Verdicts genuinely change. Free email alert the moment RYLDX'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.
Dow 2x Strategy Fund · Rydex Dynamic Funds
36 holdings
NON-COMPLIANT 25.70% of portfolio weight is in non-compliant holdings, over the 5% threshold.
2.00% 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.
36 holdings, 31 matched (90% of weight). Portfolio as of 2026-06-30, filed 2026-08-28. Source: SEC Form N-PORT.
6.24% of this portfolio’s income is non-permissible — weighted across holdings, computed over 71% of portfolio weight (27 of 36 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.
36.3% compliant 8.7% questionable 25.7% non-compliant 8.0% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| CAT CATERPILLAR INC | COMPLIANT | 8.60% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GS GOLDMAN SACHS GROUP INC (THE) | NON_COMPLIANT | 8.17% | AAOIFI147.5% Usmani20.6% Dow Jones Islamic194.6% S&P Shariah229.2% MSCI Islamic20.6% MSCI Islamic M-Series229.2% FTSE Shariah20.6% |
| UNH UNITEDHEALTH GROUP INC | NON_COMPLIANT | 3.36% | AAOIFI20.4% Usmani23.7% Dow Jones Islamic20.4% S&P Shariah18.8% MSCI Islamic23.7% MSCI Islamic M-Series18.8% FTSE Shariah23.7% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 3.01% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| AMGN AMGEN INC | COMPLIANT | 2.92% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| GOOG ALPHABET INC | QUESTIONABLE | 2.89% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| HD HOME DEPOT INC (THE) | COMPLIANT | 2.85% | AAOIFI18.6% Usmani56.1% Dow Jones Islamic16.3% S&P Shariah17.0% MSCI Islamic53.3% MSCI Islamic M-Series17.0% FTSE Shariah44.5% |
| SHW SHERWIN-WILLIAMS COMPANY (THE) | COMPLIANT | 2.78% | AAOIFI18.0% Usmani52.7% Dow Jones Islamic16.6% S&P Shariah17.3% MSCI Islamic52.7% MSCI Islamic M-Series17.3% FTSE Shariah44.8% |
| V VISA INC | COMPLIANT | 2.77% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| AXP AMERICAN EXPRESS COMPANY | NON_COMPLIANT | 2.73% | AAOIFI26.8% Usmani19.2% Dow Jones Islamic27.4% S&P Shariah30.8% MSCI Islamic19.2% MSCI Islamic M-Series30.8% FTSE Shariah19.2% |
| TRV TRAVELERS COMPANIES INC (THE) | NON_COMPLIANT | 2.67% | AAOIFI11.8% Usmani6.3% Dow Jones Islamic14.9% S&P Shariah16.4% MSCI Islamic6.3% MSCI Islamic M-Series16.4% FTSE Shariah6.3% |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 2.64% | no in-house ratios for this holding |
| AAPL APPLE INC | COMPLIANT | 2.34% | AAOIFI2.1% Usmani21.5% Dow Jones Islamic2.2% S&P Shariah2.4% MSCI Islamic21.5% MSCI Islamic M-Series2.4% FTSE Shariah21.5% |
| IBM INTERNATIONAL BUSINESS MACHINES CORP | COMPLIANT | 2.27% | AAOIFI29.5% Usmani42.9% Dow Jones Islamic28.2% S&P Shariah32.2% MSCI Islamic42.9% MSCI Islamic M-Series32.2% FTSE Shariah40.8% |
| MCD MCDONALD'S CORP | NON_COMPLIANT | 2.18% | AAOIFI29.7% Usmani91.1% Dow Jones Islamic26.3% S&P Shariah27.2% MSCI Islamic91.1% MSCI Islamic M-Series27.2% FTSE Shariah66.5% |
| JNJ JOHNSON & JOHNSON | COMPLIANT | 2.05% | AAOIFI7.6% Usmani24.4% Dow Jones Islamic10.9% S&P Shariah11.7% MSCI Islamic24.4% MSCI Islamic M-Series11.7% FTSE Shariah24.4% |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | NON_COMPLIANT | 2.00% | no in-house ratios for this holding |
| AMZN AMAZON.COM INC | QUESTIONABLE | 1.92% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| BNP PARIBAS SECURITIES CORP. | UNSCREENED | 1.84% | no in-house ratios for this holding |
| HON HONEYWELL INTERNATIONAL INC | NON_COMPLIANT | 1.81% | AAOIFI52.6% Usmani45.3% Dow Jones Islamic26.8% S&P Shariah27.3% MSCI Islamic45.2% MSCI Islamic M-Series27.3% FTSE Shariah43.9% |
| BA BOEING COMPANY (THE) | NON_COMPLIANT | 1.75% | AAOIFI30.1% Usmani30.2% Dow Jones Islamic33.6% S&P Shariah36.0% MSCI Islamic30.2% MSCI Islamic M-Series36.0% FTSE Shariah30.2% |
| J.P. MORGAN SECURITIES LLC | UNSCREENED | 1.75% | no in-house ratios for this holding |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED | UNSCREENED | 1.75% | no in-house ratios for this holding |
| NVDA NVIDIA CORP | COMPLIANT | 1.62% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| CVX CHEVRON CORP | COMPLIANT | 1.34% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| MMM 3M COMPANY | COMPLIANT | 1.31% | AAOIFI15.2% Usmani37.7% Dow Jones Islamic16.6% S&P Shariah18.5% MSCI Islamic37.7% MSCI Islamic M-Series18.5% FTSE Shariah35.9% |
