SHLDETF / FundGlobal X Defense Tech ETF
Verdicts genuinely change. Free email alert the moment SHLD'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.
Global X Defense Tech ETF ETF · GLOBAL X FUNDS
57 holdings · as of 2026-08-31 (2.0 months ago)
This fund holds short positions, so exposure is counted gross — long and short both count as exposure rather than netting off, and the weights below therefore sum to 101% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 66.41% of portfolio weight is in non-compliant holdings, over the 5% threshold.
57 holdings, 38 matched (82% of weight). Portfolio as of 2026-08-31, filed 2026-10-29. Source: SEC Form N-PORT.
1.05% of this portfolio’s income is non-permissible — weighted across holdings, computed over 82% of portfolio weight (35 of 57 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.
6.1% compliant 10.7% questionable 65.6% non-compliant 17.6% unscreened
All holdings (57)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| PLTR PALANTIR TECHNOLOGIES INC. | QUESTIONABLE | 10.80% | AAOIFI0.1% Usmani1.8% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.8% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| RTX RTX CORPORATION | NON_COMPLIANT | 9.31% | AAOIFI12.5% Usmani19.3% Dow Jones Islamic15.9% S&P Shariah18.5% MSCI Islamic19.3% MSCI Islamic M-Series18.5% FTSE Shariah18.4% |
| GD GENERAL DYNAMICS CORPORATION | NON_COMPLIANT | 8.59% | AAOIFI10.3% Usmani17.4% Dow Jones Islamic11.7% S&P Shariah12.4% MSCI Islamic16.8% MSCI Islamic M-Series12.4% FTSE Shariah13.7% |
| LMT LOCKHEED MARTIN CORPORATION | NON_COMPLIANT | 8.34% | AAOIFI16.6% Usmani32.9% Dow Jones Islamic17.6% S&P Shariah18.2% MSCI Islamic32.9% MSCI Islamic M-Series18.2% FTSE Shariah32.9% |
| NOC Northrop Grumman Corporation | NON_COMPLIANT | 7.71% | AAOIFI23.3% Usmani33.6% Dow Jones Islamic21.9% S&P Shariah23.0% MSCI Islamic33.6% MSCI Islamic M-Series23.0% FTSE Shariah29.9% |
| BA.L BAE SYSTEMS PLC | NON_COMPLIANT | 4.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Rheinmetall Aktiengesellschaft | UNSCREENED | 4.04% | no in-house ratios for this holding |
| 012450.KS HANWHA AEROSPACE CO., LTD. | NON_COMPLIANT | 3.81% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LHX L3HARRIS TECHNOLOGIES, INC. | NON_COMPLIANT | 3.80% | AAOIFI20.0% Usmani22.2% Dow Jones Islamic19.0% S&P Shariah20.8% MSCI Islamic22.2% MSCI Islamic M-Series20.8% FTSE Shariah22.2% |
| HO.PA THALES SA | NON_COMPLIANT | 3.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SAAB Aktiebolag | UNSCREENED | 3.58% | no in-house ratios for this holding |
| LEONARDO - SOCIETA PER AZIONI | UNSCREENED | 3.54% | no in-house ratios for this holding |
| ESLT.TA ELBIT SYSTEMS LTD | NON_COMPLIANT | 2.84% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LDOS LEIDOS HOLDINGS, INC. | NON_COMPLIANT | 2.56% | AAOIFI39.5% Usmani42.1% Dow Jones Islamic32.6% S&P Shariah34.8% MSCI Islamic42.1% MSCI Islamic M-Series34.8% FTSE Shariah38.6% |
| KOG.OL KONGSBERG GRUPPEN ASA | NON_COMPLIANT | 2.05% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BWX TECHNOLOGIES, INC. | UNSCREENED | 2.03% | no in-house ratios for this holding |
| HII HUNTINGTON INGALLS INDUSTRIES, INC. | NON_COMPLIANT | 1.67% | AAOIFI25.6% Usmani23.1% Dow Jones Islamic27.0% S&P Shariah28.2% MSCI Islamic23.1% MSCI Islamic M-Series28.2% FTSE Shariah21.3% |
| MOG-A MOOG INC. | COMPLIANT | 1.52% | AAOIFI8.3% Usmani24.0% Dow Jones Islamic12.5% S&P Shariah14.4% MSCI Islamic20.4% MSCI Islamic M-Series14.4% FTSE Shariah19.0% |
