7.1% FTSE Shariah17.5% |
| AXGN AXOGEN INC | COMPLIANT | 2.43% | AAOIFI0.8% Usmani6.6% Dow Jones Islamic1.7% S&P Shariah2.2% MSCI Islamic6.6% MSCI Islamic M-Series2.2% FTSE Shariah0.0% |
| FSS FEDERAL SIGNAL CORP | COMPLIANT | 2.36% | AAOIFI6.7% Usmani19.9% Dow Jones Islamic7.6% S&P Shariah8.3% MSCI Islamic19.9% MSCI Islamic M-Series8.3% FTSE Shariah18.6% |
| HNGE HINGE HEALTH INC | COMPLIANT | 2.29% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.7% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| DEFINIUM THERAPEUTICS INC | UNSCREENED | 2.20% | no in-house ratios for this holding |
| VCYT VERACYTE INC | COMPLIANT | 2.14% | AAOIFI1.1% Usmani2.7% Dow Jones Islamic1.4% S&P Shariah1.6% MSCI Islamic2.7% MSCI Islamic M-Series1.6% FTSE Shariah0.0% |
| SARO STANDARDAERO INC | COMPLIANT | 2.09% | AAOIFI31.7% Usmani37.7% Dow Jones Islamic27.6% S&P Shariahpass MSCI Islamic37.4% MSCI Islamic M-Seriespass FTSE Shariah33.9% |
| TPB TURNING POINT BRANDS INC | COMPLIANT | 2.08% | AAOIFI19.7% Usmani34.4% Dow Jones Islamic20.0% S&P Shariah25.7% MSCI Islamic34.4% MSCI Islamic M-Series25.7% FTSE Shariah34.4% |
| GNRC GENERAC HOLDINGS INC | COMPLIANT | 2.03% | AAOIFI10.8% Usmani21.2% Dow Jones Islamic11.6% S&P Shariah12.8% MSCI Islamic21.0% MSCI Islamic M-Series12.8% FTSE Shariah21.0% |
| SPXC SPX TECHNOLOGIES INC | COMPLIANT | 2.02% | AAOIFI6.2% Usmani15.6% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic15.6% MSCI Islamic M-Series8.0% FTSE Shariah15.6% |
| CHDN CHURCHILL DOWNS INC | NON_COMPLIANT | 2.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GFS GLOBALFOUNDRIES INC | COMPLIANT | 1.99% | AAOIFI4.6% Usmani6.7% Dow Jones Islamic4.7% S&P Shariah4.4% MSCI Islamic6.7% MSCI Islamic M-Series4.4% FTSE Shariah6.7% |
| AIT APPLIED INDUSTRIAL TECHNOLOGIES INC | COMPLIANT | 1.90% | AAOIFI4.2% Usmani16.7% Dow Jones Islamic5.0% S&P Shariah5.6% MSCI Islamic16.7% MSCI Islamic M-Series5.6% FTSE Shariah9.3% |
| ST SENSATA TECHNOLOGIES HOLDING PLC | NON_COMPLIANT | 1.83% | AAOIFI38.7% Usmani37.1% Dow Jones Islamic49.3% S&P Shariah48.0% MSCI Islamic36.8% MSCI Islamic M-Series48.0% FTSE Shariah36.8% |
| KEX KIRBY CORP | COMPLIANT | 1.80% | AAOIFI16.8% Usmani19.6% Dow Jones Islamic18.8% S&P Shariah19.7% MSCI Islamic19.6% MSCI Islamic M-Series19.7% FTSE Shariah16.6% |
| ON ON SEMICONDUCTOR CORP | COMPLIANT | 1.65% | AAOIFI16.9% Usmani34.9% Dow Jones Islamic18.0% S&P Shariah16.5% MSCI Islamic34.7% MSCI Islamic M-Series16.5% FTSE Shariah33.1% |
| DT DYNATRACE INC | COMPLIANT | 1.62% | AAOIFI1.1% Usmani3.9% Dow Jones Islamic1.1% S&P Shariah1.1% MSCI Islamic3.9% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| TRMB TRIMBLE INC | COMPLIANT | 1.57% | AAOIFI10.6% Usmani17.1% Dow Jones Islamic8.8% S&P Shariah9.4% MSCI Islamic17.1% MSCI Islamic M-Series9.4% FTSE Shariah17.1% |
| RELY REMITLY GLOBAL INC | COMPLIANT | 1.52% | AAOIFI0.7% Usmani2.4% Dow Jones Islamic1.0% S&P Shariah1.0% MSCI Islamic2.4% MSCI Islamic M-Series1.0% FTSE Shariah0.2% |
| Apartment List Inc. Series D Preferred Stock | UNSCREENED | 1.42% | no in-house ratios for this holding |
| Evolve Vacation Rental Network Inc Series 9 Preferred Stock | UNSCREENED | 1.42% | no in-house ratios for this holding |
