PXINXETF / FundImpax International Sustainable Economy Fund
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Impax International Sustainable Economy Fund · IMPAX FUNDS SERIES TRUST I
145 holdings
NON-COMPLIANT 45.81% of portfolio weight is in non-compliant holdings, over the 5% threshold.
0.97% 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.
145 holdings, 129 matched (95% of weight). Portfolio as of 2026-06-30, filed 2026-08-19. Source: SEC Form N-PORT.
4.89% of this portfolio’s income is non-permissible — weighted across holdings, computed over 77% of portfolio weight (102 of 145 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.
48.5% compliant 0.0% questionable 45.8% non-compliant 5.1% unscreened
All holdings (145)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| ASML ASML Holding NV | COMPLIANT | 4.20% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| HSBA.L HSBC Holdings plc | NON_COMPLIANT | 2.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NVS Novartis AG | COMPLIANT | 2.42% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| SIEMENS.NS Siemens AG | COMPLIANT | 2.17% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ABBNY ABB Ltd. | COMPLIANT | 1.99% | AAOIFI6.4% Usmani22.0% Dow Jones Islamic7.0% S&P Shariah8.0% MSCI Islamic20.3% MSCI Islamic M-Series8.0% FTSE Shariah20.3% |
| 8035.T Tokyo Electron Ltd. | COMPLIANT | 1.95% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SU.PA Schneider Electric SE | COMPLIANT | 1.95% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IBE.MC Iberdrola SA | NON_COMPLIANT | 1.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6758.T Sony Group Corp. | COMPLIANT | 1.80% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| IFX.DE Infineon Technologies AG | COMPLIANT | 1.76% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 1.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6098.T Recruit Holdings Co. Ltd. | COMPLIANT | 1.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CS.PA AXA SA | NON_COMPLIANT | 1.59% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ENEL.MI Enel SpA | NON_COMPLIANT | 1.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6501.T Hitachi Ltd. | COMPLIANT | 1.52% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| G.MI Generali | NON_COMPLIANT | 1.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 4568.T Daiichi Sankyo Co. Ltd. | COMPLIANT | 1.39% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6857.T Advantest Corp. | COMPLIANT | 1.35% | AAOIFIpass Usmani— Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| U11.SI United Overseas Bank Ltd. | NON_COMPLIANT | 1.33% | AAOIFI65.6% Usmani7.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic7.9% MSCI Islamic M-Seriesfail FTSE Shariah7.9% |
| 9433.T KDDI Corp. | NON_COMPLIANT | 1.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ISP.MI Intesa Sanpaolo SpA | NON_COMPLIANT | 1.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 4452.T Kao Corp. | COMPLIANT | 1.22% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| QBE.AX QBE Insurance Group Ltd. | NON_COMPLIANT | 1.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6981.T Murata Manufacturing Co. Ltd. | COMPLIANT | 1.16% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SREN.SW Swiss Re AG | NON_COMPLIANT | 1.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GSK GSK plc | COMPLIANT | 1.12% | AAOIFI19.2% Usmani23.6% Dow Jones Islamic10.6% S&P Shariah11.2% MSCI Islamic23.6% MSCI Islamic M-Series11.2% FTSE Shariah23.6% |
| AV.L Aviva plc | NON_COMPLIANT | 1.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALPMY Astellas Pharma, Inc. | COMPLIANT | 1.08% | AAOIFI13.1% Usmani15.9% Dow Jones Islamic16.5% S&P Shariah16.9% MSCI Islamic15.9% MSCI Islamic M-Series16.9% FTSE Shariah15.9% |
| 6702.T Fujitsu Ltd. | COMPLIANT | 1.07% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALV.DE Allianz SE | NON_COMPLIANT | 1.05% | AAOIFI20.8% Usmani3.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.4% MSCI Islamic M-Seriesfail FTSE Shariah3.4% |
| 7794.T EDP SA | COMPLIANT | 1.05% | AAOIFI3.0% Usmani19.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.3% MSCI Islamic M-Seriespass FTSE Shariah19.3% |
| VOD.L Vodafone Group plc | NON_COMPLIANT | 1.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NG.L National Grid plc | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6701.T NEC Corp. | COMPLIANT | 0.97% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| JPMorgan U.S. Treasury Plus Money Market Fund | NON_COMPLIANT | 0.97% | no in-house ratios for this holding |
| Teva Pharmaceutical Industries Ltd. | UNSCREENED | 0.97% | no in-house ratios for this holding |
| RELX RELX plc | COMPLIANT | 0.95% | AAOIFI16.2% Usmani49.2% Dow Jones Islamic12.5% S&P Shariah12.8% MSCI Islamic49.2% MSCI Islamic M-Series12.8% FTSE Shariah49.2% |
