PXHETF / FundInvesco RAFI Emerging Markets ETF
Verdicts genuinely change. Free email alert the moment PXH'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 RAFI Emerging Markets ETF ETF · Invesco Exchange-Traded Fund Trust II
381 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 103% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 54.97% of portfolio weight is in non-compliant holdings, over the 5% threshold.
381 holdings, 312 matched (86% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
6.50% of this portfolio’s income is non-permissible — weighted across holdings, computed over 64% of portfolio weight (250 of 381 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.
32.8% compliant 0.0% questionable 53.5% non-compliant 13.7% unscreened
All holdings (381) · showing 251–381
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| RECLTD.NS REC Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 601916.SS China Zheshang Bank Co., Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3993.HK CMOC Group Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 4904.TW Far EasTone Telecommunications Co., Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| APN.JO Aspen Pharmacare Holdings Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RENT3.SA Localiza Rent a Car S.A. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WIT Wipro Ltd. | COMPLIANT | 0.09% | AAOIFI9.7% Usmani12.6% Dow Jones Islamic6.7% S&P Shariah6.7% MSCI Islamic12.6% MSCI Islamic M-Series6.7% FTSE Shariah12.6% |
| Taiwan Mobile Co., Ltd. | UNSCREENED | 0.09% | no in-house ratios for this holding |
| 1605.TW Walsin Lihwa Corp. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3618.HK Chongqing Rural Commercial Bank Co., Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ADRO.JK PT Alamtri Resources Indonesia Tbk | NON_COMPLIANT | 0.09% | AAOIFI18.4% Usmani13.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic12.0% MSCI Islamic M-Seriesfail FTSE Shariah12.0% |
| NRP.JO NEPI Rockcastle N.V. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1211.SR Saudi Arabian Mining Co. | COMPLIANT | 0.09% | AAOIFI13.2% Usmani29.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic28.3% MSCI Islamic M-Seriespass FTSE Shariah28.3% |
| 0902.HK Huaneng Power International, Inc. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| OMU.JO Old Mutual Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAJAJ-AUTO.NS Bajaj Auto Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 003816.SZ CGN Power Co., Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KOFUBL.MX Coca-Cola FEMSA, S.A.B. de C.V. | COMPLIANT | 0.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| VEDL.NS Vedanta Ltd. | COMPLIANT | 0.09% | AAOIFI26.4% Usmani12.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic11.9% MSCI Islamic M-Seriespass FTSE Shariah11.9% |
| BANKBARODA.NS Bank of Baroda | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2382.HK Sunny Optical Technology (Group) Co. Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAJAJFINSV.NS Bajaj Finserv Ltd. | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Taiwan Cooperative Financial Holding Co., Ltd. | UNSCREENED | 0.09% | no in-house ratios for this holding |
| CIPLA.NS Cipla Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| 1024.HK Kuaishou Technology | NON_COMPLIANT | 0.09% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| HEROMOTOCO.NS Hero MotoCorp Ltd. | COMPLIANT | 0.09% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 1336.HK New China Life Insurance Co. Ltd. | NON_COMPLIANT | 0.08% | AAOIFI15.8% Usmani1.1% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.1% MSCI Islamic M-Seriesfail FTSE Shariah1.1% |
| 600050.SS China United Network Communications Ltd. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Guangdong Investment Ltd. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| ULTRACEMCO.NS UltraTech Cement Ltd. | COMPLIANT | 0.08% | AAOIFI7.1% Usmani17.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic16.8% MSCI Islamic M-Seriespass FTSE Shariah16.8% |
| 1050.SR Banque Saudi Fransi | NON_COMPLIANT | 0.08% | AAOIFI73.7% Usmani12.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic12.8% MSCI Islamic M-Seriesfail FTSE Shariah12.8% |
