ICCI – ICICI Securities Ltd
ICICI Securities Ltd is not Shariah Compliant because of its involvement in Investment Banking and related activities.
Result: Not Compliant
LICH – LIC Housing Finance Ltd
LIC Housing Finance Ltd is not Shariah Compliant because of its involvement in Retail & Mortgage Banks and related activities.
MINS – Mindspace Business Parks REIT
Mindspace Business Parks REIT is not Shariah Compliant because it fails the financial ratios.
CBI – Central Bank of India Ltd
Central Bank of India Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
UCBK – UCO Bank
UCO Bank is not Shariah Compliant because of its involvement in Corporate Banks and related activities.
CHOL – Cholamandalam Financial Holdings Ltd
Cholamandalam Financial Holdings Ltd is not Shariah Compliant because of its involvement in Consumer Lending (NEC) and related activities.
NLCI – NLC India Ltd
NLC India Ltd is not Shariah Compliant because it fails the financial ratios.
GODI – Godrej Industries Ltd
Godrej Industries Ltd is not Shariah Compliant because it fails the financial ratios.
TINV – Tata Investment Corporation Ltd
Tata Investment Corporation Ltd is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.
EMBA – Embassy Office Parks REIT
Embassy Office Parks REIT is not Shariah Compliant because it fails the financial ratios.