| CRDO CREDO TECHNOLOGY GROUP HOLDING LTD | COMPLIANT | 1.39% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ENTG ENTEGRIS INC | COMPLIANT | 1.36% | AAOIFI16.5% Usmani42.3% Dow Jones Islamic22.1% S&P Shariah21.4% MSCI Islamic42.1% MSCI Islamic M-Series21.4% FTSE Shariah41.1% |
| TNDM TANDEM DIABETES CARE INC | NON_COMPLIANT | 1.34% | AAOIFI53.4% Usmani64.0% Dow Jones Islamic49.0% S&P Shariah43.9% MSCI Islamic64.0% MSCI Islamic M-Series43.9% FTSE Shariah52.2% |
| VNOM VIPER ENERGY INC | COMPLIANT | 1.33% | AAOIFI7.1% Usmani13.9% Dow Jones Islamic11.5% S&P Shariah12.6% MSCI Islamic13.9% MSCI Islamic M-Series12.6% FTSE Shariah13.9% |
| JBTM JBT MAREL CORP | COMPLIANT | 1.33% | AAOIFI27.9% Usmani21.0% Dow Jones Islamic27.3% S&P Shariah32.7% MSCI Islamic21.0% MSCI Islamic M-Series32.7% FTSE Shariah21.0% |
| GOLDMAN SACHS TRUST | UNSCREENED | 1.32% | no in-house ratios for this holding |
| MDGL MADRIGAL PHARMACEUTICALS INC | COMPLIANT | 1.30% | AAOIFI2.8% Usmani27.9% Dow Jones Islamic3.8% S&P Shariah4.6% MSCI Islamic27.9% MSCI Islamic M-Series4.6% FTSE Shariah27.4% |
| LSCC LATTICE SEMICONDUCTOR CORP | COMPLIANT | 1.28% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| STE STERIS PLC | COMPLIANT | 1.23% | AAOIFI9.4% Usmani19.1% Dow Jones Islamic9.1% S&P Shariah9.3% MSCI Islamic19.1% MSCI Islamic M-Series9.3% FTSE Shariah17.6% |
| AAON AAON INC | COMPLIANT | 1.22% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GMED GLOBUS MEDICAL INC | COMPLIANT | 1.21% | AAOIFI1.1% Usmani2.0% Dow Jones Islamic1.1% S&P Shariah1.2% MSCI Islamic2.0% MSCI Islamic M-Series1.2% FTSE Shariah0.0% |
| PRAXIS PRECISION MEDICINES INC | UNSCREENED | 1.18% | no in-house ratios for this holding |
| AADX APPLIED AEROSPACE & DEFENSE INC | COMPLIANT | 1.14% | AAOIFI18.7% Usmani28.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic26.7% MSCI Islamic M-Seriespass FTSE Shariah26.7% |
| BE BLOOM ENERGY CORP | COMPLIANT | 1.10% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| DKNG DRAFTKINGS INC | NON_COMPLIANT | 1.10% | AAOIFI11.2% Usmani31.4% Dow Jones Islamic7.9% S&P Shariah7.7% MSCI Islamic31.4% MSCI Islamic M-Series7.7% FTSE Shariah29.5% |
| STRL STERLING INFRASTRUCTURE INC | COMPLIANT | 1.07% | AAOIFI2.2% Usmani10.6% Dow Jones Islamic3.3% S&P Shariah4.3% MSCI Islamic10.5% MSCI Islamic M-Series4.3% FTSE Shariah8.9% |
| Skyryse, Inc. Series B Preferred Stock | UNSCREENED | 1.06% | no in-house ratios for this holding |
| RXO RXO INC | COMPLIANT | 1.05% | AAOIFI21.9% Usmani21.0% Dow Jones Islamic23.4% S&P Shariah24.9% MSCI Islamic21.0% MSCI Islamic M-Series24.9% FTSE Shariah14.3% |
| WISDOMTREE INC | UNSCREENED | 1.05% | no in-house ratios for this holding |
| CARG CARGURUS INC | COMPLIANT | 1.04% | AAOIFI6.3% Usmani33.4% Dow Jones Islamic6.1% S&P Shariah6.9% MSCI Islamic33.4% MSCI Islamic M-Series6.9% FTSE Shariah0.0% |
| FIGR FIGURE TECHNOLOGY SOLUTIONS INC | NON_COMPLIANT | 1.03% | AAOIFI3.7% Usmani10.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic10.6% MSCI Islamic M-Seriesfail FTSE Shariah10.5% |
| HALO HALOZYME THERAPEUTICS INC | COMPLIANT | 1.01% | AAOIFI17.2% Usmani83.3% Dow Jones Islamic27.4% S&P Shariah30.4% MSCI Islamic83.3% MSCI Islamic M-Series30.4% FTSE Shariah83.3% |
