UAE’s SHUAA Capital launches 3 new Sharia-compliant funds

UAE’s SHUAA Capital launches 3 new Sharia-compliant funds

SHUAA Capital, the leading asset management and investment banking platform in UAE, has launched three new Sharia-compliant funds under the ICC umbrella, domiciled in Abu Dhabi Global Market (ADGM) and managed by SHUAA GMC Limited, the wholly owned regulated subsidiary of SHUAA.

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 maximize 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.

Fawad Tariq Khan

Group CEO

SHUAA Capital “Having demonstrated our expertise in developing and managing investments that are uniquely designed to create long-term value for investors, we are confident that these new funds will also meet the needs of investors in ever-changing markets.”

SHUAA GMC is also the investment manager of the first two Sharia-compliant open-ended funds launched under