Verdicts genuinely change. Free email alert the moment TASCX'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.
Third Avenue Small-Cap Value Fund · Third Avenue Trust
34 holdings
NON-COMPLIANT 59.38% of portfolio weight is in non-compliant holdings, over the 5% threshold.
10.81% 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.
34 holdings, 30 matched (91% of weight). Portfolio as of 2026-07-31, filed 2026-09-22. Source: SEC Form N-PORT.
1.89% of this portfolio’s income is non-permissible — weighted across holdings, computed over 66% of portfolio weight (24 of 34 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.
27.6% compliant 3.4% questionable 59.4% non-compliant 8.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| DREYFUS TREASURY SECURITIES CASH MANAGEMENT | NON_COMPLIANT | 10.81% | no in-house ratios for this holding |
| ECPG ENCORE CAPITAL GROUP INC | NON_COMPLIANT | 5.60% | AAOIFI195.4% Usmani72.5% Dow Jones Islamic325.5% S&P Shariah339.1% MSCI Islamic72.5% MSCI Islamic M-Series339.1% FTSE Shariah72.5% |
| UMBF UMB FINANCIAL CORP | NON_COMPLIANT | 5.24% | AAOIFI5.5% Usmani0.8% Dow Jones Islamic7.5% S&P Shariah9.1% MSCI Islamic0.8% MSCI Islamic M-Series9.1% FTSE Shariah0.8% |
| PBF PBF ENERGY INC | NON_COMPLIANT | 4.48% | AAOIFI28.2% Usmani17.1% Dow Jones Islamic64.1% S&P Shariah58.0% MSCI Islamic16.9% MSCI Islamic M-Series58.0% FTSE Shariah11.9% |
| ICFI ICF INTERNATIONAL INC | NON_COMPLIANT | 3.78% | AAOIFI26.0% Usmani19.4% Dow Jones Islamic23.9% S&P Shariah20.1% MSCI Islamic19.4% MSCI Islamic M-Series20.1% FTSE Shariah19.4% |
| TDW TIDEWATER INC | COMPLIANT | 3.62% | AAOIFI13.9% Usmani27.6% Dow Jones Islamic21.4% S&P Shariah18.9% MSCI Islamic27.6% MSCI Islamic M-Series18.9% FTSE Shariah27.6% |
| PB PROSPERITY BANCSHARES INC | NON_COMPLIANT | 3.51% | AAOIFI24.6% Usmani4.9% Dow Jones Islamic31.8% S&P Shariah34.1% MSCI Islamic4.9% MSCI Islamic M-Series34.1% FTSE Shariah4.9% |
| OSG OCTAVE SPECIALTY GROUP INC | NON_COMPLIANT | 3.33% | AAOIFI69.7% Usmani6.8% Dow Jones Islamic41.5% S&P Shariah33.4% MSCI Islamic6.8% MSCI Islamic M-Series33.4% FTSE Shariah6.8% |
| COLL COLLEGIUM PHARMACEUTICAL INC | NON_COMPLIANT | 3.31% | AAOIFI31.8% Usmani11.4% Dow Jones Islamic21.9% S&P Shariah22.5% MSCI Islamic11.4% MSCI Islamic M-Series22.5% FTSE Shariah11.2% |
| SUPN SUPERNUS PHARMACEUTICALS INC | COMPLIANT | 3.22% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALG ALAMO GROUP INC | COMPLIANT | 3.18% | AAOIFI13.2% Usmani16.2% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic16.2% MSCI Islamic M-Series12.5% FTSE Shariah15.2% |
| ITIC INVESTORS TITLE CO INC | NON_COMPLIANT | 3.01% | AAOIFI1.5% Usmani2.3% Dow Jones Islamic1.9% S&P Shariah2.1% MSCI Islamic2.2% MSCI Islamic M-Series2.1% FTSE Shariah0.0% |
| BATRA ATLANTA BRAVES HOLDINGS INC | QUESTIONABLE | 2.80% | AAOIFI23.7% Usmani51.1% Dow Jones Islamic26.4% S&P Shariah27.3% MSCI Islamic45.6% MSCI Islamic M-Series27.3% FTSE Shariah45.6% |
