JSE Lists 27four Global Shariah ETF as Ethical Investing Demand Grows
TLDR
- The Johannesburg Stock Exchange (JSE) has listed the 27four Global Shariah Equity Actively Managed Exchange Traded Fund (AMETF)
- The new ETF, launched on 8 October, offers diversified exposure to international companies that meet Islamic finance principles
- The 27four Global Shariah Equity AMETF excludes sectors such as conventional banking, alcohol, gambling, and pork-related businesses
The Johannesburg Stock Exchange (JSE) has listed the 27four Global Shariah Equity Actively Managed Exchange Traded Fund (AMETF), expanding investor access to Shariah-compliant global equities. The new ETF, launched on 8 October, offers diversified exposure to international companies that meet Islamic finance principles.
The 27four Global Shariah Equity AMETF excludes sectors such as conventional banking, alcohol, gambling, and pork-related businesses. It tracks the MSCI World Islamic Index (Net) and focuses on financially stable and profitable firms. The fund will be rebalanced quarterly to maintain Shariah compliance and distribute income to investors.
Adèle Hattingh, Business Development and Exchange Traded Products Manager at the JSE, said the listing underscores the exchange’s commitment to inclusion and investor choice. Hamzah Latha of 27four said the ETF enables investors to align their portfolios with both ethical and financial goals.
The new listing brings the JSE’s total ETF count to 121, with a combined market capitalisation of R243 billion.
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Points clés à retenir
The launch comes as Shariah-compliant investing continues to gain ground worldwide. Global assets under management in Shariah-compliant equities reached $123 billion in 2024 — a 70 % rise since 2018 — supported by institutional and private investors seeking value-driven, ethical exposure. Shariah finance prohibits interest (riba), excessive uncertainty (gharar), and speculative or unethical activities. Instead, it uses profit-sharing and asset-backed structures, such as Mudarabah (investment partnerships), Musharakah (joint ventures), and Murabaha (cost-plus sales). This model ties finance directly to real economic activity and shared risk. The 27four AMETF offers South African investors access to over 1,400 Shariah-compliant global companies across 56 countries, favouring firms with lower leverage and strong governance. The approach aligns with growing environmental, social, and governance (ESG) priorities and offers resilience amid market volatility. By adding a Shariah-compliant global equity ETF, the JSE strengthens its role in broadening financial inclusion and connecting investors to diverse, values-based products.
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