WEMABAN – Wema Bank PLC

Wema Bank PLC is not Shariah Compliant because of its involvement in Corporate Banks and related activities.

OANDO – Oando PLC

Oando PLC is not Shariah Compliant because it fails the financial ratios.

ZENITHB – Zenith Bank PLC

Zenith Bank PLC is not Shariah Compliant because of its involvement in Corporate Banks and related activities.

NB – Nigerian Breweries PLC

Nigerian Breweries PLC is not Shariah Compliant because of its involvement in Brewers (NEC) and related activities.