Verdicts genuinely change. Free email alert the moment VNIE'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.
Vontobel International Equity Active ETF · ADVISORS' INNER CIRCLE FUND II
48 holdings
NON-COMPLIANT 31.27% of portfolio weight is in non-compliant holdings, over the 5% threshold.
48 holdings, 37 matched (92% of weight). Portfolio as of 2026-06-30, filed 2026-08-31. Source: SEC Form N-PORT.
0.88% of this portfolio’s income is non-permissible — weighted across holdings, computed over 78% of portfolio weight (30 of 48 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.
58.9% compliant 0.2% questionable 31.3% non-compliant 7.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| TSM Taiwan Semiconductor Manufacturing Company Limited | COMPLIANT | 7.05% | AAOIFI1.5% Usmani13.8% Dow Jones Islamic0.5% S&P Shariah0.6% MSCI Islamic13.4% MSCI Islamic M-Series0.6% FTSE Shariah13.4% |
| 8035.T Tokyo Electron Limited | COMPLIANT | 6.21% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| ASML.AS ASML Holding N.V. | COMPLIANT | 5.63% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| GALDY Galderma Group AG | COMPLIANT | 5.44% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| TRP TC Energy Corporation | NON_COMPLIANT | 4.33% | AAOIFI2.3% Usmani1.7% Dow Jones Islamic2.6% S&P Shariah3.0% MSCI Islamic1.7% MSCI Islamic M-Series3.0% FTSE Shariah1.3% |
| KO THE COCA-COLA COMPANY | COMPLIANT | 3.94% | AAOIFI11.9% Usmani43.4% Dow Jones Islamic14.9% S&P Shariah15.9% MSCI Islamic43.4% MSCI Islamic M-Series15.9% FTSE Shariah41.8% |
| LIN LINDE PUBLIC LIMITED COMPANY | COMPLIANT | 3.94% | AAOIFI13.0% Usmani31.7% Dow Jones Islamic13.0% S&P Shariah13.4% MSCI Islamic31.7% MSCI Islamic M-Series13.4% FTSE Shariah31.7% |
| IFX.DE Infineon Technologies AG | COMPLIANT | 3.46% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| ENR.DE Siemens Energy AG | COMPLIANT | 3.25% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| S63.SI SINGAPORE TECHNOLOGIES ENGINEERING LTD | NON_COMPLIANT | 3.17% | AAOIFI14.7% Usmani34.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic30.1% MSCI Islamic M-Seriesfail FTSE Shariah30.1% |
| ENB.TO Enbridge Inc. | NON_COMPLIANT | 3.07% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| IHG INTERCONTINENTAL HOTELS GROUP PLC | NON_COMPLIANT | 3.05% | AAOIFI18.2% Usmani78.6% Dow Jones Islamic19.5% S&P Shariah21.3% MSCI Islamic78.6% MSCI Islamic M-Series21.3% FTSE Shariah78.6% |
| GAW.L Games Workshop Group PLC | COMPLIANT | 2.89% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| 6861.T KEYENCE CORPORATION | COMPLIANT | 2.77% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| Sandvik Aktiebolag | UNSCREENED | 2.76% | no in-house ratios for this holding |
| HALMA PUBLIC LIMITED COMPANY | UNSCREENED | 2.49% | no in-house ratios for this holding |
| 6146.T DISCO CORPORATION | COMPLIANT | 2.42% | AAOIFIpass Usmanifail Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahfail |
| RY ROYAL BANK OF CANADA | COMPLIANT | 2.42% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| PM Philip Morris International Inc. | NON_COMPLIANT | 2.33% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| TRN.MI TERNA - RETE ELETTRICA NAZIONALE SOCIETA PER AZIONI | NON_COMPLIANT | 2.31% | AAOIFI77.0% Usmani48.7% Dow Jones Islamic— S&P Shariah— MSCI Islamic48.7% MSCI Islamic M-Series— FTSE Shariah48.7% |
| L'AIR LIQUIDE SOCIETE ANONYME POUR L'ETUDE ET L'EXPLOITATION DES PROCEDES GEORGES CLAUDE SA | UNSCREENED | 2.21% | no in-house ratios for this holding |
| DPLM.L DIPLOMA PLC | COMPLIANT | 2.13% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| SAFRY SAFRAN SA | COMPLIANT | 2.04% | AAOIFI3.9% Usmani9.9% Dow Jones Islamic19.4% S&P Shariah22.2% MSCI Islamic8.6% MSCI Islamic M-Series22.2% FTSE Shariah8.6% |
| 033780.KS KT&G Corporation | NON_COMPLIANT | 1.99% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FER Ferrovial N.V. | COMPLIANT | 1.96% | AAOIFI29.5% Usmani38.0% Dow Jones Islamic30.9% S&P Shariah35.1% MSCI Islamic38.0% MSCI Islamic M-Series35.1% FTSE Shariah38.0% |
| KOG.OL KONGSBERG GRUPPEN ASA | NON_COMPLIANT | 1.93% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8411.T Mizuho Financial Group, Inc. | NON_COMPLIANT | 1.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| GWO.TO GREAT-WEST LIFECO INC. | NON_COMPLIANT | 1.53% | AAOIFI16.5% Usmani1.6% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic1.6% MSCI Islamic M-Seriesfail FTSE Shariah1.6% |
| 6752.T Panasonic Holdings Corporation | COMPLIANT | 1.49% | AAOIFIpass Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| D05.SI DBS GROUP HOLDINGS LTD | NON_COMPLIANT | 1.47% | AAOIFI33.5% Usmani8.4% Dow Jones Islamicfail S&P Shariahfail MSCI Islamic8.4% MSCI Islamic M-Seriesfail FTSE Shariah8.4% |
