Verdicts genuinely change. Free email alert the moment PAXLX'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.
Impax Large Cap Fund · IMPAX FUNDS SERIES TRUST I
43 holdings
NON-COMPLIANT 17.42% of portfolio weight is in non-compliant holdings, over the 5% threshold.
2.68% of that is conventional interest-bearing debt, identified from the fund's own filing rather than by screening an issuer. Sukuk are deliberately excluded from this test and are never counted here.
43 holdings, 43 matched (100% of weight). Portfolio as of 2026-06-30, filed 2026-08-19. Source: SEC Form N-PORT.
0.84% of this portfolio’s income is non-permissible — weighted across holdings, computed over 88% of portfolio weight (36 of 43 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 20.1% questionable 17.4% non-compliant 0.0% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA Corp. | COMPLIANT | 10.24% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| MSFT Microsoft Corp. | QUESTIONABLE | 6.73% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| AMZN Amazon.com, Inc. | QUESTIONABLE | 6.05% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| GOOG Alphabet, Inc. | QUESTIONABLE | 5.71% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| AVGO Broadcom, Inc. | COMPLIANT | 4.38% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| MA Mastercard, Inc. | COMPLIANT | 3.69% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| UBER Uber Technologies, Inc. | COMPLIANT | 2.72% | AAOIFI9.5% Usmani22.4% Dow Jones Islamic8.9% S&P Shariah9.6% MSCI Islamic22.4% MSCI Islamic M-Series9.6% FTSE Shariah19.3% |
| JPMorgan U.S. Treasury Plus Money Market Fund | NON_COMPLIANT | 2.68% | no in-house ratios for this holding |
| A Agilent Technologies, Inc. | COMPLIANT | 2.60% | AAOIFI9.3% Usmani28.3% Dow Jones Islamic10.8% S&P Shariah10.7% MSCI Islamic28.3% MSCI Islamic M-Series10.7% FTSE Shariah28.3% |
| DHR Danaher Corp. | COMPLIANT | 2.40% | AAOIFI18.2% Usmani28.8% Dow Jones Islamic17.7% S&P Shariah16.7% MSCI Islamic28.8% MSCI Islamic M-Series16.7% FTSE Shariah28.8% |
| PNFP Pinnacle Financial Partners, Inc. | NON_COMPLIANT | 2.39% | AAOIFI16.1% Usmani1.9% Dow Jones Islamic27.2% S&P Shariah30.6% MSCI Islamic1.9% MSCI Islamic M-Series30.6% FTSE Shariah1.9% |
| GILD Gilead Sciences, Inc. | COMPLIANT | 2.24% | AAOIFI14.4% Usmani53.2% Dow Jones Islamic18.6% S&P Shariah21.4% MSCI Islamic53.2% MSCI Islamic M-Series21.4% FTSE Shariah53.2% |
| PGR Progressive Corp. (The) | NON_COMPLIANT | 2.24% | AAOIFI6.5% Usmani6.7% Dow Jones Islamic6.3% S&P Shariah6.9% MSCI Islamic6.7% MSCI Islamic M-Series6.9% FTSE Shariah6.7% |
| ORCL Oracle Corp. | NON_COMPLIANT | 2.23% | AAOIFI34.1% Usmani64.0% Dow Jones Islamic30.7% S&P Shariah35.2% MSCI Islamic61.0% MSCI Islamic M-Series35.2% FTSE Shariah49.5% |
| KLAC KLA Corp. | COMPLIANT | 2.23% | AAOIFI2.5% Usmani34.3% Dow Jones Islamic4.0% S&P Shariah4.7% MSCI Islamic34.3% MSCI Islamic M-Series4.7% FTSE Shariah32.8% |
| LIN Linde plc | COMPLIANT | 2.16% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| CL Colgate-Palmolive Co. | COMPLIANT | 2.08% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| AAPL Apple, Inc. | COMPLIANT | 1.96% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| WCN Waste Connections, Inc. | COMPLIANT | 1.93% | AAOIFI16.4% Usmani44.9% Dow Jones Islamic21.4% S&P Shariah22.2% MSCI Islamic44.9% MSCI Islamic M-Series22.2% FTSE Shariah43.4% |