| 1618.HK Metallurgical Corp. of China Ltd. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SABIC Agri-Nutrients Co. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| EXX.JO Exxaro Resources Ltd. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Fibra Uno Administracion, S.A. de C.V. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| GRT.JO Growthpoint Properties Ltd. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| China Everbright Environment Group Ltd. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| KLBN11.SA Klabin S.A. | COMPLIANT | 0.08% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Bangkok Dusit Medical Services PCL | UNSCREENED | 0.08% | no in-house ratios for this holding |
| CSNA3.SA Cia Siderurgica Nacional | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 601688.SS Huatai Securities Co., Ltd. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2313.HK Shenzhou International Group Holdings Ltd. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TCELL.IS Turkcell Iletisim Hizmetleri A.S. | NON_COMPLIANT | 0.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 601868.SS China Energy Engineering Corp. Ltd. | NON_COMPLIANT | 0.07% | AAOIFI282.6% Usmani35.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic35.2% MSCI Islamic M-Series— FTSE Shariah35.2% |
| 600048.SS Poly Developments and Holdings Group Co., Ltd. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ONC BeOne Medicines Ltd. | COMPLIANT | 0.07% | AAOIFI2.8% Usmani12.5% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic12.5% MSCI Islamic M-Series0.3% FTSE Shariah11.7% |
| Turkiye Is Bankasi A.S. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| 1359.HK China Cinda Asset Management Co., Ltd. | NON_COMPLIANT | 0.07% | AAOIFI2864.4% Usmani53.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic53.3% MSCI Islamic M-Series— FTSE Shariah53.3% |
| 5876.TW Shanghai Commercial & Savings Bank, Ltd. (The) | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 3320.HK China Resources Pharmaceutical Group Ltd. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| YKBNK.IS Yapi Ve Kredi Bankasi A.S. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Hapvida Participacoes e Investimentos S.A. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| 9904.TW Pou Chen Corp. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 1402.TW Far Eastern New Century Corp. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BIMBOA.MX Grupo Bimbo, S.A.B. de C.V. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UPL.BO UPL Ltd. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BBNI.JK PT Bank Negara Indonesia (Persero) Tbk | NON_COMPLIANT | 0.07% | AAOIFI50.6% Usmani5.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic5.2% MSCI Islamic M-Seriesfail FTSE Shariah5.2% |
| 3808.HK Sinotruk (Hong Kong) Ltd. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 0285.HK BYD Electronic (International) Co. Ltd. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 600019.SS Baoshan Iron & Steel Co., Ltd. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2618.HK JD Logistics, Inc. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| SIGMAFA.MX Sigma Foods, S.A.B. de C.V. | NON_COMPLIANT | 0.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1102.TW Asia Cement Corp. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PETRONET.NS Petronet LNG Ltd. | COMPLIANT | 0.06% | AAOIFI5.4% Usmani17.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic8.5% MSCI Islamic M-Seriespass FTSE Shariah8.5% |
| IQ iQIYI, Inc. | NON_COMPLIANT | 0.06% | AAOIFI140.6% Usmani20.0% Dow Jones Islamic10.5% S&P Shariah7.5% MSCI Islamic20.0% MSCI Islamic M-Series7.5% FTSE Shariah19.1% |
| 1193.HK China Resources Gas Group Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 2039.HK China International Marine Containers (Group) Co., Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CENCOSUD.SN Cencosud S.A. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CSAN3.SA Cosan S.A. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| JKS JinkoSolar Holding Co., Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmani8.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.8% MSCI Islamic M-Seriesfail FTSE Shariah8.8% |
| Saudi Electricity Co. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| 3311.HK China State Construction International Holdings Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Banco del Bajio S.A. | UNSCREENED | 0.06% | no in-house ratios for this holding |
