StashAway Launches Shariah Global Portfolio In UAE For Values-Driven Investors Seeking Competitive Returns

StashAway, a digital investment platform, has introduced its Shariah Global Portfolio in the UAE, marking a significant step towards meeting the growing demand for digital, values-based investment solutions.

This new offering comes at a time when Islamic finance assets globally are on the rise, expected to hit $7.5 trillion by 2028, and reflects the UAE's growing interest in Shariah-compliant investments, especially among its populous Muslim community.

The Shariah Global Portfolio offers investors up to four different levels of risk, with historical annual returns of up to 13.7% over the past five years. This move caters to the needs of affluent individuals in the UAE looking for investment opportunities that not only promise competitive returns but also align with their ethical beliefs.

The growing trend towards Shariah investments in the UAE mirrors the global surge in demand for such financial products. Over 75% of the UAE's population, being Muslims, represents a significant market for Shariah-compliant digital investment solutions.

Raaed Sheibani, UAE Country Manager for StashAway, emphasised the platform's commitment to providing a simple and intelligent way for investors to grow their wealth in accordance with their beliefs.

"Shariah-compliant investing is still relatively new in the digital investing space and we're excited to change that with our Shariah Global Portfolio. Our goal is simple: to give people a simple, intelligent way to grow their wealth while staying true to their beliefs. As a Muslim, I'm honoured to support others in investing with confidence through portfolios that are Shariah-compliant, globally diversified and built on data," Sheibani stated.

In terms of performance, Shariah investing has demonstrated robust long-term returns. For instance, major Shariah equity indices such as the S&P 500 Shariah Index and the Dow Jones Islamic Market World Index have outpaced their conventional counterparts over the last decade.

Specifically, the Shariah S&P 500 Index has seen approximately a fourfold increase, surpassing the traditional S&P 500 Index's growth, which was around 3.6 times in the same timeframe.

StashAway's Shariah Global Portfolio is not only competitive in terms of returns, with five-year annualised composite historical returns ranging between 7% to 13.7%, but also offers a high level of diversification.

The portfolios include low-cost Shariah-compliant ETFs, providing exposure to global equities, sukuk, and gold. This includes sectors with high growth potential such as global technology and emerging markets.

The portfolios are professionally managed, dynamically re-optimised to maximise returns through economic cycles while maintaining the selected risk level. Moreover, the investments are certified Shariah-compliant by issuers or fund managers, ensuring they adhere to Islamic principles.

StashAway's Shariah Global Portfolio enriches its wider suite of investment and cash management solutions, all designed around the principle of intelligent, transparent investment opportunities.

Like its other offerings, the Shariah Global Portfolio features a transparent fee structure ranging from 0.2% to 0.8% per annum, with no lock-in periods or minimum investment requirements.

This is consistent with StashAway's commitment to making long-term wealth building accessible and straightforward. Through its integration with Lean, StashAway enables clients to easily set up recurring investments, further simplifying the process of building wealth over time.