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Sharia: When Muslim principles meet ESG
Tanya Ashreena reports.
When Schroders announced the launch of its Islamic Global Equity Fund in December, it said the fund would include a diversified investment strategy that combined Sharia law compliance with multi-factor investing and ESG principles.
The fund’s launch was in line with the Schroder Global Investor Study published in 2019, which found that many investors in the Islamic world are putting an increased emphasis on sustainability while deciding how to allocate their portfolios – and that there is an opportunity for the Sharia investment industry to capitalise on this.
The past couple of years have seen many Islamic funds integrating ESG.