Verdicts genuinely change. Free email alert the moment TEDRX'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.
Franklin Mutual Global Discovery Fund · Franklin Mutual Series Funds
72 holdings
NON-COMPLIANT 51.97% of portfolio weight is in non-compliant holdings, over the 5% threshold.
0.11% 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.
72 holdings, 57 matched (93% of weight). Portfolio as of 2026-06-30, filed 2026-08-27. Source: SEC Form N-PORT.
1.55% of this portfolio’s income is non-permissible — weighted across holdings, computed over 77% of portfolio weight (47 of 72 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.
35.4% compliant 6.0% questionable 52.0% non-compliant 6.5% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| MSFT Microsoft Corp. | QUESTIONABLE | 2.97% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| MRK Merck & Co., Inc. | COMPLIANT | 2.65% | AAOIFI14.7% Usmani41.5% Dow Jones Islamic21.8% S&P Shariah20.9% MSCI Islamic41.5% MSCI Islamic M-Series20.9% FTSE Shariah41.5% |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 2.64% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| RO.SW Roche Holding AG | COMPLIANT | 2.34% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| EOG EOG Resources, Inc. | COMPLIANT | 2.24% | AAOIFI10.8% Usmani15.1% Dow Jones Islamic12.6% S&P Shariah12.5% MSCI Islamic15.1% MSCI Islamic M-Series12.5% FTSE Shariah14.5% |
| BATS.L British American Tobacco plc | NON_COMPLIANT | 2.20% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BAC Bank of America Corp. | NON_COMPLIANT | 2.20% | AAOIFI77.5% Usmani9.7% Dow Jones Islamic95.9% S&P Shariah105.7% MSCI Islamic9.7% MSCI Islamic M-Series105.7% FTSE Shariah9.7% |
| AJG Arthur J Gallagher & Co. | NON_COMPLIANT | 2.10% | AAOIFI21.0% Usmani17.2% Dow Jones Islamic20.7% S&P Shariah22.4% MSCI Islamic17.2% MSCI Islamic M-Series22.4% FTSE Shariah16.6% |
| AIR.PA Airbus SE | NON_COMPLIANT | 2.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AerCap Holdings NV | UNSCREENED | 2.09% | no in-house ratios for this holding |
| NVS Novartis AG | COMPLIANT | 2.07% | AAOIFI12.5% Usmani25.9% Dow Jones Islamic11.8% S&P Shariah12.6% MSCI Islamic25.9% MSCI Islamic M-Series12.6% FTSE Shariah25.9% |
| ABT Abbott Laboratories | COMPLIANT | 2.05% | AAOIFI19.2% Usmani31.9% Dow Jones Islamic17.6% S&P Shariah18.3% MSCI Islamic31.9% MSCI Islamic M-Series18.3% FTSE Shariah30.8% |
| ELV Elevance Health, Inc. | NON_COMPLIANT | 2.05% | AAOIFI35.1% Usmani24.6% Dow Jones Islamic37.4% S&P Shariah33.5% MSCI Islamic24.6% MSCI Islamic M-Series33.5% FTSE Shariah24.6% |
| D05.SI DBS Group Holdings Ltd. | NON_COMPLIANT | 1.94% | AAOIFI33.5% Usmani8.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.4% MSCI Islamic M-Seriesfail FTSE Shariah8.4% |
| RKT.L Reckitt Benckiser Group plc | COMPLIANT | 1.92% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| BP.L BP plc | NON_COMPLIANT | 1.90% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| PPG PPG Industries, Inc. | COMPLIANT | 1.88% | AAOIFI31.6% Usmani34.8% Dow Jones Islamic30.9% S&P Shariah29.1% MSCI Islamic34.7% MSCI Islamic M-Series29.1% FTSE Shariah32.1% |
| HSBA.L HSBC Holdings plc | NON_COMPLIANT | 1.86% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HEIA.AS Heineken NV | NON_COMPLIANT | 1.85% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SHEL Shell plc | NON_COMPLIANT | 1.79% | AAOIFI38.4% Usmani20.4% Dow Jones Islamic17.6% S&P Shariah18.0% MSCI Islamic20.4% MSCI Islamic M-Series18.0% FTSE Shariah20.4% |
| WFC Wells Fargo & Co. | NON_COMPLIANT | 1.78% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| BN.PA Danone SA | NON_COMPLIANT | 1.76% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| IP International Paper Co. | NON_COMPLIANT | 1.74% | AAOIFI50.2% Usmani27.3% Dow Jones Islamic47.6% S&P Shariah55.5% MSCI Islamic27.1% MSCI Islamic M-Series55.5% FTSE Shariah25.2% |
| DTE.DE Deutsche Telekom AG | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| PRU.L Prudential plc | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| UNP Union Pacific Corp. | COMPLIANT | 1.69% | AAOIFI18.2% Usmani43.8% Dow Jones Islamic22.0% S&P Shariah22.4% MSCI Islamic43.8% MSCI Islamic M-Series22.4% FTSE Shariah42.6% |
