Not Compliant – Page 448

FRET – First Real Estate Investment Trust

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

Valuemax Group Ltd is not Shariah Compliant because of its involvement in Interest-based Financing and related activities.

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

CDL Hospitality Trusts is not Shariah Compliant because of its involvement in Hospitality REITs and related activities.

Singapore Post Ltd is not Shariah Compliant because it fails the financial ratios.

Digital Core REIT is not Shariah Compliant because it fails the financial ratios.

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

Hong Leong Finance Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

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

Lendlease Global Commercial REIT is not Shariah Compliant because it fails the financial ratios.