| AWK American Water Works Co., Inc. | NON_COMPLIANT | 1.93% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TEL TE Connectivity plc | COMPLIANT | 1.89% | AAOIFI9.5% Usmani21.6% Dow Jones Islamic10.3% S&P Shariah11.2% MSCI Islamic21.6% MSCI Islamic M-Series11.2% FTSE Shariah21.6% |
| TYL Tyler Technologies, Inc. | COMPLIANT | 1.89% | AAOIFI9.8% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.2% MSCI Islamic25.0% MSCI Islamic M-Series7.2% FTSE Shariah24.2% |
| GEV GE Vernova, Inc. | COMPLIANT | 1.79% | AAOIFI1.1% Usmani3.5% Dow Jones Islamic1.7% S&P Shariah2.0% MSCI Islamic3.5% MSCI Islamic M-Series2.0% FTSE Shariah3.5% |
| UNP Union Pacific Corp. | COMPLIANT | 1.74% | AAOIFI18.2% Usmani43.8% Dow Jones Islamic22.0% S&P Shariah22.4% MSCI Islamic43.8% MSCI Islamic M-Series22.4% FTSE Shariah42.6% |
| DASH DoorDash, Inc. | COMPLIANT | 1.68% | AAOIFI3.6% Usmani16.9% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic16.9% MSCI Islamic M-Series4.5% FTSE Shariah13.9% |
| NFLX Netflix, Inc. | QUESTIONABLE | 1.63% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| VTR Ventas, Inc. | COMPLIANT | 1.60% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| ULTA Ulta Beauty, Inc. | COMPLIANT | 1.58% | AAOIFI10.7% Usmani36.2% Dow Jones Islamic11.7% S&P Shariah11.8% MSCI Islamic36.2% MSCI Islamic M-Series11.8% FTSE Shariah4.9% |
| HUBB Hubbell, Inc. | COMPLIANT | 1.56% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| QXO QXO, Inc. | NON_COMPLIANT | 1.50% | AAOIFI49.4% Usmani31.0% Dow Jones Islamic64.2% S&P Shariah94.5% MSCI Islamic30.2% MSCI Islamic M-Series94.5% FTSE Shariah26.6% |
| URI United Rentals, Inc. | COMPLIANT | 1.39% | AAOIFI27.5% Usmani59.2% Dow Jones Islamic32.5% S&P Shariah35.6% MSCI Islamic58.1% MSCI Islamic M-Series35.6% FTSE Shariah53.3% |
| XYL Xylem, Inc. | COMPLIANT | 1.35% | AAOIFI12.0% Usmani17.6% Dow Jones Islamic10.0% S&P Shariah10.3% MSCI Islamic17.6% MSCI Islamic M-Series10.3% FTSE Shariah16.9% |
| CFG Citizens Financial Group, Inc. | NON_COMPLIANT | 1.28% | AAOIFI92.6% Usmani11.8% Dow Jones Islamic125.5% S&P Shariah143.3% MSCI Islamic11.8% MSCI Islamic M-Series143.3% FTSE Shariah11.8% |
| DY Dycom Industries, Inc. | COMPLIANT | 1.24% | AAOIFI33.4% Usmani46.6% Dow Jones Islamic36.4% S&P Shariah44.4% MSCI Islamic46.6% MSCI Islamic M-Series44.4% FTSE Shariah43.1% |
| APTV Aptiv plc | NON_COMPLIANT | 1.18% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| LLY Eli Lilly & Co. | COMPLIANT | 1.16% | AAOIFI5.2% Usmani38.6% Dow Jones Islamic6.4% S&P Shariah6.9% MSCI Islamic38.6% MSCI Islamic M-Series6.9% FTSE Shariah38.6% |
| EBAY eBay, Inc. | COMPLIANT | 1.15% | AAOIFI13.9% Usmani35.6% Dow Jones Islamic16.9% S&P Shariah19.4% MSCI Islamic35.6% MSCI Islamic M-Series19.4% FTSE Shariah33.4% |
| MKC McCormick & Co., Inc. | NON_COMPLIANT | 1.15% | AAOIFI25.8% Usmani21.9% Dow Jones Islamic20.4% S&P Shariah20.4% MSCI Islamic21.9% MSCI Islamic M-Series20.4% FTSE Shariah21.9% |
| WAT Waters Corp. | COMPLIANT | 1.14% | AAOIFI14.1% Usmani21.2% Dow Jones Islamic21.2% S&P Shariah23.3% MSCI Islamic21.2% MSCI Islamic M-Series23.3% FTSE Shariah19.7% |
