MSSGXETF / FundInception Portfolio
Verdicts genuinely change. Free email alert the moment MSSGX'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.
Inception Portfolio · MORGAN STANLEY INSTITUTIONAL FUND INC
67 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 104% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 55.19% of portfolio weight is in non-compliant holdings, over the 5% threshold.
67 holdings, 41 matched (73% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
10.26% of this portfolio’s income is non-permissible — weighted across holdings, computed over 67% of portfolio weight (35 of 67 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.
18.9% compliant 0.5% questionable 53.2% non-compliant 27.3% unscreened
All holdings (67)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| agilon health Inc | UNSCREENED | 9.10% | no in-house ratios for this holding |
| NET Cloudflare Inc | NON_COMPLIANT | 8.95% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| OPEN Opendoor Technologies Inc | NON_COMPLIANT | 7.38% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| AUR Aurora Innovation Inc | COMPLIANT | 6.57% | AAOIFI0.6% Usmani3.8% Dow Jones Islamic2.2% S&P Shariah2.6% MSCI Islamic3.8% MSCI Islamic M-Series2.6% FTSE Shariah0.0% |
| IONQ IonQ Inc | NON_COMPLIANT | 5.88% | AAOIFI0.3% Usmani0.8% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic0.8% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| XFOR X4 Pharmaceuticals Inc | NON_COMPLIANT | 3.82% | AAOIFI20.0% Usmani29.8% Dow Jones Islamic10.3% S&P Shariah5.3% MSCI Islamic29.8% MSCI Islamic M-Series5.3% FTSE Shariah29.6% |
| HQY HealthEquity Inc | COMPLIANT | 3.61% | AAOIFI12.2% Usmani29.7% Dow Jones Islamic12.2% S&P Shariah13.0% MSCI Islamic29.7% MSCI Islamic M-Series13.0% FTSE Shariah28.5% |
| CELH Celsius Holdings Inc | NON_COMPLIANT | 3.53% | AAOIFI9.0% Usmani13.1% Dow Jones Islamic7.0% S&P Shariah6.0% MSCI Islamic13.1% MSCI Islamic M-Series6.0% FTSE Shariah13.1% |
| Immunovant Inc | UNSCREENED | 3.44% | no in-house ratios for this holding |
| GRAL GRAIL Inc | NON_COMPLIANT | 3.19% | AAOIFI2.5% Usmani3.2% Dow Jones Islamic4.7% S&P Shariahfail MSCI Islamic3.2% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| QXO QXO Inc | NON_COMPLIANT | 2.82% | AAOIFI49.4% Usmani31.0% Dow Jones Islamic64.2% S&P Shariah94.5% MSCI Islamic30.2% MSCI Islamic M-Series94.5% FTSE Shariah26.6% |
| MS Morgan Stanley & Co. LLC | NON_COMPLIANT | 2.77% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| ABUS Arbutus Biopharma Corp | NON_COMPLIANT | 2.77% | AAOIFI0.1% Usmani0.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| XOMA Royalty Corp | UNSCREENED | 2.60% | no in-house ratios for this holding |
| CHWY Chewy Inc | COMPLIANT | 2.59% | AAOIFI13.8% Usmani31.0% Dow Jones Islamic8.9% S&P Shariah10.1% MSCI Islamic31.0% MSCI Islamic M-Series10.1% FTSE Shariah15.8% |
| INFQ Infleqtion Inc | COMPLIANT | 2.52% | AAOIFI0.6% Usmani2.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic2.3% MSCI Islamic M-Series— FTSE Shariah0.0% |
| ODD Oddity Tech Ltd | NON_COMPLIANT | 2.44% | AAOIFI3.7% Usmani2.1% Dow Jones Islamic1.3% S&P Shariah1.3% MSCI Islamic2.1% MSCI Islamic M-Series1.3% FTSE Shariah0.0% |
| Fannie Mae | UNSCREENED | 2.02% | no in-house ratios for this holding |
| iShares Bitcoin Trust ETF | UNSCREENED | 2.00% | no in-house ratios for this holding |
