PIZETF / FundInvesco Dorsey Wright Developed Markets Momentum ETF
Verdicts genuinely change. Free email alert the moment PIZ'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.
Invesco Dorsey Wright Developed Markets Momentum ETF ETF · Invesco Exchange-Traded Fund Trust II
102 holdings · as of 2026-07-31 (3.2 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
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 105% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 46.20% of portfolio weight is in non-compliant holdings, over the 5% threshold.
102 holdings, 89 matched (88% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
11.55% of this portfolio’s income is non-permissible — weighted across holdings, computed over 67% of portfolio weight (66 of 102 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.
44.0% compliant 0.0% questionable 44.1% non-compliant 11.9% unscreened
All holdings (102)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| CSU.TO Constellation Software Inc. | COMPLIANT | 3.45% | AAOIFI13.2% Usmani38.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic35.8% MSCI Islamic M-Seriespass FTSE Shariah35.8% |
| BBD-A.TO Bombardier Inc. | COMPLIANT | 3.25% | AAOIFI23.1% Usmani38.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic38.0% MSCI Islamic M-Seriesfail FTSE Shariah38.0% |
| TIH.TO Toromont Industries Ltd. | COMPLIANT | 2.87% | AAOIFI5.2% Usmani16.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.6% MSCI Islamic M-Seriespass FTSE Shariah15.6% |
| BEAN.SW Belimo Holding AG | COMPLIANT | 2.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TD Toronto-Dominion Bank (The) | NON_COMPLIANT | 2.59% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| RY Royal Bank of Canada | COMPLIANT | 2.47% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| Invesco Private Prime Fund | UNSCREENED | 2.41% | no in-house ratios for this holding |
| INVE-A.ST Investor AB | COMPLIANT | 2.36% | AAOIFI9.7% Usmani10.5% Dow Jones Islamic— S&P Shariah— MSCI Islamic10.5% MSCI Islamic M-Series— FTSE Shariah10.5% |
| BGEO.L Lion Finance Group PLC | NON_COMPLIANT | 2.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SWED-A.ST Swedbank AB | NON_COMPLIANT | 2.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IHG InterContinental Hotels Group PLC | NON_COMPLIANT | 2.00% | AAOIFI16.8% Usmani78.6% Dow Jones Islamic19.2% S&P Shariah21.0% MSCI Islamic78.6% MSCI Islamic M-Series21.0% FTSE Shariah78.6% |
| 267260.KS HD Hyundai Electric Co., Ltd. | COMPLIANT | 1.98% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| UNI.MI Unipol Assicurazioni S.p.A. | NON_COMPLIANT | 1.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BPER Banca S.p.A. | UNSCREENED | 1.86% | no in-house ratios for this holding |
| 000660.KS SK hynix Inc. | COMPLIANT | 1.83% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TPEIR.AT Piraeus Bank S.A. | NON_COMPLIANT | 1.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| O39.SI Oversea-Chinese Banking Corp. Ltd. | NON_COMPLIANT | 1.77% | AAOIFI21.2% Usmani4.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.5% MSCI Islamic M-Seriesfail FTSE Shariah4.5% |
| ABBNY ABB Ltd. | COMPLIANT | 1.74% | AAOIFI6.4% Usmani22.0% Dow Jones Islamic7.0% S&P Shariah8.0% MSCI Islamic20.3% MSCI Islamic M-Series8.0% FTSE Shariah20.3% |
| BIRG.IR Bank of Ireland Group PLC | NON_COMPLIANT | 1.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Banco Comercial Portugues, S.A. | UNSCREENED | 1.50% | no in-house ratios for this holding |
| SLHN.SW Swiss Life Holding AG | NON_COMPLIANT | 1.45% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HOT.DE HOCHTIEF AG | COMPLIANT | 1.38% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 4062.T Ibiden Co., Ltd. | COMPLIANT | 1.37% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| VACN.SW VAT Group AG | COMPLIANT | 1.34% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RILBA.CO Ringkjoebing Landbobank A/S | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| A5G.IR AIB Group PLC | NON_COMPLIANT | 1.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ATCO-A.ST Atlas Copco AB | COMPLIANT | 1.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5016.T JX Advanced Metals Corp. | COMPLIANT | 1.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CABK.MC CaixaBank, S.A. | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FER Ferrovial N.V. | COMPLIANT | 0.99% | AAOIFI29.5% Usmani38.0% Dow Jones Islamic30.9% S&P Shariah35.1% MSCI Islamic38.0% MSCI Islamic M-Series35.1% FTSE Shariah38.0% |
| BG.VI BAWAG Group AG | NON_COMPLIANT | 0.98% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALSYDB.CO AL Sydbank A/S | NON_COMPLIANT | 0.97% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DPLM.L Diploma PLC | COMPLIANT | 0.95% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ACS Actividades de Construccion y Servicios S.A. | UNSCREENED | 0.94% | no in-house ratios for this holding |
| Invesco Private Government Fund | UNSCREENED | 0.93% | no in-house ratios for this holding |
