Sharia law is a religious law forming part of the Islamic tradition and derived from the religious precepts of Islam, the Quran and the Hadith. Sharia literally means “the clear, well-trodden path to water”. It acts as a code for living that all Muslims should adhere to and includes for acts including prayer, fasting, and donations to the poor and it helps Muslims to understand how they should lead their lives according to God's wishes.
Sharia investment is becoming an investment choice that is more and more common in the UK, but the options still remain limited. It is sometimes thought of as being an extension of ethical and ESG options but there are a number of additional investment requirements and overlays that investors still should make themselves aware of what they are potentially investing in. Few Sharia investment options are available, and even fewer managers as there are specific requirements desired by followers of the Muslim religion.
The concept of investing in a Sharia-compliant manner takes considerable effort to implement since managers must pay additional attention to their portfolios and funds becoming, and staying, compliant with the comprehensive set of rules and requirements laid out in the law. For example, Sharia investments must exclude investment opportunities or funds that derive a majority of their income from selling alcohol, pork products, pornography, gambling, military equipment or weapons. There can also be other requirements such as having a Sharia ‘audit’ and purifying certain types of income, such as interest income, by donating them to a charity.
TAM Asset Management understand that trustees have enough to deal with when considering legal matters, this may be surrounding personal injury claims or the settlements of divorce, or other legal proceedings.
We can help with your investment decisions for clients as our Sharia investment options take care of this by offering fully compliant Sharia portfolios, and we are one of the few investment managers in the UK to do so.
We know you may have to review client investment trust and assets and may have to review when new services and options become available that are more suited to the client, especially when it fits in with their religious beliefs.
TAM is an award-winning discretionary investment manager with decades of experience in offering forward-thinking investment management solutions to clients around the world. Our Sharia service provides investors with a range of Islamic investment portfolios designed to protect and grow their wealth in a Sharia-compliant manner.
Our team of expert investment professionals follow a rigorous process when selecting funds for the TAM Sharia portfolios, conducting extensive research into the universe of sharia-compliant investments. The team will only select a fund that has proven to deliver on its sharia-compliant mandate, adhering to the stringent and comprehensive investment process which screens stocks to ensure only companies with Sharia-compliant business or activities are included. For more information about our Sharia investment process just click below.
TAM’s online platform gives you and your client instant access to online valuations and a full report of what is happening within the portfolio, from investment/fund holding information, individual performance graphs, buy/sell data and information direct from the investment manager about the reasons behind buy and sell decisions.
As well as this TAM Asset Management have a comprehensive reporting tool built in to the site. You can determine which data you want to be included, you can determine the time periods and you can download it in a professionally designed pdf document that can be included with client reviews and documentation.
To start you off we can also provide a full risk questionnaire to help determine a risk profile and therefore which risk grade is most suitable for them. We then give you a pre-investment proposal for the chosen portfolio that will describe how the investment will be managed and the current strategy.
Our TAM Sharia service currently celebrates a 6 year track record. Our aim is simple; to maximise performance and outperform our benchmark with minimal risk. We have decades of experience in providing forward-thinking investment management solutions to clients, demonstrating performance across different market cycles and conditions. This gives us the depth of knowledge and understanding needed to quickly respond to ever-changing market and regulatory conditions, so clients can rest assured that their wealth is in capable hands.
TAM Asset Management are a London-based, award winning discretionary fund manager. We were founded in 2000 by our CEO, Lester Petch and are still majority owned by our employees.
Our discretionary investment team directly manage over £400m of investments and believe that every investor should have access to actively managed, diversified, cost-efficient investment opportunities. We have designed a suite of investment services to suit a multitude of investment profiles, a principle which is also a priority for the FCA and forms part of its mission to ensure that no group of potential investors are denied access to investment services.
TAM runs global operations, with an office in Europe and Mauritius and deal with clients in numerous countries. Using our UK and international operations allows flexibility to those who need it.
We’re here for you whenever you’re ready. Whether you’d like to know more about what we can do and what we stand for, or if you’d like to go ahead and discuss your Islamic investment options, just call or email us and let’s see how we can help.
