RNEMETF / FundEmerging Markets Equity Select ETF
Verdicts genuinely change. Free email alert the moment RNEM'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.
Emerging Markets Equity Select ETF · First Trust Exchange-Traded Fund VI
299 holdings · as of 2026-06-30 (3.8 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.
NON-COMPLIANT 47.43% of portfolio weight is in non-compliant holdings, over the 5% threshold.
299 holdings, 207 matched (78% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
10.53% of this portfolio’s income is non-permissible — weighted across holdings, computed over 60% of portfolio weight (152 of 299 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.
31.1% compliant 0.0% questionable 47.4% non-compliant 21.6% unscreened
All holdings (299) · showing 251–299
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| WHL.JO WOOLWORTHS HOLDINGS LTD | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TAVHL.IS TAV HAVALIMANLARI HOLDING AS | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURK HAVA YOLLARI AO (TURKISH AIRLINES) | UNSCREENED | 0.05% | no in-house ratios for this holding |
| PPH.JO PEPKOR HOLDINGS LTD | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BFT.WA BENEFIT SYSTEMS SA | COMPLIANT | 0.05% | AAOIFIpass Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2688.HK ENN ENERGY HOLDINGS LTD | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| MR D.I.Y. GROUP M BHD | UNSCREENED | 0.05% | no in-house ratios for this holding |
| OYAKC.IS OYAK CIMENTO FABRIKALARI AS | NON_COMPLIANT | 0.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MNRIF MINOR INTERNATIONAL PCL | NON_COMPLIANT | 0.04% | AAOIFI157.1% Usmani77.3% Dow Jones Islamic0.2% S&P Shariah0.3% MSCI Islamic52.0% MSCI Islamic M-Series0.3% FTSE Shariah52.0% |
| HOME PRODUCT CENTER PCL | UNSCREENED | 0.04% | no in-house ratios for this holding |
| SIME DARBY BHD | UNSCREENED | 0.04% | no in-house ratios for this holding |
| ACP.WA ASSECO POLAND SA | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahpass |
| FROTO.IS FORD OTOMOTIV SANAYI AS | NON_COMPLIANT | 0.04% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BDX.WA BUDIMEX SA | COMPLIANT | 0.03% | AAOIFI2.5% Usmani8.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic5.4% MSCI Islamic M-Seriespass FTSE Shariah5.4% |
| EREGL.IS EREGLI DEMIR VE CELIK FABRIKALARI TAS | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BRPT.JK BARITO PACIFIC TBK PT | NON_COMPLIANT | 0.03% | AAOIFI84.8% Usmani49.2% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic46.7% MSCI Islamic M-Seriesfail FTSE Shariah46.7% |
| OPL.WA ORANGE POLSKA SA | NON_COMPLIANT | 0.03% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| ALAMTRI RESOURCES TBK PT | UNSCREENED | 0.03% | no in-house ratios for this holding |
| RUENTEX DEVELOPMENT CO LTD | UNSCREENED | 0.03% | no in-house ratios for this holding |
| PETROSEA TBK PT | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MDKA.JK MERDEKA COPPER GOLD TBK PT | NON_COMPLIANT | 0.03% | AAOIFI51.1% Usmani37.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic36.1% MSCI Islamic M-Seriesfail FTSE Shariah36.1% |
| INCO.JK VALE INDONESIA TBK PT | COMPLIANT | 0.03% | AAOIFI0.1% Usmani0.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.1% MSCI Islamic M-Seriespass FTSE Shariah0.1% |
| UNTR.JK UNITED TRACTORS TBK PT | COMPLIANT | 0.03% | AAOIFI22.2% Usmani11.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic10.6% MSCI Islamic M-Seriesfail FTSE Shariah10.6% |
| ANEKA TAMBANG TBK PT | UNSCREENED | 0.03% | no in-house ratios for this holding |
| TURK ALTIN ISLETMELERI AS | UNSCREENED | 0.03% | no in-house ratios for this holding |
| ADARO ANDALAN INDONESIA TBK PT | UNSCREENED | 0.03% | no in-house ratios for this holding |
| INKP.JK INDAH KIAT PULP & PAPER TBK PT | NON_COMPLIANT | 0.03% | AAOIFI160.2% Usmani38.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic38.2% MSCI Islamic M-Seriesfail FTSE Shariah38.2% |
| BRMS.JK BUMI RESOURCES MINERALS TBK PT | COMPLIANT | 0.02% | AAOIFI3.3% Usmani15.0% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic14.5% MSCI Islamic M-Seriespass FTSE Shariah14.5% |
| MERDEKA BATTERY MATERIALS TBK PT | UNSCREENED | 0.02% | no in-house ratios for this holding |
| BUMI.JK BUMI RESOURCES TBK PT | COMPLIANT | 0.02% | AAOIFI9.8% Usmani13.2% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic10.3% MSCI Islamic M-Seriespass FTSE Shariah10.3% |
