ASB Capital and State Street Global Advisors Launch Shariah-compliant Global Equity Fund

ASB Capital, based in Dubai, has launched a Shariah-compliant global equity fund in partnership with State Street Global Advisors (SSGA). The announcement highlights a strategic collaboration aimed at aligning investment opportunities with Islamic financial principles. The fund seeks to provide a diversified investment platform that adheres to Shariah compliance, reflecting a growing demand for such financial products. This initiative is particularly significant given SSGA’s experience and standing in the global market. Key stakeholders at both ASB Capital and State Street expressed optimism about the fund's potential to cater to the increasing appetite for Shariah-compliant investment solutions. This move coincides with ASB Capital's broader strategy to strengthen its portfolio with ethical investment vehicles. The fund size is reported to be 3.5, while SSGA manages assets worth 30 under this offering. This collaboration marks an important milestone in integrating traditional Islamic finance into modern investment frameworks.