| BMNR BitMine Immersion Technologies Inc | COMPLIANT | 1.81% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic— S&P Shariah— MSCI Islamic0.0% MSCI Islamic M-Series— FTSE Shariah0.0% |
| Roivant Sciences Ltd | UNSCREENED | 1.76% | no in-house ratios for this holding |
| ATAI AtaiBeckley Inc | NON_COMPLIANT | 1.48% | AAOIFI0.9% Usmani9.4% Dow Jones Islamic2.0% S&P Shariah2.5% MSCI Islamic9.4% MSCI Islamic M-Series2.5% FTSE Shariah8.7% |
| ONT.L Oxford Nanopore Technologies PLC | NON_COMPLIANT | 1.36% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MS Morgan Stanley & Co. LLC | NON_COMPLIANT | 1.23% | AAOIFI115.6% Usmani23.4% Dow Jones Islamic161.6% S&P Shariah189.1% MSCI Islamic23.4% MSCI Islamic M-Series189.1% FTSE Shariah23.4% |
| LB Landbridge Co LLC | COMPLIANT | 1.23% | AAOIFI8.0% Usmani38.9% Dow Jones Islamic10.9% S&P Shariahpass MSCI Islamic38.9% MSCI Islamic M-Seriespass FTSE Shariah38.9% |
| BRCB Black Rock Coffee Bar Inc | NON_COMPLIANT | 1.13% | AAOIFI39.8% Usmani48.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.7% MSCI Islamic M-Seriesfail FTSE Shariah7.8% |
| DOCS Doximity Inc | NON_COMPLIANT | 1.12% | AAOIFI0.2% Usmani0.9% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.9% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| uniQure NV | UNSCREENED | 0.96% | no in-house ratios for this holding |
| Joby Aviation Inc | UNSCREENED | 0.95% | no in-house ratios for this holding |
| Strive Inc | UNSCREENED | 0.95% | no in-house ratios for this holding |
| Included Health, Inc. | UNSCREENED | 0.94% | no in-house ratios for this holding |
| LOOKOUT INC SER F CVT PFD PP | UNSCREENED | 0.80% | no in-house ratios for this holding |
| VIA Via Transportation Inc | COMPLIANT | 0.79% | AAOIFI1.0% Usmani2.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic2.5% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| CAKE Cheesecake Factory Inc/The | NON_COMPLIANT | 0.62% | AAOIFI40.3% Usmani65.3% Dow Jones Islamic74.8% S&P Shariah86.9% MSCI Islamic65.3% MSCI Islamic M-Series86.9% FTSE Shariah19.2% |
| WBI WaterBridge Infrastructure LLC | NON_COMPLIANT | 0.61% | AAOIFI39.9% Usmani41.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic41.2% MSCI Islamic M-Seriesfail FTSE Shariah41.0% |
| FND Floor & Decor Holdings Inc | NON_COMPLIANT | 0.61% | AAOIFI37.6% Usmani35.2% Dow Jones Islamic24.5% S&P Shariah21.9% MSCI Islamic35.2% MSCI Islamic M-Series21.9% FTSE Shariah3.4% |
| BEAM Beam Therapeutics Inc | NON_COMPLIANT | 0.60% | AAOIFI8.2% Usmani17.8% Dow Jones Islamic10.4% S&P Shariah10.7% MSCI Islamic17.8% MSCI Islamic M-Series10.7% FTSE Shariah7.2% |
| Bright Horizons Family Solutions Inc | UNSCREENED | 0.55% | no in-house ratios for this holding |
| XXI Twenty One Capital Inc | QUESTIONABLE | 0.53% | AAOIFI16.7% Usmani18.2% Dow Jones Islamic5.2% S&P Shariah— MSCI Islamic18.2% MSCI Islamic M-Series— FTSE Shariah18.2% |
| NKTR Nektar Therapeutics | NON_COMPLIANT | 0.53% | AAOIFI3.1% Usmani7.2% Dow Jones Islamic8.2% S&P Shariah11.3% MSCI Islamic7.2% MSCI Islamic M-Series11.3% FTSE Shariah0.0% |
| 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% |
| Calumet Inc | UNSCREENED | 0.49% | no in-house ratios for this holding |
| TXG 10X Genomics Inc | COMPLIANT | 0.49% | AAOIFI1.0% Usmani7.6% Dow Jones Islamic3.2% S&P Shariah2.5% MSCI Islamic7.6% MSCI Islamic M-Series2.5% FTSE Shariah0.0% |