| ANZ.AX ANZ Group Holdings Ltd. | NON_COMPLIANT | 0.95% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9434.T SoftBank Corp. | NON_COMPLIANT | 0.94% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KBC.BR KBC Group NV | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Muenchener Rueckversicherungs-Gesellschaft AG | UNSCREENED | 0.91% | no in-house ratios for this holding |
| 1299.HK AIA Group Ltd. | NON_COMPLIANT | 0.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BPE.MI BPER Banca SpA | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SSE.L SSE plc | NON_COMPLIANT | 0.88% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NHY.OL Norsk Hydro ASA | COMPLIANT | 0.86% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CA.PA Carrefour SA | NON_COMPLIANT | 0.86% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Brambles Ltd. | UNSCREENED | 0.85% | no in-house ratios for this holding |
| ACA.PA Credit Agricole SA | NON_COMPLIANT | 0.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALL.AX Aristocrat Leisure Ltd. | NON_COMPLIANT | 0.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ENR.DE Siemens Energy AG | COMPLIANT | 0.83% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| WKL.AS Wolters Kluwer NV | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| OR.PA L'Oreal SA | COMPLIANT | 0.81% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LOGN.SW Logitech International SA | COMPLIANT | 0.79% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LR.PA Legrand SA | COMPLIANT | 0.78% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TSCO.L Tesco plc | NON_COMPLIANT | 0.77% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MBG.DE Mercedes-Benz Group AG | NON_COMPLIANT | 0.71% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| HOLN.SW Holcim AG | COMPLIANT | 0.68% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Orsted A/S | UNSCREENED | 0.66% | no in-house ratios for this holding |
| UU.L United Utilities Group plc | NON_COMPLIANT | 0.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AZN AstraZeneca plc | COMPLIANT | 0.63% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| CBA.AX Commonwealth Bank of Australia | NON_COMPLIANT | 0.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NOVO-B.CO Novo Nordisk A/S | COMPLIANT | 0.62% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SOON.SW Sonova Holding AG | COMPLIANT | 0.61% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Dassault Systemes SE | UNSCREENED | 0.58% | no in-house ratios for this holding |
| SAMPO.HE Sampo OYJ | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DGE.L Diageo plc | NON_COMPLIANT | 0.58% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| G1A.DE GEA Group AG | COMPLIANT | 0.57% | AAOIFI2.3% Usmani8.1% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.1% MSCI Islamic M-Seriespass FTSE Shariah4.1% |
| AD.AS Koninklijke Ahold Delhaize NV | NON_COMPLIANT | 0.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MRK.DE Merck KGaA | COMPLIANT | 0.50% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ELE.MC Endesa SA | COMPLIANT | 0.50% | AAOIFI26.3% Usmani31.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic29.1% MSCI Islamic M-Seriesfail FTSE Shariah29.1% |
| ZURN.SW Zurich Insurance Group AG | NON_COMPLIANT | 0.49% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RKT.L Reckitt Benckiser Group plc | COMPLIANT | 0.49% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 6841.T Yokogawa Electric Corp. | COMPLIANT | 0.48% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| NOKIA.HE Nokia OYJ | COMPLIANT | 0.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CABK.MC CaixaBank SA | NON_COMPLIANT | 0.46% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6752.T Panasonic Holdings Corp. | COMPLIANT | 0.45% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6383.T Daifuku Co. Ltd. | COMPLIANT | 0.45% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 0388.HK Hong Kong Exchanges & Clearing Ltd. | NON_COMPLIANT | 0.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BTRW.L Barratt Redrow plc | COMPLIANT | 0.41% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 8411.T Mizuho Financial Group, Inc. | NON_COMPLIANT | 0.40% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SIKA.SW Sika AG | COMPLIANT | 0.39% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Coles Group Ltd. | UNSCREENED | 0.39% | no in-house ratios for this holding |
| ING ING Groep NV | NON_COMPLIANT | 0.38% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| 8630.T Sompo Holdings, Inc. | NON_COMPLIANT | 0.38% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| URW.PA Unibail-Rodamco-Westfield | NON_COMPLIANT | 0.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GMG.AX Goodman Group | NON_COMPLIANT | 0.37% | AAOIFI10.2% Usmani18.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic18.2% MSCI Islamic M-Seriesfail FTSE Shariah18.2% |
