Verdicts genuinely change. Free email alert the moment TSEL'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.
Touchstone ETF Trust-Touchstone Sands Capital US Select Growth ETF · Touchstone ETF Trust
29 holdings
NON-COMPLIANT 15.67% of portfolio weight is in non-compliant holdings, over the 5% threshold.
29 holdings, 27 matched (97% of weight). Portfolio as of 2026-06-30, filed 2026-08-26. Source: SEC Form N-PORT.
1.00% of this portfolio’s income is non-permissible — weighted across holdings, computed over 92% of portfolio weight (25 of 29 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.
61.0% compliant 20.6% questionable 15.7% non-compliant 2.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| NVDA NVIDIA CORP | COMPLIANT | 11.31% | AAOIFI1.1% Usmani12.1% Dow Jones Islamic0.9% S&P Shariah1.1% MSCI Islamic12.1% MSCI Islamic M-Series1.1% FTSE Shariah10.4% |
| STX SEAGATE TECHNOLOGY HOLDINGS PLC | COMPLIANT | 7.79% | AAOIFI2.0% Usmani39.5% Dow Jones Islamic5.8% S&P Shariah7.7% MSCI Islamic39.5% MSCI Islamic M-Series7.7% FTSE Shariah36.1% |
| MU MICRON TECHNOLOGY INC | COMPLIANT | 6.23% | AAOIFI0.6% Usmani6.7% Dow Jones Islamic1.8% S&P Shariah2.4% MSCI Islamic4.8% MSCI Islamic M-Series2.4% FTSE Shariah4.3% |
| GOOG ALPHABET INC | QUESTIONABLE | 6.20% | AAOIFI2.9% Usmani13.1% Dow Jones Islamic3.9% S&P Shariah4.5% MSCI Islamic12.8% MSCI Islamic M-Series4.5% FTSE Shariah10.9% |
| META META PLATFORMS INC | QUESTIONABLE | 5.42% | AAOIFI7.2% Usmani25.0% Dow Jones Islamic7.0% S&P Shariah7.9% MSCI Islamic25.0% MSCI Islamic M-Series7.9% FTSE Shariah18.6% |
| AMZN AMAZON.COM INC | QUESTIONABLE | 5.29% | AAOIFI8.2% Usmani22.1% Dow Jones Islamic9.6% S&P Shariah10.6% MSCI Islamic20.9% MSCI Islamic M-Series10.6% FTSE Shariah12.1% |
| CRS CARPENTER TECHNOLOGY CORP | COMPLIANT | 4.61% | AAOIFI3.2% Usmani19.0% Dow Jones Islamic4.9% S&P Shariah6.4% MSCI Islamic19.0% MSCI Islamic M-Series6.4% FTSE Shariah18.0% |
| PWR QUANTA SERVICES INC | COMPLIANT | 4.49% | AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5% |
| SNDK SANDISK CORP | COMPLIANT | 4.03% | AAOIFI0.1% Usmani0.9% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic0.9% MSCI Islamic M-Seriespass FTSE Shariah0.0% |
| SPOT SPOTIFY TECHNOLOGY SA | NON_COMPLIANT | 4.01% | AAOIFI1.6% Usmani9.7% Dow Jones Islamic1.5% S&P Shariah1.9% MSCI Islamic9.7% MSCI Islamic M-Series1.9% FTSE Shariah9.7% |
| XYZ BLOCK INC | NON_COMPLIANT | 3.80% | AAOIFI12.2% Usmani15.3% Dow Jones Islamic14.3% S&P Shariah14.7% MSCI Islamic15.3% MSCI Islamic M-Series14.7% FTSE Shariah14.6% |
| MSFT MICROSOFT CORP | QUESTIONABLE | 3.73% | AAOIFI1.5% Usmani7.5% Dow Jones Islamic1.7% S&P Shariah1.8% MSCI Islamic7.5% MSCI Islamic M-Series1.8% FTSE Shariah5.3% |
| BE BLOOM ENERGY CORP | COMPLIANT | 3.69% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| SHOP SHOPIFY INC | COMPLIANT | 2.92% | AAOIFI0.1% Usmani1.2% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic1.2% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| CVNA CARVANA COMPANY | COMPLIANT | 2.70% | AAOIFI6.8% Usmani38.2% Dow Jones Islamic8.2% S&P Shariah10.9% MSCI Islamic38.2% MSCI Islamic M-Series10.9% FTSE Shariah35.5% |
| DDOG DATADOG INC | NON_COMPLIANT | 2.61% | AAOIFI1.7% Usmani16.9% Dow Jones Islamic2.4% S&P Shariah2.6% MSCI Islamic16.9% MSCI Islamic M-Series2.6% FTSE Shariah13.1% |
| LRCX LAM RESEARCH CORP | COMPLIANT | 2.61% | AAOIFI1.0% Usmani17.5% Dow Jones Islamic2.1% S&P Shariah2.4% MSCI Islamic17.5% MSCI Islamic M-Series2.4% FTSE Shariah15.8% |
| V VISA INC | COMPLIANT | 2.10% | AAOIFI3.5% Usmani25.2% Dow Jones Islamic15.5% S&P Shariah16.7% MSCI Islamic25.2% MSCI Islamic M-Series16.7% FTSE Shariah25.2% |
| AVGO BROADCOM INC | COMPLIANT | 1.94% | AAOIFI3.8% Usmani32.5% Dow Jones Islamic4.4% S&P Shariah5.5% MSCI Islamic32.5% MSCI Islamic M-Series5.5% FTSE Shariah32.5% |
