Verdicts genuinely change. Free email alert the moment THGIX'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.
Thornburg International Growth Fund · THORNBURG INVESTMENT TRUST
49 holdings
NON-COMPLIANT 14.61% of portfolio weight is in non-compliant holdings, over the 5% threshold.
49 holdings, 41 matched (91% of weight). Portfolio as of 2026-06-30, filed 2026-08-24. Source: SEC Form N-PORT.
2.66% of this portfolio’s income is non-permissible — weighted across holdings, computed over 83% of portfolio weight (37 of 49 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.
76.2% compliant 0.0% questionable 14.6% non-compliant 8.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Co Ltd | COMPLIANT | 12.91% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| ASML ASML Holding NV | COMPLIANT | 6.26% | AAOIFI0.8% Usmani8.7% Dow Jones Islamic1.3% S&P Shariah1.4% MSCI Islamic8.7% MSCI Islamic M-Series1.4% FTSE Shariah8.7% |
| 0700.HK Tencent Holdings Ltd | COMPLIANT | 5.37% | AAOIFIpass Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 005930.KS Samsung Electronics Co Ltd | COMPLIANT | 3.87% | AAOIFI1.4% Usmani5.3% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic4.5% MSCI Islamic M-Seriespass FTSE Shariah4.5% |
| AZN AstraZeneca PLC | COMPLIANT | 3.79% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| AMD Advanced Micro Devices Inc | COMPLIANT | 3.72% | AAOIFI0.5% Usmani5.1% Dow Jones Islamic1.2% S&P Shariah1.3% MSCI Islamic5.1% MSCI Islamic M-Series1.3% FTSE Shariah3.8% |
| MA Mastercard Inc | COMPLIANT | 3.58% | AAOIFI4.9% Usmani42.7% Dow Jones Islamic37.5% S&P Shariah40.1% MSCI Islamic42.7% MSCI Islamic M-Series40.1% FTSE Shariah42.7% |
| Hoya Corp | UNSCREENED | 3.19% | no in-house ratios for this holding |
| RR.L Rolls-Royce Holdings PLC | NON_COMPLIANT | 2.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 402340.KS SK Square Co Ltd | COMPLIANT | 2.83% | AAOIFI0.1% Usmani0.7% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.4% MSCI Islamic M-Seriespass FTSE Shariah0.4% |
| ASM.AS ASM International NV | COMPLIANT | 2.70% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| LONN.SW Lonza Group AG | COMPLIANT | 2.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RACE.MI Ferrari NV | COMPLIANT | 2.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| BESIY BE Semiconductor Industries NV | COMPLIANT | 2.26% | AAOIFI3.2% Usmani48.1% Dow Jones Islamic4.4% S&P Shariah4.7% MSCI Islamic46.8% MSCI Islamic M-Series4.7% FTSE Shariah46.8% |
| MTX.DE MTU Aero Engines AG | NON_COMPLIANT | 2.09% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| SE Sea Ltd | COMPLIANT | 2.00% | AAOIFI3.7% Usmani8.8% Dow Jones Islamic3.3% S&P Shariah4.1% MSCI Islamic8.6% MSCI Islamic M-Series4.1% FTSE Shariah3.6% |
| 300750.SZ Contemporary Amperex Technology Co Ltd | COMPLIANT | 1.92% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| DPLM.L Diploma PLC | COMPLIANT | 1.82% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SHOP Shopify Inc | COMPLIANT | 1.80% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| LDO.MI Leonardo SpA | NON_COMPLIANT | 1.68% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 300308.SZ Zhongji Innolight Co Ltd | COMPLIANT | 1.67% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| AI.PA Air Liquide SA | COMPLIANT | 1.65% | AAOIFI12.7% Usmani28.6% Dow Jones Islamic— S&P Shariah— MSCI Islamic26.2% MSCI Islamic M-Series— FTSE Shariah26.2% |
| 2308.TW Delta Electronics Inc | COMPLIANT | 1.54% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| MELI MercadoLibre Inc | COMPLIANT | 1.53% | AAOIFI20.1% Usmani38.5% Dow Jones Islamic19.0% S&P Shariah20.6% MSCI Islamic38.3% MSCI Islamic M-Series20.6% FTSE Shariah33.3% |
| BNP.PA BNP Paribas SA | NON_COMPLIANT | 1.50% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| ANET Arista Networks Inc | COMPLIANT | 1.40% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| 3110.T Nitto Boseki Co Ltd | COMPLIANT | 1.35% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| SU.PA Schneider Electric SE | COMPLIANT | 1.26% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ICICIBANK.NS ICICI Bank Ltd | NON_COMPLIANT | 1.25% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AerCap Holdings NV | UNSCREENED | 1.23% | no in-house ratios for this holding |
| 4307.T Nomura Research Institute Ltd | COMPLIANT | 1.18% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| BC.MI Brunello Cucinelli SpA | COMPLIANT | 1.10% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| VEND.OL Vend Marketplaces ASA | COMPLIANT | 1.05% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| E.ON SE | UNSCREENED | 1.04% | no in-house ratios for this holding |
