ECR – Ercros SA
Ercros SA is not Shariah Compliant because it fails the financial ratios.
Result: Not Compliant
KARNELb – Karnell Group AB (publ)
Karnell Group AB (publ) is not Shariah Compliant because of its involvement in Investment Holding Companies (NEC) and related activities.
ALNTA – Alantra Partners SA
Alantra Partners SA is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.
HNSA – Hansa Biopharma AB
Hansa Biopharma AB is not Shariah Compliant because it fails the financial ratios.
SFRG – Stillfront Group AB (publ)
Stillfront Group AB (publ) is not Shariah Compliant because it fails the financial ratios.
HBLN – Hypothekarbank Lenzburg AG
Hypothekarbank Lenzburg AG is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
IZER – Izertis SA
Izertis SA is not Shariah Compliant because it fails the financial ratios.
GLKBN – Glarner Kantonalbank
Glarner Kantonalbank is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.
RELAIS – Relais Group Oyj
Relais Group Oyj is not Shariah Compliant because it fails the financial ratios.
FSECURE – F-Secure Oyj
F-Secure Oyj is not Shariah Compliant because it fails the financial ratios.