World’s first actively managed global equity Shariah compliant ETF has listed on London Stock Exchange
Sanlam Active Shariah Global Equity UCITS ETF (ticker: AMAL) to list on three
European exchanges in coming weeks
- AMAL UCITS ETF to be
compliant with Islamic Law
- AMAL UCITS ETF has
appointed Sanlam Investments’ UK award-winning Global High Quality equity team
manage the assets
- AMAL UCITS ETF will be the 10th
and first actively managed ETF on the HANetf platform since it launched its
first ETF in October 2018
30 September 2020, London
The world's first active global equity Shariah compliant ETF, Almalia Sanlam Active Shariah Global Equity UCITS ETF (the ETF) has listed on the London Stock Exchange via HANetf's ETF platform. The Shariah compliant ETF has also been passported across Europe to Scandinavia, Italy,
the Netherlands, and Austria.
Almalia has selected Sanlam Investments UK to manage
the assets of the ETF based on the success of its award-winning Global High
Quality Strategy which was launched by Sanlam’s Global Head of Equities, Pieter
Fourie, in 2008. The ETF will form part of this strategy and will be managed by
Pieter along with his team of six investment professionals.
The ETF will aim to
achieve capital growth over the medium to long term, whilst complying with the Principles of Shariah
Investment. To this end, it will invest in companies with high returns on
capital and low leverage, as well as enduring business models with a
sustainable competitive advantage, producing significant free cash flow after
capital expenditure. Investment screening, to ascertain
the ETF’s on-going compliance with the Principles of Shariah Investment, will
be overseen by a Shariah Panel of scholars from Amanie Advisors with deep expertise
in Islamic Investment. Islamic financial products share four main features;
they are asset backed, ethical, share risks equitably and are subject to good governance.
Our Shariah compliant ETF may be suitable for investors looking to access
an experienced active management team offering a high-quality strategy with the
efficiencies, flexibility and democracy that are inherent to the ETF structure.
Paul-David Oosthuizen, CEO of Almalia said: “We are proud to be the first to launch an actively managed
Shariah compliant global equities ETF. Our team is passionate about
values-based investing and providing innovative solutions to underserved
investors. This ETF may be suitable for investors looking for an actively
managed strategy with a focus on good governance, as well as those who wish to
invest in a Shariah compliant way.”
Eslami, Head of Business Development, ETP and IOB, London Stock Exchange, commented: “Congratulations to Almalia
on the listing of their actively managed Shariah compliant ETF. ETFs are an
increasingly efficient way for institutional and retail investors to diversify
their portfolios and gain access to a wide range of products for their evolving
strategies. London Stock Exchange is a leading ETF listing and trading venue
and will continue to work with innovative issuers to bring their products to
market and provide choice to investors.”
When you trade ETFs, your capital is at risk.
|The Almalia Sanlam Active Shariah Global Equity UCITS ETF
||London Stock Exchange
|The Almalia Sanlam Active Shariah Global Equities UCITS ETF
||London Stock Exchange
For more information, visit the Almalia Sanlam Active Shariah Global Equity UCITS ETF fund page.
a financial services group headquartered in the UK with a presence in the UAE.
Almalia's core focus is providing innovation within Islamic finance, to create
greater variety and global access to Shariah-compliant investment
opportunities. This core focus in underpinned by two themes namely wealth
creation and meaningful financial inclusion. www.almalia.com
Sanlam Investments UK is the offshore
boutique asset management and fund business arm of the financial services
group, Sanlam Limited. Sanlam Investments UK manages over £5.3 billion in both single strategy
and long only funds, specialist multi-asset solutions and captive fund
Sanlam Limited is an
international financial services group with a listing on the Johannesburg Stock
Exchange and a market capitalisation of £10.2 billion. Established in 1918, the group provides a range of
services to over 10 million clients globally, including insurance, financial
planning, investments and wealth management.