| 6723.T Renesas Electronics Corp. | COMPLIANT | 1.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| CVS CVS Health Corp. | NON_COMPLIANT | 1.66% | AAOIFI61.7% Usmani30.1% Dow Jones Islamic84.9% S&P Shariah88.7% MSCI Islamic30.1% MSCI Islamic M-Series88.7% FTSE Shariah24.2% |
| COF Capital One Financial Corp. | NON_COMPLIANT | 1.64% | AAOIFI38.5% Usmani7.6% Dow Jones Islamic49.3% S&P Shariah60.5% MSCI Islamic7.6% MSCI Islamic M-Series60.5% FTSE Shariah7.6% |
| DBK.DE Deutsche Bank AG | NON_COMPLIANT | 1.62% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| MDT Medtronic plc | COMPLIANT | 1.61% | AAOIFI24.4% Usmani31.5% Dow Jones Islamic26.4% S&P Shariah27.4% MSCI Islamic31.4% MSCI Islamic M-Series27.4% FTSE Shariah30.2% |
| GOOG Alphabet, Inc. | QUESTIONABLE | 1.61% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| DIS Walt Disney Co. (The) | NON_COMPLIANT | 1.59% | AAOIFI25.4% Usmani22.5% Dow Jones Islamic24.6% S&P Shariah25.2% MSCI Islamic22.5% MSCI Islamic M-Series25.2% FTSE Shariah22.5% |
| SGO.PA Cie de Saint-Gobain SA | NON_COMPLIANT | 1.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 7532.T Pan Pacific International Holdings Corp. | COMPLIANT | 1.56% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| HLN Haleon plc | COMPLIANT | 1.55% | AAOIFI27.2% Usmani26.4% Dow Jones Islamic13.2% S&P Shariah13.9% MSCI Islamic26.4% MSCI Islamic M-Series13.9% FTSE Shariah26.4% |
| 0700.HK Tencent Holdings Ltd. | COMPLIANT | 1.52% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BLK BlackRock, Inc. | NON_COMPLIANT | 1.49% | AAOIFI7.0% Usmani7.2% Dow Jones Islamic8.1% S&P Shariah8.9% MSCI Islamic7.2% MSCI Islamic M-Series8.9% FTSE Shariah7.2% |
| BAB.L Babcock International Group plc | COMPLIANT | 1.48% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MDLZ Mondelez International, Inc. | COMPLIANT | 1.47% | AAOIFI24.4% Usmani27.5% Dow Jones Islamic24.3% S&P Shariah23.4% MSCI Islamic26.9% MSCI Islamic M-Series23.4% FTSE Shariah25.8% |
| SLB Ltd. | UNSCREENED | 1.46% | no in-house ratios for this holding |
| FERG Ferguson Enterprises, Inc. | UNRATED | 1.44% | AAOIFI15.7% Usmani35.7% Dow Jones Islamic16.4% S&P Shariah17.1% MSCI Islamic35.7% MSCI Islamic M-Series17.1% FTSE Shariah25.4% |
| JPM JPMorgan Chase & Co. | NON_COMPLIANT | 1.41% | AAOIFI7.7% Usmani1.4% Dow Jones Islamic9.5% S&P Shariah10.7% MSCI Islamic1.4% MSCI Islamic M-Series10.7% FTSE Shariah1.4% |
| 005930.KS Samsung Electronics Co. Ltd. | COMPLIANT | 1.41% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| IFF International Flavors & Fragrances, Inc. | NON_COMPLIANT | 1.39% | AAOIFI26.5% Usmani23.0% Dow Jones Islamic29.7% S&P Shariah29.3% MSCI Islamic23.0% MSCI Islamic M-Series29.3% FTSE Shariah22.7% |
| META Meta Platforms, Inc. | QUESTIONABLE | 1.39% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| RELX RELX plc | COMPLIANT | 1.35% | AAOIFI16.2% Usmani49.2% Dow Jones Islamic12.5% S&P Shariah12.8% MSCI Islamic49.2% MSCI Islamic M-Series12.8% FTSE Shariah49.2% |
| FISV Fiserv, Inc. | NON_COMPLIANT | 1.33% | AAOIFI99.4% Usmani34.6% Dow Jones Islamic38.9% S&P Shariah36.9% MSCI Islamic34.6% MSCI Islamic M-Series36.9% FTSE Shariah34.5% |
| CRM Salesforce, Inc. | COMPLIANT | 1.32% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| BAS.DE BASF SE | NON_COMPLIANT | 1.29% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| 7203.T Toyota Motor Corp. | NON_COMPLIANT | 1.28% | AAOIFI117.9% Usmani41.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic40.9% MSCI Islamic M-Seriesfail FTSE Shariah40.9% |
| UU.L United Utilities Group plc | NON_COMPLIANT | 1.27% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SIEMENS.NS Siemens AG | COMPLIANT | 1.11% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Franklin Institutional U.S. Government Money Market Fund | UNSCREENED | 1.08% | no in-house ratios for this holding |
| INTU Intuit, Inc. | COMPLIANT | 1.06% | AAOIFI9.9% Usmani22.9% Dow Jones Islamic5.4% S&P Shariah5.3% MSCI Islamic22.9% MSCI Islamic M-Series5.3% FTSE Shariah20.8% |
