Not Compliant – Page 228

BMED – Banca Mediolanum SpA

Banca Mediolanum SpA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Banca Monte dei Paschi di Siena SpA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

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

Ayala Land Inc is not Shariah Compliant because it fails the financial ratios.

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

Avance Gas Holding Ltd is not Shariah Compliant because of its involvement in Shell Companies and related activities.

Avex Inc is not Shariah Compliant because of its involvement in Music, Music Video Production & Distribution and related activities.

AVIC Industry Finance Holdings Co Ltd is not Shariah Compliant because of its involvement in Sales Financing and related activities.

Awa Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Axiata Group Bhd is not Shariah Compliant because it fails the financial ratios.