Verdicts genuinely change. Free email alert the moment ZAP'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.
Global X U.S. Electrification ETF ETF · GLOBAL X FUNDS
46 holdings · as of 2026-07-31 (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 102% of net assets rather than 100%. Shares of the portfolio are shown as shares of that gross exposure.
NON-COMPLIANT 72.80% of portfolio weight is in non-compliant holdings, over the 5% threshold.
46 holdings, 41 matched (97% of weight). Portfolio as of 2026-07-31, filed 2026-09-29. Source: SEC Form N-PORT.
0.83% of this portfolio’s income is non-permissible — weighted across holdings, computed over 86% of portfolio weight (37 of 46 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.
25.6% compliant 0.0% questionable 71.7% non-compliant 2.7% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| D Dominion Energy, Inc. | NON_COMPLIANT | 4.58% | AAOIFI86.6% Usmani42.8% Dow Jones Islamic102.1% S&P Shariah112.1% MSCI Islamic42.3% MSCI Islamic M-Series112.1% FTSE Shariah41.7% |
| PWR QUANTA SERVICES, INC. | COMPLIANT | 4.57% | AAOIFI6.9% Usmani23.3% Dow Jones Islamic10.1% S&P Shariah12.1% MSCI Islamic23.3% MSCI Islamic M-Series12.1% FTSE Shariah21.5% |
| ETN EATON CORPORATION PUBLIC LIMITED COMPANY | COMPLIANT | 4.21% | AAOIFI13.4% Usmani38.0% Dow Jones Islamic15.6% S&P Shariah16.9% MSCI Islamic38.0% MSCI Islamic M-Series16.9% FTSE Shariah36.7% |
| AME AMETEK, INC. | COMPLIANT | 4.21% | AAOIFI4.2% Usmani13.9% Dow Jones Islamic5.1% S&P Shariah5.4% MSCI Islamic13.9% MSCI Islamic M-Series5.4% FTSE Shariah12.3% |
| SO THE SOUTHERN COMPANY | NON_COMPLIANT | 4.12% | AAOIFI68.7% Usmani45.3% Dow Jones Islamic72.3% S&P Shariah78.7% MSCI Islamic44.8% MSCI Islamic M-Series78.7% FTSE Shariah43.8% |
| ED CONSOLIDATED EDISON, INC. | NON_COMPLIANT | 4.08% | AAOIFI65.9% Usmani35.2% Dow Jones Islamic73.6% S&P Shariah78.5% MSCI Islamic35.2% MSCI Islamic M-Series78.5% FTSE Shariah34.5% |
| BE BLOOM ENERGY CORPORATION | COMPLIANT | 4.08% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| DUK DUKE ENERGY CORPORATION | NON_COMPLIANT | 4.05% | AAOIFI95.1% Usmani45.3% Dow Jones Islamic98.9% S&P Shariah107.5% MSCI Islamic45.0% MSCI Islamic M-Series107.5% FTSE Shariah44.4% |
| EXC EXELON CORPORATION | NON_COMPLIANT | 4.03% | AAOIFI109.9% Usmani42.1% Dow Jones Islamic115.7% S&P Shariah124.5% MSCI Islamic42.1% MSCI Islamic M-Series124.5% FTSE Shariah42.1% |
| XEL Xcel Energy Inc. | NON_COMPLIANT | 3.97% | AAOIFI82.6% Usmani47.8% Dow Jones Islamic94.9% S&P Shariah105.9% MSCI Islamic46.3% MSCI Islamic M-Series105.9% FTSE Shariah45.3% |
| AEP AMERICAN ELECTRIC POWER COMPANY, INC. | NON_COMPLIANT | 3.96% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| NEE NEXTERA ENERGY, INC. | NON_COMPLIANT | 3.91% | AAOIFI55.9% Usmani44.2% Dow Jones Islamic61.0% S&P Shariah66.0% MSCI Islamic44.2% MSCI Islamic M-Series66.0% FTSE Shariah44.2% |