| Newamsterdam Pharma Co NV | UNSCREENED | 0.48% | no in-house ratios for this holding |
| GEMI Gemini Space Station Inc | NON_COMPLIANT | 0.42% | AAOIFI3.4% Usmani1.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.3% MSCI Islamic M-Seriesfail FTSE Shariah0.0% |
| VCP.L Victoria PLC | NON_COMPLIANT | 0.42% | AAOIFI1443.8% Usmani87.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic73.3% MSCI Islamic M-Series— FTSE Shariah73.3% |
| GPCR Structure Therapeutics Inc | NON_COMPLIANT | 0.31% | AAOIFI0.2% Usmani0.4% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.4% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| Vaxcyte Inc | UNSCREENED | 0.25% | no in-house ratios for this holding |
| ProKidney Corp | UNSCREENED | 0.21% | no in-house ratios for this holding |
| HSBC Securities (USA) Inc. | UNSCREENED | 0.20% | no in-house ratios for this holding |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | UNSCREENED | 0.20% | no in-house ratios for this holding |
| SHAK Shake Shack Inc | NON_COMPLIANT | 0.20% | AAOIFI31.6% Usmani48.8% Dow Jones Islamic22.3% S&P Shariah23.6% MSCI Islamic48.1% MSCI Islamic M-Series23.6% FTSE Shariah12.7% |
| LAB Standard BioTools Inc | NON_COMPLIANT | 0.19% | AAOIFI11.0% Usmani4.5% Dow Jones Islamic5.4% S&P Shariah4.3% MSCI Islamic4.5% MSCI Islamic M-Series4.3% FTSE Shariah0.0% |
| Schrodinger Inc/United States | UNSCREENED | 0.17% | no in-house ratios for this holding |
| Citigroup Global Markets Inc | UNSCREENED | 0.16% | no in-house ratios for this holding |
| MXCT MaxCyte Inc | NON_COMPLIANT | 0.15% | AAOIFI13.2% Usmani9.3% Dow Jones Islamic7.5% S&P Shariah5.7% MSCI Islamic9.3% MSCI Islamic M-Series5.7% FTSE Shariah0.0% |
| RXRX Recursion Pharmaceuticals Inc | NON_COMPLIANT | 0.10% | AAOIFI3.4% Usmani5.5% Dow Jones Islamic7.3% S&P Shariah6.1% MSCI Islamic5.5% MSCI Islamic M-Series6.1% FTSE Shariah1.2% |
| SWAPS BARCLAYS BOC | UNSCREENED | 0.09% | no in-house ratios for this holding |
| SWAP STAND. CHARTER BANK BOCOC | UNSCREENED | 0.02% | no in-house ratios for this holding |
| VXX Barclays Bank PLC | NON_COMPLIANT | 0.01% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| OPEN Opendoor Technologies Inc | NON_COMPLIANT | 0.01% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| OPEN Opendoor Technologies Inc | NON_COMPLIANT | 0.00% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| OPEN Opendoor Technologies Inc | NON_COMPLIANT | 0.00% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| Standard Chartered Bank | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bed Bath & Beyond Inc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Standard Chartered Bank | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SomaLogic Inc | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 5 points of portfolio weight — 23.5% of it passes FTSE Shariah, 18.1% 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 22.4% ratios fail on 49.5% 31.7% not rated under AAOIFI
ratios pass on 22.8% ratios fail on 40.1% 40.8% not rated under Usmani
ratios pass on 21.4% ratios fail on 37.6% 44.7% not rated under Dow Jones Islamic
ratios pass on 21.4% ratios fail on 37.6% 44.7% not rated under S&P Shariah
ratios pass on 18.1% ratios fail on 40.1% 45.4% not rated under MSCI Islamic
ratios pass on 21.4% ratios fail on 45.0% 37.3% not rated under MSCI Islamic M-Series
ratios pass on 23.5% ratios fail on 37.6% 42.6% not rated under FTSE Shariah
