Bringing you live news and features since 2006 

Saturna and HANetf launch Islamic-compliant ESG ETF

RELATED TOPICS​

Saturna Capital and HANetf have announced the launch of an actively managed global equity ETF focusing on Islamic-compliant stocks with positive ESG characteristics. 

The Saturna Al-Kawthar Global Focused Equity UCITS ETF (Ticker: AMAL) will launch via the HANetf platform and is listed on London Stock Exchange, Borsa Italiana and XETRA.

The Saturna Al-Kawthar Global Focused Equity UCITS ETF (Ticker: AMAL) aims to achieve long-term capital appreciation.  The ETF complies with the principles of Islamic investing and will integrate ESG scoring into its evaluation of the investments it makes. Managing the AMAL ETF will be the highly experienced team from Saturna Capital Corporation; a USD6 billion asset management firm based in Bellingham, Washington, US that has managed Islamic and socially responsible investment strategies for over three decades. Saturna Capital is one of the largest managers of Islamic-compliant assets in the United States.

Jane Carten, President of Saturna Capital says: “For several years investors from outside the US have asked how they could access our investment strategies and we are excited to have this opportunity to offer an Islamic UCITs ETF to those investors.”

AMAL will follow a similar investment philosophy and approach as the US-registered Amana Growth (AMAGX), Amana Income (AMANX) and Amana Developing World (AMDWX) Funds, which also incorporate Islamic and ESG guidelines. These funds were launched in 1989, 1994 and 2009 respectively.

Saturna Capital and HANetf have already partnered earlier in 2021 to launch the Saturna Sustainable ESG Equity HANzero UCITS ETF (SESG), an actively managed, sustainable ETF with a HANzero carbon offset that demonstrates active investing to reflect sustainable and ESG values.  SESG is a carbon neutral investment as the carbon impact of the equity holdings is offset with carbon offsets through a product feature called HANzero.

Scott Klimo, CFA, Chief Investment Officer of Saturna Capital says: “Saturna Capital believes including environmental, social and governance factors in an Islamic portfolio further reduces risk, leading to more resilient portfolios and that companies proactively managing business risks related to ESG issues are more resilient and make better contributions to portfolios designed for patient investors. We are therefore delighted to launch the Saturna Al-Kawthar Global Focused Equity UCITS ETF (Ticker: AMAL) to investors looking for an actively managed ethical fund that invests globally and is benchmark agnostic in terms of geographic and industry allocations.”  
 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by