UPDC – UPDC PLC
UPDC PLC is not Shariah Compliant because it fails the financial ratios.
Result: Not Compliant
CUSTODIAN – Custodian Investment PLC
Custodian Investment PLC is not Shariah Compliant because of its involvement in Multiline Insurance & Brokers (NEC) and related activities.
BETAGLA – Beta Glass PLC
Beta Glass PLC is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.
JAIZBANK – Jaiz Bank PLC
Jaiz Bank PLC is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
STERLINGNG – Sterling Financial Holdings Company PLC
Sterling Financial Holdings Company PLC is not Shariah Compliant because of its involvement in Corporate Banks and related activities.
CHAMPIO – Champion Breweries PLC
Champion Breweries PLC is not Shariah Compliant because of its involvement in Brewers (NEC) and related activities.
NEM – NEM Insurance PLC
NEM Insurance PLC is not Shariah Compliant because of its involvement in Property & Casualty Insurance (NEC) and related activities.
FCMB – Fcmb Group PLC
Fcmb Group PLC is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
GUINNES – Guinness Nigeria Plc
Guinness Nigeria Plc is not Shariah Compliant because of its involvement in Brewers (NEC) and related activities.
UCAP – United Capital PLC
United Capital PLC is not Shariah Compliant because of its involvement in Diversified Investment Services and related activities.