F&C Look for Shari’ah Opportunities
F&C initiated a Shari'ah compliant global equity fund with a sustainable investment remit, named the 'Sharia Sustainable Opportunities Fund'.
BMB Islamic is monitoring the fund while it is being managed by Alice Evans and Sophie Horsfall. If any stocks from the portfolio ruptures the advisor's Shari'ah screens, 3 months will be given to the fund manager to clean.
The Middle East is the initial market for clients.