Acadian Asset Management (UK) Limited (“Acadian”), an affiliate of Acadian Asset Management LLC, a global systematic investment leader, is partnering with Shari’ah Review Bureau (“SRB”), a Bahrain-based Shari’ah advisory firm.
SRB will provide Acadian with Sharia oversight services for two Shari’ah-compliant global equity portfolios managed by Acadian on behalf of a leading Islamic financial institution.
Commenting upon the engagement, Ian Shea, head of Acadian’s UK affiliate business, said:
“Bringing SRB on board to validate and audit our Shari’ah compliance processes for these two portfolios will further strengthen our stakeholders’ trust.
Acadian continues to focus on building partnerships with institutional investors in the GCC region, including through the provision of Shari’ah-compliant investment strategies.”
Yasser S. Dahlawi, founder and CEO of SRB, said:
“We strive to be a complete Shari’ah advisory resource for asset managers of all sizes, providing them with the full spectrum of Shari’ah certification, equity screening and audit services they need to help meet their goals. We look forward to assisting Acadian Asset Management with its Shari’ah compliance activities as it grows its footprint in Shari’ah-compliant investment.”