In choosing Saturna as its partner, ICD will be tapping the firm’s 25 years of expertise in global values-based investing and its experience in managing the US-based Amana Funds, the world’s largest Islamic equity funds open to the public, as well as Saturna Sustainable Funds. Saturna Capital is adviser to the Amana Mutual Funds (Amana Growth Fund, Amana Income Fund, and Amana Developing World Fund) that follow principles of Islamic finance. Saturna Capital is also adviser to the Saturna Investment Trust, consisting of Sextant International, Sextant Growth, Sextant Core, Sextant Bond Income, Sextant Short-Term Bond, Sextant Global High Income, and the Idaho Tax-Exempt Fund. Both sets of funds have been recognised by rating agencies for having portfolios with highest scores on sustainability.
"ICD recognises the growing demand for responsible investment vehicles and believes that such strategies will greatly benefit economies as well as investors and societies,” said Khaled Al Aboodi, the CEO of ICD.
“Islamic investing has long been an integral part of socially-responsible investing,” said Monem Salam, President of Saturna in Malaysia. "Saturna is very proud to be ICD’s partner in expanding Islamic investment choices that put even more emphasis on responsible finance. We believe that investing in sustainable and well-run companies could offer both growth and lower risk.”
ICD's mandate is to support economic development and promote the development of the private sector in its member countries through providing financing facilities and/or investments which are in accordance with shari'ah principles.
Interested?
Read the Suroor Asia blog post about Saturna's expertise
Interested?
Read the Suroor Asia blog post about Saturna's expertise