VZN – VZ Holding AG

VZ Holding AG is not Shariah Compliant because of its involvement in Investment Management and related activities.

SAGAb – Sagax AB

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

UNI – Unicaja Banco SA

Unicaja Banco SA is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

JYSK – Jyske Bank A/S

Jyske Bank A/S is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

SQN – Swissquote Group Holding SA

Swissquote Group Holding SA is not Shariah Compliant because of its involvement in Financial & Commodity Market Operators & Service Providers (NEC) and related activities.