Not Compliant – Page 89

7189 – Nishi-Nippon Financial Holdings Inc

Nishi-Nippon Financial Holdings Inc is not Shariah Compliant because of its involvement in Banks (NEC) and related activities.

Nishi-Nippon Railroad Co Ltd is not Shariah Compliant because it fails the financial ratios.

Nippon Prologis REIT Inc is not Shariah Compliant because it fails the financial ratios.

Nippon REIT Investment Corp is not Shariah Compliant because it fails the financial ratios.

Nippon Building Fund Inc is not Shariah Compliant because it fails the financial ratios.

Nippon Chemi-Con Corp is not Shariah Compliant because it fails the financial ratios.

Nippon Coke & Engineering Co Ltd is not Shariah Compliant because it fails the financial ratios.

Nippon Express Holdings Inc is not Shariah Compliant because it fails the financial ratios.

Nippon Paint Holdings Co Ltd is not Shariah Compliant because it fails the financial ratios.

Nippon Paper Industries Co Ltd is not Shariah Compliant because it fails the financial ratios.