Not Compliant – Page 443

PSCC – PSC Corporation Ltd

PSC Corporation Ltd is not Shariah Compliant because it fails the financial ratios.

BHG Retail REIT is not Shariah Compliant because it fails the financial ratios.

Global Investments Ltd is not Shariah Compliant because of its involvement in Closed End Funds and related activities.

KSH Holdings Ltd is not Shariah Compliant because it fails the financial ratios.

Hafary Holdings Ltd is not Shariah Compliant because it fails the financial ratios.

Acrophyte Hospitality Trust is not Shariah Compliant because of its involvement in Hospitality REITs and related activities.

Ec World Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

Asian Pay Television Trust is not Shariah Compliant because of its involvement in Cable Service Providers and related activities.

Manulife US Real Estate Investment Trust is not Shariah Compliant because it fails the financial ratios.

Yoma Strategic Holdings Ltd is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.