Wealthsimple Inc. launched its first Sharia-compliant ETF on the NEO Exchange on Wednesday.
The Wealthsimple Shariah World Equity Index ETF is designed to replicate the performance of the Dow Jones Islamic Market Developed Markets Quality and Low Volatility Index.
The index consists of equity securities in developed markets that are Sharia-compliant, meaning they do not generally derive their income from the following industries: alcohol, tobacco, pork-related products, weapons and defense, conventional banking, conventional insurance companies and adult entertainment such as hotels, casinos and cinema.
The ETF will not use derivative instruments or short-selling strategies. As well, the fund will not invest in interest-bearing money market instruments or maintain cash balances in interest-bearing accounts, take out loans requiring interest payments or lend its assets for a fee or commission.
Op-Ed: 23 Ala. district attorneys sign letter in opposition to medical marijuana legislation (Source: Adam Mintzer) By 23 Alabama district attorneys | April 28, 2021 at 4:47 PM CDT - Updated April 28 at 4:47 PM
Message to House members from DA Andy Hamlin:
Dear Members of the Alabama Legislature:
The attached letter was written on behalf of 23 elected district attorneys representing a significant population of our state. We are unified in our opposition to the proposed legislation that would open the door to a wealth of public health, safety and economic problems that would be difficult to reverse. It is our duty to raise these concerns, and we hope you will consider them carefully before casting any votes that could lead to the serious implications we have outlined here.
Bitcoin gets seal of approval as Baillie Gifford ploughs $100m into London crypto firm cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.
Scottish asset manager is the latest to back a cryptocurrency company as Coinbase seeks mega-listing
20 April 2021 • 8:00pm
One of Britain’s most prominent investors has put $100m (£72m) into the UK’s biggest cryptocurrency company in a new stamp of approval for Bitcoin and other digital assets.
Baillie Gifford has become the biggest outside shareholder in Blockchain.com with the investment, part of a $300m funding round that valued the London-based company at $5.2bn.
The Edinburgh asset manager has been an early backer of Silicon Valley giants including Google, Tesla and Airbnb but its support for Blockchain.com, a service that lets users buy and store cryptocurrencies such as Bitcoin, represents its largest push into digital currencies to date.