| AKRBP.OL AKER BP ASA | NON_COMPLIANT | 1.36% | AAOIFIfail Usmanipass Dow Jones Islamicfail S&P Shariahfail MSCI Islamicpass MSCI Islamic M-Seriesfail FTSE Shariahpass |
| NG.L NATIONAL GRID PLC | NON_COMPLIANT | 1.34% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 8306.T Mitsubishi UFJ Financial Group, Inc. | NON_COMPLIANT | 0.91% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| 2308.TW DELTA ELECTRONICS, INC. | COMPLIANT | 0.84% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicfail MSCI Islamic M-Seriespass FTSE Shariahpass |
| CSU.TO Constellation Software Inc. | COMPLIANT | 0.83% | AAOIFI13.2% Usmani38.4% Dow Jones Islamicpass S&P Shariahpass MSCI Islamic35.8% MSCI Islamic M-Seriespass FTSE Shariah35.8% |
| SHB-A.ST Svenska Handelsbanken AB | NON_COMPLIANT | 0.48% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FORMULA ONE GROUP | UNSCREENED | 0.21% | no in-house ratios for this holding |
| NFLX NETFLIX, INC. | QUESTIONABLE | 0.18% | AAOIFI5.2% Usmani28.5% Dow Jones Islamic4.1% S&P Shariah4.7% MSCI Islamic28.5% MSCI Islamic M-Series4.7% FTSE Shariah24.5% |
| Deutsche Boerse Aktiengesellschaft | UNSCREENED | 0.14% | no in-house ratios for this holding |
| LONN.SW Lonza Group AG | COMPLIANT | 0.10% | AAOIFIpass Usmanipass Dow Jones Islamicpass S&P Shariahpass MSCI Islamicpass MSCI Islamic M-Seriespass FTSE Shariahpass |
| RACE Ferrari N.V. | COMPLIANT | 0.10% | AAOIFI4.3% Usmani30.0% Dow Jones Islamic4.4% S&P Shariah4.6% MSCI Islamic30.0% MSCI Islamic M-Series4.6% FTSE Shariah30.0% |
| 1299.HK AIA Group Limited | NON_COMPLIANT | 0.10% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| HERMES INTERNATIONAL S.C.A. | UNSCREENED | 0.08% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
| BROWN BROTHERS HARRIMAN & CO. | UNSCREENED | 0.00% | no in-house ratios for this holding |
The published standards disagree about this fund by 35 points of portfolio weight — 63.3% of it passes AAOIFI, 27.9% 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 63.3% ratios fail on 21.6% 13.3% not rated under AAOIFI
ratios pass on 34.9% ratios fail on 47.4% 15.8% not rated under Usmani
ratios pass on 57.3% ratios fail on 25.2% 15.7% not rated under Dow Jones Islamic
ratios pass on 55.3% ratios fail on 24.7% 18.2% not rated under S&P Shariah
ratios pass on 27.9% ratios fail on 54.5% 15.8% not rated under MSCI Islamic
ratios pass on 55.3% ratios fail on 27.2% 15.7% not rated under MSCI Islamic M-Series
ratios pass on 34.9% ratios fail on 47.4% 15.8% not rated under FTSE Shariah
37 of 48 listed holdings carry our own per-methodology verdicts (90% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 16 (41% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| TRP TC Energy Corporation | 4.33% |
| S63.SI SINGAPORE TECHNOLOGIES ENGINEERING LTD | 3.17% |
| ENB.TO Enbridge Inc. | 3.07% |
| IHG INTERCONTINENTAL HOTELS GROUP PLC | 3.05% |
| PM Philip Morris International Inc. | 2.33% |
| TRN.MI TERNA - RETE ELETTRICA NAZIONALE SOCIETA PER AZIONI | 2.31% |
| 033780.KS KT&G Corporation | 1.99% |
| KOG.OL KONGSBERG GRUPPEN ASA | 1.93% |
| 8411.T Mizuho Financial Group, Inc. | 1.91% |
| GWO.TO GREAT-WEST LIFECO INC. | 1.53% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
Vontobel International Equity Active ETF (VNIE) 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.
Computing the full ratio and business-activity breakdown for VNIE — 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
Not enough completed daily bars to compute pivots.
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) | 39.50 | NEUTRAL |
| Stochastic %K (14) | 2.52 | BUY |
| CCI (20) | -134.52 | BUY |
| Williams %R (14) | -97.48 | BUY |
| MACD (12,26,9) | -0.03 | SELL |
| ROC (10) | -1.83 | SELL |
| Momentum (10) | -0.45 | SELL |
| EMA (10) | 24.61 | SELL |
| SMA (10) | 24.66 | SELL |
| EMA (20) | 24.71 | SELL |
| SMA (20) | 24.74 | SELL |
| EMA (30) | 24.79 | SELL |
| SMA (30) | 24.75 | SELL |
| EMA (50) | 24.95 | SELL |
| SMA (50) | 25.00 | SELL |
| EMA (100) | 25.17 | SELL |
| SMA (100) | 25.40 | SELL |
| EMA (200) | 25.23 | SELL |
| SMA (200) | 25.47 | SELL |
The fund is an actively managed exchange-traded Fund (“ETF”). Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The fund invests in at least three countries and invests at least 75% of its total assets in securities of non-U.S. companies.
Background via Yahoo Finance — informational, not part of the verdict.
Weak — low conviction, small size or skip
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 42 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
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.
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.
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
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 2026-10-06 · Asset managers net 906615 (+2612)
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.