As of 27/09/2023

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

As of 27/09/2023

Listings & Codes

Exchange Ticker RIC SEDOL ISIN Valoren WKN CCY Listing Date
LSE AMAL LN HAAMAL.L BMDNKB0 IE00BMYMHS24 - - USD 30/09/2020
LSE AMAP LN AMAP.L BMDNKC1 IE00BMYMHS24 - - GBP 30/09/2020
Borsa Italiana AMAL IM AMALI.MI BMWTXS7 IE00BMYMHS24 - - EUR 12/10/2020
Xetra ASWE GY ASWE.DE BMWTXV0 IE00BMYMHS24 - A2P5A6 EUR 12/10/2020
SIX AMAL SW AMALCHF.S BMX8CZ3 IE00BMYMHS24 57400269 - CHF 01/03/2022

Registrations

Fund Overview
TickerAMAL
Asset ClassEquities
Base CurrencyUSD
Inception Date28/09/2020
IndexAMAL Strategy
Number of Holdings40
TER75 bps
Net Asset ValuesAs of 27/09/2023
NAV$7.17
Net Assets of Fund11,190,078.97 (USD)
Shares Outstanding1,560,000
Issuer AUM$704,437,155

* NAV
** AUM
*** Your broker will charge commissions to purchase ETC like shares

Structure
Replication MethodPhysical
DomicileIreland
UCITS CompliantYes
Financial End Year31/03
Legal FormICAV
Legal And Tax Information
UCITS EligibleYes
ISA EligibleYes
SIPP EligibleYes
UK Fund Reporting Status
Key Service Providers
CustodianThe Bank of New York Mellon SA/NV, Dublin Branch
Portfolio ManagerSaturna Capital Corporation


AMAL Performance 1M 3M 6M YTD 12M Since Inception
(28/09/2020)
Saturna Al-Kawthar Global Focused Equity UCITS ETF - Acc -1.78% 4.52% 11.78% 14.46% 16.08% -2.56%
Source: Bloomberg. as of 31 August 2023.

Performance for the fund and the index is shown in USD. Fund performance is shown net of fees with income reinvested where applicable. Please be aware that fees have a detrimental impact on the performance of an ETP. Past performance is not an indicator for future results

Monthly Reports

Monthly ReportsSeptember 2023

Islamic Equity Monthly Report | September
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Monthly ReportsAugust 2023

Islamic Equity Monthly Report | August
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Monthly ReportsJuly 2023

Islamic Equity Monthly Report | July
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Webinars

WebinarSeptember 2022

CISI | Getting active: The new frontier for ETFs? | 7th September 2022
Read More

Press Releases

PressJanuary 2023

HANetf looks to 2023 with its Thematic & Digital Assets Review, including exclusive survey of 100 wealth managers
Read More

PressFebruary 2022

HANetf more than doubles footprint in Switzerland with a dozen new listings
Read More

PressNovember 2021

Saturna Capital to launch actively managed Islamic global equity ETF with ESG characteristics, as HANetf CEO predicts big rise in active ETFs in Europe
Read More

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Related Content

Listings & Codes

Exchange Ticker RIC SEDOL ISIN Valoren WKN CCY Listing Date
LSE AMAL LN HAAMAL.L BMDNKB0 IE00BMYMHS24 - - USD 30/09/2020
LSE AMAP LN AMAP.L BMDNKC1 IE00BMYMHS24 - - GBP 30/09/2020
Borsa Italiana AMAL IM AMALI.MI BMWTXS7 IE00BMYMHS24 - - EUR 12/10/2020
Xetra ASWE GY ASWE.DE BMWTXV0 IE00BMYMHS24 - A2P5A6 EUR 12/10/2020
SIX AMAL SW AMALCHF.S BMX8CZ3 IE00BMYMHS24 57400269 - CHF 01/03/2022

ESG and SFDR

Shariah and ESG Screens

Saturna positively screen for Islamic and ESG factors such as low debt, excellent corporate governance, supply chain integrity, and a commitment to reducing environmental risk in the areas of carbon emissions, water and waste. Negative screening excludes companies engaged in prohibited activities including  no alcohol, pork, gambling, weapons, tobacco, as well as high-risk ESG activities such as fossil fuel extraction and refining.

How to Buy AMAL

HANetf funds are available to buy through self-directed platforms and brokers, and intermediary platforms across Europe listed in the link below. If you would like more information on how to trade with APs/market makers, please contact our Capital Markets Team at [email protected]

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Scott Klimo CFA

Chief Investment Officer

33-year industry veteran and Chief Investment Officer of Saturna Capital, Mr. Klimo earned his BA in Asian Studies from Hamilton College in Clinton, New York and also attended the Chinese University of Hong Kong and the Mandarin Training Center in Taipei, Taiwan. He spent the first several years of his career living and working in a variety of Asian countries and the past 20 years working as a senior analyst, research director, and portfolio manager covering global equities. Mr. Klimo is a Chartered Financial Analyst (CFA) charterholder.

Monem Salam

Monem Salam is Executive Vice President and a Director of Saturna Capital. He received his degrees from the University of Texas: BA (Austin) and MBA (Dallas).

 

He worked as the Chief Investment Officer for ITG & Associates (Dallas) until 1999; then as a representative with Morgan Stanley (suburban Dallas) until joining Saturna Capital in June 2003. He served as the Director of Islamic Investing and a Deputy Portfolio Manager to the Amana Mutual Funds Trust until moving to Kuala Lumpur in 2012 to oversee Saturna Sdn. Bhd. In 2018, he returned to the United States. He is Portfolio Manager of the Amana Income and Developing World Funds, as well as investment management accounts, and a Deputy Portfolio Manager of Amana Growth Fund.

 

Mr. Salam is Adjunct Professor at IE Business School and speaks at Islamic finance/investment conferences worldwide and he is co-author of A Muslim's Guide to Investing and Personal Finance. He has authored chapters on Islamic Investing in both Contemporary Islamic Finance and Islamic Capital Markets and he contributes articles to leading Islamic financial magazines. As a mark of recognition of his achievements in Islamic economy, Mr. Salam has been ranked among 500 of the Islamic world's most prominent and influential leaders by ISLAMICA 500 in both 2015 and 2019.

About Saturna Capital

Saturna Capital's spirited ethic of philanthropy and community involvement has been a part of our corporate mission and culture since our founding in 1989. Saturna endeavours to donate at least 5% of its pre-tax profits to local, community-based organizations each year. Saturna maintain a focus on supporting education in communities such as the provision of educational activities at the 133-acre mountain lake facility outside of Bellingham. www.saturna.com/

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