Not Compliant – Page 48

5831 – Shizuoka Financial Group Inc

Shizuoka Financial Group Inc is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Shochiku Co Ltd is not Shariah Compliant because of its involvement in Movie, TV Production & Distribution and related activities.

Shin Kong Financial Holding Co Ltd is not Shariah Compliant because of its involvement in Life & Health Insurance (NEC) and related activities.

Shin Nippon Biomedical Laboratories Ltd is not Shariah Compliant because it fails the financial ratios.

Shindengen Electric Manufacturing Co Ltd is not Shariah Compliant because it fails the financial ratios.

Shinfox Energy Co Ltd is not Shariah Compliant because it fails the financial ratios.

Shinhan Alpha REIT Co Ltd is not Shariah Compliant because it fails the financial ratios.

Shining Building Business Co Ltd is not Shariah Compliant because it fails the financial ratios.

Shinkong Insurance Co Ltd is not Shariah Compliant because of its involvement in Property & Casualty Insurance (NEC) and related activities.

Shimizu Bank Ltd is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.