TBZL – Tribhovandas Bhimji Zaveri Ltd
Tribhovandas Bhimji Zaveri Ltd is not Shariah Compliant because it fails the financial ratios.
Result: Not Compliant
ADVO – Advent Hotels International Ltd
Advent Hotels International Ltd is not Shariah Compliant because of its involvement in Hotels & Motels and related activities.
FEDE – Fedders Holding Ltd
Fedders Holding Ltd is not Shariah Compliant because of its involvement in Corporate Financial Services (NEC) and related activities.
VLSF – VLS Finance Ltd
VLS Finance Ltd is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.
VRDM – Vardhman Holdings Ltd
Vardhman Holdings Ltd is not Shariah Compliant because of its involvement in Corporate Financial Services (NEC) and related activities.
JINL – Jindal Poly Investment and Finance Company Ltd
Jindal Poly Investment and Finance Company Ltd is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.
IFBA – IFB Agro Industries Ltd
IFB Agro Industries Ltd is not Shariah Compliant because of its involvement in Distillers & Wineries (NEC) and related activities.
BNRS – Benares Hotels Ltd
Benares Hotels Ltd is not Shariah Compliant because of its involvement in Hotels & Motels and related activities.
ATUL – Atul Auto Ltd
Atul Auto Ltd is not Shariah Compliant because it fails the financial ratios.
BIRU – BirlaNu Ltd
BirlaNu Ltd is not Shariah Compliant because it fails the financial ratios.