Daiwa Launches Singapore’s first sharia-compliant ETF

“The Daiwa ETF is the first sharia-compliant ETF in Singapore and also our first ETF in Singapore,” says Michihito Higuchi, president and chief executive officer of Daiwa Asset Management. “Islamic investors can be assured that this ETF is in full compliance with the sharia investment principles at all times as Yasaar Limited will be undertaking the sharia screening at the fund level.”

The ETF provides sector diversification as well as exposure to the top companies in Japan and is expected to

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