A key driver behind Manulife’s addition of Islamic funds is Canada’s sizable and growing Muslim population. (Shutterstock)

Islamic Finance

Canada’s Manulife adds Islamic funds to meet growing demand in North American market 


Manulife, a Toronto-based insurance and financial services firm with around $826 billion of assets under management, has added two Sharia-compliant funds to its portfolio to meet growing demand from Canadian Muslim investors.

Manulife Canada Retirement launched the Manulife SP Funds S&P 500 Shariah Industry Exclusions ETF (exchange traded fund) Fund and the Manulife SP Funds Dow Jones Sukuk ETF Fund to its iWatch platform.

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tags:

Islamic funds