TURETF / FundiShares MSCI Turkey ETF
Verdicts genuinely change. Free email alert the moment TUR's does — no target price to set, unlike a price alert.
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.
iShares MSCI Turkey ETF ETF · iShares, Inc.
75 holdings · as of 2026-08-31 (2.5 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 121% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT At least 23.47% of portfolio weight is in non-compliant holdings — already over the 5% threshold, so the verdict is settled whatever the unmatched 93% turns out to be. Matching more holdings can only raise this share, never lower it.
75 holdings, 22 matched (23% of weight). Portfolio as of 2026-08-31, filed 2026-10-23. Source: SEC Form N-PORT.
3.81% of this portfolio’s income is non-permissible — weighted across holdings, computed over 23% of portfolio weight (22 of 75 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.
Portfolio shares are withheld: coverage is below the floor needed to state one. The holdings themselves are below, because the names are evidence you can check.
All holdings (75)
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| BlackRock Funds III: BlackRock Cash Funds: Institutional; SL Agency Shares | UNSCREENED | 21.37% | no in-house ratios for this holding |
| ASELS.IS ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI | NON_COMPLIANT | 11.70% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURKIYE PETROL RAFINERILERI ANONIM SIRKETI | UNSCREENED | 9.59% | no in-house ratios for this holding |
| BIM BIRLESIK MAGAZALAR ANONIM SIRKETI | UNSCREENED | 9.16% | no in-house ratios for this holding |
| AKBANK TURK ANONIM SIRKETI | UNSCREENED | 5.52% | no in-house ratios for this holding |
| TURK HAVA YOLLARI ANONIM ORTAKLIGI | UNSCREENED | 4.31% | no in-house ratios for this holding |
| KOC HOLDING ANONIM SIRKETI | UNSCREENED | 3.61% | no in-house ratios for this holding |
| EREGLI DEMIR VE CELIK FABRIKALARI TURK ANONIM SIRKETI | UNSCREENED | 3.34% | no in-house ratios for this holding |
| YAPI VE KREDI BANKASI ANONIM SIRKETI | UNSCREENED | 2.94% | no in-house ratios for this holding |
| TURKCELL ILETISIM HIZMETLERI ANONIM SIRKETI | UNSCREENED | 2.72% | no in-house ratios for this holding |
| HACI OMER SABANCI HOLDING ANONIM SIRKETI | UNSCREENED | 2.53% | no in-house ratios for this holding |
| KTLEV.IS Katilimevim Tasarruf Finansman AS | NON_COMPLIANT | 2.41% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURKIYE IS BANKASI ANONIM SIRKETI | UNSCREENED | 2.35% | no in-house ratios for this holding |
| PASEU.IS Pasifik Eurasia Lojistik Dis Ticaret AS | COMPLIANT | 1.80% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PEKGY.IS PEKER GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI | NON_COMPLIANT | 1.60% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURK ALTIN ISLETMELERI ANONIM SIRKETI | UNSCREENED | 1.36% | no in-house ratios for this holding |
| TAV HAVALIMANLARI HOLDING ANONIM SIRKETI | UNSCREENED | 1.26% | no in-house ratios for this holding |
| MIGROS TICARET ANONIM SIRKETI | UNSCREENED | 1.26% | no in-house ratios for this holding |
| Yeni Gimat Gayrimenkul Yatirim Ortakligi AS | UNSCREENED | 1.15% | no in-house ratios for this holding |
| KARDEMIR KARABUK DEMIR CELIK SANAYI VE TICARET ANONIM SIRKETI | UNSCREENED | 1.15% | no in-house ratios for this holding |
| SELCUK ECZA DEPOSU TICARET VE SANAYI ANONIM SIRKETI | UNSCREENED | 1.14% | no in-house ratios for this holding |
| ODINE.IS Odine Solutions Teknoloji Ticaret ve Sanayi AS | NON_COMPLIANT | 1.12% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EMLAK KONUT GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI | UNSCREENED | 1.11% | no in-house ratios for this holding |
| Isiklar Enerji ve Yapi Holding AS | UNSCREENED | 1.06% | no in-house ratios for this holding |
| TEHOL.IS Tera Yatirim Teknoloji Holding AS | COMPLIANT | 1.04% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| MLP SAGLIK HIZMETLERI ANONIM SIRKETI | UNSCREENED | 1.02% | no in-house ratios for this holding |