37 of 67 listed holdings carry our own per-methodology verdicts (75% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 36 (74% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| NET Cloudflare Inc | 8.95% |
| OPEN Opendoor Technologies Inc | 7.38% |
| IONQ IonQ Inc | 5.88% |
| XFOR X4 Pharmaceuticals Inc | 3.82% |
| CELH Celsius Holdings Inc | 3.53% |
| GRAL GRAIL Inc | 3.19% |
| QXO QXO Inc | 2.82% |
| MS Morgan Stanley & Co. LLC | 2.77% |
| ABUS Arbutus Biopharma Corp | 2.77% |
| ODD Oddity Tech Ltd | 2.44% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Inception Portfolio (MSSGX) 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.
Screened on its holdings, not its name
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 |
|---|---|---|
| agilon health Incnot matched to a ticker | 9.10% | Not screened |
| NETCloudflare Inc | 8.95% | Non-compliant |
| OPENOpendoor Technologies Inc | 7.38% | Non-compliant |
| AURAurora Innovation Inc | 6.57% | Compliant |
| IONQIonQ Inc | 5.88% | Non-compliant |
| XFORX4 Pharmaceuticals Inc | 3.82% | Non-compliant |
| HQYHealthEquity Inc | 3.61% | Compliant |
| CELHCelsius Holdings Inc | 3.53% | Non-compliant |
| Immunovant Incnot matched to a ticker | 3.44% | Not screened |
| GRALGRAIL Inc | 3.19% | Non-compliant |
Top 10 of 67 holdings, 55.5% of the fund by weight. Every holding is screened, not only these.
What holds the number back
The positions keeping this fund short of 100% compliant by weight.
- agilon health Incnot screened9.10%
- NETnon-compliant8.95%
- OPENnon-compliant7.38%
- IONQnon-compliant5.88%
- XFORnon-compliant3.82%
- CELHnon-compliant3.53%
What changed, and when
Verdict history for MSSGX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
- 2026-09-07 No change recorded No verdict change for MSSGX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 5 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.
Price Forecast
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.
Technical Summary
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.
Every indicator, and what it reads
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 40.80 | NEUTRAL |
| Stochastic %K (14) | 28.70 | NEUTRAL |
| CCI (20) | -109.62 | BUY |
| Williams %R (14) | -71.30 | NEUTRAL |
| MACD (12,26,9) | 0.02 | BUY |
| ROC (10) | 1.94 | BUY |
| Momentum (10) | 0.31 | BUY |
| EMA (10) | 16.71 | SELL |
| SMA (10) | 16.67 | SELL |
| EMA (20) | 16.81 | SELL |
| SMA (20) | 16.78 | SELL |
| EMA (30) | 16.90 | SELL |
| SMA (30) | 17.04 | SELL |
| EMA (50) | 16.98 | SELL |
| SMA (50) | 17.21 | SELL |
| EMA (100) | 16.90 | SELL |
| SMA (100) | 17.02 | SELL |
| EMA (200) | 16.53 | SELL |
| SMA (200) | 16.18 | BUY |
SMC — Top Down
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
Before you act on this
The questions worth asking about any verdict on this page, answered plainly.
Is a fund screened on its name?
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.
What does unrated weight mean?
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.
Does the issuer's board make it compliant?
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.
How often is this re-screened?
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.
Compare with
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.
AI Summary
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.