RKNGETF / FundDefiance Retail Kings ETF
Verdicts genuinely change. Free email alert the moment RKNG'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.
Defiance Retail Kings ETF · ETF Series Solutions
31 holdings
NON-COMPLIANT 14.79% of portfolio weight is in non-compliant holdings, over the 5% threshold.
31 holdings, 26 matched (86% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
2.03% of this portfolio’s income is non-permissible — weighted across holdings, computed over 73% of portfolio weight (22 of 31 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.
68.0% compliant 3.2% questionable 14.8% non-compliant 14.0% unscreened
All holdings (31)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| BB BlackBerry Ltd | COMPLIANT | 4.51% | AAOIFI2.9% Usmani17.5% Dow Jones Islamic7.7% S&P Shariah8.9% MSCI Islamic17.5% MSCI Islamic M-Series8.9% FTSE Shariah15.6% |
| Nebius Group NV | UNSCREENED | 3.90% | no in-house ratios for this holding |
| MU Micron Technology Inc | COMPLIANT | 3.87% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| SNDK Sandisk Corp | COMPLIANT | 3.82% | AAOIFI0.1% Usmani0.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| BE Bloom Energy Corp | COMPLIANT | 3.81% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| WDC Western Digital Corp | COMPLIANT | 3.75% | AAOIFI0.9% Usmani8.6% Dow Jones Islamic1.6% S&P Shariah2.1% MSCI Islamic8.6% MSCI Islamic M-Series2.1% FTSE Shariah7.6% |
| AMD Advanced Micro Devices Inc | COMPLIANT | 3.74% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| INTC Intel Corp | COMPLIANT | 3.69% | AAOIFI9.2% Usmani25.0% Dow Jones Islamic23.9% S&P Shariah26.3% MSCI Islamic25.0% MSCI Islamic M-Series26.3% FTSE Shariah25.0% |
| VRT Vertiv Holdings Co | COMPLIANT | 3.61% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.5% S&P Shariah5.7% MSCI Islamic19.0% MSCI Islamic M-Series5.7% FTSE Shariah18.5% |
| DELL Dell Technologies Inc | COMPLIANT | 3.56% | AAOIFI10.2% Usmani27.7% Dow Jones Islamic30.9% S&P Shariah36.3% MSCI Islamic27.7% MSCI Islamic M-Series36.3% FTSE Shariah27.1% |
| PL Planet Labs PBC | COMPLIANT | 3.49% | AAOIFI0.8% Usmani3.5% Dow Jones Islamic1.0% S&P Shariah1.4% MSCI Islamic3.5% MSCI Islamic M-Series1.4% FTSE Shariah0.0% |
| OPEN Opendoor Technologies Inc | NON_COMPLIANT | 3.41% | AAOIFI0.3% Usmani0.3% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic0.3% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| CRML Critical Metals Corp | COMPLIANT | 3.39% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SiTime Corp | UNSCREENED | 3.34% | no in-house ratios for this holding |
| Cipher Digital Inc | UNSCREENED | 3.28% | no in-house ratios for this holding |
| RKLB Rocket Lab Corp | COMPLIANT | 3.27% | AAOIFI0.3% Usmani2.9% Dow Jones Islamic0.4% S&P Shariah0.6% MSCI Islamic2.5% MSCI Islamic M-Series0.6% FTSE Shariah0.0% |
| GOOG Alphabet Inc | QUESTIONABLE | 3.25% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| Energy Fuels Inc/Canada | UNSCREENED | 3.16% | no in-house ratios for this holding |
| FPS Forgent Power Solutions Inc | COMPLIANT | 3.11% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| WULF Terawulf Inc | NON_COMPLIANT | 3.11% | AAOIFI35.4% Usmani38.9% Dow Jones Islamic65.9% S&P Shariah91.8% MSCI Islamic38.9% MSCI Islamic M-Series91.8% FTSE Shariah38.6% |
| DOCN DigitalOcean Holdings Inc | COMPLIANT | 3.03% | AAOIFI9.5% Usmani58.0% Dow Jones Islamic23.7% S&P Shariah28.5% MSCI Islamic44.8% MSCI Islamic M-Series28.5% FTSE Shariah29.5% |
| LITE Lumentum Holdings Inc | COMPLIANT | 3.00% | AAOIFI1.9% Usmani22.9% Dow Jones Islamic6.7% S&P Shariah9.4% MSCI Islamic22.9% MSCI Islamic M-Series9.4% FTSE Shariah22.4% |
