UMG – Universal Music Group NV

Universal Music Group NV is not Shariah Compliant because of its involvement in Music, Music Video Production & Distribution and related activities.

ADYEN – Adyen NV

Adyen NV is not Shariah Compliant because it fails the financial ratios.

PRX – Prosus NV

Prosus NV is not Shariah Compliant because it fails the financial ratios.

AIR – Airbus SE

Airbus SE is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.

PPH – PPHE Hotel Group Ltd

PPHE Hotel Group Ltd is not Shariah Compliant because of its involvement in Hotels & Motels and related activities.

HEINY – Heineken NV

Heineken NV is not Shariah Compliant because of its involvement in Brewers (NEC) and related activities.