RXL – Rexel SA

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

BALN – Baloise Holding AG

Baloise Holding AG is not Shariah Compliant because of its involvement in Multiline Insurance & Brokers (NEC) and related activities.

ANA – Acciona SA

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

RENA – Renault SA

Renault SA is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.

FOUG – Eiffage SA

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

ACCP – Accor SA

Accor SA is not Shariah Compliant because of its involvement in Hotels, Motels & Cruise Lines (NEC) and related activities.