| Thornburg Capital Management Fund | UNSCREENED | 0.99% | no in-house ratios for this holding |
| 3994.T Money Forward Inc | COMPLIANT | 0.97% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| ALC Alcon AG | COMPLIANT | 0.97% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| POLICYBZR.NS PB Fintech Ltd | NON_COMPLIANT | 0.96% | AAOIFI0.4% Usmani8.3% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic4.1% MSCI Islamic M-Seriesfail FTSE Shariah4.1% |
| 8697.T Japan Exchange Group Inc | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DB1.DE Deutsche Boerse AG | NON_COMPLIANT | 0.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Cellebrite DI Ltd | UNSCREENED | 0.83% | no in-house ratios for this holding |
| NU Holdings Ltd/Cayman Islands | UNSCREENED | 0.82% | no in-house ratios for this holding |
| B3SA3.SA B3 SA - Brasil Bolsa Balcao | NON_COMPLIANT | 0.81% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FIH-U.TO Fairfax India Holdings Corp | COMPLIANT | 0.78% | AAOIFI20.1% Usmani12.3% Dow Jones Islamic— S&P Shariah— MSCI Islamic12.3% MSCI Islamic M-Series— FTSE Shariah12.3% |
| SMG Swiss Marketplace Group AG | UNSCREENED | 0.75% | no in-house ratios for this holding |
| LTMC.MI Lottomatica Group Spa | NON_COMPLIANT | 0.54% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8JN.SG Kanzhun Ltd | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| WISE.L Wise Group PLC | NON_COMPLIANT | 0.45% | AAOIFI3.8% Usmani1.9% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.5% MSCI Islamic M-Seriesfail FTSE Shariah1.5% |
| Dpc Holdings Ltd | UNSCREENED | 0.07% | no in-house ratios for this holding |
The published standards disagree about this fund by 40 points of portfolio weight — 70.0% of it passes AAOIFI, 30.0% 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 70.0% ratios fail on 14.6% 15.1% not rated under AAOIFI
ratios pass on 35.8% ratios fail on 41.2% 22.7% not rated under Usmani
ratios pass on 58.6% ratios fail on 18.2% 22.9% not rated under Dow Jones Islamic
ratios pass on 58.6% ratios fail on 18.2% 22.9% not rated under S&P Shariah
ratios pass on 30.0% ratios fail on 46.9% 22.7% not rated under MSCI Islamic
ratios pass on 58.6% ratios fail on 18.2% 22.9% not rated under MSCI Islamic M-Series
ratios pass on 35.8% ratios fail on 41.2% 22.7% not rated under FTSE Shariah
41 of 49 listed holdings carry our own per-methodology verdicts (91% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 14 (45% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| RR.L Rolls-Royce Holdings PLC | 2.96% |
| MTX.DE MTU Aero Engines AG | 2.09% |
| LDO.MI Leonardo SpA | 1.68% |
| BNP.PA BNP Paribas SA | 1.50% |
| ICICIBANK.NS ICICI Bank Ltd | 1.25% |
| POLICYBZR.NS PB Fintech Ltd | 0.96% |
| 8697.T Japan Exchange Group Inc | 0.93% |
| DB1.DE Deutsche Boerse AG | 0.93% |
| B3SA3.SA B3 SA - Brasil Bolsa Balcao | 0.81% |
| LTMC.MI Lottomatica Group Spa | 0.54% |
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Thornburg International Growth Fund (THGIX) 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 |
|---|---|---|
| TSMTaiwan Semiconductor Manufacturing Co Ltd | 12.91% | Compliant |
| ASMLASML Holding NV | 6.26% | Compliant |
| 0700.HKTencent Holdings Ltd | 5.37% | Compliant |
| 005930.KSSamsung Electronics Co Ltd | 3.87% | Compliant |
| AZNAstraZeneca PLC | 3.79% | Compliant |
| AMDAdvanced Micro Devices Inc | 3.72% | Compliant |
| MAMastercard Inc | 3.58% | Compliant |
| Hoya Corpnot matched to a ticker | 3.19% | Not screened |
| RR.LRolls-Royce Holdings PLC | 2.96% | Non-compliant |
| 402340.KSSK Square Co Ltd | 2.83% | Compliant |
Top 10 of 49 holdings, 48.5% 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 THGIX. A verdict that never moved is recorded too, so a quiet history reads as measured rather than missing.
Tracked since 2026-09-07.
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) | 48.70 | NEUTRAL |
| Stochastic %K (14) | 15.49 | BUY |
| CCI (20) | 11.52 | NEUTRAL |
| Williams %R (14) | -84.51 | BUY |
| MACD (12,26,9) | 0.01 | BUY |
| ROC (10) | -0.79 | SELL |
| Momentum (10) | -0.23 | SELL |
| EMA (10) | 28.90 | SELL |
| SMA (10) | 28.90 | SELL |
| EMA (20) | 28.86 | SELL |
| SMA (20) | 28.72 | BUY |
| EMA (30) | 28.85 | SELL |
| SMA (30) | 28.78 | SELL |
| EMA (50) | 28.81 | SELL |
| SMA (50) | 28.94 | SELL |
| EMA (100) | 28.54 | BUY |
| SMA (100) | 28.75 | BUY |
| EMA (200) | 27.79 | BUY |
| SMA (200) | 27.75 | 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.