Shuaa launches three new Sharia-compliant funds

Shuaa launches three new Sharia-compliant funds

Shuaa Capital announced the launch of three new Sharia-compliant funds under the ICC umbrella, domiciled in Abu Dhabi Global Market (ADGM) and managed by Shuaa GMC Limited (“Shuaa GMC”), the wholly owned regulated subsidiary of Shuaa.

Shuaa established the Incorporated Cell Company (ICC) fund structure in ADGM in 2020 to launch differentiated fund strategies under the ICC platform and has since launched five funds, including the recent three new funds under the ICC fund structure.

The new funds, which include Shuaa Global Sukuk Fund, Shuaa Global Equity Fund, and Shuaa North America Equity Fund, will expand the choices available to institutional high net worth individuals and corporate investors, and will provide additional investment opportunities to diversify their investments across geographies and asset classes.

Shuaa Global Sukuk Fund will seek to maximise total return over the medium to long term through a combination of capital growth and income by investing in sukuk and other Sharia-compliant debt instruments. Shuaa Global Equity Fund will primarily invest in global Sharia-compliant equities, and Shuaa North America Equity Fund will focus on North American Sharia-compliant equities.

Shuaa GMC is also the investment manager of the first two Sharia-compliant open-ended funds launched under the ICC umbrella in November 2020, Nujoom Aggressive