Standard Chartered launches Shariah funds

Standard Chartered has launched its first-ever UAE-domiciled Shariah-compliant investment products, marking a milestone in its global wealth management offering and underscoring the country’s growing role as a powerhouse in Islamic finance.

- Issac John

The newly introduced Signature CIO Islamic Funds — comprising the Signature CIO Islamic Growth Fund and the Signature CIO Islamic Income Fund — aim to provide investors with diversified access to global Islamic equities, sukuk, gold, and cash allocations. The bank said it plans to expand the range to four funds in the near future to cater to growing regional and international demand.