Not Compliant – Page 461

INTBREW – International Breweries PLC

International Breweries PLC is not Shariah Compliant because of its involvement in Brewers (NEC) and related activities.

Transcorp Hotels PLC is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.

United Bank for Africa PLC is not Shariah Compliant because of its involvement in Corporate Banks and related activities.

Presco PLC is not Shariah Compliant because it fails the financial ratios.

Stanbic IBTC Holdings PLC is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Nestle Nigeria PLC is not Shariah Compliant because it fails the financial ratios.

Access Holdings PLC is not Shariah Compliant because of its involvement in Corporate Banks and related activities.

First HoldCo PLC is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Fidelity Bank PLC is not Shariah Compliant because of its involvement in Corporate Banks and related activities.

Ecobank Transnational Incorporated SA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.