PUNA – Punjab & Sind Bank
Punjab & Sind Bank is not Shariah Compliant because of its involvement in Corporate Banks and related activities.
Result: Not Compliant
NATS – National Securities Depository Ltd
National Securities Depository Ltd is not Shariah Compliant because of its involvement in Clearing, Settlement & Custodial Service and related activities.
CHAL – Chalet Hotels Ltd
Chalet Hotels Ltd is not Shariah Compliant because of its involvement in Hotels & Motels and related activities.
AADA – Aadhar Housing Finance Ltd
Aadhar Housing Finance Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.
CRDE – CreditAccess Grameen Ltd
CreditAccess Grameen Ltd is not Shariah Compliant because of its involvement in Microfinancing and related activities.
CTBK – City Union Bank Ltd
City Union Bank Ltd is not Shariah Compliant because of its involvement in Corporate Banks and related activities.
CESC – CESC Ltd
CESC Ltd is not Shariah Compliant because it fails the financial ratios.
SUTV – Sun Tv Network Ltd
Sun Tv Network Ltd is not Shariah Compliant because of its involvement in Television Broadcasting and related activities.
BANH – Bandhan Bank Ltd
Bandhan Bank Ltd is not Shariah Compliant because of its involvement in Corporate Banks and related activities.
JNSW – JSW Holdings Ltd
JSW Holdings Ltd is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.