As of 21/03/2023
Fund Overview
The Saturna Al-Kawthar Global Focused Equity UCITS ETF (ticker: AMAL) is an actively managed global equity ETF focusing on Shariah-compliant stocks with positive ESG characteristics.
The AMAL Shariah-compliant ETF aims to achieve long-term capital appreciation and exhibits the primary features of Islamic financial products: it is asset backed, ethical, shares risks equitably and is subject to good governance. The ETF typically invests in 30-45 stocks high quality, attractively priced global companies that are best-in-class on a variety of ESG, financial and valuation metrics and have solid growth prospects. The ETF invests globally and is benchmark agnostic in terms of geographic and industry allocations.
It is managed by a highly experienced team from Saturna Capital Corporation; a $6 billion asset management firm with over 31 years’ experience managing Islamic and socially responsible investment strategies.
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Why Invest in the AMAL Shariah ETF?
A tested ESG Investment philosophy:
The Saturna philosophy and process aims to generate consistent and sustainable market beating returns by seeking investments that demonstrate Shariah Islamic-compliance, including sustainable financial characteristics such as management strength, low debt, strong balance sheets and no involvement in prohibited (haram) activities. Saturna have proprietary in-house Islamic and ESG screening models which positively screen for Islamic and ESG factors.
Expert ESG and Islamic Finance Fund Managers:
Saturna Capital Corporation has 31 years’ experience managing Islamic and socially responsible investment strategies. This Shariah ETF will follow the same investment philosophy as Saturna Capital’s US-based Shariah-compliant Amana Funds: The Amana Income Fund, the Amana Growth Fund and the Amana Developing World Fund.
Shariah Compliant:
The screening process is overseen by a panel of Shariah scholars with expertise in Islamic Investments, which reviews the proposed equity securities to ascertain the on-going compliance of the ETF’s operations with the Principles of Shariah Investment.
Risks
The value of equities and equity-related securities can be affected by daily stock and currency market movements
Investors capital is fully at risk and investors may not get back the amount originally invested
Exchange rate fluctuations could have a negative or positive effect on returns
Activity managed, means the investment manager has discretion over the funds investments
Further risks are disclosed in the KIID and Prospectus