BNJ – Banijay Group NV

Banijay Group NV is not Shariah Compliant because of its involvement in Movie, TV Production & Distribution and related activities.

FTKn – flatexDEGIRO AG

flatexDEGIRO AG is not Shariah Compliant because of its involvement in Investment Banking & Brokerage Services (NEC) and related activities.

PROT – Protector Forsikring ASA

Protector Forsikring ASA is not Shariah Compliant because of its involvement in Multiline Insurance & Brokers (NEC) and related activities.

ALMB – ALM. Brand A/S

ALM. Brand A/S is not Shariah Compliant because of its involvement in Property & Casualty Insurance (NEC) and related activities.

VONN – Vontobel Holding AG

Vontobel Holding AG is not Shariah Compliant because of its involvement in Investment Management & Fund Operators (NEC) and related activities.

EURA – Eurazeo SE

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

ENAG – Enagas SA

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

COVH – Covivio Hotels SCA

Covivio Hotels SCA is not Shariah Compliant because of its involvement in Hospitality REITs and related activities.