UAE: Lunate, an investment firm, has launched the Chimera Solactive GCC Shariah Dividend ETF, a Shariah compliant ETF, which is to be listed on the Abu Dhabi Securities Exchange on the 23rd June 2026.
The fund tracks the Solactive GCC Shariah Dividend Index, which comprises dividend-paying Shariah compliant equities from GCC markets, including the UAE, Saudi Arabia and Qatar. The ETF will provide exposure to companies operating across the materials, telecommunications, energy and industrials sectors. The ETF will trade in UAE dirhams, with the Bank of New York Mellon serving as the global custodian.
Authorized participants for the fund include International Securities, BHM Capital Financial Services, EFG Hermes, Arqaam Securities, FAB Securities, Daman Securities, HSBC and QMM.
Restricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