| SSE.L SSE plc | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CHTR Charter Communications, Inc. | NON_COMPLIANT | 0.91% | AAOIFI353.0% Usmani60.4% Dow Jones Islamic125.9% S&P Shariah116.4% MSCI Islamic60.4% MSCI Islamic M-Series116.4% FTSE Shariah60.4% |
| Neptune Bidco US, Inc. | UNSCREENED | 0.90% | no in-house ratios for this holding |
| WBD Warner Bros Discovery, Inc. | NON_COMPLIANT | 0.72% | AAOIFI52.5% Usmani34.5% Dow Jones Islamic75.7% S&P Shariah90.3% MSCI Islamic34.5% MSCI Islamic M-Series90.3% FTSE Shariah34.5% |
| CoreLogic, Inc. | UNSCREENED | 0.43% | no in-house ratios for this holding |
| NG.L National Grid plc | NON_COMPLIANT | 0.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Neptune Bidco US, Inc. | UNSCREENED | 0.24% | no in-house ratios for this holding |
| Neptune Bidco US, Inc. | UNSCREENED | 0.21% | no in-house ratios for this holding |
| United States of America | NON_COMPLIANT | 0.11% | no in-house ratios for this holding |
| Pound Sterling | UNSCREENED | 0.05% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.03% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| N/A | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Walter Energy, Inc. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Won | UNSCREENED | 0.00% | no in-house ratios for this holding |
| EURO | UNSCREENED | 0.00% | no in-house ratios for this holding |
| Yen | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 8 points of portfolio weight — 47.6% of it passes FTSE Shariah, 39.2% 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 43.3% ratios fail on 47.2% 9.4% not rated under AAOIFI
ratios pass on 39.2% ratios fail on 45.7% 14.9% not rated under Usmani
ratios pass on 43.4% ratios fail on 43.5% 13.0% not rated under Dow Jones Islamic
ratios pass on 43.4% ratios fail on 43.5% 13.0% not rated under S&P Shariah
ratios pass on 44.2% ratios fail on 38.6% 17.1% not rated under MSCI Islamic
ratios pass on 43.4% ratios fail on 43.5% 13.0% not rated under MSCI Islamic M-Series
ratios pass on 47.6% ratios fail on 35.2% 16.9% not rated under FTSE Shariah
56 of 72 listed holdings carry our own per-methodology verdicts (93% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 33 (55% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BNP.PA BNP Paribas SA | 2.64% |
| BATS.L British American Tobacco plc | 2.20% |
| BAC Bank of America Corp. | 2.20% |
| AJG Arthur J Gallagher & Co. | 2.10% |
| AIR.PA Airbus SE | 2.09% |
| ELV Elevance Health, Inc. | 2.05% |
| D05.SI DBS Group Holdings Ltd. | 1.94% |
| BP.L BP plc | 1.90% |
| HSBA.L HSBC Holdings plc | 1.86% |
| HEIA.AS Heineken NV | 1.85% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Franklin Mutual Global Discovery Fund (TEDRX) 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 |
|---|---|---|
| MSFTMicrosoft Corp. | 2.97% | Questionable |
| MRKMerck & Co., Inc. | 2.65% | Compliant |
| BNP.PABNP Paribas SA | 2.64% | Non-compliant |
| RO.SWRoche Holding AG | 2.34% | Compliant |
| EOGEOG Resources, Inc. | 2.24% | Compliant |
| BATS.LBritish American Tobacco plc | 2.20% | Non-compliant |
| BACBank of America Corp. | 2.20% | Non-compliant |
| AJGArthur J Gallagher & Co. | 2.10% | Non-compliant |
| AIR.PAAirbus SE | 2.09% | Non-compliant |
| AerCap Holdings NVnot matched to a ticker | 2.09% | Not screened |
Top 10 of 72 holdings, 23.5% 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 TEDRX. 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) | 33.20 | NEUTRAL |
| Stochastic %K (14) | 20.65 | NEUTRAL |
| CCI (20) | -77.27 | NEUTRAL |
| Williams %R (14) | -79.35 | NEUTRAL |
| MACD (12,26,9) | -0.08 | SELL |
| ROC (10) | -4.27 | SELL |
| Momentum (10) | -1.36 | SELL |
| EMA (10) | 30.66 | SELL |
| SMA (10) | 30.61 | SELL |
| EMA (20) | 31.14 | SELL |
| SMA (20) | 31.29 | SELL |
| EMA (30) | 31.43 | SELL |
| SMA (30) | 31.75 | SELL |
| EMA (50) | 31.65 | SELL |
| SMA (50) | 32.23 | SELL |
| EMA (100) | 31.53 | SELL |
| SMA (100) | 31.58 | SELL |
| EMA (200) | 31.04 | SELL |
| SMA (200) | 31.09 | SELL |
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.