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HALAL TRADING ROOM Sharia-screened signals
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NETLETF / FundColterpoint Net Lease Real Estate ETF

$24.34 last close 2026-11-05
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Verdicts genuinely change. Free email alert the moment NETL's does — no target price to set, unlike "Alert" above.

Sharia status
NOT COMPLIANT
Screened by look-through to its filed holdings — 47% of portfolio weight covered
Fund look-through

Colterpoint Net Lease Real Estate ETF ETF · ETF Series Solutions

23 holdings · as of 2026-08-31 (2.2 months ago)

NON-COMPLIANT At least 47.47% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 52% turns out to be. Matching more holdings can only raise this share, never lower it.

23 holdings, 11 matched (47% of weight). Portfolio as of 2026-08-31, filed 2026-10-30. Source: SEC Form N-PORT.

0.47% of this portfolio’s income is non-permissible — weighted across holdings, computed over 47% of portfolio weight (11 of 23 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.

All holdings (23)
HoldingStatusWeightEvery methodology, and the debt ratio behind it
NNN REIT Inc UNSCREENED 8.12% no in-house ratios for this holding
O Realty Income Corp NON_COMPLIANT 8.00% AAOIFI3.9% Usmani2.6% Dow Jones Islamic4.0% S&P Shariah4.3% MSCI Islamic2.6% MSCI Islamic M-Series4.3% FTSE Shariah2.6%
Agree Realty Corp UNSCREENED 7.79% no in-house ratios for this holding
WP Carey Inc UNSCREENED 7.52% no in-house ratios for this holding
VICI VICI Properties Inc NON_COMPLIANT 7.27% AAOIFI57.8% Usmani35.1% Dow Jones Islamic55.7% S&P Shariah58.1% MSCI Islamic35.1% MSCI Islamic M-Series58.1% FTSE Shariah35.1%
LXP LXP Industrial Trust NON_COMPLIANT 4.70% AAOIFI38.0% Usmani39.4% Dow Jones Islamic51.3% S&P Shariah53.6% MSCI Islamic39.4% MSCI Islamic M-Series53.6% FTSE Shariah39.4%
Broadstone Net Lease Inc UNSCREENED 4.12% no in-house ratios for this holding
EPR EPR Properties NON_COMPLIANT 4.12% AAOIFI71.8% Usmani54.4% Dow Jones Islamic86.7% S&P Shariah95.5% MSCI Islamic54.4% MSCI Islamic M-Series95.5% FTSE Shariah54.4%
NTST NETSTREIT Corp NON_COMPLIANT 4.02% AAOIFI68.1% Usmani46.0% Dow Jones Islamic94.2% S&P Shariah104.2% MSCI Islamic46.0% MSCI Islamic M-Series104.2% FTSE Shariah46.0%
Four Corners Property Trust In UNSCREENED 4.00% no in-house ratios for this holding
Getty Realty Corp UNSCREENED 3.99% no in-house ratios for this holding
STAG STAG Industrial Inc NON_COMPLIANT 3.93% AAOIFI44.2% Usmani44.6% Dow Jones Islamic48.2% S&P Shariah49.6% MSCI Islamic44.6% MSCI Islamic M-Series49.6% FTSE Shariah44.6%
Innovative Industrial Properti UNSCREENED 3.93% no in-house ratios for this holding
Essential Properties Realty Tr UNSCREENED 3.92% no in-house ratios for this holding
Global Net Lease Inc UNSCREENED 3.92% no in-house ratios for this holding
GOOD Gladstone Commercial Corp NON_COMPLIANT 3.66% AAOIFI133.2% Usmani68.5% Dow Jones Islamic150.0% S&P Shariah163.1% MSCI Islamic68.5% MSCI Islamic M-Series163.1% FTSE Shariah68.5%
PSTL Postal Realty Trust Inc NON_COMPLIANT 3.56% AAOIFI45.4% Usmani45.9% Dow Jones Islamic93.9% S&P Shariah106.6% MSCI Islamic45.9% MSCI Islamic M-Series106.6% FTSE Shariah45.7%
SAFE Safehold Inc NON_COMPLIANT 3.19% AAOIFI434.6% Usmani61.9% Dow Jones Islamic408.0% S&P Shariah392.9% MSCI Islamic61.9% MSCI Islamic M-Series392.9% FTSE Shariah61.9%
GLPI Gaming and Leisure Properties NON_COMPLIANT 3.13% AAOIFI66.7% Usmani57.1% Dow Jones Islamic65.1% S&P Shariah68.3% MSCI Islamic57.1% MSCI Islamic M-Series68.3% FTSE Shariah57.1%
One Liberty Properties Inc UNSCREENED 2.90% no in-house ratios for this holding
FVR FrontView REIT Inc NON_COMPLIANT 1.87% AAOIFI58.1% Usmani36.6% Dow Jones Islamic108.2% S&P Shariahfail MSCI Islamic36.6% MSCI Islamic M-Seriesfail FTSE Shariah36.6%
Alpine Income Property Trust I UNSCREENED 1.72% no in-house ratios for this holding
First American Government Obli UNSCREENED 0.54% no in-house ratios for this holding