| PEG PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | NON_COMPLIANT | 3.89% | AAOIFI64.6% Usmani40.3% Dow Jones Islamic59.5% S&P Shariah64.4% MSCI Islamic40.3% MSCI Islamic M-Series64.4% FTSE Shariah40.1% |
| ETR ENTERGY CORPORATION | NON_COMPLIANT | 3.84% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| NG.L NATIONAL GRID PLC | NON_COMPLIANT | 3.79% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| VST VISTRA CORP. | NON_COMPLIANT | 3.74% | AAOIFI39.4% Usmani46.0% Dow Jones Islamic36.7% S&P Shariah46.3% MSCI Islamic46.0% MSCI Islamic M-Series46.3% FTSE Shariah46.0% |
| CEG CONSTELLATION ENERGY CORPORATION. | COMPLIANT | 3.65% | AAOIFI18.4% Usmani19.8% Dow Jones Islamic20.8% S&P Shariah24.7% MSCI Islamic19.8% MSCI Islamic M-Series24.7% FTSE Shariah19.8% |
| AEE AMEREN CORPORATION | NON_COMPLIANT | 3.18% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| EIX EDISON INTERNATIONAL | NON_COMPLIANT | 3.15% | AAOIFI189.8% Usmani43.9% Dow Jones Islamic173.1% S&P Shariah173.0% MSCI Islamic43.9% MSCI Islamic M-Series173.0% FTSE Shariah42.7% |
| FE FIRSTENERGY CORP. | NON_COMPLIANT | 2.99% | AAOIFI101.8% Usmani48.1% Dow Jones Islamic111.3% S&P Shariah119.2% MSCI Islamic48.0% MSCI Islamic M-Series119.2% FTSE Shariah47.5% |
| ES Eversource Energy | NON_COMPLIANT | 2.83% | AAOIFI108.8% Usmani45.9% Dow Jones Islamic122.9% S&P Shariah132.3% MSCI Islamic45.9% MSCI Islamic M-Series132.3% FTSE Shariah45.9% |
| HUBB HUBBELL INCORPORATED | COMPLIANT | 2.59% | AAOIFI11.2% Usmani32.5% Dow Jones Islamic11.8% S&P Shariah12.7% MSCI Islamic32.5% MSCI Islamic M-Series12.7% FTSE Shariah30.6% |
| EVRG Evergy, Inc. | NON_COMPLIANT | 2.00% | AAOIFI72.2% Usmani39.7% Dow Jones Islamic84.2% S&P Shariah94.4% MSCI Islamic39.4% MSCI Islamic M-Series94.4% FTSE Shariah39.2% |
| LNT ALLIANT ENERGY CORPORATION | NON_COMPLIANT | 1.91% | AAOIFI62.6% Usmani45.2% Dow Jones Islamic67.4% S&P Shariah74.1% MSCI Islamic44.4% MSCI Islamic M-Series74.1% FTSE Shariah44.4% |
| EMA.TO EMERA INCORPORATED | NON_COMPLIANT | 1.72% | AAOIFIfail Usmanifail Dow Jones Islamicfail S&P Shariahfail MSCI Islamicfail MSCI Islamic M-Seriesfail FTSE Shariahfail |
| FIDELITY COLCHESTER STR TR MONEY MKT GOV PORT | UNSCREENED | 1.68% | no in-house ratios for this holding |
| MTZ MASTEC, INC. | COMPLIANT | 1.62% | AAOIFI16.4% Usmani33.2% Dow Jones Islamic19.2% S&P Shariah24.0% MSCI Islamic29.6% MSCI Islamic M-Series24.0% FTSE Shariah25.1% |
| TLN TALEN ENERGY CORP | NON_COMPLIANT | 1.37% | AAOIFI61.3% Usmani63.5% Dow Jones Islamic68.1% S&P Shariah74.8% MSCI Islamic63.5% MSCI Islamic M-Series74.8% FTSE Shariah63.5% |
| PNW PINNACLE WEST CAPITAL CORPORATION | NON_COMPLIANT | 1.27% | AAOIFI132.7% Usmani48.2% Dow Jones Islamic147.1% S&P Shariah162.0% MSCI Islamic48.2% MSCI Islamic M-Series162.0% FTSE Shariah32.4% |
