Saturna Capital and HANetf target sharia-compliant stocks with actively-managed ETF

Incorporates ESG criteria

Saturna Capital has joined forces with HANetf to launch an equity ETF that will focus on Islamic-compliant stocks with positive ESG characteristics.

Saturna Al-Kawthar Global Focused Equity UCITS ETF (AMAL) is said to comply with the sharia principles while integrating ESG scoring into the investment process. The Islamic-focused ETF is managed by Saturna Capital, a $6bn asset management firm based in the US, which HANetf highlighted is one of the largest managers of Islamic-compliant assets in the US.  AMAL will follow a similar investment philosophy and approach of Staurna's US-registered Amana Growth, Amana Income and Amana Developing World funds, which also incorporate Islamic and ESG guidelines. HANetf partners with Quikro ...