Saturna Capital and HANetf Launch Shariah-Compliant, Actively Managed ETF AMAL

November 30, 2021 | Updated at December 01, 2021

Saturna Capital, an investment firm based in the United States of America (USA), has announced the launch of the Saturna Al-Kawthar Global Focused Equity UCITS ETF (AMAL), an actively managed Exchange-Traded Fund (ETF), via the HANetf platform. HANetf is an independent ETF investment platform based in the United Kingdom. AMAL is listed on the London Stock Exchange, Borsa Italiana and Germany’s XETRA.

Why it Matters?

Hector McNeil, co-Chief Executive Officer of HANetf stated that active ETFs are the next novelty for the European ETF market. McNeil added that as the USA is typically two-to-three years ahead of Europe in product innovation and assets under management (AUM) growth, it is a matter of time before active ETFs become a norm in Europe as well.