ATEO – Atenor SA

Atenor SA is not Shariah Compliant because it fails the financial ratios.

JAREN – Jaeren Sparebank

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

NOHOP – NoHo Partners Oyj

NoHo Partners Oyj is not Shariah Compliant because of its involvement in Alcohol and night clubs and related activities.

ADE – Bitcoin Group SE

Bitcoin Group SE is not Shariah Compliant because of its involvement in Venture Capital and related activities.

GAMH – GAM Holding AG

GAM Holding AG is not Shariah Compliant because of its involvement in Investment Management and related activities.