Almalia to launch the world’s first actively managed global equity Shariah compliant ETF on London Stock Exchange

28 September 2020, London - Later this week, the international financial services group, Almalia, will launch the world’s first active global equity Shariah compliant ETF. The Almalia Sanlam Active Shariah Global Equity UCITS ETF (the ETF) will launch via the HANetf platform and will list on the London Stock Exchange later this week.

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 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.

The fund 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.