| GUBRF.IS GUBRE FABRIKALARI TAS | COMPLIANT | 0.02% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PGAS.JK PERUSAHAAN GAS NEGARA (PERSERO) TBK PT | NON_COMPLIANT | 0.02% | AAOIFI52.0% Usmani23.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic17.6% MSCI Islamic M-Seriesfail FTSE Shariah17.6% |
| ENJSA.IS ENERJISA ENERJI AS | NON_COMPLIANT | 0.01% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| YTL POWER INTERNATIONAL BHD | UNSCREENED | 0.01% | no in-house ratios for this holding |
| YTL CORP BHD | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MOSCOW EXCHANGE MICEX-RTS OJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| POLYUS PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| ALROSA PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MMC NORILSK NICKEL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| INTER RAO UES JSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| NOVOLIPETSK STEEL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| CREDIT BANK OF MOSCOW PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SEVERSTAL PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| TATNEFT PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MAGNITOGORSK IRON & STEEL WORKS PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| X5 RETAIL GROUP NV | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MAGNIT PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| SISTEMA PJSFC | UNSCREENED | 0.00% | no in-house ratios for this holding |
| MOBILE TELESYSTEMS PJSC | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 11 points of portfolio weight — 30.1% of it passes AAOIFI, 19.5% 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 30.1% ratios fail on 47.4% 22.6% not rated under AAOIFI
ratios pass on 25.8% ratios fail on 47.4% 26.9% not rated under Usmani
ratios pass on 26.5% ratios fail on 48.2% 25.4% not rated under Dow Jones Islamic
ratios pass on 26.6% ratios fail on 48.1% 25.4% not rated under S&P Shariah
ratios pass on 19.5% ratios fail on 55.4% 25.2% not rated under MSCI Islamic
ratios pass on 26.6% ratios fail on 48.1% 25.4% not rated under MSCI Islamic M-Series
ratios pass on 27.8% ratios fail on 47.2% 25.2% not rated under FTSE Shariah
207 of 299 listed holdings carry our own per-methodology verdicts (79% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 45 (9% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ICICIBANK.NS ICICI BANK LTD | 1.91% |
| KOTAKBANK.NS KOTAK MAHINDRA BANK LTD | 1.86% |
| HDFCBANK.NS HDFC BANK LTD | 1.82% |
| SBILIFE.NS SBI LIFE INSURANCE CO LTD | 1.66% |
| HDFCLIFE.NS HDFC LIFE INSURANCE CO LTD | 1.63% |
| PETR3.SA PETROLEO BRASILEIRO SA | 1.49% |
| 0788.HK CHINA TOWER CORP LTD | 1.45% |
| 3320.HK CHINA RESOURCES PHARMACEUTICAL GROUP LTD | 1.40% |
| 1402.TW FAR EASTERN NEW CENTURY CORP | 1.33% |
| 1101.TW TCC GROUP HOLDINGS CO LTD | 1.29% |
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.
Emerging Markets Equity Select ETF (RNEM) 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 RNEM — 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
Not enough completed daily bars to compute pivots.
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) | 52.50 | NEUTRAL |
| Stochastic %K (14) | 62.58 | NEUTRAL |
| CCI (20) | 44.85 | NEUTRAL |
| Williams %R (14) | -37.42 | NEUTRAL |
| MACD (12,26,9) | 0.08 | BUY |
| ROC (10) | 0.90 | BUY |
| Momentum (10) | 0.50 | BUY |
| EMA (10) | 56.43 | SELL |
| SMA (10) | 56.57 | SELL |
| EMA (20) | 56.22 | BUY |
| SMA (20) | 55.92 | BUY |
| EMA (30) | 56.11 | BUY |
| SMA (30) | 55.91 | BUY |
| EMA (50) | 55.98 | BUY |
| SMA (50) | 56.02 | BUY |
| EMA (100) | 55.68 | BUY |
| SMA (100) | 55.52 | BUY |
| EMA (200) | 55.33 | BUY |
| SMA (200) | 55.34 | BUY |
About Emerging Markets Equity Select ETF
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any investment borrowings) in the securities that comprise the index. The Base index is a float adjusted market capitalization index designed to track the performance of securities in the index that comprise the Large Mid-cap segment of securities in countries which are designated as Emerging Markets.
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 |
| ⏱ 15-Min | BULLISH | 24 |
| ⏲ 5-Min | BULLISH | 72 |
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 2026-10-20 · Asset managers net 901377 (-14458)
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.