| NU NU HOLDINGS LTD | NON_COMPLIANT | 1.84% | AAOIFI2.5% Usmani3.5% Dow Jones Islamic2.6% S&P Shariah2.8% MSCI Islamic3.5% MSCI Islamic M-Series2.8% FTSE Shariah3.5% |
| NET CLOUDFLARE INC | NON_COMPLIANT | 1.74% | AAOIFI0.3% Usmani4.0% Dow Jones Islamic0.4% S&P Shariah0.5% MSCI Islamic4.0% MSCI Islamic M-Series0.5% FTSE Shariah0.0% |
| APP APPLOVIN CORP | COMPLIANT | 1.67% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| ICE INTERCONTINENTAL EXCHANGE INC | NON_COMPLIANT | 1.66% | AAOIFI23.2% Usmani11.8% Dow Jones Islamic22.5% S&P Shariah24.2% MSCI Islamic11.8% MSCI Islamic M-Series24.2% FTSE Shariah11.4% |
| SPHR SPHERE ENTERTAINMENT COMPANY | NON_COMPLIANT | 1.64% | AAOIFI17.9% Usmani22.6% Dow Jones Islamic33.8% S&P Shariah40.3% MSCI Islamic22.6% MSCI Islamic M-Series40.3% FTSE Shariah19.3% |
| SPACE EXPLORATION TECHNOLOGIES CORP | UNSCREENED | 1.51% | no in-house ratios for this holding |
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | UNSCREENED | 1.24% | no in-house ratios for this holding |
| IOT SAMSARA INC | COMPLIANT | 1.24% | AAOIFI0.3% Usmani2.5% Dow Jones Islamic0.3% S&P Shariah0.3% MSCI Islamic2.5% MSCI Islamic M-Series0.3% FTSE Shariah0.0% |
| AXON AXON ENTERPRISE INC | COMPLIANT | 1.13% | AAOIFI4.4% Usmani24.5% Dow Jones Islamic4.0% S&P Shariah4.9% MSCI Islamic24.5% MSCI Islamic M-Series4.9% FTSE Shariah23.1% |
| RARE ULTRAGENYX PHARMACEUTICAL INC | NON_COMPLIANT | 0.96% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
The published standards disagree about this fund by 36 points of portfolio weight — 84.1% of it passes AAOIFI, 47.7% 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 84.1% ratios fail on 7.9% 8.1% not rated under AAOIFI
ratios pass on 66.7% ratios fail on 25.3% 8.1% not rated under Usmani
ratios pass on 82.5% ratios fail on 9.5% 8.1% not rated under Dow Jones Islamic
ratios pass on 82.5% ratios fail on 9.5% 8.1% not rated under S&P Shariah
ratios pass on 47.7% ratios fail on 38.1% 14.3% not rated under MSCI Islamic
ratios pass on 82.5% ratios fail on 9.5% 8.1% not rated under MSCI Islamic M-Series
ratios pass on 60.5% ratios fail on 31.5% 8.1% not rated under FTSE Shariah
27 of 29 listed holdings carry our own per-methodology verdicts (97% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 25 (92% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
Touchstone ETF Trust-Touchstone Sands Capital US Select Growth ETF (TSEL) 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 |
|---|---|---|
| NVDANVIDIA CORP | 11.31% | Compliant |
| STXSEAGATE TECHNOLOGY HOLDINGS PLC | 7.79% | Compliant |
| MUMICRON TECHNOLOGY INC | 6.23% | Compliant |
| GOOGALPHABET INC | 6.20% | Questionable |
| METAMETA PLATFORMS INC | 5.42% | Questionable |
| AMZNAMAZON.COM INC | 5.29% | Questionable |
| CRSCARPENTER TECHNOLOGY CORP | 4.61% | Compliant |
| PWRQUANTA SERVICES INC | 4.49% | Compliant |
| SNDKSANDISK CORP | 4.03% | Compliant |
| SPOTSPOTIFY TECHNOLOGY SA | 4.01% | Non-compliant |
Top 10 of 29 holdings, 59.4% 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 TSEL. 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
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
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) | 62.20 | NEUTRAL |
| Stochastic %K (14) | 88.68 | SELL |
| CCI (20) | 89.19 | NEUTRAL |
| Williams %R (14) | -11.32 | SELL |
| MACD (12,26,9) | 0.06 | BUY |
| ROC (10) | 1.97 | BUY |
| Momentum (10) | 0.58 | BUY |
| EMA (10) | 29.88 | BUY |
| SMA (10) | 29.87 | BUY |
| EMA (20) | 29.59 | BUY |
| SMA (20) | 29.44 | BUY |
| EMA (30) | 29.39 | BUY |
| SMA (30) | 29.22 | BUY |
| EMA (50) | 29.14 | BUY |
| SMA (50) | 29.01 | BUY |
| EMA (100) | 28.77 | BUY |
| SMA (100) | 28.83 | BUY |
| EMA (200) | 28.34 | BUY |
| SMA (200) | 27.86 | 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.