NYFO – Nyfosa AB

Nyfosa AB is not Shariah Compliant because it fails the financial ratios.

ARYN – Aryzta AG

Aryzta AG is not Shariah Compliant because it fails the financial ratios.

ERMT – Eramet SA

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

HAVAS – Havas NV

Havas NV is not Shariah Compliant because of its involvement in Entertainment Production (NEC) and related activities.