Islamic Banking

Deutsche Platform Lists Shariah-Compliant ETFs in London

Nick Parmee, 29 July 2008

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Deutsche Bank’s exchange traded funds platform db x-trackers has listed the first regional shariah-compliant ETFs on the London Stock Exchange. They are the S&P 500 Shariah ETF, the S&P Europe 350 Shariah ETF and the S&P Japan 500 Shariah ETF.

db x-trackers is also listing a global shariah-compliant ETF on Dow Jones Islamic Market Titans 100 ETF.

The principle exclusions from the investment range are pork-related substances, alcohol, gambling, financials, advertising and media, pornography, tobacco and the trading of gold and silver as cash on a deferred basis.

Manooj Mistry, head of db x-trackers

UK, said: “As well as being an excellent option for those investors wanting investment tools in line with their beliefs and principles, these new ETFs may also provide a new way of accessing certain markets for the conventional investor looking for an alternative investment approach.”

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