James Penny, CIO at Tam Asset Management, discusses the firm’s sharia portfolio offerings, the investible universe, and what actually makes an investment sharia-compliant.
Sharia investing – investments governed by sharia law and the principles of Islam – dates back to the 1960s, but is undergoing rising demand across the UK that, for now, is outstripping supply.
Admittedly, this is an area I know very little about. So I caught up with James Penny, chief investment officer at Tam Asset Management.
He explained what makes an investment sharia-compliant, how the investible universe is broadening, and the innovation he’s seeing in this space at the moment. We also dive into the world of sukuks: sharia-compliant bond instruments.
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