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ADIB Capital launches new Sharia fund targeting trade transactions in the US and Europe: ADIB Capital, the asset management arm of Abu Dhabi Islamic Bank (ADIB), launched a new fund, this time targeting sharia-compliant investments in short-term trade transactions in the US and Europe, according to a pressrelease. The fund is incorporated in Dubai International Financial Center.
The details: The fund aims to deliver steady, risk-adjusted returns with quarterly payouts. Goldman Sachs Alternatives will manage the investments, bringing its private credit know-how and risk controls.
This is ADIB Capital’s second fund this year: In January, the asset manager launched the ADIB European Logistics Fund I, a sharia-compliant vehicle targeting ESG-compliant logistics assets across Germany and Western Europe, including warehouses.