| UNF UNIFIRST CORP | COMPLIANT | 2.80% | AAOIFI1.7% Usmani3.0% Dow Jones Islamic2.1% S&P Shariah2.2% MSCI Islamic3.0% MSCI Islamic M-Series2.2% FTSE Shariah0.0% |
| MAXIMUS INC | UNSCREENED | 2.78% | no in-house ratios for this holding |
| QLYS QUALYS INC | COMPLIANT | 2.69% | AAOIFI0.9% Usmani5.0% Dow Jones Islamic1.1% S&P Shariah1.0% MSCI Islamic5.0% MSCI Islamic M-Series1.0% FTSE Shariah0.0% |
| SD SANDRIDGE ENERGY INC | COMPLIANT | 2.58% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| RHI ROBERT HALF INC | COMPLIANT | 2.57% | AAOIFI6.0% Usmani8.4% Dow Jones Islamic6.0% S&P Shariah4.9% MSCI Islamic8.4% MSCI Islamic M-Series4.9% FTSE Shariah0.0% |
| CENTRAL SECURITIES CORP | UNSCREENED | 2.50% | no in-house ratios for this holding |
| FPH FIVE POINT HOLDINGS LLC | NON_COMPLIANT | 2.50% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| HOG HARLEY-DAVIDSON INC | NON_COMPLIANT | 2.46% | AAOIFI81.6% Usmani31.8% Dow Jones Islamic76.0% S&P Shariah65.7% MSCI Islamic31.8% MSCI Islamic M-Series65.7% FTSE Shariah30.9% |
| OCFC OCEANFIRST FINANCIAL CORP | NON_COMPLIANT | 2.29% | AAOIFI13.3% Usmani1.1% Dow Jones Islamic24.3% S&P Shariah26.2% MSCI Islamic1.1% MSCI Islamic M-Series26.2% FTSE Shariah1.1% |
| FLAGSTAR BANK NA | UNSCREENED | 2.26% | no in-house ratios for this holding |
| LXU LSB INDUSTRIES INC | NON_COMPLIANT | 2.21% | AAOIFI59.7% Usmani39.7% Dow Jones Islamic72.4% S&P Shariah73.8% MSCI Islamic39.7% MSCI Islamic M-Series73.8% FTSE Shariah36.0% |
| KALU KAISER ALUMINUM CORP | NON_COMPLIANT | 2.19% | AAOIFI39.7% Usmani36.7% Dow Jones Islamic65.1% S&P Shariah72.6% MSCI Islamic36.6% MSCI Islamic M-Series72.6% FTSE Shariah35.7% |
| BCC BOISE CASCADE COMPANY | COMPLIANT | 2.12% | AAOIFI18.2% Usmani16.2% Dow Jones Islamic14.6% S&P Shariah13.1% MSCI Islamic14.8% MSCI Islamic M-Series13.1% FTSE Shariah13.2% |
| MYRG MYR GROUP INC | COMPLIANT | 1.90% | AAOIFI1.5% Usmani4.0% Dow Jones Islamic1.9% S&P Shariah2.1% MSCI Islamic3.9% MSCI Islamic M-Series2.1% FTSE Shariah0.6% |
| CRAI CRA INTERNATIONAL INC | NON_COMPLIANT | 1.83% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SBSI SOUTHSIDE BANCSHARES INC | NON_COMPLIANT | 1.75% | AAOIFI21.2% Usmani2.4% Dow Jones Islamic23.2% S&P Shariah24.2% MSCI Islamic2.4% MSCI Islamic M-Series24.2% FTSE Shariah2.4% |
| SKY CHAMPION HOMES INC | COMPLIANT | 1.48% | AAOIFI1.1% Usmani2.4% Dow Jones Islamic1.1% S&P Shariah0.0% MSCI Islamic2.4% MSCI Islamic M-Series0.0% FTSE Shariah1.1% |
| ROG ROGERS CORP | COMPLIANT | 1.44% | AAOIFI0.9% Usmani2.1% Dow Jones Islamic1.2% S&P Shariah1.1% MSCI Islamic1.5% MSCI Islamic M-Series1.1% FTSE Shariah0.0% |
| FRPH FRP HOLDINGS INC | NON_COMPLIANT | 1.10% | AAOIFI49.5% Usmani28.2% Dow Jones Islamic43.2% S&P Shariah41.5% MSCI Islamic28.2% MSCI Islamic M-Series41.5% FTSE Shariah28.2% |
| COMPASS INC | UNSCREENED | 0.98% | no in-house ratios for this holding |