All 7 published standards agree about this fund to within 0.0 points of portfolio weight.

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 39.5% 60.5% not rated under AAOIFI

11 of 23 listed holdings carry our own per-methodology verdicts (47% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none.

Non-compliant holdingWeight
O Realty Income Corp 8.00%
VICI VICI Properties Inc 7.27%
LXP LXP Industrial Trust 4.70%
EPR EPR Properties 4.12%
NTST NETSTREIT Corp 4.02%
STAG STAG Industrial Inc 3.93%
GOOD Gladstone Commercial Corp 3.66%
PSTL Postal Realty Trust Inc 3.56%
SAFE Safehold Inc 3.19%
GLPI Gaming and Leisure Properties 3.13%

Methodology breakdown computing — it will appear here on its own.

🕌Open research, not a fatwa — verify with your own scholar.

Trade setup

Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.

SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Why this signal?

The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.

Structure3 of 4 timeframes bullish · 94.1% aligned
VWAPPrice holding above VWAP ($24.10)
VolumeRelative volume 5.4× the 20-day average
Momentum10-day rate of change +1.5%

Colterpoint Net Lease Real Estate ETF (NETL) 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.

Market & analysts
Momentum (10d)
+1.5%
rate of change
SMC grade
D · 44
94.1% aligned
D · 44
SMC grade — 94.1% timeframe alignment
+1.5%
Rate of change (10d)

🕌 In-house Compliance Research

Computing the full ratio and business-activity breakdown for NETL — this runs off the critical path so the page paints first. It will appear here on its own.

27.7826.4425.1123.7722.442025-11-062026-05-082026-11-05

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
23.99
S2
24.12
S1
24.33
PIVOT
24.46
R1
24.67
R2
24.80
R3
25.01

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

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.

7-day expected range
23.68 – 25.18
±3.07% from 24.43, made 2026-09-24 · resolves 2026-10-01
STRONG SELL
from 19 indicators
61.9% of our last 5789 forecasts — across every instrument we forecast, not just this one — landed inside their stated range, and 49.9% called the direction correctly.

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.

BUY
19 indicators
OscillatorsSTRONG BUY
3 buy · 3 neutral · 1 sell
Moving averagesNEUTRAL
6 buy · 0 neutral · 6 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)54.80NEUTRAL
Stochastic %K (14)75.70NEUTRAL
CCI (20)179.95SELL
Williams %R (14)-24.30NEUTRAL
MACD (12,26,9)0.15BUY
ROC (10)1.94BUY
Momentum (10)0.46BUY
EMA (10)24.07BUY
SMA (10)23.99BUY
EMA (20)23.97BUY
SMA (20)23.79BUY
EMA (30)24.07BUY
SMA (30)23.77BUY
EMA (50)24.39SELL
SMA (50)24.38SELL
EMA (100)24.86SELL
SMA (100)25.47SELL
EMA (200)24.72SELL
SMA (200)25.35SELL

About Colterpoint Net Lease Real Estate ETF

The index is generally composed of the U.S.-listed equity securities of companies that derive at least 85% of their earnings or revenues from real estate operations in the net lease real estate sector ("Eligible Companies"). Under normal circumstances, at least 80% of the fund’s net assets, plus borrowings for investment purposes, will be invested in corporate real estate companies. It is non-diversified.

Background via Yahoo Finance — informational, not part of the verdict.

Grade verdict

Weak — low conviction, small size or skip

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.

TimeframeBiasBars
📅 Daily BULLISH 43
🕐 1H BULLISH 27
⏱ 15-Min BULLISH 109
⏲ 5-Min RANGING 234

Momentum & Volume

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.

+1.5%
Rate of change (10d)
5.4×
Volume vs its 20-day average
-0.05
MACD (no fresh cross)

Peer Movement

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.

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.

Insider Activity (90d)

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

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

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 2026-10-27 · Asset managers net 923449 (+22072)

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.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.