London Stock Exchange welcomes the listing of Almalia Sanlam Active Shariah Global Equity UCITS ETF

London Stock Exchange has welcomed the listing of Almalia Sanlam Active Shariah Global Equity UCITS ETF (ticker: AMAL). 

The Almalia Sanlam Active Shariah Global Equity UCITS ETF (the ETF) will launch via the HANetf platform and will be the world’s first active global equity Shariah-compliant ETF .

Almalia has selected Sanlam Investments UK to manage the assets of the ETF based on the success of its award-winning Global High Quality Strategy which was launched by Sanlam’s Global Head of Equities, Pieter Fourie, in 2008. The ETF will form part of this strategy and will be managed by Pieter along with his team of six investment professionals.

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 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.  

Paul-David Oosthuizen, CEO of Almalia said: “We are proud to be the first to launch an actively managed Shariah compliant global equities ETF.  Our team is passionate about values-based investing and providing innovative solutions to underserved investors. This ETF may be suitable for investors looking for an actively managed strategy with a focus on good governance, as well as those who wish to invest in a Shariah compliant way.”

Pieter Fourie, Head of Global Equities at Sanlam said: “It is an incredibly exciting opportunity and privilege to launch the world’s first actively managed Shariah-compliant ETF.  The launch allows us the opportunity to demonstrate that active management using high quality-based investment principles within the parameters of a Shariah compliant universe can add significant value to investors.  With this fund launch we believe an underserviced market can be given a better outcome, by following the same strategy as our Global High Quality fund which invests in businesses that have durable business models, wide economic moats and the ability to deliver significant shareholder value over the long term.”

When you trade ETFs your capital is at risk.

ETF

EXCHANGE

ISIN

BB CODE

SEDOL

CURRENCY

Almalia Sanlam Active Shariah Global Equity UCITS ETF

London Stock Exchange

IE00BMYMHS24

AMAL LN

BMDNKB0

USD

Almalia Sanlam Active Shariah Global Equity UCITS ETF

London Stock Exchange

IE00BMYMHS24

AMAP.L

BMDNKC1

GBP

Quick facts

Track
Market: Main Market
Instrument market cap (£m)
-
Listing/Admission to trading
30 Sep 2020
Looking for new and recent issues?

More recent

108.44
London Stock Exchange welcomes the Rt Hon John Glen, Economic Secretary to the Treasury, celebrating HM Treasury UK Sovereign Sukuk

The UK Government today celebrated the listing of its second sovereign Sukuk on London Stock Exchange. The 5-year offering was for £500 million, more than double the size of the UK Government’s debut issuance and the largest sterling Sukuk issuance to date. The UK’s second Sukuk saw strong investor participation, with demand from a diverse group of high-quality institutional investors from the

Learn more
97.84
London Stock Exchange welcomes Cornerstone FS plc to AIM

The Ordinary Shares of Cornerstone FS plc were admitted to trading at 8.00am on Tuesday 6 April 2021, under the stock market ticker CSFS. The placing price was 61p per share, resulting in a market capitalisation of £12.4 million.

Cornerstone FS plc, is a cloud-based provider of international payment, currency risk management and electronic account services to SMEs. Its strategy is to

Learn more
133.2
London Stock Exchange welcomes Deliveroo Holdings plc to the Main Market

Today, the online food delivery platform Deliveroo has made a significant step in the execution of its ambitious growth plans as it begins trading on the Main Market of London Stock Exchange, having raised net proceeds of around £1.5bn. Deliveroo’s admission is the biggest in London since 2011 and the largest UK technology listing of all time.

Founded in 2013 by Will Shu, Deliver

Learn more
77.64
London Stock Exchange welcomes Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market

London Stock Exchange welcomed Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market today, after it raised gross proceeds of £300 million in its Initial Public Offering.

Digital 9 Infrastructure plc (DGI9) is a newly established, externally managed investment trust. It will invest in a range of digital infrastructure assets which deliver a reliable, functioni

Learn more