| KTOS KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | COMPLIANT | 1.38% | AAOIFI0.6% Usmani4.7% Dow Jones Islamic0.6% S&P Shariah0.8% MSCI Islamic1.3% MSCI Islamic M-Series0.8% FTSE Shariah0.0% |
| BAB.L BABCOCK INTERNATIONAL GROUP PLC | COMPLIANT | 0.97% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| 047810.KS KOREA AEROSPACE INDUSTRIES, LTD. | NON_COMPLIANT | 0.92% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 079550.KS LIG Defense&Aerospace Co., Ltd | NON_COMPLIANT | 0.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HAG.DE Hensoldt AG | NON_COMPLIANT | 0.89% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AM.PA DASSAULT AVIATION SA | NON_COMPLIANT | 0.83% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AEROVIRONMENT, INC. | UNSCREENED | 0.82% | no in-house ratios for this holding |
| PL PLANET LABS PBC | COMPLIANT | 0.80% | AAOIFI0.8% Usmani3.5% Dow Jones Islamic1.0% S&P Shariah1.4% MSCI Islamic3.5% MSCI Islamic M-Series1.4% FTSE Shariah0.0% |
| MERCURY SYSTEMS, INC. | UNSCREENED | 0.76% | no in-house ratios for this holding |
| PSN PARSONS CORPORATION | COMPLIANT | 0.75% | AAOIFI33.0% Usmani28.0% Dow Jones Islamic21.7% S&P Shariah21.1% MSCI Islamic27.9% MSCI Islamic M-Series21.1% FTSE Shariah25.2% |
| ASELS.IS ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI | NON_COMPLIANT | 0.65% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AMENTUM HOLDINGS, INC. | UNSCREENED | 0.58% | no in-house ratios for this holding |
| HANWHA SYSTEMS Co., Ltd. | UNSCREENED | 0.58% | no in-house ratios for this holding |
| KRMN KARMAN HOLDINGS INC. | NON_COMPLIANT | 0.56% | AAOIFI0.5% Usmani8.6% Dow Jones Islamic0.3% S&P Shariahpass MSCI Islamic1.5% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| OSIS OSI SYSTEMS, INC. | NON_COMPLIANT | 0.48% | AAOIFI32.2% Usmani42.0% Dow Jones Islamic28.5% S&P Shariah32.8% MSCI Islamic42.0% MSCI Islamic M-Series32.8% FTSE Shariah40.0% |
| CSG.AS CSG NV | NON_COMPLIANT | 0.47% | AAOIFI22.8% Usmani44.7% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic44.7% MSCI Islamic M-Seriesfail FTSE Shariah44.7% |
| QQ.L QINETIQ GROUP PLC | NON_COMPLIANT | 0.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TKMS.F TKMS AG & Co KgaA | NON_COMPLIANT | 0.37% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CITADEL SECURITIES LLC | UNSCREENED | 0.31% | no in-house ratios for this holding |
| BOFA SECURITIES INC | UNSCREENED | 0.29% | no in-house ratios for this holding |
| DAIWA CAPITAL MARKETS AMERICA INC | UNSCREENED | 0.29% | no in-house ratios for this holding |
| RBC DOMINION SECURITIES INC | UNSCREENED | 0.29% | no in-house ratios for this holding |
| CHG.L CHEMRING GROUP PLC | NON_COMPLIANT | 0.29% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VOYAGER TECHNOLOGIES, INC. | UNSCREENED | 0.25% | no in-house ratios for this holding |
| BBAI BIGBEAR.AI HOLDINGS, INC. | NON_COMPLIANT | 0.22% | AAOIFI1.6% Usmani2.7% Dow Jones Islamic1.4% S&P Shariah1.9% MSCI Islamic2.7% MSCI Islamic M-Series1.9% FTSE Shariah2.0% |
| EXA.PA EXAIL TECHNOLOGIES SA | COMPLIANT | 0.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| BITTI.HE Bittium Oyj | COMPLIANT | 0.19% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| RED CAT HOLDINGS, INC. | UNSCREENED | 0.17% | no in-house ratios for this holding |
| EOS.AX Electro Optic Systems Holdings Limited | NON_COMPLIANT | 0.16% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| KRKNF Kraken Robotics Inc. | COMPLIANT | 0.16% | AAOIFI2.0% Usmani16.7% Dow Jones Islamic2.2% S&P Shariah3.0% MSCI Islamic12.2% MSCI Islamic M-Series3.0% FTSE Shariah12.2% |
