GRBT – Guerbet SA

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

HAWG – Hawesko Holding SE

Hawesko Holding SE is not Shariah Compliant because of its involvement in Alcohol and related activities.

ACR – Axactor ASA

Axactor ASA is not Shariah Compliant because of its involvement in Corporate Financial Services (NEC) and related activities.