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Result: Not Compliant

LQAG – Laiqon AG

Laiqon AG is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.

AURG – Aurskog Sparebank

Aurskog Sparebank is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

EDLG – Edel SE & Co KgaA

Edel SE & Co KgaA is not Shariah Compliant because of its involvement in Entertainment Production (NEC) and related activities.

NF4 – Netfonds AG

Netfonds AG is not Shariah Compliant because of its involvement in Diversified Investment Services and related activities.

QRF – Qrf NV

Qrf NV is not Shariah Compliant because it fails the financial ratios.

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