Not Compliant – Page 416

IIFL – IIFL Finance Ltd

IIFL Finance Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.

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

Karur Vysya Bank Ltd is not Shariah Compliant because of its involvement in Corporate Banks and related activities.

Nuvama Wealth Management Ltd is not Shariah Compliant because of its involvement in Brokerage Services and related activities.

Manappuram Finance Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.

IRB Infrastructure Developers Ltd is not Shariah Compliant because it fails the financial ratios.

EIH Ltd is not Shariah Compliant because of its involvement in Hotels, Motels & Cruise Lines (NEC) and related activities.

Anand Rathi Wealth Ltd is not Shariah Compliant because of its involvement in Investment Management and related activities.

Angel One Ltd is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.

National Highways Infra Trust is not Shariah Compliant because of its involvement in Other Financial Vehicles and related activities.