| LGEN.L Legal & General Group plc | NON_COMPLIANT | 0.37% | AAOIFIfail Usmani— Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SGSN.SW SGS SA | COMPLIANT | 0.36% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TLS.AX Telstra Group Ltd. | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8306.T Mitsubishi UFJ Financial Group, Inc. | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AI.PA Air Liquide SA | COMPLIANT | 0.33% | AAOIFI12.7% Usmani28.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic26.2% MSCI Islamic M-Series— FTSE Shariah26.2% |
| 8766.T Tokio Marine Holdings, Inc. | NON_COMPLIANT | 0.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAN.MC Banco Santander SA | NON_COMPLIANT | 0.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 9984.T SoftBank Group Corp. | NON_COMPLIANT | 0.32% | AAOIFI78.8% Usmani43.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic42.2% MSCI Islamic M-Seriesfail FTSE Shariah42.2% |
| III.L 3i Group plc | COMPLIANT | 0.31% | AAOIFI4.4% Usmani3.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic3.9% MSCI Islamic M-Series— FTSE Shariah3.9% |
| CSL.AX CSL Ltd. | COMPLIANT | 0.31% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CHGCY Chugai Pharmaceutical Co. Ltd. | COMPLIANT | 0.31% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| EXPN.L Experian plc | COMPLIANT | 0.31% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 0066.HK MTR Corp. Ltd. | NON_COMPLIANT | 0.30% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Telecom Italia SpA | UNSCREENED | 0.30% | no in-house ratios for this holding |
| TRYG.CO Tryg A/S | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8802.T Mitsubishi Estate Co. Ltd. | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EBS.VI Erste Group Bank AG | NON_COMPLIANT | 0.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ANA.MC Acciona SA | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SDR.L Schroders plc | NON_COMPLIANT | 0.25% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 8604.T Nomura Holdings, Inc. | NON_COMPLIANT | 0.23% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SUN.AX Suncorp Group Ltd. | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BIRG.IR Bank of Ireland Group plc | NON_COMPLIANT | 0.22% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SGRO.L Segro plc | NON_COMPLIANT | 0.21% | AAOIFI43.5% Usmani31.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic30.8% MSCI Islamic M-Seriesfail FTSE Shariah30.8% |
| RMS.PA Hermes International SCA | COMPLIANT | 0.21% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 4204.T Sekisui Chemical Co. Ltd. | COMPLIANT | 0.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASMIY ASM International NV | COMPLIANT | 0.21% | AAOIFI0.0% Usmani0.5% Dow Jones Islamic0.0% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.3% |
| 6954.T FANUC Corp. | COMPLIANT | 0.21% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BBVA.MC Banco Bilbao Vizcaya Argentaria SA | NON_COMPLIANT | 0.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Fisher & Paykel Healthcare Corp. Ltd. | UNSCREENED | 0.21% | no in-house ratios for this holding |
| D05.SI DBS Group Holdings Ltd. | NON_COMPLIANT | 0.21% | AAOIFI33.5% Usmani8.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.4% MSCI Islamic M-Seriesfail FTSE Shariah8.4% |
| A5G.IR AIB Group plc | NON_COMPLIANT | 0.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7203.T Toyota Motor Corp. | NON_COMPLIANT | 0.21% | AAOIFI117.9% Usmani41.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic40.9% MSCI Islamic M-Seriesfail FTSE Shariah40.9% |
| SBRY.L J Sainsbury plc | NON_COMPLIANT | 0.20% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 1812.T Kajima Corp. | NON_COMPLIANT | 0.20% | AAOIFI37.2% Usmani23.0% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic23.0% MSCI Islamic M-Seriesfail FTSE Shariah23.0% |
| AUTO.L Autotrader Group plc | COMPLIANT | 0.19% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6723.T Renesas Electronics Corp. | COMPLIANT | 0.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ACS.MC ACS Actividades de Construccion y Servicios SA | NON_COMPLIANT | 0.19% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| E.ON SE | UNSCREENED | 0.19% | no in-house ratios for this holding |
