Shariah-Compliant Fund Launched by SEDCO Capital and Lombard Odier

According to a statement made on the 29th of September 2021, Saudi Arabia-based SEDCO Capital and Switzerland-based Lombard Odier have launched a Shariah-compliant fund that is environmental, social and governance (ESG)-focused, in order to invest in developed market equities. The fund is named SC LO Global ESG Equities Fund.

Why it Matters?

ESG-related issues are increasingly important to global investors, evidenced by the USD 2.2 trillion Islamic finance industry, which is seen as complementary to Shariah principles on social and sustainable investing. The fund's composition is claimed to reflect a combination of SEDCO Capital's Prudent Ethical Investment (PEI) strategy and Lombard Odier's sustainability investment experience.

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