ONDETF / FundProShares On Demand ETF
Verdicts genuinely change. Free email alert the moment OND's does — no target price to set, unlike a price alert.
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.
ProShares On Demand ETF · ProShares Trust
36 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 110% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 44.31% of portfolio weight is in non-compliant holdings, over the 5% threshold.
36 holdings, 21 matched (76% of weight). Portfolio as of 2026-08-31, filed 2026-10-28. Source: SEC Form N-PORT.
1.48% of this portfolio’s income is non-permissible — weighted across holdings, computed over 74% of portfolio weight (20 of 36 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.
27.2% compliant 8.3% questionable 40.2% non-compliant 24.3% unscreened
All holdings (36)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| INVESCO GOVT AND AGCY LEX | UNSCREENED | 10.50% | no in-house ratios for this holding |
| DASH DoorDash, Inc. | COMPLIANT | 6.76% | AAOIFI3.6% Usmani16.9% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic16.9% MSCI Islamic M-Series4.5% FTSE Shariah13.9% |
| SPOT Spotify Technology SA | NON_COMPLIANT | 5.02% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| NVDA NVIDIA Corp. | COMPLIANT | 4.92% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| UBER Uber Technologies, Inc. | COMPLIANT | 4.89% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| GRAB Grab Holdings Ltd. | NON_COMPLIANT | 4.85% | AAOIFI14.7% Usmani17.1% Dow Jones Islamic11.1% S&P Shariah12.2% MSCI Islamic17.1% MSCI Islamic M-Series12.2% FTSE Shariah17.1% |
| 9697.T Capcom Co. Ltd. | COMPLIANT | 4.70% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TTWO Take-Two Interactive Software, Inc. | QUESTIONABLE | 4.68% | AAOIFI7.4% Usmani32.6% Dow Jones Islamic7.5% S&P Shariah8.5% MSCI Islamic32.6% MSCI Islamic M-Series8.5% FTSE Shariah27.9% |
| NTES NetEase, Inc. | NON_COMPLIANT | 4.67% | AAOIFI0.9% Usmani0.3% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.3% MSCI Islamic M-Series0.0% FTSE Shariah0.2% |
| RBLX ROBLOX Corp. | COMPLIANT | 4.51% | AAOIFI5.7% Usmani18.8% Dow Jones Islamic3.5% S&P Shariah4.2% MSCI Islamic18.8% MSCI Islamic M-Series4.2% FTSE Shariah10.4% |
| NFLX Netflix, Inc. | QUESTIONABLE | 4.51% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| 3690.HK Meituan | NON_COMPLIANT | 4.51% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DHER.DE Delivery Hero SE | NON_COMPLIANT | 4.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3659.T Nexon Co. Ltd. | NON_COMPLIANT | 4.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LYFT Lyft, Inc. | NON_COMPLIANT | 4.09% | AAOIFI19.4% Usmani14.2% Dow Jones Islamic20.0% S&P Shariah20.8% MSCI Islamic13.5% MSCI Islamic M-Series20.8% FTSE Shariah11.5% |
| Shanghai Biren Technology Co. Ltd. | UNSCREENED | 3.82% | no in-house ratios for this holding |
| TME Tencent Music Entertainment Group | NON_COMPLIANT | 3.48% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| International Games System Co. Ltd. | UNSCREENED | 3.48% | no in-house ratios for this holding |
| BILI Bilibili, Inc. | NON_COMPLIANT | 3.26% | AAOIFI121.1% Usmani19.9% Dow Jones Islamic12.7% S&P Shariah14.7% MSCI Islamic19.9% MSCI Islamic M-Series14.7% FTSE Shariah19.5% |
| 259960.KS Krafton, Inc. | NON_COMPLIANT | 3.09% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Joby Aviation, Inc. | UNSCREENED | 2.88% | no in-house ratios for this holding |
| CD Projekt Red SA | UNSCREENED | 2.73% | no in-house ratios for this holding |
| LIF Life360, Inc. | COMPLIANT | 2.23% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariahpass MSCI Islamic0.0% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| NC Corp. | UNSCREENED | 2.07% | no in-house ratios for this holding |
| AMBA Ambarella, Inc. | COMPLIANT | 1.92% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PTON Peloton Interactive, Inc. | NON_COMPLIANT | 1.43% | AAOIFI73.9% Usmani85.1% Dow Jones Islamic61.8% S&P Shariah68.9% MSCI Islamic85.1% MSCI Islamic M-Series68.9% FTSE Shariah65.2% |
| 0136.HK China Ruyi Holdings Ltd. | NON_COMPLIANT | 1.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Beijing 51World Digital Twin Technology Co. Ltd. | UNSCREENED | 1.22% | no in-house ratios for this holding |
| Hong Kong Dollar | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Polish Zloty - New | UNSCREENED | 0.01% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Japanese Yen | UNSCREENED | 0.01% | no in-house ratios for this holding |
| British Pound | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Swedish Krona | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Singapore Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
| New Taiwan Dollar | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 32 points of portfolio weight — 66.7% of it passes S&P Shariah, 34.7% 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 47.1% ratios fail on 31.0% 32.2% not rated under AAOIFI
ratios pass on 41.6% ratios fail on 36.4% 32.2% not rated under Usmani
ratios pass on 62.6% ratios fail on 15.4% 32.2% not rated under Dow Jones Islamic
ratios pass on 66.7% ratios fail on 11.4% 32.2% not rated under S&P Shariah
ratios pass on 34.7% ratios fail on 43.3% 32.2% not rated under MSCI Islamic
ratios pass on 59.3% ratios fail on 18.7% 32.2% not rated under MSCI Islamic M-Series
ratios pass on 41.6% ratios fail on 36.4% 32.2% not rated under FTSE Shariah
21 of 36 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 13 (56% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SPOT Spotify Technology SA | 5.02% |
| GRAB Grab Holdings Ltd. | 4.85% |
| NTES NetEase, Inc. | 4.67% |
| 3690.HK Meituan | 4.51% |
| DHER.DE Delivery Hero SE | 4.30% |
| 3659.T Nexon Co. Ltd. | 4.29% |
| LYFT Lyft, Inc. | 4.09% |
| TME Tencent Music Entertainment Group | 3.48% |
| BILI Bilibili, Inc. | 3.26% |
| 259960.KS Krafton, Inc. | 3.09% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
ProShares On Demand ETF (OND) 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 |
|---|---|---|
| INVESCO GOVT AND AGCY LEXnot matched to a ticker | 10.50% | Not screened |
| DASHDoorDash, Inc. | 6.76% | Compliant |
| SPOTSpotify Technology SA | 5.02% | Non-compliant |
| NVDANVIDIA Corp. | 4.92% | Compliant |
| UBERUber Technologies, Inc. | 4.89% | Compliant |
| GRABGrab Holdings Ltd. | 4.85% | Non-compliant |
| 9697.TCapcom Co. Ltd. | 4.70% | Compliant |
| TTWOTake-Two Interactive Software, Inc. | 4.68% | Questionable |
| NTESNetEase, Inc. | 4.67% | Non-compliant |
| RBLXROBLOX Corp. | 4.51% | Compliant |
Top 10 of 36 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.
- INVESCO GOVT AND AGCY LEXnot screened10.50%
- SPOTnon-compliant5.02%
- GRABnon-compliant4.85%
- TTWOquestionable4.68%
- NTESnon-compliant4.67%
- NFLXquestionable4.51%
What changed, and when
Verdict history for OND. 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 OND has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
Tracked since 2026-09-07.
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Not enough completed daily bars to compute pivots.
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.