ACX – Acerinox SA

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

AOO – Aedifica NV

Aedifica NV is not Shariah Compliant because it fails the financial ratios.

PUMG – Puma SE

Puma SE is not Shariah Compliant because it fails the financial ratios.

SCYR – Sacyr SA

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

CMBN – Cembra Money Bank Ltd

Cembra Money Bank Ltd is not Shariah Compliant because of its involvement in Retail & Mortgage Banks and related activities.