| ALKT ALKAMI TECHNOLOGY INC | COMPLIANT | 1.01% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamic— MSCI Islamic M-Seriespass FTSE Shariah— |
| LGN LEGENCE CORP | COMPLIANT | 1.00% | AAOIFI19.4% Usmani32.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic32.0% MSCI Islamic M-Seriespass FTSE Shariah27.7% |
| CIMPRESS PLC | UNSCREENED | 1.00% | no in-house ratios for this holding |
| WAY WAYSTAR HOLDING CORP | NON_COMPLIANT | 0.99% | AAOIFI36.9% Usmani25.2% Dow Jones Islamic26.1% S&P Shariah— MSCI Islamic25.2% MSCI Islamic M-Series— FTSE Shariah25.0% |
| SGI SOMNIGROUP INTERNATIONAL INC | NON_COMPLIANT | 0.99% | AAOIFI39.9% Usmani55.2% Dow Jones Islamic45.0% S&P Shariah52.4% MSCI Islamic55.2% MSCI Islamic M-Series52.4% FTSE Shariah38.0% |
| RMBS RAMBUS INC | COMPLIANT | 0.98% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LFST LIFESTANCE HEALTH GROUP INC | COMPLIANT | 0.94% | AAOIFI9.7% Usmani21.7% Dow Jones Islamic17.3% S&P Shariah18.0% MSCI Islamic21.7% MSCI Islamic M-Series18.0% FTSE Shariah12.5% |
| LSTR LANDSTAR SYSTEM INC | COMPLIANT | 0.90% | AAOIFI0.0% Usmani4.4% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| COO COOPER COMPANIES INC (THE) | COMPLIANT | 0.89% | AAOIFI23.0% Usmani20.1% Dow Jones Islamic16.7% S&P Shariah15.5% MSCI Islamic20.1% MSCI Islamic M-Series15.5% FTSE Shariah20.1% |
| STVN STEVANATO GROUP SPA | COMPLIANT | 0.86% | AAOIFI8.2% Usmani17.9% Dow Jones Islamic8.6% S&P Shariah8.0% MSCI Islamic17.9% MSCI Islamic M-Series8.0% FTSE Shariah17.9% |
| TKR TIMKEN COMPANY (THE) | COMPLIANT | 0.80% | AAOIFI25.5% Usmani31.9% Dow Jones Islamic35.3% S&P Shariah36.7% MSCI Islamic31.9% MSCI Islamic M-Series36.7% FTSE Shariah30.0% |
| Quail Investment Holdings LLC | UNSCREENED | 0.77% | no in-house ratios for this holding |
| OMCL OMNICELL INC | COMPLIANT | 0.76% | AAOIFI12.8% Usmani10.0% Dow Jones Islamic11.5% S&P Shariah11.9% MSCI Islamic10.0% MSCI Islamic M-Series11.9% FTSE Shariah8.4% |
| AUR AURORA INNOVATION INC | COMPLIANT | 0.76% | AAOIFI0.6% Usmani3.8% Dow Jones Islamic2.2% S&P Shariah2.6% MSCI Islamic3.8% MSCI Islamic M-Series2.6% FTSE Shariah0.0% |
| DECK DECKERS OUTDOOR CORP | COMPLIANT | 0.73% | AAOIFI4.2% Usmani12.2% Dow Jones Islamic2.6% S&P Shariah2.5% MSCI Islamic12.2% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| USLM UNITED STATES LIME & MINERALS INC | COMPLIANT | 0.69% | AAOIFI0.1% Usmani0.4% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.4% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| CELLEBRITE DI LTD | UNSCREENED | 0.64% | no in-house ratios for this holding |
| CHWY CHEWY INC | COMPLIANT | 0.63% | AAOIFI13.8% Usmani31.0% Dow Jones Islamic8.9% S&P Shariah10.1% MSCI Islamic31.0% MSCI Islamic M-Series10.1% FTSE Shariah15.8% |
| FAF FIRST AMERICAN FINANCIAL CORP | NON_COMPLIANT | 0.63% | AAOIFI15.3% Usmani6.0% Dow Jones Islamic17.7% S&P Shariah18.6% MSCI Islamic6.0% MSCI Islamic M-Series18.6% FTSE Shariah6.0% |
| KVYO KLAVIYO INC | COMPLIANT | 0.62% | AAOIFI2.2% Usmani8.2% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic8.2% MSCI Islamic M-Series1.3% FTSE Shariah0.0% |
| VIA VIA TRANSPORTATION INC | COMPLIANT | 0.60% | AAOIFI1.0% Usmani2.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic2.5% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| AWI ARMSTRONG WORLD INDUSTRIES INC | COMPLIANT | 0.58% | AAOIFI7.5% Usmani28.9% Dow Jones Islamic7.7% S&P Shariah8.7% MSCI Islamic27.1% MSCI Islamic M-Series8.7% FTSE Shariah24.5% |
