Sarasin & Partners, the London-based thematic investment manager with assets of £17.4bn under management, has launched a Shariah investment service.
This new proposition will enable clients to align their financial objectives with their values through a disciplined, transparent and responsible approach to long-term investment. The Shariah investment service will be offered as a multi-asset discretionary portfolio benefitting from the Sarasin & Partners global thematic investment philosophy.
The Sarasin & Partners’ Shariah proposition combines the firm’s established multi-asset investment process with Islamic finance principles, overseen by the independent Shariah Advisory Panel of Bank J. Safra Sarasin. The Advisory Panel comprises internationally recognised scholars in Islamic economics and finance.
Shariah portfolios will exclude companies involved in non-permissible sectors such as gambling, alcohol, weapons and defence, tobacco, adult entertainment, pork-related industries, while also screening for excessive debt and interest-based income. This process is managed in combination with the well-established Sarasin & Partners responsible investment approach, ensuring Environmental, Social and Governance factors are considered alongside the financial analysis of investments.
Guy Matthews, managing partner at Sarasin & Partners, commented, “Our new Shariah investment service reflects our belief that investing should prioritise individual values together with financial goals. This development allows us to support clients who adhere to Shariah principles with a robust, active and responsible approach to long-term investment.”