| BS6.SI Yangzijiang Shipbuilding (Holdings) Ltd. | COMPLIANT | 0.06% | AAOIFI5.5% Usmani9.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic9.5% MSCI Islamic M-Seriesfail FTSE Shariah9.5% |
| PPH.JO Pepkor Holdings Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6098.HK Country Garden Services Holdings Co. Ltd. | NON_COMPLIANT | 0.06% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TGA.JO Thungela Resources Ltd. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CPLE3.SA Cia Paranaense de Energia - Copel | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Sime Darby Bhd. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| 1918.HK Sunac China Holdings Ltd. | NON_COMPLIANT | 0.05% | AAOIFI1661.5% Usmani23.8% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.8% MSCI Islamic M-Seriesfail FTSE Shariah23.8% |
| DQN.MX Daqo New Energy Corp. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TME Tencent Music Entertainment Group | NON_COMPLIANT | 0.05% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PETRONAS Chemicals Group Bhd | UNSCREENED | 0.05% | no in-house ratios for this holding |
| 0656.HK Fosun International Ltd. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TLEVISACPO.MX Grupo Televisa, S.A.B. | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Capitec Bank Holdings Ltd. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| UNTR.JK PT United Tractors Tbk | COMPLIANT | 0.05% | AAOIFI22.2% Usmani11.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic10.6% MSCI Islamic M-Seriesfail FTSE Shariah10.6% |
| MOMO Hello Group Inc. | NON_COMPLIANT | 0.04% | AAOIFI16.0% Usmani0.9% Dow Jones Islamic1.0% S&P Shariah1.0% MSCI Islamic0.9% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| Tianneng Power International Ltd. | UNSCREENED | 0.04% | no in-house ratios for this holding |
| 0552.HK China Communications Services Corp. Ltd. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 600015.SS HUA XIA BANK CO., Ltd. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| COPEC.SN Empresas Copec S.A. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0392.HK Beijing Enterprises Holdings Ltd. | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0881.HK Zhongsheng Group Holdings Ltd. | NON_COMPLIANT | 0.04% | AAOIFI398.4% Usmani38.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic33.4% MSCI Islamic M-Seriesfail FTSE Shariah33.4% |
| 2333.HK Great Wall Motor Co. Ltd. | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RDY Dr. Reddy's Laboratories Ltd. | COMPLIANT | 0.03% | AAOIFI1.0% Usmani1.8% Dow Jones Islamic0.9% S&P Shariah0.9% MSCI Islamic1.8% MSCI Islamic M-Series0.9% FTSE Shariah1.8% |
| Orbia Advance Corp. S.A.B. de CV | UNSCREENED | 0.03% | no in-house ratios for this holding |
| Empresas CMPC S.A. | UNSCREENED | 0.03% | no in-house ratios for this holding |
| CHDRAUIB.MX Grupo Comercial Chedraui, S.A.B. de C.V. | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TMCV.NS Tata Motors Ltd. | COMPLIANT | 0.03% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LU Lufax Holding Ltd. | NON_COMPLIANT | 0.03% | AAOIFI656.9% Usmani25.1% Dow Jones Islamic170.1% S&P Shariah212.8% MSCI Islamic25.1% MSCI Islamic M-Series212.8% FTSE Shariah25.1% |
| 6888.KL Axiata Group Bhd. | NON_COMPLIANT | 0.02% | AAOIFI103.3% Usmani37.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic33.9% MSCI Islamic M-Seriesfail FTSE Shariah33.9% |
| N/A | UNSCREENED | 0.02% | no in-house ratios for this holding |
| Genting Bhd. | UNSCREENED | 0.02% | no in-house ratios for this holding |
| SAP.JO Sappi Ltd. | NON_COMPLIANT | 0.02% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Enel Americas S.A. | UNSCREENED | 0.02% | no in-house ratios for this holding |
| VOYAH Automobile Technology Co. Ltd. | UNSCREENED | 0.01% | no in-house ratios for this holding |
| 1958.HK BAIC Motor Corp. Ltd. | NON_COMPLIANT | 0.01% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 3669.HK China Yongda Automobiles Services Holdings Ltd. | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RAJESHEXPO.NS Rajesh Exports Ltd. | NON_COMPLIANT | 0.00% | AAOIFI45.3% Usmani2.5% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic2.5% MSCI Islamic M-Seriesfail FTSE Shariah2.5% |