| LMRI LUMEXA IMAGING HOLDINGS INC | NON_COMPLIANT | 0.57% | AAOIFI78.5% Usmani53.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic50.8% MSCI Islamic M-Series— FTSE Shariah46.1% |
| AGIO AGIOS PHARMACEUTICALS INC | NON_COMPLIANT | 0.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ARXS ARXIS INC | NON_COMPLIANT | 0.56% | AAOIFI8.3% Usmani25.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic25.5% MSCI Islamic M-Seriespass FTSE Shariah24.5% |
| PRVA PRIVIA HEALTH GROUP INC | NON_COMPLIANT | 0.55% | AAOIFI0.3% Usmani0.6% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.6% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| NP NEPTUNE INSURANCE HOLDINGS INC | NON_COMPLIANT | 0.54% | AAOIFI0.0% Usmani0.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic0.0% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| CERT CERTARA INC | NON_COMPLIANT | 0.54% | AAOIFI21.1% Usmani21.6% Dow Jones Islamic19.6% S&P Shariah16.3% MSCI Islamic21.6% MSCI Islamic M-Series16.3% FTSE Shariah20.8% |
| TTAN SERVICETITAN INC | COMPLIANT | 0.53% | AAOIFI2.7% Usmani8.5% Dow Jones Islamic1.7% S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah5.8% |
| YSS YORK SPACE SYSTEMS INC | NON_COMPLIANT | 0.52% | AAOIFI8.8% Usmani8.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic8.6% MSCI Islamic M-Series— FTSE Shariah7.1% |
| CAVA GROUP INC | UNSCREENED | 0.51% | no in-house ratios for this holding |
| EEFT EURONET WORLDWIDE INC | NON_COMPLIANT | 0.49% | AAOIFI101.6% Usmani43.2% Dow Jones Islamic75.9% S&P Shariah70.3% MSCI Islamic43.2% MSCI Islamic M-Series70.3% FTSE Shariah40.9% |
| WULF TERAWULF INC | NON_COMPLIANT | 0.49% | AAOIFI35.4% Usmani38.9% Dow Jones Islamic65.9% S&P Shariah91.8% MSCI Islamic38.9% MSCI Islamic M-Series91.8% FTSE Shariah38.6% |
| Dataminr Inc. Series F Preferred Stock | UNSCREENED | 0.49% | no in-house ratios for this holding |
| ANDERSEN GROUP INC | UNSCREENED | 0.48% | no in-house ratios for this holding |
| ARX ACCELERANT HOLDINGS | NON_COMPLIANT | 0.47% | AAOIFI2.8% Usmani1.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.3% MSCI Islamic M-Seriesfail FTSE Shariah1.3% |
| USAR USA RARE EARTH INC | NON_COMPLIANT | 0.46% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic0.1% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| FND FLOOR & DECOR HOLDINGS INC | NON_COMPLIANT | 0.45% | AAOIFI37.6% Usmani35.2% Dow Jones Islamic24.5% S&P Shariah21.9% MSCI Islamic35.2% MSCI Islamic M-Series21.9% FTSE Shariah3.4% |
| MSA MSA SAFETY INC | COMPLIANT | 0.45% | AAOIFI8.8% Usmani24.7% Dow Jones Islamic9.9% S&P Shariah9.8% MSCI Islamic24.7% MSCI Islamic M-Series9.8% FTSE Shariah23.1% |
| FOXF FOX FACTORY HOLDING CORP | NON_COMPLIANT | 0.43% | AAOIFI59.3% Usmani31.6% Dow Jones Islamic51.1% S&P Shariah34.0% MSCI Islamic31.6% MSCI Islamic M-Series34.0% FTSE Shariah30.8% |
| LEGN LEGEND BIOTECH CORP | COMPLIANT | 0.43% | AAOIFI8.8% Usmani18.4% Dow Jones Islamic2.9% S&P Shariah2.3% MSCI Islamic18.4% MSCI Islamic M-Series2.3% FTSE Shariah18.4% |
| CRESCENT ENERGY COMPANY | UNSCREENED | 0.39% | no in-house ratios for this holding |