| DRO.AX DroneShield Limited | COMPLIANT | 0.16% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| YSS York Space Systems Inc | NON_COMPLIANT | 0.14% | AAOIFI8.8% Usmani8.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic8.6% MSCI Islamic M-Series— FTSE Shariah7.1% |
| BKSY BLACKSKY TECHNOLOGY INC. | COMPLIANT | 0.10% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| Elsight Ltd | UNSCREENED | 0.10% | no in-house ratios for this holding |
| ASB.AX AUSTAL LIMITED | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| CITIGROUP GLOBAL MARKETS INC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| NOMURA SECURITIES INTERNATIONAL INC | UNSCREENED | 0.06% | no in-house ratios for this holding |
| ARYT INDUSTRIES LTD. | UNSCREENED | 0.05% | no in-house ratios for this holding |
| DAIWA CAPITAL MARKETS AMERICA INC | UNSCREENED | 0.02% | no in-house ratios for this holding |
The published standards disagree about this fund by 13 points of portfolio weight — 47.6% of it passes Dow Jones Islamic, 34.2% 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 45.4% ratios fail on 38.0% 17.9% not rated under AAOIFI
ratios pass on 35.7% ratios fail on 47.5% 18.1% not rated under Usmani
ratios pass on 47.6% ratios fail on 34.0% 19.6% not rated under Dow Jones Islamic
ratios pass on 44.9% ratios fail on 36.8% 19.6% not rated under S&P Shariah
ratios pass on 34.2% ratios fail on 47.5% 19.6% not rated under MSCI Islamic
ratios pass on 44.9% ratios fail on 36.8% 19.6% not rated under MSCI Islamic M-Series
ratios pass on 42.9% ratios fail on 38.8% 19.6% not rated under FTSE Shariah
38 of 57 listed holdings carry our own per-methodology verdicts (83% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 18 (59% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RTX RTX CORPORATION | 9.31% |
| GD GENERAL DYNAMICS CORPORATION | 8.59% |
| LMT LOCKHEED MARTIN CORPORATION | 8.34% |
| NOC Northrop Grumman Corporation | 7.71% |
| BA.L BAE SYSTEMS PLC | 4.62% |
| 012450.KS HANWHA AEROSPACE CO., LTD. | 3.81% |
| LHX L3HARRIS TECHNOLOGIES, INC. | 3.80% |
| HO.PA THALES SA | 3.72% |
| ESLT.TA ELBIT SYSTEMS LTD | 2.84% |
| LDOS LEIDOS HOLDINGS, INC. | 2.56% |
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.
Global X Defense Tech ETF (SHLD) 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 SHLD — 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) | 72.70 | SELL |
| Stochastic %K (14) | 97.12 | SELL |
| CCI (20) | 189.90 | SELL |
| Williams %R (14) | -2.88 | SELL |
| MACD (12,26,9) | 0.57 | BUY |
| ROC (10) | 7.16 | BUY |
| Momentum (10) | 4.34 | BUY |
| EMA (10) | 62.65 | BUY |
| SMA (10) | 62.44 | BUY |
| EMA (20) | 61.99 | BUY |
| SMA (20) | 61.12 | BUY |
| EMA (30) | 61.98 | BUY |
| SMA (30) | 61.24 | BUY |
| EMA (50) | 62.37 | BUY |
| SMA (50) | 62.42 | BUY |
| EMA (100) | 63.44 | BUY |
| SMA (100) | 62.99 | BUY |
| EMA (200) | 65.70 | SELL |
| SMA (200) | 67.23 | SELL |
About Global X Defense Tech ETF
The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the Global X Defense Tech Index, which may include common stocks, American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs") based on the securities in the underlying index. The underlying index is owned and was developed by Global X Management Company LLC, an affiliate of the fund and the fund's investment adviser. The fund is non-diversified.
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 | BULLISH | 43 |
| ⏰ 4H | BULLISH | 40 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BEARISH | 130 |
| ⏲ 5-Min | BULLISH | 234 |
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.