| OGE OGE ENERGY CORP. | NON_COMPLIANT | 1.04% | AAOIFI55.4% Usmani37.1% Dow Jones Islamic61.2% S&P Shariah67.4% MSCI Islamic37.1% MSCI Islamic M-Series67.4% FTSE Shariah37.1% |
| IDA IDACORP, INC. | NON_COMPLIANT | 0.82% | AAOIFI43.9% Usmani33.8% Dow Jones Islamic52.0% S&P Shariah58.2% MSCI Islamic33.7% MSCI Islamic M-Series58.2% FTSE Shariah33.7% |
| ENS ENERSYS | COMPLIANT | 0.68% | AAOIFI17.1% Usmani28.3% Dow Jones Islamic22.3% S&P Shariah24.2% MSCI Islamic28.2% MSCI Islamic M-Series24.2% FTSE Shariah26.3% |
| TXNM TXNM Energy, Inc. | NON_COMPLIANT | 0.65% | AAOIFI85.5% Usmani45.0% Dow Jones Islamic101.3% S&P Shariah117.1% MSCI Islamic45.0% MSCI Islamic M-Series117.1% FTSE Shariah44.6% |
| PORTLAND GENERAL ELECTRIC COMPANY | UNSCREENED | 0.61% | no in-house ratios for this holding |
| ORA ORMAT TECHNOLOGIES, INC. | NON_COMPLIANT | 0.60% | AAOIFI18.2% Usmani17.9% Dow Jones Islamic21.1% S&P Shariah23.3% MSCI Islamic17.8% MSCI Islamic M-Series23.3% FTSE Shariah17.2% |
| NWE NORTHWESTERN ENERGY GROUP, INC. | NON_COMPLIANT | 0.42% | AAOIFI80.1% Usmani40.2% Dow Jones Islamic97.3% S&P Shariah105.7% MSCI Islamic40.1% MSCI Islamic M-Series105.7% FTSE Shariah40.1% |
| AVISTA CORPORATION | UNSCREENED | 0.34% | no in-house ratios for this holding |
| CWEN CLEARWAY ENERGY, INC. | NON_COMPLIANT | 0.29% | AAOIFI151.8% Usmani59.0% Dow Jones Islamic159.3% S&P Shariah176.9% MSCI Islamic59.0% MSCI Islamic M-Series176.9% FTSE Shariah54.0% |
| PLUG PLUG POWER INC. | COMPLIANT | 0.28% | AAOIFI25.2% Usmani37.6% Dow Jones Islamic31.7% S&P Shariah31.3% MSCI Islamic36.3% MSCI Islamic M-Series31.3% FTSE Shariah26.5% |
| HE HAWAIIAN ELECTRIC INDUSTRIES, INC. | NON_COMPLIANT | 0.23% | AAOIFI120.1% Usmani33.3% Dow Jones Islamic115.4% S&P Shariah129.3% MSCI Islamic27.4% MSCI Islamic M-Series129.3% FTSE Shariah27.0% |
| SMR Nuscale Power Corp | NON_COMPLIANT | 0.17% | AAOIFI0.1% Usmani0.3% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.3% MSCI Islamic M-Series0.1% FTSE Shariah0.0% |
| AMSC AMERICAN SUPERCONDUCTOR CORPORATION | COMPLIANT | 0.13% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| FCEL FUELCELL ENERGY, INC. | NON_COMPLIANT | 0.11% | AAOIFI11.7% Usmani12.7% Dow Jones Islamic39.7% S&P Shariah38.1% MSCI Islamic12.7% MSCI Islamic M-Series38.1% FTSE Shariah11.7% |
| EOSE EOS ENERGY ENTERPRISES, INC. | NON_COMPLIANT | 0.09% | AAOIFI45.4% Usmani70.7% Dow Jones Islamic33.5% S&P Shariah47.2% MSCI Islamic70.7% MSCI Islamic M-Series47.2% FTSE Shariah68.1% |
| AMERESCO, INC. | UNSCREENED | 0.07% | no in-house ratios for this holding |
| EVgo Inc | UNSCREENED | 0.02% | no in-house ratios for this holding |
The published standards disagree about this fund by 6 points of portfolio weight — 22.6% of it passes AAOIFI, 16.3% 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 22.6% ratios fail on 72.0% 6.9% not rated under AAOIFI