| AEFES.IS ANADOLU EFES BIRACILIK VE MALT SANAYII ANONIM SIRKETI | NON_COMPLIANT | 1.02% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| RAL YATIRIM HOLDING ANONIM SIRKETI | UNSCREENED | 0.95% | no in-house ratios for this holding |
| GUBRF.IS Gubre Fabrikalari TAS | COMPLIANT | 0.91% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| PGSUS.IS PEGASUS HAVA TASIMACILIGI ANONIM SIRKETI | NON_COMPLIANT | 0.90% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TOFAS TURK OTOMOBIL FABRIKASI ANONIM SIRKETI | UNSCREENED | 0.88% | no in-house ratios for this holding |
| REYSAS GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI | UNSCREENED | 0.82% | no in-house ratios for this holding |
| ENERJISA ENERJI ANONIM SIRKETI | UNSCREENED | 0.81% | no in-house ratios for this holding |
| SASA POLYESTER SANAYI ANONIM SIRKETI | UNSCREENED | 0.81% | no in-house ratios for this holding |
| TRMET.IS TR Anadolu Metal Madencilik Isletmeleri AS | NON_COMPLIANT | 0.80% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| TURKIYE SISE VE CAM FABRIKALARI ANONIM SIRKETI | UNSCREENED | 0.79% | no in-house ratios for this holding |
| REYSAS TASIMACILIK VE LOJISTIK TICARET ANONIM SIRKETI | UNSCREENED | 0.77% | no in-house ratios for this holding |
| DOGAN SIRKETLER GRUBU HOLDING ANONIM SIRKETI | UNSCREENED | 0.73% | no in-house ratios for this holding |
| PETKM.IS PETKIM PETROKIMYA HOLDING ANONIM SIRKETI | NON_COMPLIANT | 0.67% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AHLATCI DOGAL GAZ DAGITIM ENERJI VE YATIRIM ANONIM SIRKETI | UNSCREENED | 0.66% | no in-house ratios for this holding |
| MAVI GIYIM SANAYI VE TICARET ANONIM SIRKETI | UNSCREENED | 0.65% | no in-house ratios for this holding |
| TURKIYE SIGORTA ANONIM SIRKETI | UNSCREENED | 0.60% | no in-house ratios for this holding |
| OYAK CIMENTO FABRIKALARI ANONIM SIRKETI | UNSCREENED | 0.59% | no in-house ratios for this holding |
| ENERY.IS Enerya Enerji AS | NON_COMPLIANT | 0.57% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| Alarko Holding Inc | UNSCREENED | 0.55% | no in-house ratios for this holding |
| MARGUN ENERJI URETIM SANAYI VE TICARET ANONIM SIRKETI | UNSCREENED | 0.55% | no in-house ratios for this holding |
| ULKER BISKUVI SANAYI ANONIM SIRKETI | UNSCREENED | 0.54% | no in-house ratios for this holding |
| AKSA AKRILIK KIMYA SANAYII ANONIM SIRKETI | UNSCREENED | 0.54% | no in-house ratios for this holding |
| AKSA ENERJI URETIM ANONIM SIRKETI | UNSCREENED | 0.52% | no in-house ratios for this holding |
| SOKM.IS Sok Marketler Ticaret AS | NON_COMPLIANT | 0.51% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| CVKMD.IS CVK MADEN ISLETMELERI SANAYI VE TICARET ANONIM SIRKETI | COMPLIANT | 0.51% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ALTINKILIC GIDA VE SUT SANAYI TICARET ANONIM SIRKETI | UNSCREENED | 0.45% | no in-house ratios for this holding |
| NUHCM.IS Nuh Cimento Sanayi AS | NON_COMPLIANT | 0.44% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| DOAS.IS Dogus Otomotiv Servis ve Ticaret A.S. | NON_COMPLIANT | 0.39% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| Gen Ilac ve Saglik Urunleri Sanayi Ticaret A.S. | UNSCREENED | 0.36% | no in-house ratios for this holding |
| TABGD.IS Tab Gida Sanayi ve Ticaret A.S. | NON_COMPLIANT | 0.33% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| LYDIA HOLDING ANONIM SIRKETI | UNSCREENED | 0.33% | no in-house ratios for this holding |
| AYGAZ ANONIM SIRKETI | UNSCREENED | 0.33% | no in-house ratios for this holding |
| ECILC.IS EIS ECZACIBASI ILAC SINAI VE FINANSAL YATIRIMLAR SANAYI VE TICARET ANONIM SIRKETI | NON_COMPLIANT | 0.32% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| AG Anadolu Grubu Holding Anonim Sirketi | UNSCREENED | 0.32% | no in-house ratios for this holding |
| TURK TRAKTOR VE ZIRAAT MAKINELERI ANONIM SIRKETI | UNSCREENED | 0.29% | no in-house ratios for this holding |
| BSOKE.IS Batisoke Soke Cimento Sanayii TAS | COMPLIANT | 0.29% | AAOIFI8.8% Usmani17.8% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic17.7% MSCI Islamic M-Seriespass FTSE Shariah17.7% |
| HEKTAS TICARET TURK ANONIM SIRKETI | UNSCREENED | 0.28% | no in-house ratios for this holding |
| CIMSA CIMENTO SANAYI VE TICARET ANONIM SIRKETI | UNSCREENED | 0.28% | no in-house ratios for this holding |
