ADCorp to provide sharia funds with Sands Capital

Islamic_bankingAbu Dhabi-based Islamic finance firm ADCorp is working with US active asset manager Sands Capital to develop a sharia-compliant portfolio of funds for its investor base. The partnership is designed to build on the growing popularity of sharia-compliant financial products in the region. Research from Thomson Reuters forecasts that global assets under management in Islamic funds will grow from $110 billion in 2017 to $325 billion by 2023. According to ADCorp, its clients will benefit from Sands Capital’s “subtle capabilities” in investment management. “This new partnership brings together ADCorp’s unparalleled access to the growing Islamic asset management market from our base in ADGM with Sands Capital’s track record of delivering enviable returns,” said Mohammed Al Khaja, chief executive of ADCorp. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Jan 04, 2019

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

Jun 13, 2018

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...


ROUNDTABLE: Hooked to the global caravan

Jan 04, 2019

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.

MENA ROUNDTABLE: ‘The story is about reforms’

Jun 13, 2018

Our cross-industry panel discuss the positive backdrop in Egypt, the Dana Gas controversy and the potential index upgrades of Saudi Arabia and Kuwait. Chaired by George Mitton in Dubai.