| 4502.T Takeda Pharmaceutical Co. Ltd. | NON_COMPLIANT | 0.19% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 4307.T Nomura Research Institute Ltd. | COMPLIANT | 0.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SCG.AX Scentre Group | NON_COMPLIANT | 0.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UCG.MI UniCredit SpA | NON_COMPLIANT | 0.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SHB-A.ST Svenska Handelsbanken AB | NON_COMPLIANT | 0.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RO.SW Roche Holding AG | COMPLIANT | 0.17% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAB.MC Banco de Sabadell SA | NON_COMPLIANT | 0.17% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5802.T Sumitomo Electric Industries Ltd. | COMPLIANT | 0.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASSA-B.ST Assa Abloy AB | COMPLIANT | 0.17% | AAOIFI17.4% Usmani34.5% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic31.4% MSCI Islamic M-Seriespass FTSE Shariah31.4% |
| 1802.T Obayashi Corp. | COMPLIANT | 0.16% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6988.T Nitto Denko Corp. | COMPLIANT | 0.16% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| WBC.AX Westpac Banking Corp. | NON_COMPLIANT | 0.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5108.T Bridgestone Corp. | COMPLIANT | 0.15% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Pound Sterling | UNSCREENED | 0.01% | no in-house ratios for this holding |
| Yen | UNSCREENED | 0.01% | no in-house ratios for this holding |
| ACS.MC ACS Actividades de Construccion y Servicios SA | NON_COMPLIANT | 0.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Norwegian Krone | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Swiss Franc | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Swedish Krona | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Danish Krone | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 47.8% of it passes AAOIFI, 31.8% 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 47.8% ratios fail on 44.8% 6.7% not rated under AAOIFI
ratios pass on 41.2% ratios fail on 49.7% 8.4% not rated under Usmani
ratios pass on 44.5% ratios fail on 45.1% 9.7% not rated under Dow Jones Islamic
ratios pass on 44.1% ratios fail on 45.5% 9.7% not rated under S&P Shariah
ratios pass on 31.8% ratios fail on 58.2% 9.4% not rated under MSCI Islamic
ratios pass on 44.1% ratios fail on 45.5% 9.7% not rated under MSCI Islamic M-Series
ratios pass on 40.9% ratios fail on 49.1% 9.4% not rated under FTSE Shariah
127 of 145 listed holdings carry our own per-methodology verdicts (93% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 22 (19% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| HSBA.L HSBC Holdings plc | 2.64% |
| IBE.MC Iberdrola SA | 1.86% |
| BNP.PA BNP Paribas SA | 1.73% |
| CS.PA AXA SA | 1.59% |
| ENEL.MI Enel SpA | 1.56% |
| G.MI Generali | 1.41% |
| U11.SI United Overseas Bank Ltd. | 1.33% |
| 9433.T KDDI Corp. | 1.28% |
| ISP.MI Intesa Sanpaolo SpA | 1.25% |
| QBE.AX QBE Insurance Group Ltd. | 1.21% |
Trade setup
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Impax International Sustainable Economy Fund (PXINX) 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 |
|---|---|---|
| ASMLASML Holding NV | 4.20% | Compliant |
| HSBA.LHSBC Holdings plc | 2.64% | Non-compliant |
| NVSNovartis AG | 2.42% | Compliant |
| SIEMENS.NSSiemens AG | 2.17% | Compliant |
| ABBNYABB Ltd. | 1.99% | Compliant |
| 8035.TTokyo Electron Ltd. | 1.95% | Compliant |
| SU.PASchneider Electric SE | 1.95% | Compliant |
| IBE.MCIberdrola SA | 1.86% | Non-compliant |
| 6758.TSony Group Corp. | 1.80% | Compliant |
| IFX.DEInfineon Technologies AG | 1.76% | Compliant |
Top 10 of 145 holdings, 22.7% 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.
- HSBA.Lnon-compliant2.64%
- IBE.MCnon-compliant1.86%
- BNP.PAnon-compliant1.73%
- CS.PAnon-compliant1.59%
- ENEL.MInon-compliant1.56%
- G.MInon-compliant1.41%
What changed, and when
Verdict history for PXINX. 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 PXINX has been recorded since tracking began. The scan ledger records that the compliance detectors ran, not which symbols each pass covered.
ℹ️ no compliance scan has run for 6 days - this is not a reading of today
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.
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) | 45.20 | NEUTRAL |
| Stochastic %K (14) | 21.05 | NEUTRAL |
| CCI (20) | -57.60 | NEUTRAL |
| Williams %R (14) | -78.95 | NEUTRAL |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | -0.44 | SELL |
| Momentum (10) | -0.06 | SELL |
| EMA (10) | 13.72 | SELL |
| SMA (10) | 13.72 | SELL |
| EMA (20) | 13.75 | SELL |
| SMA (20) | 13.72 | SELL |
| EMA (30) | 13.78 | SELL |
| SMA (30) | 13.78 | SELL |
| EMA (50) | 13.81 | SELL |
| SMA (50) | 13.90 | SELL |
| EMA (100) | 13.71 | SELL |
| SMA (100) | 13.82 | SELL |
| EMA (200) | 13.29 | BUY |
| SMA (200) | 13.34 | BUY |
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.