| BATRA ATLANTA BRAVES HOLDINGS INC | QUESTIONABLE | 0.60% | AAOIFI23.7% Usmani51.1% Dow Jones Islamic26.4% S&P Shariah27.3% MSCI Islamic45.6% MSCI Islamic M-Series27.3% FTSE Shariah45.6% |
The published standards disagree about this fund by 8 points of portfolio weight — 33.3% of it passes AAOIFI, 25.4% passes Dow Jones 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 33.3% ratios fail on 38.5% 27.1% not rated under AAOIFI
ratios pass on 32.3% ratios fail on 37.6% 29.0% not rated under Usmani
ratios pass on 25.4% ratios fail on 39.7% 33.8% not rated under Dow Jones Islamic
ratios pass on 25.4% ratios fail on 39.7% 33.8% not rated under S&P Shariah
ratios pass on 27.1% ratios fail on 44.8% 27.1% not rated under MSCI Islamic
ratios pass on 25.4% ratios fail on 39.7% 33.8% not rated under MSCI Islamic M-Series
ratios pass on 32.3% ratios fail on 37.6% 29.0% not rated under FTSE Shariah
28 of 34 listed holdings carry our own per-methodology verdicts (80% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 26 (75% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| DREYFUS TREASURY SECURITIES CASH MANAGEMENT | 10.81% |
| ECPG ENCORE CAPITAL GROUP INC | 5.60% |
| UMBF UMB FINANCIAL CORP | 5.24% |
| PBF PBF ENERGY INC | 4.48% |
| ICFI ICF INTERNATIONAL INC | 3.78% |
| PB PROSPERITY BANCSHARES INC | 3.51% |
| OSG OCTAVE SPECIALTY GROUP INC | 3.33% |
| COLL COLLEGIUM PHARMACEUTICAL INC | 3.31% |
| ITIC INVESTORS TITLE CO INC | 3.01% |
| FPH FIVE POINT HOLDINGS LLC | 2.50% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Third Avenue Small-Cap Value Fund (TASCX) 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 |
|---|---|---|
| DREYFUS TREASURY SECURITIES CASH MANAGEMENTnot matched to a ticker | 10.81% | Non-compliant |
| ECPGENCORE CAPITAL GROUP INC | 5.60% | Non-compliant |
| UMBFUMB FINANCIAL CORP | 5.24% | Non-compliant |
| PBFPBF ENERGY INC | 4.48% | Non-compliant |
| ICFIICF INTERNATIONAL INC | 3.78% | Non-compliant |
| TDWTIDEWATER INC | 3.62% | Compliant |
| PBPROSPERITY BANCSHARES INC | 3.51% | Non-compliant |
| OSGOCTAVE SPECIALTY GROUP INC | 3.33% | Non-compliant |
| COLLCOLLEGIUM PHARMACEUTICAL INC | 3.31% | Non-compliant |
| SUPNSUPERNUS PHARMACEUTICALS INC | 3.22% | Compliant |
Top 10 of 34 holdings, 46.9% 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 TASCX. 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 3 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) | 46.30 | NEUTRAL |
| Stochastic %K (14) | 81.25 | SELL |
| CCI (20) | 7.55 | NEUTRAL |
| Williams %R (14) | -18.75 | SELL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 0.85 | BUY |
| Momentum (10) | 0.21 | BUY |
| EMA (10) | 24.75 | BUY |
| SMA (10) | 24.64 | BUY |
| EMA (20) | 24.84 | SELL |
| SMA (20) | 24.77 | BUY |
| EMA (30) | 24.96 | SELL |
| SMA (30) | 25.02 | SELL |
| EMA (50) | 25.04 | SELL |
| SMA (50) | 25.35 | SELL |
| EMA (100) | 24.73 | BUY |
| SMA (100) | 24.97 | SELL |
| EMA (200) | 23.54 | BUY |
| SMA (200) | 23.70 | 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.