• ASB Capital partners with State Street Global Advisors to launch a Shari’a-compliant global equity fund for diverse investors.
• The fund aims to provide exposure to global equity markets, targeting institutional, family office, and individual investors.
• Managed by SSGA’s Active Fundamental Equity team, the fund will leverage 30 years of research-driven investment strategies.

ASB Capital

What happened? ASB Capital announced the launch of a new global equity Sharia fund, which it will manage in partnership with State Street Global Advisors (SSGA).

The fund aims to provide institutional investors, family offices, and individual investors exposure to a broad universe of publicly listed companies across global equity markets.

“The Fund reflects ASB Capital’s ongoing commitment to innovation and forming strategic partnerships with renowned global asset managers, unlocking access to global markets for investors in the region and beyond.”

Hichem Djouhri, Senior Executive Officer at ASB Capital. 

Why does this matter? The global Sharia compliant finance industry is set to surpass USD 3.5 trillion by 2025. This signals an increase in demand for ethical investment products. 

Sharia Fund

How will the fund be managed? The Fund, which will be domiciled in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA). 

SSGA’s Active Fundamental Equity team will manage the fund. It leverages on a research-driven investment approach developed over 30 years. With the backing of SSGA’s proprietary Confidence Quotient Framework, it identifies high quality, durable-growth companies with strong fundamentals and attractive valuations.

Emmanuel Laurina, Head of Middle East, Africa, from State Street Global Advisors added, “By working with ASB Capital, we combine their deep regional insight with our global capabilities, providing investors with access to a curated portfolio of high conviction and high-quality global equities. ”

Who are they? ASB Capital is a purpose-driven asset management firm that provides bespoke wealth solutions. This is for High-Net-Worth Individuals (HNWIs), family offices, corporations, and institutional clients. 

State Street Global Advisors is an asset management arm for State Street. It serves governments, institutions, and financial advisors.