ADGM-based Shukr Investments partners with Shariyah Review Bureau to supervise its Global Equity Fund
November 16, 2020 - Shukr Investments—an ADGM based investment manager who has received an In Principle Approval from the Financial Services Regulatory Authority—today announced that it has signed with Shariyah Review Bureau to setup its Sharia Supervisory Board and supervise its global public equity fund activities.
Founded in 2013, Shukr Investments has a presence in Abu Dhabi and the United States. Shukr Investments’ mission is to achieve annualized returns of at least 10% for its clients while donating 50% of performance fees earned to charitable causes.
"We believe that wealth is not diminished by charity and that if one shows gratitude to God for a blessing, God will increase that blessing," said Omar Bassal, Director of Shukr Investments. "That's why at Shukr Investments, we believe our success lies in being grateful and giving back to society. While we are the only firm we know of that donates half of our performance fees to charity, we hope this principle becomes an industry standard."
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