| ONON On Holding AG | COMPLIANT | 1.03% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| MRVL Marvell Technology, Inc. | COMPLIANT | 0.99% | AAOIFI2.7% Usmani19.2% Dow Jones Islamic5.6% S&P Shariah6.5% MSCI Islamic19.2% MSCI Islamic M-Series6.5% FTSE Shariah18.0% |
| CME CME Group, Inc. | NON_COMPLIANT | 0.85% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BSX Boston Scientific Corp. | COMPLIANT | 0.83% | AAOIFI19.4% Usmani27.9% Dow Jones Islamic10.0% S&P Shariah10.9% MSCI Islamic27.9% MSCI Islamic M-Series10.9% FTSE Shariah27.9% |
The published standards disagree about this fund by 24 points of portfolio weight — 81.8% of it passes AAOIFI, 57.4% 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 81.8% ratios fail on 7.1% 11.3% not rated under AAOIFI
ratios pass on 62.3% ratios fail on 23.0% 14.8% not rated under Usmani
ratios pass on 78.7% ratios fail on 10.2% 11.3% not rated under Dow Jones Islamic
ratios pass on 75.1% ratios fail on 13.8% 11.3% not rated under S&P Shariah
ratios pass on 57.4% ratios fail on 23.0% 19.8% not rated under MSCI Islamic
ratios pass on 75.1% ratios fail on 13.8% 11.3% not rated under MSCI Islamic M-Series
ratios pass on 68.4% ratios fail on 20.8% 11.0% not rated under FTSE Shariah
42 of 43 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 38 (91% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| JPMorgan U.S. Treasury Plus Money Market Fund | 2.68% |
| PNFP Pinnacle Financial Partners, Inc. | 2.39% |
| PGR Progressive Corp. (The) | 2.24% |
| ORCL Oracle Corp. | 2.23% |
| AWK American Water Works Co., Inc. | 1.93% |
| QXO QXO, Inc. | 1.50% |
| CFG Citizens Financial Group, Inc. | 1.28% |
| APTV Aptiv plc | 1.18% |
| MKC McCormick & Co., Inc. | 1.15% |
| CME CME Group, Inc. | 0.85% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Impax Large Cap Fund (PAXLX) 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 |
|---|---|---|
| NVDANVIDIA Corp. | 10.24% | Compliant |
| MSFTMicrosoft Corp. | 6.73% | Questionable |
| AMZNAmazon.com, Inc. | 6.05% | Questionable |
| GOOGAlphabet, Inc. | 5.71% | Questionable |
| AVGOBroadcom, Inc. | 4.38% | Compliant |
| MAMastercard, Inc. | 3.69% | Compliant |
| UBERUber Technologies, Inc. | 2.72% | Compliant |
| JPMorgan U.S. Treasury Plus Money Market Fundnot matched to a ticker | 2.68% | Non-compliant |
| AAgilent Technologies, Inc. | 2.60% | Compliant |
| DHRDanaher Corp. | 2.40% | Compliant |
Top 10 of 43 holdings, 47.2% 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 PAXLX. 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) | 58.80 | NEUTRAL |
| Stochastic %K (14) | 93.55 | SELL |
| CCI (20) | 116.38 | SELL |
| Williams %R (14) | -6.45 | SELL |
| MACD (12,26,9) | 0.03 | BUY |
| ROC (10) | 2.28 | BUY |
| Momentum (10) | 0.26 | BUY |
| EMA (10) | 11.56 | BUY |
| SMA (10) | 11.53 | BUY |
| EMA (20) | 11.52 | BUY |
| SMA (20) | 11.46 | BUY |
| EMA (30) | 11.50 | BUY |
| SMA (30) | 11.47 | BUY |
| EMA (50) | 11.45 | BUY |
| SMA (50) | 11.54 | BUY |
| EMA (100) | 11.34 | BUY |
| SMA (100) | 11.33 | BUY |
| EMA (200) | 11.17 | BUY |
| SMA (200) | 11.07 | 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.