ANA – Acciona SA

Acciona SA is not Shariah Compliant because it fails the financial ratios.

MAP – Mapfre SA

Mapfre SA is not Shariah Compliant because of its involvement in Multiline Insurance & Brokers (NEC) and related activities.

BKT – Bankinter SA

Bankinter SA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.