| 8341.T 77 Bank, Ltd. (The) | NON_COMPLIANT | 0.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7936.T ASICS Corp. | COMPLIANT | 0.91% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| RBI.VI Raiffeisen Bank International AG | NON_COMPLIANT | 0.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EIF.TO Exchange Income Corp. | NON_COMPLIANT | 0.87% | AAOIFI36.1% Usmani51.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic46.2% MSCI Islamic M-Series— FTSE Shariah46.2% |
| TKA.DE thyssenkrupp AG | NON_COMPLIANT | 0.86% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6361.T Ebara Corp. | COMPLIANT | 0.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PRY.MI Prysmian S.p.A. | COMPLIANT | 0.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BBVA.MC Banco Bilbao Vizcaya Argentaria S.A. | NON_COMPLIANT | 0.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INGA.AS ING Groep N.V. | NON_COMPLIANT | 0.82% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1888.HK Kingboard Laminates Holdings Ltd. | COMPLIANT | 0.82% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Jusung Engineering Co., Ltd. | UNSCREENED | 0.75% | no in-house ratios for this holding |
| HSBA.L HSBC Holdings PLC | NON_COMPLIANT | 0.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAN.MC Banco Santander S.A. | NON_COMPLIANT | 0.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 4004.T Resonac Holdings Corp. | NON_COMPLIANT | 0.71% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SB1NO.OL SpareBank 1 Sor-Norge ASA | NON_COMPLIANT | 0.71% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| X.TO TMX Group Ltd. | NON_COMPLIANT | 0.71% | AAOIFI14.6% Usmani4.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.3% MSCI Islamic M-Seriesfail FTSE Shariah4.3% |
| ATZ.TO Aritzia Inc. | COMPLIANT | 0.71% | AAOIFI6.8% Usmani63.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic31.8% MSCI Islamic M-Seriespass FTSE Shariah31.8% |
| D05.SI DBS Group Holdings Ltd. | NON_COMPLIANT | 0.71% | AAOIFI33.5% Usmani8.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.4% MSCI Islamic M-Seriesfail FTSE Shariah8.4% |
| 005930.KS Samsung Electronics Co., Ltd. | COMPLIANT | 0.71% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| NA.TO National Bank of Canada | NON_COMPLIANT | 0.70% | AAOIFI133.1% Usmani18.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic18.8% MSCI Islamic M-Series— FTSE Shariah18.8% |
| Finning International Inc. | UNSCREENED | 0.69% | no in-house ratios for this holding |
| 8411.T Mizuho Financial Group, Inc. | NON_COMPLIANT | 0.69% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EBS.VI Erste Group Bank AG | NON_COMPLIANT | 0.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALV.DE Allianz SE | NON_COMPLIANT | 0.67% | AAOIFI20.8% Usmani3.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.4% MSCI Islamic M-Seriesfail FTSE Shariah3.4% |
| 8359.T Hachijuni Nagano Bank, Ltd. | NON_COMPLIANT | 0.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| INDU-A.ST Industrivarden AB | COMPLIANT | 0.67% | AAOIFI3.2% Usmani3.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic3.7% MSCI Islamic M-Series— FTSE Shariah3.7% |
| 8306.T Mitsubishi Ufj Financial Group, Inc. | NON_COMPLIANT | 0.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BMED.MI Banca Mediolanum S.p.A. | NON_COMPLIANT | 0.66% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ISP.MI Intesa Sanpaolo S.p.A. | NON_COMPLIANT | 0.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 034730.KS SK Inc. | NON_COMPLIANT | 0.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7167.T Mebuki Financial Group, Inc. | NON_COMPLIANT | 0.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LLOY.L Lloyds Banking Group PLC | NON_COMPLIANT | 0.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Tamarack Valley Energy Ltd. | UNSCREENED | 0.63% | no in-house ratios for this holding |
| 7735.T Screen Holdings Co., Ltd. | COMPLIANT | 0.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 5334.T Niterra Co., Ltd. | COMPLIANT | 0.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| NEX.PA Nexans | NON_COMPLIANT | 0.62% | AAOIFI32.2% Usmani25.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic23.6% MSCI Islamic M-Series— FTSE Shariah23.6% |
| LR.PA Legrand | COMPLIANT | 0.62% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| KEY.TO Keyera Corp. | NON_COMPLIANT | 0.62% | AAOIFI38.0% Usmani49.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic48.2% MSCI Islamic M-Seriesfail FTSE Shariah48.2% |
| Mineral Resources Ltd. | UNSCREENED | 0.61% | no in-house ratios for this holding |
| PLS.AX PLS Group Ltd. | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DANSKE.CO Danske Bank A/S | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BKT.MC Bankinter S.A. | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IBE.MC Iberdrola, S.A. | NON_COMPLIANT | 0.61% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8015.T Toyota Tsusho Corp. | COMPLIANT | 0.60% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| GLE.PA Societe Generale | NON_COMPLIANT | 0.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| L.TO Loblaw Cos. Ltd. | COMPLIANT | 0.60% | AAOIFI23.3% Usmani64.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic39.2% MSCI Islamic M-Seriespass FTSE Shariah39.2% |
