US: Wahed launched two new Ireland-domiciled ETFs – one tracking the S&P 500 Shariah Index and the other the Dow Jones Islamic Market International Titans 100 Index. These index-referencing funds are categorised as actively managed because the investment strategy will integrate traditional Shariah compliance with a proactive, Islamic values informed human-rights review of companies.
Beyond an internal review, the ethical filters applied for these two funds are drawn from:
- the Office of the UN High Commissioner for Human Rights Database,
- American Friends Service Committee Investigate,
- the UFLPA Entity List managed by the US Department of Homeland Security, which focuses on the Uyghur Forced Labour Prevention Act,
- Kommunal Landspensjonskasse Gjensidig Forsikringsselskap (KLP) Council on Ethics – its exclusion list benchmark is used by Norway’s largest pension fund.
Categories:
Asset ManagementRestricted 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
