Verdicts genuinely change. Free email alert the moment RLIQX'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.
Lazard International Equity Select Portfolio · LAZARD FUNDS INC
75 holdings
NON-COMPLIANT 34.54% of portfolio weight is in non-compliant holdings, over the 5% threshold.
75 holdings, 70 matched (96% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
7.30% of this portfolio’s income is non-permissible — weighted across holdings, computed over 84% of portfolio weight (61 of 75 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.
61.2% compliant 0.0% questionable 34.5% non-compliant 3.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 7.60% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| ASML ASML Holding NV | COMPLIANT | 4.17% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 3.90% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| SAN.MC Banco Santander SA | NON_COMPLIANT | 2.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 6861.T Keyence Corp | COMPLIANT | 2.01% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| AAL.L Anglo American PLC | COMPLIANT | 1.99% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 6098.T Recruit Holdings Co Ltd | COMPLIANT | 1.97% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| TPEIR.AT Piraeus Bank SA | NON_COMPLIANT | 1.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CPG.L Compass Group PLC | COMPLIANT | 1.80% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ABBNY ABB Ltd | COMPLIANT | 1.77% | AAOIFI6.4% Usmani22.0% Dow Jones Islamic7.0% S&P Shariah8.0% MSCI Islamic20.3% MSCI Islamic M-Series8.0% FTSE Shariah20.3% |
| ITUB3.SA Itau Unibanco Holding SA | NON_COMPLIANT | 1.75% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UL Unilever PLC | COMPLIANT | 1.73% | AAOIFI27.6% Usmani41.0% Dow Jones Islamic23.6% S&P Shariah24.9% MSCI Islamic39.2% MSCI Islamic M-Series24.9% FTSE Shariah39.2% |
| 8308.T Resona Holdings Inc | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RELX RELX PLC | COMPLIANT | 1.69% | AAOIFI16.2% Usmani49.2% Dow Jones Islamic12.5% S&P Shariah12.8% MSCI Islamic49.2% MSCI Islamic M-Series12.8% FTSE Shariah49.2% |
| CFR.SW Cie Financiere Richemont SA | COMPLIANT | 1.65% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 1.64% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ENGI.PA Engie SA | NON_COMPLIANT | 1.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| AON Aon PLC | NON_COMPLIANT | 1.56% | AAOIFI22.9% Usmani29.4% Dow Jones Islamic20.7% S&P Shariah21.9% MSCI Islamic29.4% MSCI Islamic M-Series21.9% FTSE Shariah28.1% |
| BVI.PA Bureau Veritas SA | COMPLIANT | 1.53% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Grupo Financiero Banorte SAB de CV | UNSCREENED | 1.50% | no in-house ratios for this holding |
| 7182.T Japan Post Bank Co Ltd | NON_COMPLIANT | 1.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SHEL Shell PLC | NON_COMPLIANT | 1.33% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| DSV.CO DSV A/S | NON_COMPLIANT | 1.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UCG.MI UniCredit SpA | NON_COMPLIANT | 1.30% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Hoya Corp | UNSCREENED | 1.29% | no in-house ratios for this holding |
| 1299.HK AIA Group Ltd | NON_COMPLIANT | 1.28% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TIH.TO Toromont Industries Ltd | COMPLIANT | 1.27% | AAOIFI5.2% Usmani16.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic15.6% MSCI Islamic M-Seriespass FTSE Shariah15.6% |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 1.26% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BG.VI BAWAG Group AG | NON_COMPLIANT | 1.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 5344.T Maruwa Co Ltd/Aichi | COMPLIANT | 1.23% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DIM.PA Sartorius Stedim Biotech | COMPLIANT | 1.22% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 4063.T Shin-Etsu Chemical Co Ltd | COMPLIANT | 1.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SSE.L SSE PLC | NON_COMPLIANT | 1.19% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 0669.HK Techtronic Industries Co Ltd | COMPLIANT | 1.17% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| EL.PA EssilorLuxottica SA | COMPLIANT | 1.16% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BHARTIARTL.BO Bharti Airtel Ltd | COMPLIANT | 1.15% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 1.14% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 6503.T Mitsubishi Electric Corp | COMPLIANT | 1.13% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AI.PA Air Liquide SA | COMPLIANT | 1.13% | AAOIFI12.7% Usmani28.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic26.2% MSCI Islamic M-Series— FTSE Shariah26.2% |
| ASX ASE Technology Holding Co Ltd | COMPLIANT | 1.12% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| IHG InterContinental Hotels Group PLC | NON_COMPLIANT | 1.12% | AAOIFI18.2% Usmani78.6% Dow Jones Islamic19.5% S&P Shariah21.3% MSCI Islamic78.6% MSCI Islamic M-Series21.3% FTSE Shariah78.6% |
| RR.L Rolls-Royce Holdings PLC | NON_COMPLIANT | 1.11% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DPLM.L Diploma PLC | COMPLIANT | 1.10% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| III.L 3i Group PLC | COMPLIANT | 1.08% | AAOIFI4.4% Usmani3.9% Dow Jones Islamic— S&P Shariah— MSCI Islamic3.9% MSCI Islamic M-Series— FTSE Shariah3.9% |
| DB1.DE Deutsche Boerse AG | NON_COMPLIANT | 1.08% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IMI.L IMI PLC | COMPLIANT | 1.08% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SU Suncor Energy Inc | COMPLIANT | 1.06% | AAOIFI13.4% Usmani21.2% Dow Jones Islamic19.8% S&P Shariah21.8% MSCI Islamic16.1% MSCI Islamic M-Series21.8% FTSE Shariah16.1% |