| 6976.T Taiyo Yuden Co., Ltd. | COMPLIANT | 0.59% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Hana Financial Group Inc. | UNSCREENED | 0.59% | no in-house ratios for this holding |
| SFR.AX Sandfire Resources Ltd. | COMPLIANT | 0.59% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AZM.MI Azimut Holding S.p.A. | COMPLIANT | 0.57% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Accelleron Industries AG | UNSCREENED | 0.56% | no in-house ratios for this holding |
| CPX.TO Capital Power Corp. | NON_COMPLIANT | 0.55% | AAOIFI70.2% Usmani45.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.6% MSCI Islamic M-Seriesfail FTSE Shariah44.6% |
| Public Power Corp. S.A. | UNSCREENED | 0.55% | no in-house ratios for this holding |
| 9072.T Nikkon Holdings Co., Ltd. | COMPLIANT | 0.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| LUN.TO Lundin Mining Corp. | COMPLIANT | 0.52% | AAOIFI1.9% Usmani6.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.2% MSCI Islamic M-Seriespass FTSE Shariah4.2% |
| 3436.T Sumco Corp. | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6134.T Fuji Corp. | COMPLIANT | 0.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| NKT.CO NKT A/S | COMPLIANT | 0.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6981.T Murata Manufacturing Co., Ltd. | COMPLIANT | 0.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| TE.PA Technip Energies N.V. | NON_COMPLIANT | 0.47% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5333.T NGK Corp. | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6525.T Kokusai Electric Corp. | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HUBN.SW Huber + Suhner AG | COMPLIANT | 0.45% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASMPT Ltd. | UNSCREENED | 0.44% | no in-house ratios for this holding |
| 6920.T Lasertec Corp. | COMPLIANT | 0.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 402340.KS SK Square Co., Ltd. | COMPLIANT | 0.39% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| 0148.HK Kingboard Holdings Ltd. | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
The published standards disagree about this fund by 28 points of portfolio weight — 48.1% of it passes AAOIFI, 20.4% 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 48.1% ratios fail on 44.2% 12.5% not rated under AAOIFI
ratios pass on 34.3% ratios fail on 54.1% 16.3% not rated under Usmani
ratios pass on 36.9% ratios fail on 50.2% 17.7% not rated under Dow Jones Islamic
ratios pass on 35.2% ratios fail on 49.4% 20.2% not rated under S&P Shariah
ratios pass on 20.4% ratios fail on 65.7% 18.7% not rated under MSCI Islamic
ratios pass on 34.7% ratios fail on 52.3% 17.7% not rated under MSCI Islamic M-Series
ratios pass on 32.0% ratios fail on 53.4% 19.3% not rated under FTSE Shariah
89 of 102 listed holdings carry our own per-methodology verdicts (92% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 24 (33% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| TD Toronto-Dominion Bank (The) | 2.59% |
| BGEO.L Lion Finance Group PLC | 2.28% |
| SWED-A.ST Swedbank AB | 2.10% |
| IHG InterContinental Hotels Group PLC | 2.00% |
| UNI.MI Unipol Assicurazioni S.p.A. | 1.95% |
| TPEIR.AT Piraeus Bank S.A. | 1.83% |
| O39.SI Oversea-Chinese Banking Corp. Ltd. | 1.77% |
| BIRG.IR Bank of Ireland Group PLC | 1.63% |
| SLHN.SW Swiss Life Holding AG | 1.45% |
| RILBA.CO Ringkjoebing Landbobank A/S | 1.32% |
Methodology breakdown computing — it will appear here on its own.
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Why this signal?
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Invesco Dorsey Wright Developed Markets Momentum ETF (PIZ) 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.
🕌 In-house Compliance Research
Computing the full ratio and business-activity breakdown for PIZ — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
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.
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) | 43.60 | NEUTRAL |
| Stochastic %K (14) | 52.21 | NEUTRAL |
| CCI (20) | -30.66 | NEUTRAL |
| Williams %R (14) | -47.79 | NEUTRAL |
| MACD (12,26,9) | 0.11 | BUY |
| ROC (10) | 0.68 | BUY |
| Momentum (10) | 0.33 | BUY |
| EMA (10) | 49.53 | SELL |
| SMA (10) | 49.30 | BUY |
| EMA (20) | 50.00 | SELL |
| SMA (20) | 49.81 | SELL |
| EMA (30) | 50.50 | SELL |
| SMA (30) | 50.72 | SELL |
| EMA (50) | 51.24 | SELL |
| SMA (50) | 51.80 | SELL |
| EMA (100) | 52.09 | SELL |
| SMA (100) | 52.70 | SELL |
| EMA (200) | 51.87 | SELL |
| SMA (200) | 53.04 | SELL |
About Invesco Dorsey Wright Developed Markets Momentum ETF
The fund will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is comprised of equity securities of large capitalization companies classified as developed markets, excluding the United States.
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BULLISH | 43 |
| ⏰ 4H | BULLISH | 19 |
| 🕐 1H | BULLISH | 76 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 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.
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.