Verdicts genuinely change. Free email alert the moment RLZFX'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 Equity Franchise Portfolio · LAZARD FUNDS INC
31 holdings
NON-COMPLIANT 57.55% of portfolio weight is in non-compliant holdings, over the 5% threshold.
31 holdings, 30 matched (99% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
0.79% of this portfolio’s income is non-permissible — weighted across holdings, computed over 93% of portfolio weight (29 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.
36.9% compliant 4.1% questionable 57.6% non-compliant 1.3% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| HRB H&R Block Inc | NON_COMPLIANT | 6.55% | AAOIFI34.8% Usmani64.6% Dow Jones Islamic34.1% S&P Shariah33.8% MSCI Islamic64.6% MSCI Islamic M-Series33.8% FTSE Shariah45.8% |
| NEXI.MI Nexi SpA | NON_COMPLIANT | 6.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| FISV Fiserv Inc | NON_COMPLIANT | 6.16% | AAOIFI99.4% Usmani34.6% Dow Jones Islamic38.9% S&P Shariah36.9% MSCI Islamic34.6% MSCI Islamic M-Series36.9% FTSE Shariah34.5% |
| OMC Omnicom Group Inc | NON_COMPLIANT | 6.03% | AAOIFI50.5% Usmani22.5% Dow Jones Islamic63.9% S&P Shariah66.1% MSCI Islamic22.5% MSCI Islamic M-Series66.1% FTSE Shariah18.7% |
| BRSL Brightstar Lottery PLC | NON_COMPLIANT | 5.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FDJU.PA FDJ UNITED | NON_COMPLIANT | 5.69% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| XRAY DENTSPLY SIRONA Inc | NON_COMPLIANT | 4.92% | AAOIFI84.0% Usmani44.4% Dow Jones Islamic79.7% S&P Shariah58.9% MSCI Islamic44.4% MSCI Islamic M-Series58.9% FTSE Shariah42.7% |
| AUTO.L Autotrader Group PLC | COMPLIANT | 4.53% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BNZL.L Bunzl PLC | NON_COMPLIANT | 3.63% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HEN.DE Henkel AG & Co KGaA | COMPLIANT | 3.32% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| AFX.DE Carl Zeiss Meditec AG | COMPLIANT | 3.19% | AAOIFI4.8% Usmani7.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic3.9% MSCI Islamic M-Seriespass FTSE Shariah3.9% |
| ADBE Adobe Inc | COMPLIANT | 3.11% | AAOIFI4.5% Usmani22.6% Dow Jones Islamic4.6% S&P Shariah3.8% MSCI Islamic22.6% MSCI Islamic M-Series3.8% FTSE Shariah21.2% |
| V Visa Inc | COMPLIANT | 3.10% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| EFX Equifax Inc | COMPLIANT | 3.07% | AAOIFI27.1% Usmani45.6% Dow Jones Islamic19.8% S&P Shariah19.6% MSCI Islamic45.6% MSCI Islamic M-Series19.6% FTSE Shariah45.6% |
| VRSK Verisk Analytics Inc | QUESTIONABLE | 3.05% | AAOIFI18.2% Usmani101.0% Dow Jones Islamic13.7% S&P Shariah13.5% MSCI Islamic100.6% MSCI Islamic M-Series13.5% FTSE Shariah97.3% |
| EXPN.L Experian PLC | COMPLIANT | 3.04% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| CSL.AX CSL Ltd | COMPLIANT | 3.02% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| COLO-B.CO Coloplast A/S | COMPLIANT | 2.95% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DGE.L Diageo PLC | NON_COMPLIANT | 2.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EDEN.PA Edenred SE | NON_COMPLIANT | 2.73% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CTSH Cognizant Technology Solutions Corp | COMPLIANT | 2.62% | AAOIFI4.0% Usmani5.4% Dow Jones Islamic3.2% S&P Shariah3.2% MSCI Islamic5.3% MSCI Islamic M-Series3.2% FTSE Shariah2.8% |