| NOKIA.HE Nokia Oyj | COMPLIANT | 2.94% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| VIAV Viavi Solutions Inc | COMPLIANT | 2.92% | AAOIFI11.3% Usmani41.5% Dow Jones Islamic24.0% S&P Shariah29.9% MSCI Islamic41.5% MSCI Islamic M-Series29.9% FTSE Shariah40.0% |
| AEHR Aehr Test Systems | COMPLIANT | 2.92% | AAOIFI— Usmanifail Dow Jones Islamic— S&P Shariah— MSCI Islamicfail MSCI Islamic M-Series— FTSE Shariahfail |
| AAOI Applied Optoelectronics Inc | COMPLIANT | 2.90% | AAOIFI1.5% Usmani6.0% Dow Jones Islamic3.5% S&P Shariah5.0% MSCI Islamic6.0% MSCI Islamic M-Series5.0% FTSE Shariah2.6% |
| ONDS Ondas Inc | NON_COMPLIANT | 2.89% | AAOIFI0.8% Usmani1.2% Dow Jones Islamic1.9% S&P Shariah2.8% MSCI Islamic1.2% MSCI Islamic M-Series2.8% FTSE Shariah0.1% |
| APLD Applied Digital Corp | NON_COMPLIANT | 2.87% | AAOIFI1.0% Usmani0.9% Dow Jones Islamic1.1% S&P Shariah1.5% MSCI Islamic0.5% MSCI Islamic M-Series1.5% FTSE Shariah0.0% |
| BMNR BitMine Immersion Technologies | COMPLIANT | 2.71% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic— S&P Shariah— MSCI Islamic0.0% MSCI Islamic M-Series— FTSE Shariah0.0% |
| IREN IREN Ltd | NON_COMPLIANT | 2.51% | AAOIFI48.9% Usmani49.6% Dow Jones Islamic83.7% S&P Shariah114.2% MSCI Islamic48.1% MSCI Islamic M-Series114.2% FTSE Shariah48.1% |
| First American Government Obli | UNSCREENED | 0.30% | no in-house ratios for this holding |
The published standards disagree about this fund by 40 points of portfolio weight — 54.3% of it passes AAOIFI, 13.9% 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 54.3% ratios fail on 14.8% 31.0% not rated under AAOIFI
ratios pass on 42.1% ratios fail on 23.7% 34.3% not rated under Usmani
ratios pass on 51.6% ratios fail on 11.4% 37.1% not rated under Dow Jones Islamic
ratios pass on 48.0% ratios fail on 14.9% 37.1% not rated under S&P Shariah
ratios pass on 13.9% ratios fail on 45.8% 40.3% not rated under MSCI Islamic
ratios pass on 48.0% ratios fail on 18.4% 33.7% not rated under MSCI Islamic M-Series
ratios pass on 38.5% ratios fail on 24.5% 37.0% not rated under FTSE Shariah
26 of 31 listed holdings carry our own per-methodology verdicts (86% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 21 (70% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
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.
Defiance Retail Kings ETF (RKNG) 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 RKNG — 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) | 37.10 | NEUTRAL |
| Stochastic %K (14) | 0.59 | BUY |
| CCI (20) | -98.88 | NEUTRAL |
| Williams %R (14) | -99.41 | BUY |
| MACD (12,26,9) | -0.11 | SELL |
| ROC (10) | -2.50 | SELL |
| Momentum (10) | -0.52 | SELL |
| EMA (10) | 21.69 | SELL |
| SMA (10) | 21.41 | SELL |
| EMA (20) | 22.33 | SELL |
| SMA (20) | 22.74 | SELL |
| EMA (30) | 22.73 | SELL |
| SMA (30) | 23.53 | SELL |
| EMA (50) | 23.16 | SELL |
| SMA (50) | 23.29 | SELL |
| EMA (100) | 23.42 | SELL |
| SMA (100) | 24.09 | SELL |
| EMA (200) | 23.59 | SELL |
About Defiance Retail Kings ETF
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in equity securities, including American depositary receipts (“ADRs”), of “Retail Kings. Under normal market conditions, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in equity securities of Retail Kings companies. It is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
No real edge — avoid
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 | RANGING | 43 |
| ⏱ 15-Min | BULLISH | 30 |
| ⏲ 5-Min | BEARISH | 91 |
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.