ASB Capital and SSGA Launch Sharia-Compliant Global Equity Fund in Dubai

Editorial Team

Last updated 14-04-2025

2 min

ASB Capital and State Street Global Advisors have launched a Sharia-compliant global equity fund.

The fund, based in Dubai, follows Islamic finance guidelines and targets ethical investors.

SSGA's Active Fundamental Equity team will manage investments using the Confidence Quotient Framework.

This initiative underscores ASB Capital's commitment to innovation and fostering international partnerships.

Demand for ethically-aligned investments is increasing, creating diverse opportunities for global investors.

It seems like Sharia-compliant investing continues to surge ahead, with ASB Capital teaming up with State Street Global Advisors (SSGA) to launch a new global equity fund specifically tailored to Islamic finance guidelines. With the global market for Sharia-compliant finance predicted to shoot past a staggering USD 3.5 trillion by 2025, it's hardly suprising to see institutions jumping aboard this increasingly popular investment approach.

Partnering with SSGA, a major player in global asset management, ASB Capital is aiming to cater to a diverse clientele, from institutional investors and family offices to individuals keen to explore ethical investing opportunities. The fund, which will be based at the Dubai International Financial Centre (DIFC), will have regulatory oversight provided by the Dubai Financial Services Authority (DFSA).

Speaking about the partnership, Emmanuel Laurina, Head of Middle East and Africa at SSGA, highlighted how the collaboration blends ASB Capital's local expertise and networks with the global capabilities and proven investment strategies from SSGA. "By working with ASB Capital," Laurina remarked, "investors will gain access to a carefully curated selection of high-quality global equities, backed by rigorous research."

For management, SSGA’s experienced Active Fundamental Equity team will be at the helm of the new fund. The team uses an investment approach that focuses on identifying stable, high-growth global companies with solid foundations and strong valuations, guided systematically by SSGA's proprietary Confidence Quotient Framework.

According to ASB Capital, the freshly launched fund underlines their ongoing commitment to innovation and building partnerships with prominent international asset managers, helping both regional and global investors tap into wider markets.

ASB Capital itself specialises in bespoke financial solutions for high-net-worth individuals, corporations, family offices, and institutional investors, while State Street Global Advisors serves a substantial global client base, including governments, financial institutions, and investment advisors.

I have to say, as Arageek readers, many of you will know there's certainly growing demand out there for investments that align closely with ethical values, making this launch particularly timely—and potentially lucrative—for those looking for responsible ways to diversify their financial portfolios.

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