| SESG.PA SES SA | NON_COMPLIANT | 2.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAP SAP SE | COMPLIANT | 2.01% | AAOIFI3.5% Usmani13.0% Dow Jones Islamic3.1% S&P Shariah3.4% MSCI Islamic10.6% MSCI Islamic M-Series3.4% FTSE Shariah10.6% |
| PAYX Paychex Inc | COMPLIANT | 1.99% | AAOIFI13.2% Usmani29.6% Dow Jones Islamic10.7% S&P Shariah11.0% MSCI Islamic29.6% MSCI Islamic M-Series11.0% FTSE Shariah29.1% |
| LAZARD GOVT MNY MMKT INS | UNSCREENED | 1.31% | no in-house ratios for this holding |
| HSIC Henry Schein Inc | NON_COMPLIANT | 1.11% | AAOIFI36.7% Usmani32.3% Dow Jones Islamic41.6% S&P Shariah41.0% MSCI Islamic32.3% MSCI Islamic M-Series41.0% FTSE Shariah29.2% |
| MSFT Microsoft Corp | QUESTIONABLE | 1.04% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| BDX Becton Dickinson & Co | NON_COMPLIANT | 1.03% | AAOIFI33.4% Usmani33.1% Dow Jones Islamic30.8% S&P Shariah28.7% MSCI Islamic33.1% MSCI Islamic M-Series28.7% FTSE Shariah33.1% |
| SVT.L Severn Trent PLC | NON_COMPLIANT | 1.00% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CPB Campbell's Company/The | NON_COMPLIANT | 0.99% | AAOIFI123.5% Usmani48.1% Dow Jones Islamic84.1% S&P Shariah75.7% MSCI Islamic47.6% MSCI Islamic M-Series75.7% FTSE Shariah45.6% |
| KRYAF Kerry Group PLC | COMPLIANT | 0.99% | AAOIFI19.7% Usmani25.3% Dow Jones Islamic20.6% S&P Shariah21.5% MSCI Islamic24.3% MSCI Islamic M-Series21.5% FTSE Shariah24.3% |
The published standards disagree about this fund by 15 points of portfolio weight — 43.5% of it passes FTSE Shariah, 28.5% passes Usmani. 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 41.0% ratios fail on 57.6% 1.3% not rated under AAOIFI
ratios pass on 28.5% ratios fail on 70.1% 1.3% not rated under Usmani
ratios pass on 42.1% ratios fail on 56.5% 1.3% not rated under Dow Jones Islamic
ratios pass on 42.1% ratios fail on 56.5% 1.3% not rated under S&P Shariah
ratios pass on 37.4% ratios fail on 61.2% 1.3% not rated under MSCI Islamic
ratios pass on 42.1% ratios fail on 56.5% 1.3% not rated under MSCI Islamic M-Series
ratios pass on 43.5% ratios fail on 55.1% 1.3% not rated under FTSE Shariah
30 of 31 listed holdings carry our own per-methodology verdicts (99% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 17 (51% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Lazard Equity Franchise Portfolio (RLZFX) 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 |
|---|---|---|
| HRBH&R Block Inc | 6.55% | Non-compliant |
| NEXI.MINexi SpA | 6.34% | Non-compliant |
| FISVFiserv Inc | 6.16% | Non-compliant |
| OMCOmnicom Group Inc | 6.03% | Non-compliant |
| BRSLBrightstar Lottery PLC | 5.96% | Non-compliant |
| FDJU.PAFDJ UNITED | 5.69% | Non-compliant |
| XRAYDENTSPLY SIRONA Inc | 4.92% | Non-compliant |
| AUTO.LAutotrader Group PLC | 4.53% | Compliant |
| BNZL.LBunzl PLC | 3.63% | Non-compliant |
| HEN.DEHenkel AG & Co KGaA | 3.32% | Compliant |
Top 10 of 31 holdings, 53.1% 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 RLZFX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
ℹ️ no compliance scan has run for 2 days - this is not a reading of today
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.