Manager Research

We recently concluded our review of the Sands Capital Global Shariah Fund which we have rated Tier 1. This rating marks the culmination of a fund search process which began in early 2022 where we identified the need to expand the range of options available to investors looking to allocate to global Shariah compliant equity investments.

Sands Capital is an owner-managed long-standing fund manager, having been founded in 1992, with many strong attributes in place which support long term active fund management according to their growth orientated investment approach.

We are comfortable awarding this proposition a Tier 1 rating for the following reasons.

• Firstly, the fund is managed using the same well considered investment philosophy and process as the other Sands Capital funds with a strong team that has demonstrated an ability to identify, invest in and hold superior growth companies over long time horizons.


• Secondly, the filtering and portfolio construction process used to exclude non-Shariah compliant investments is robust which leads to this fund selecting the best Shariah compliant ideas from the other Sands Capital funds. The Shariah compliance of the fund is also overseen by an Independent Shariah board, which adds to the credibility that this fund is Shariah compliant.


• Thirdly, we feel that the Sands business is supportive of this investment strategy and has shown the ability to take a long term view when developing and investing in new products that may take time to scale.

This fund’s edge is its deep research library, forward thinking and willingness to embrace the asymmetry of returns on offer via the most compelling Shariah compliant global growth companies. We believe that it represents a strong option for investors to consider.