Launch Partners

Launch Partners

IFN Investor Weekly Round-up: 7th – 13th January 2025

Prospects are already looking bright for 2025 with a number of developments boosting the appeal of Islamic investment opportunities.

State Street’s JP Morgan Saudi Arabia Aggregate Bond UCITS ETF (exchange traded fund) – which is open to investors in 12 European countries – attracted a US$200 million inflow from the Public Investment Fund.

The Shariah compliant ADIB European Logistics Fund I was launched to provide investment access to high-demand logistics assets across Germany and Western Europe.

Pakistan’s Interloop Asset Management, to be rebranded as Lucky Investments following a recent takeover by the YB Brothers conglomerate, is launching three new funds in 2025.

Alliance Islamic Bank is underwriting the public IPO portion of Malaysian industrial pipes producer Pantech Global.

UK consultancy MRP Premier Group and Indonesian developer Adhi Commuter Properti are to collaborate on exploring Islamic investment opportunities within infrastructure projects and affordable housing solutions in Indonesia.

Regulations’-wide, the Indonesian Shariah shares index has grown 1.41% year-to-date, said the Indonesian Financial Services Authority, which also classified property developer Bangun Kosambi Sukses as a Shariah compliant counter.

A new Iran directive was issued for cryptocurrency brokers to conduct all Iranian rial-related receiving and payment operations transparently and through a designated and approved account by the central bank.

Other significant developments include Pakistan’s Faysal Funds having fully transitioned into a fully Shariah compliant firm after divesting its conventional funds portfolio.

The latest Global SWF report highlighted Abu Dhabi’s Mubadala Investment Company as the world’s top sovereign wealth fund spender in 2024.

Wahed Invest’s advertising campaign was ruled to be in breach by the UK Advertising Standards Authority – which upheld complaints from 75 individuals, who argued that the depiction of banknotes burning in flames could be seen as offensive as currencies are considered symbols of national identity.

Prospects are already looking bright for 2025 with a number of developments boosting the appeal of Islamic investment opportunities. State Street’s JP Morgan Saudi Arabia Aggregate Bond UCITS ETF (exchange traded fund) – which is open to investors in 12 European countries – attracted a US$200 million inflow from the Public Investment Fund. The Shariah compliant ADIB...

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