AVAS – Aavas Financiers Ltd

Aavas Financiers Ltd is not Shariah Compliant because of its involvement in Retail & Mortgage Banks and related activities.

CNFH – Can Fin Homes Ltd

Can Fin Homes Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.

SBFC – SBFC Finance Ltd

SBFC Finance Ltd is not Shariah Compliant because of its involvement in Microfinancing and related activities.

IIAN – Indian Energy Exchange Ltd

Indian Energy Exchange Ltd is not Shariah Compliant because of its involvement in Securities & Commodity Exchanges and related activities.

IFCI – IFCI Ltd

IFCI Ltd is not Shariah Compliant because of its involvement in Corporate Financial Services (NEC) and related activities.

JMSH – JM Financial Ltd

JM Financial Ltd is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.