Not Compliant – Page 413

IFCI – IFCI Ltd

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

Aptus Value Housing Finance India Ltd is not Shariah Compliant because of its involvement in Retail & Mortgage Banks and related activities.

IndiGrid Infrastructure Trust is not Shariah Compliant because of its involvement in Other Financial Vehicles and related activities.

Elitecon International Ltd is not Shariah Compliant because of its involvement in Tobacco (NEC) and related activities.

Prime Focus Ltd is not Shariah Compliant because of its involvement in Entertainment Production (NEC) and related activities.

Reliance Power Ltd is not Shariah Compliant because it fails the financial ratios.

UTI Asset Management Company Ltd is not Shariah Compliant because of its involvement in Wealth Management and related activities.

Vertis Infrastructure Trust is not Shariah Compliant because of its involvement in Other Financial Vehicles and related activities.

Maharashtra Scooters Ltd is not Shariah Compliant because of its involvement in Investment Holding Companies (NEC) and related activities.

Kirloskar Oil Engines Ltd is not Shariah Compliant because it fails the financial ratios.