Saudi Arabia's Sedco weds sharia with ESG

Green_energySedco Capital is hoping to capitalise on demand for environmental, social and governance (ESG) investing by combining these principles with its sharia-compliant strategies. The firm is promoting an investment strategy it calls “prudent ethical investing” which incorporates both management styles. “In short, while we target strong returns and performance, we ensure that our investments benefit society, comply with sharia and ESG investment principles, while avoiding excessive leverage and non-transparent investment structures,” said Hasan al Jabri, chief executive. Sharia-compliant and ESG investment share a number of similarities, for instance they each exclude certain stocks and sectors that are not consistent with Islamic law or which have a poor record on environmental, social or governance measures. Sedco Capital has 14 Luxembourg-domiciled sharia-compliant strategies with a total of $1.8 billion under management. ©2017 funds global mena

Executive Interviews

INTERVIEW: Protecting the investment

Nov 23, 2017

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Mar 08, 2017

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

ROUNDTABLE: Charting the pace of reform

Nov 23, 2017

Saudi Arabian index inclusion, the onset of taxes and the Dana Gas controversy were among the issues discussed by our cross-industry panel. Chaired by George Mitton in Dubai.

SOUTH AFRICAN ROUNDTABLE: Spirit of Ubuntu

Mar 08, 2017

The move to a three-day settlement cycle, the appearance of new stock exchanges, and recent rules on hedge funds were discussed by our panel in Cape Town. Chaired by George Mitton.