Podcast: ‘Sharia and ESG investing sing off the same hymn sheet’
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.