| CRM SALESFORCE INC | COMPLIANT | 1.26% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| PG PROCTER & GAMBLE COMPANY (THE) | COMPLIANT | 1.18% | AAOIFI8.9% Usmani23.9% Dow Jones Islamic8.5% S&P Shariah8.5% MSCI Islamic23.9% MSCI Islamic M-Series8.5% FTSE Shariah23.2% |
| MRK MERCK & COMPANY INC | COMPLIANT | 1.04% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| CSCO CISCO SYSTEMS INC | COMPLIANT | 0.95% | AAOIFI5.7% Usmani18.9% Dow Jones Islamic8.4% S&P Shariah9.5% MSCI Islamic18.9% MSCI Islamic M-Series9.5% FTSE Shariah17.6% |
| WMT WALMART INC | QUESTIONABLE | 0.91% | AAOIFI6.4% Usmani21.5% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic19.2% MSCI Islamic M-Series8.0% FTSE Shariah13.6% |
| DIS WALT DISNEY COMPANY (THE) | NON_COMPLIANT | 0.78% | AAOIFI25.4% Usmani22.5% Dow Jones Islamic24.6% S&P Shariah25.2% MSCI Islamic22.5% MSCI Islamic M-Series25.2% FTSE Shariah22.5% |
| KO COCA-COLA COMPANY (THE) | COMPLIANT | 0.66% | AAOIFI11.9% Usmani43.4% Dow Jones Islamic14.9% S&P Shariah15.9% MSCI Islamic43.4% MSCI Islamic M-Series15.9% FTSE Shariah41.8% |
| NKE NIKE INC | COMPLIANT | 0.33% | AAOIFI19.4% Usmani28.7% Dow Jones Islamic21.0% S&P Shariah18.2% MSCI Islamic28.7% MSCI Islamic M-Series18.2% FTSE Shariah20.7% |
| VXX BARCLAYS BANK PLC | NON_COMPLIANT | 0.26% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC. | UNSCREENED | 0.05% | no in-house ratios for this holding |
The published standards disagree about this fund by 16 points of portfolio weight — 40.3% of it passes Dow Jones Islamic, 24.0% 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 38.5% ratios fail on 17.4% 22.8% not rated under AAOIFI
ratios pass on 27.2% ratios fail on 28.7% 22.8% not rated under Usmani
ratios pass on 40.3% ratios fail on 15.6% 22.8% not rated under Dow Jones Islamic
ratios pass on 40.3% ratios fail on 15.6% 22.8% not rated under S&P Shariah
ratios pass on 24.0% ratios fail on 29.0% 25.7% not rated under MSCI Islamic
ratios pass on 40.3% ratios fail on 15.6% 22.8% not rated under MSCI Islamic M-Series
ratios pass on 27.2% ratios fail on 28.7% 22.8% not rated under FTSE Shariah
30 of 36 listed holdings carry our own per-methodology verdicts (69% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 27 (56% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| GS GOLDMAN SACHS GROUP INC (THE) | 8.17% |
| UNH UNITEDHEALTH GROUP INC | 3.36% |
| AXP AMERICAN EXPRESS COMPANY | 2.73% |
| TRV TRAVELERS COMPANIES INC (THE) | 2.67% |
| MCD MCDONALD'S CORP | 2.18% |
| DREYFUS TREASURY OBLIGATIONS CASH MANAGEMENT | 2.00% |
| HON HONEYWELL INTERNATIONAL INC | 1.81% |
| BA BOEING COMPANY (THE) | 1.75% |
| DIS WALT DISNEY COMPANY (THE) | 0.78% |
| VXX BARCLAYS BANK PLC | 0.26% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Dow 2x Strategy Fund (RYLDX) 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 |
|---|---|---|
| CATCATERPILLAR INC | 8.60% | Compliant |
| GSGOLDMAN SACHS GROUP INC (THE) | 8.17% | Non-compliant |
| UNHUNITEDHEALTH GROUP INC | 3.36% | Non-compliant |
| MSFTMICROSOFT CORP | 3.01% | Questionable |
| AMGNAMGEN INC | 2.92% | Compliant |
| GOOGALPHABET INC | 2.89% | Questionable |
| HDHOME DEPOT INC (THE) | 2.85% | Compliant |
| SHWSHERWIN-WILLIAMS COMPANY (THE) | 2.78% | Compliant |
| VVISA INC | 2.77% | Compliant |
| AXPAMERICAN EXPRESS COMPANY | 2.73% | Non-compliant |
Top 10 of 36 holdings, 40.1% 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 RYLDX. 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 4 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.
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.
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.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 51.30 | NEUTRAL |
| Stochastic %K (14) | 83.96 | SELL |
| CCI (20) | 94.69 | NEUTRAL |
| Williams %R (14) | -16.04 | SELL |
| MACD (12,26,9) | 1.20 | BUY |
| ROC (10) | 3.01 | BUY |
| Momentum (10) | 6.52 | BUY |
| EMA (10) | 220.89 | BUY |
| SMA (10) | 220.07 | BUY |
| EMA (20) | 221.31 | BUY |
| SMA (20) | 219.58 | BUY |
| EMA (30) | 222.70 | BUY |
| SMA (30) | 221.95 | BUY |
| EMA (50) | 224.43 | SELL |
| SMA (50) | 228.33 | SELL |
| EMA (100) | 223.01 | BUY |
| SMA (100) | 227.35 | SELL |
| EMA (200) | 214.31 | BUY |
| SMA (200) | 214.26 | BUY |
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.