EMEIS – Emeis SA

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

KINVb – Kinnevik AB

Kinnevik AB is not Shariah Compliant because of its involvement in Investment Holding Companies (NEC) and related activities.

FMONC – Financiere Moncey SA

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

CARM – Carmila SA

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