First Active ETF of Almalia on Xetra: Shariah-compliant companies worldwide
First Active ETF of Almalia on Xetra: Shariah-compliant companies worldwide
Since Monday, a Shariah-compliant, actively managed exchange traded fund issued by Almalia has been tradable on Xetra and Börse Frankfurt via the HANetf white label platform for the first time.
The Almalia Sanlam Active Shariah Global Equity UCITS ETF gives investors direct access to up to 30 companies worldwide that comply with the investment principles of the Shariah. To be included in the index, companies must have a proven solid business model over the long term.
Companies that generate more than 5 per cent of their income from business activities such as alcohol, tobacco, pork products, conventional financial services, defence, gambling, music, hotels, cinema or adult entertainment are excluded.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
Almalia Sanlam Active Shariah Global Equity UCITS ETF | Equity ETF | IE00BMYMHS24 | 0.99 per cent | Accumulating |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,588 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.