ratios pass on 16.3% ratios fail on 78.3% 6.9% not rated under Usmani
ratios pass on 22.6% ratios fail on 72.0% 6.9% not rated under Dow Jones Islamic
ratios pass on 22.6% ratios fail on 72.0% 6.9% not rated under S&P Shariah
ratios pass on 18.1% ratios fail on 76.5% 6.9% not rated under MSCI Islamic
ratios pass on 22.6% ratios fail on 72.0% 6.9% not rated under MSCI Islamic M-Series
ratios pass on 19.7% ratios fail on 74.9% 6.9% not rated under FTSE Shariah
41 of 46 listed holdings carry our own per-methodology verdicts (99% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 35 (82% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| D Dominion Energy, Inc. | 4.58% |
| SO THE SOUTHERN COMPANY | 4.12% |
| ED CONSOLIDATED EDISON, INC. | 4.08% |
| DUK DUKE ENERGY CORPORATION | 4.05% |
| EXC EXELON CORPORATION | 4.03% |
| XEL Xcel Energy Inc. | 3.97% |
| AEP AMERICAN ELECTRIC POWER COMPANY, INC. | 3.96% |
| NEE NEXTERA ENERGY, INC. | 3.91% |
| PEG PUBLIC SERVICE ENTERPRISE GROUP INCORPORATED | 3.89% |
| ETR ENTERGY CORPORATION | 3.84% |
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.
Global X U.S. Electrification ETF (ZAP) 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.
Still fetching analyst coverage — 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.
Computing the full ratio and business-activity breakdown for ZAP — 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.
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) | 49.60 | NEUTRAL |
| Stochastic %K (14) | 67.10 | NEUTRAL |
| CCI (20) | 58.74 | NEUTRAL |
| Williams %R (14) | -32.90 | NEUTRAL |
| MACD (12,26,9) | 0.13 | BUY |
| ROC (10) | 2.96 | BUY |
| Momentum (10) | 0.90 | BUY |
| EMA (10) | 31.29 | SELL |
| SMA (10) | 31.30 | SELL |
| EMA (20) | 31.19 | SELL |
| SMA (20) | 30.95 | BUY |
| EMA (30) | 31.26 | SELL |
| SMA (30) | 31.09 | BUY |
| EMA (50) | 31.52 | SELL |
| SMA (50) | 31.49 | SELL |
| EMA (100) | 31.89 | SELL |
| SMA (100) | 32.43 | SELL |
| EMA (200) | 31.54 | SELL |
| SMA (200) | 32.12 | SELL |
The fund invests at least 80% of its net assets, plus borrowings for investment purposes (if any), in the securities of the underlying index, which may include common stocks and American Depositary Receipts ("ADRs") based on the securities in the underlying index. The underlying index is, as presently constituted, designed to track the performance of U.S. listed companies domiciled in developed markets and involved in electrification. The fund is non-diversified.
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 | BULLISH | 42 |
| ⏰ 4H | BULLISH | 27 |
| 🕐 1H | BULLISH | 98 |
| ⏱ 15-Min | BULLISH | 130 |
| ⏲ 5-Min | BEARISH | 234 |
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.