| ANSGR.IS ANADOLU ANONIM TURK SIGORTA SIRKETI | NON_COMPLIANT | 0.24% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BTCIM.IS Baticim Bati Anadolu Cimento Sanayii AS | NON_COMPLIANT | 0.23% | AAOIFI30.2% Usmani16.6% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic16.1% MSCI Islamic M-Seriespass FTSE Shariah16.1% |
| TURKIYE SINAI KALKINMA BANKASI ANONIM SIRKETI | UNSCREENED | 0.23% | no in-house ratios for this holding |
| OTOKAR OTOMOTIV VE SAVUNMA SANAYI ANONIM SIRKETI | UNSCREENED | 0.23% | no in-house ratios for this holding |
| ISMEN.IS IS YATIRIM MENKUL DEGERLER ANONIM SIRKETI | NON_COMPLIANT | 0.21% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| BlackRock Funds III: BlackRock Cash Funds: Treasury; SL Agency Shares | UNSCREENED | 0.19% | no in-house ratios for this holding |
| LDR TURIZM ANONIM SIRKETI | UNSCREENED | 0.17% | no in-house ratios for this holding |
| TURKISH LIRA | UNSCREENED | 0.11% | no in-house ratios for this holding |
| ARCELIK ANONIM SIRKETI | UNSCREENED | 0.03% | no in-house ratios for this holding |
| MSCI EMGMKT SEP26 | UNSCREENED | 0.00% | no in-house ratios for this holding |
| TERA YATIRIM MENKUL DEGERLER ANONIM SIRKETI | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 2 points of portfolio weight — 6.7% of it passes Usmani, 4.6% passes AAOIFI. 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 4.6% ratios fail on 23.5% 93.3% not rated under AAOIFI
ratios pass on 6.7% ratios fail on 21.3% 93.3% not rated under Usmani
ratios pass on 4.8% ratios fail on 23.2% 93.3% not rated under Dow Jones Islamic
ratios pass on 4.8% ratios fail on 23.2% 93.3% not rated under S&P Shariah
ratios pass on 6.7% ratios fail on 21.3% 93.3% not rated under MSCI Islamic
ratios pass on 4.8% ratios fail on 23.2% 93.3% not rated under MSCI Islamic M-Series
ratios pass on 6.7% ratios fail on 21.3% 93.3% not rated under FTSE Shariah
22 of 75 listed holdings carry our own per-methodology verdicts (28% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 2 (1% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| ASELS.IS ASELSAN ELEKTRONIK SANAYI VE TICARET ANONIM SIRKETI | 11.70% |
| KTLEV.IS Katilimevim Tasarruf Finansman AS | 2.41% |
| PEKGY.IS PEKER GAYRIMENKUL YATIRIM ORTAKLIGI ANONIM SIRKETI | 1.60% |
| ODINE.IS Odine Solutions Teknoloji Ticaret ve Sanayi AS | 1.12% |
| AEFES.IS ANADOLU EFES BIRACILIK VE MALT SANAYII ANONIM SIRKETI | 1.02% |
| PGSUS.IS PEGASUS HAVA TASIMACILIGI ANONIM SIRKETI | 0.90% |
| TRMET.IS TR Anadolu Metal Madencilik Isletmeleri AS | 0.80% |
| PETKM.IS PETKIM PETROKIMYA HOLDING ANONIM SIRKETI | 0.67% |
| ENERY.IS Enerya Enerji AS | 0.57% |
| SOKM.IS Sok Marketler Ticaret AS | 0.51% |
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.
iShares MSCI Turkey ETF (TUR) 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 TUR — 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) | 49.50 | NEUTRAL |
| Stochastic %K (14) | 95.67 | SELL |
| CCI (20) | 88.76 | NEUTRAL |
| Williams %R (14) | -4.33 | SELL |
| MACD (12,26,9) | 0.39 | BUY |
| ROC (10) | 9.04 | BUY |
| Momentum (10) | 2.67 | BUY |
| EMA (10) | 31.63 | BUY |
| SMA (10) | 31.37 | BUY |
| EMA (20) | 31.85 | BUY |
| SMA (20) | 31.24 | BUY |
| EMA (30) | 32.46 | SELL |
| SMA (30) | 32.11 | BUY |
| EMA (50) | 33.71 | SELL |
| SMA (50) | 34.25 | SELL |
| EMA (100) | 35.60 | SELL |
| SMA (100) | 36.75 | SELL |
| EMA (200) | 36.71 | SELL |
| SMA (200) | 38.38 | SELL |
About iShares MSCI Turkey ETF
The fund generally will invest at least 80% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. The underlying index is designed to measure the performance of the large-, mid- and small-capitalization segments of equity market in Turkey. The fund is non-diversified.
Background via Yahoo Finance — informational, not part of the verdict.
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.
Still fetching the market-structure read — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
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 2026-11-03 · Asset managers net 928584 (+5135)
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.