4208 – UBE Corp

UBE Corp is not Shariah Compliant because it fails the financial ratios.

9418 – U-Next Holdings Co Ltd

U-Next Holdings Co Ltd is not Shariah Compliant because of its involvement in Motion Picture and Video Distribution and related activities.

TSGJ – Tsogo Sun Ltd

Tsogo Sun Ltd is not Shariah Compliant because of its involvement in Casinos and related activities.

TCSG – T-Tekhnologii MKPAO

T-Tekhnologii MKPAO is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.