| E Media Holdings Ltd. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Neftyanaya Kompaniya Lukoyl | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Severstal | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Inter RAO YeES | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Aeroflot-Rossiyskiye Avialinii | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Mobilnyye Telesistemy | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Surgutneftegaz | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Novolipetskiy Metallurgicheskiy Kombinat | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Alrosa PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Novatek PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Neftyanaya Kompaniya Rosneft | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Aktsionernaya Finansovaya Korporatsiya Sistema | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Sberbank Rossii | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PJSC Magnit | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Bank VTB (PAO) | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Moskovskaya Birzha MMVB-RTS | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PJSC Gazprom | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PJSC Mining and Metallurgical Co. Norilsk Nickel | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Tatneft Imeni V.D. Shashina | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Surgutneftegaz | UNSCREENED | 0.00% | no in-house ratios for this holding |
| PAO Tatneft Imeni V.D. Shashina | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 10 points of portfolio weight — 29.6% of it passes Usmani, 19.8% passes MSCI Islamic M-Series. 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 25.5% ratios fail on 58.0% 19.3% not rated under AAOIFI
ratios pass on 29.6% ratios fail on 47.5% 25.6% not rated under Usmani
ratios pass on 21.2% ratios fail on 55.7% 25.8% not rated under Dow Jones Islamic
ratios pass on 23.3% ratios fail on 53.7% 25.8% not rated under S&P Shariah
ratios pass on 22.3% ratios fail on 54.9% 25.6% not rated under MSCI Islamic
ratios pass on 19.8% ratios fail on 57.1% 25.8% not rated under MSCI Islamic M-Series
ratios pass on 29.6% ratios fail on 47.6% 25.6% not rated under FTSE Shariah
312 of 381 listed holdings carry our own per-methodology verdicts (89% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 74 (29% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| 0939.HK China Construction Bank Corp. | 2.71% |
| 2317.TW Hon Hai Precision Industry Co., Ltd. | 2.57% |
| 1398.HK Industrial and Commercial Bank of China Ltd. | 1.96% |
| JD JD.com, Inc. | 1.86% |
| 3988.HK Bank of China Ltd. | 1.47% |
| 2318.HK Ping An Insurance (Group) Co. of China, Ltd. | 1.42% |
| 0386.HK China Petroleum & Chemical Corp. | 0.92% |
| 3968.HK China Merchants Bank Co., Ltd. | 0.80% |
| PETFF PTT PCL | 0.77% |
| ITUB Itau Unibanco Holding S.A. | 0.71% |
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 RAFI Emerging Markets ETF (PXH) 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 PXH — 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) | 40.00 | NEUTRAL |
| Stochastic %K (14) | 27.12 | NEUTRAL |
| CCI (20) | -68.82 | NEUTRAL |
| Williams %R (14) | -72.88 | NEUTRAL |
| MACD (12,26,9) | -0.10 | SELL |
| ROC (10) | -3.29 | SELL |
| Momentum (10) | -0.96 | SELL |
| EMA (10) | 28.34 | SELL |
| SMA (10) | 28.29 | SELL |
| EMA (20) | 28.65 | SELL |
| SMA (20) | 28.86 | SELL |
| EMA (30) | 28.81 | SELL |
| SMA (30) | 29.00 | SELL |
| EMA (50) | 28.89 | SELL |
| SMA (50) | 29.18 | SELL |
| EMA (100) | 28.67 | SELL |
| SMA (100) | 28.72 | SELL |
| EMA (200) | 27.85 | BUY |
| SMA (200) | 28.03 | BUY |
About Invesco RAFI Emerging Markets ETF
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index, as well as ADRs and GDRs that represent securities in the underlying index. The underlying index is is comprised of securities of companies located in countries that are classified as emerging markets within the country classification definition of FTSE. which is comprised of approximately 350 common stocks and is designed to track the performance of the largest emerging markets companies, as defined by the index provider.
Background via Yahoo Finance — informational, not part of the 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.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
| ⏰ 4H | BEARISH | 29 |
| 🕐 1H | RANGING | 98 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BULLISH | 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.