FAIT – Faisal Islamic Bank of Egypt SAE
Faisal Islamic Bank of Egypt SAE is not Shariah Compliant because of its involvement in Commercial Banking and related activities.
Result: Not Compliant
GBCO – GB Auto SAE
GB Auto SAE is not Shariah Compliant because it fails the financial ratios.
ORHD – Orascom Development Egypt SAE
Orascom Development Egypt SAE is not Shariah Compliant because of its involvement in Hotels, Motels & Cruise Lines (NEC) and related activities.
SAH – Sanlam Maroc SA
Sanlam Maroc SA is not Shariah Compliant because of its involvement in Multiline Insurance & Brokers (NEC) and related activities.
CFG – CFG Bank SA
CFG Bank SA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
POULA – Poulina Group Holding SA
Poulina Group Holding SA is not Shariah Compliant because of its involvement in Poultry Processing and related activities.
BCI – Marocaine pour le Commerce et l’Industrie Banque SA
Marocaine pour le Commerce et l’Industrie Banque SA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
BTFH – Beltone Financial Holding SAE
Beltone Financial Holding SAE is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.
HRHO – EFG Holding Company SAE
EFG Holding Company SAE is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.
FWRY – Fawry for Banking Technology and Electronic Payments SAE
Fawry for Banking Technology and Electronic Payments SAE is not Shariah Compliant because of its involvement in Financial Transactions Processing, Reserve, and Clearinghouse Activities and…