| EXPN.L Experian PLC | COMPLIANT | 1.06% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| LR.PA Legrand SA | COMPLIANT | 1.05% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 8697.T Japan Exchange Group Inc | NON_COMPLIANT | 1.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 105560.KS KB Financial Group Inc | NON_COMPLIANT | 1.01% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 0388.HK Hong Kong Exchanges & Clearing Ltd | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MTX.DE MTU Aero Engines AG | NON_COMPLIANT | 0.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ALV.DE Allianz SE | NON_COMPLIANT | 0.98% | AAOIFI20.8% Usmani3.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic3.4% MSCI Islamic M-Seriesfail FTSE Shariah3.4% |
| FEMSAUBD.MX Fomento Economico Mexicano SAB de CV | NON_COMPLIANT | 0.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AZN AstraZeneca PLC | COMPLIANT | 0.94% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 268A.T Rigaku Holdings Corp | COMPLIANT | 0.93% | AAOIFI16.8% Usmani37.1% Dow Jones Islamic— S&P Shariah— MSCI Islamic33.6% MSCI Islamic M-Series— FTSE Shariah33.6% |
| BMDPF Banca Monte dei Paschi di Siena SpA | NON_COMPLIANT | 0.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 7269.T Suzuki Motor Corp | NON_COMPLIANT | 0.91% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ADDYY adidas AG | COMPLIANT | 0.86% | AAOIFI21.3% Usmani41.8% Dow Jones Islamic34.7% S&P Shariah34.7% MSCI Islamic27.4% MSCI Islamic M-Series34.7% FTSE Shariah27.4% |
| MRK.DE Merck KGaA | COMPLIANT | 0.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LTMC.MI Lottomatica Group Spa | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UMG.AS Universal Music Group NV | COMPLIANT | 0.79% | AAOIFI13.5% Usmani22.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic19.5% MSCI Islamic M-Seriespass FTSE Shariah19.5% |
| ITX.MC Industria de Diseno Textil SA | COMPLIANT | 0.78% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 6361.T Ebara Corp | COMPLIANT | 0.75% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HEXA-B.ST Hexagon AB | COMPLIANT | 0.71% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| NSIS-B.CO Novonesis Novozymes B | COMPLIANT | 0.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 2331.HK Li Ning Co Ltd | NON_COMPLIANT | 0.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RI.PA Pernod Ricard SA | NON_COMPLIANT | 0.56% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HLMA.L Halma PLC | COMPLIANT | 0.55% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| Nitori Holdings Co Ltd | UNSCREENED | 0.54% | no in-house ratios for this holding |
| BABA Alibaba Group Holding Ltd | COMPLIANT | 0.54% | AAOIFI7.6% Usmani1.1% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic1.1% MSCI Islamic M-Series0.2% FTSE Shariah0.0% |
| Shenzhen Mindray Bio-Medical Electronics Co Ltd | UNSCREENED | 0.38% | no in-house ratios for this holding |
| LAZARD GOVT MNY MMKT INS | UNSCREENED | 0.23% | no in-house ratios for this holding |
| GLOB Globant SA | NON_COMPLIANT | 0.20% | AAOIFI23.1% Usmani11.1% Dow Jones Islamic8.3% S&P Shariah6.3% MSCI Islamic11.1% MSCI Islamic M-Series6.3% FTSE Shariah11.1% |
The published standards disagree about this fund by 26 points of portfolio weight — 59.9% of it passes AAOIFI, 33.7% 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 59.9% ratios fail on 33.8% 6.0% not rated under AAOIFI
ratios pass on 35.0% ratios fail on 56.5% 8.2% not rated under Usmani
ratios pass on 53.4% ratios fail on 34.7% 11.5% not rated under Dow Jones Islamic
ratios pass on 55.0% ratios fail on 33.2% 11.5% not rated under S&P Shariah
ratios pass on 33.7% ratios fail on 56.5% 9.5% not rated under MSCI Islamic
ratios pass on 53.4% ratios fail on 34.7% 11.5% not rated under MSCI Islamic M-Series
ratios pass on 36.2% ratios fail on 54.0% 9.5% not rated under FTSE Shariah
70 of 75 listed holdings carry our own per-methodology verdicts (96% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 19 (34% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| SAN.MC Banco Santander SA | 2.32% |
| TPEIR.AT Piraeus Bank SA | 1.96% |
| ITUB3.SA Itau Unibanco Holding SA | 1.75% |
| 8308.T Resona Holdings Inc | 1.72% |
| ENGI.PA Engie SA | 1.62% |
| AON Aon PLC | 1.56% |
| 7182.T Japan Post Bank Co Ltd | 1.34% |
| SHEL Shell PLC | 1.33% |
| DSV.CO DSV A/S | 1.32% |
| UCG.MI UniCredit SpA | 1.30% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Lazard International Equity Select Portfolio (RLIQX) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A holding it cannot cover far enough is reported as unrated rather than counted as a pass.
| Holding | Weight | Verdict |
|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Co Ltd | 7.60% | Compliant |
| ASMLASML Holding NV | 4.17% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 3.90% | Compliant |
| SAN.MCBanco Santander SA | 2.32% | Non-compliant |
| 6861.TKeyence Corp | 2.01% | Compliant |
| AAL.LAnglo American PLC | 1.99% | Compliant |
| 6098.TRecruit Holdings Co Ltd | 1.97% | Compliant |
| TPEIR.ATPiraeus Bank SA | 1.96% | Non-compliant |
| CPG.LCompass Group PLC | 1.80% | Compliant |
| ABBNYABB Ltd | 1.77% | Compliant |
Top 10 of 75 holdings, 29.5% of the fund by weight. Every holding is screened, not only these.
The positions keeping this fund short of 100% compliant by weight.
Verdict history for RLIQX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.