Global investment manager Sarasin & Partners has launched a new Shariah investment service.

The proposition looks to enable clients to align their financial objectives with their values through a responsible approach to long-term investment.

Sarasin & Partners’ Shariah investment service will be available through a multi-asset discretionary portfolio using its global thematic investment strategy.

The service will combine the firm’s multi-asset investment process with Islamic finance principles, overseen by the independent Shariah Advisory Panel of Bank J. Safra Sarasin.

Shariah portfolios will exclude companies involved in non-permissible sectors such as gambling, alcohol, weapons and defence, tobacco, adult entertainment, pork-related industries, while also screening for excessive debt and interest-based income.

This process in managed in combination with the Sarasin & Partners responsible investment approach.

“Our new Shariah investment service reflects our belief that investing should prioritise individual values together with financial goals,” said Sarasin & Partners managing partner, Guy Matthews.

“This development allows us to support clients who adhere to Shariah principles with a robust, active, and responsible approach to long-term investment.”

Sarasin & Partners manages £17.4bn of assets on behalf of charities, private clients, intermediaries, institutions, and pension funds.

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