Satrix MSCI World Islamic ETF: A Sharia-Compliant ETF for International Markets

Written by TeamEasy | Sep 18, 2024 4:00:00 AM

Know all about the new Satrix MSCI World Islamic ETF – your gateway to diversified, Sharia-compliant investment in developed markets.

What is the ETF all about?
The Satrix MSCI World Islamic Feeder ETF is a newly launched investment vehicle tailored for Islamic investors. Its primary objective is to track the MSCI World Islamic Index, providing exposure to a wide range of diversified companies in developed markets. This index is carefully curated to exclude securities that do not adhere to Sharia principles, ensuring the investment remains ethical and suitable for Islamic investors.

Key Features

Sharia Compliance: The ETF strictly follows Sharia principles, excluding certain securities based on business activity and financial ratios as vetted by the Sharia board.
Diversification: Gain exposure to a comprehensive range of large and mid-cap stocks
Index Tracking: The ETF tracks the MSCI World Islamic Index, a market-capitalization-weighted index that measures the performance of developed market stocks suitable for Islamic investors.

You can check this new listing here under your ZAR and TFSA accounts.

Important Dates
IPO Closing Date: October 9, 2024, 23:59
Listing Date on JSE: October 22, 2024, 09:00

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