| DYNE THERAPEUTICS INC | UNSCREENED | 0.38% | no in-house ratios for this holding |
| APLD APPLIED DIGITAL CORP | NON_COMPLIANT | 0.32% | AAOIFI1.0% Usmani0.9% Dow Jones Islamic1.1% S&P Shariah1.5% MSCI Islamic0.5% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| Skyryse, Inc. Series C Preferred Stock | UNSCREENED | 0.18% | no in-house ratios for this holding |
| TMDX TRANSMEDICS GROUP INC | NON_COMPLIANT | 0.02% | AAOIFI0.8% Usmani25.5% Dow Jones Islamic0.7% S&P Shariah0.8% MSCI Islamic1.8% MSCI Islamic M-Series0.8% FTSE Shariah1.4% |
The published standards disagree about this fund by 25 points of portfolio weight — 59.0% of it passes AAOIFI, 34.1% 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 59.0% ratios fail on 18.1% 25.1% not rated under AAOIFI
ratios pass on 42.5% ratios fail on 35.7% 24.0% not rated under Usmani
ratios pass on 55.4% ratios fail on 15.3% 31.6% not rated under Dow Jones Islamic
ratios pass on 55.4% ratios fail on 15.3% 31.6% not rated under S&P Shariah
ratios pass on 34.1% ratios fail on 40.2% 27.9% not rated under MSCI Islamic
ratios pass on 55.4% ratios fail on 15.3% 31.6% not rated under MSCI Islamic M-Series
ratios pass on 43.7% ratios fail on 30.6% 27.9% not rated under FTSE Shariah
74 of 91 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, 66 (74% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| CW CURTISS-WRIGHT CORP | 2.46% |
| CHDN CHURCHILL DOWNS INC | 2.01% |
| ST SENSATA TECHNOLOGIES HOLDING PLC | 1.83% |
| TNDM TANDEM DIABETES CARE INC | 1.34% |
| DKNG DRAFTKINGS INC | 1.10% |
| FIGR FIGURE TECHNOLOGY SOLUTIONS INC | 1.03% |
| WAY WAYSTAR HOLDING CORP | 0.99% |
| SGI SOMNIGROUP INTERNATIONAL INC | 0.99% |
| FAF FIRST AMERICAN FINANCIAL CORP | 0.63% |
| LMRI LUMEXA IMAGING HOLDINGS INC | 0.57% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Meridian Growth Fund (MERDX) 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 |
|---|---|---|
| STIT GOVT AND AGENCY INSTnot matched to a ticker | 4.17% | Not screened |
| RBARB GLOBAL INC | 2.49% | Compliant |
| CWCURTISS-WRIGHT CORP | 2.46% | Non-compliant |
| AXGNAXOGEN INC | 2.43% | Compliant |
| FSSFEDERAL SIGNAL CORP | 2.36% | Compliant |
| HNGEHINGE HEALTH INC | 2.29% | Compliant |
| DEFINIUM THERAPEUTICS INCnot matched to a ticker | 2.20% | Not screened |
| VCYTVERACYTE INC | 2.14% | Compliant |
| SAROSTANDARDAERO INC | 2.09% | Compliant |
| TPBTURNING POINT BRANDS INC | 2.08% | Compliant |
Top 10 of 91 holdings, 24.7% 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 MERDX. 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) | 37.40 | NEUTRAL |
| Stochastic %K (14) | 14.75 | BUY |
| CCI (20) | -164.02 | BUY |
| Williams %R (14) | -85.25 | BUY |
| MACD (12,26,9) | -0.06 | SELL |
| ROC (10) | -4.84 | SELL |
| Momentum (10) | -1.49 | SELL |
| EMA (10) | 29.78 | SELL |
| SMA (10) | 29.94 | SELL |
| EMA (20) | 30.12 | SELL |
| SMA (20) | 30.16 | SELL |
| EMA (30) | 30.42 | SELL |
| SMA (30) | 30.29 | SELL |
| EMA (50) | 30.89 | SELL |
| SMA (50) | 31.23 | SELL |
| EMA (100) | 31.38 | SELL |
| SMA (100) | 32.07 | SELL |
| EMA (200) | 31.30 | SELL |
| SMA (200) | 31.50 | SELL |
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.