Riyadh – Mubasher: Sands Capital Management launched a global growth equity strategy that enables institutional investors to allocate capital to a concentrated portfolio of Sharia-compliant leading growth businesses.

The strategy is offered through segregated accounts that can be customised to a client’s needs, according to a press release on Monday.

The approach of Sands Capital, a US-based firm focused exclusively on growth investing, features deep, fundamental, and business-focused research, hence, it identifies businesses expected to grow into exponentially larger enterprises, capable of translating superior earnings growth into shareowner value over five years or more.

“Sands Capital exists to add value and enhance the wealth of our clients with prudence over time. As a mission-driven, client-centred, global investment manager, we believe we are especially well suited to provide growth capital solutions that help Islamic investors achieve their financial goals,” said Sands Capital’s executive managing director, Stephen Nimmo.

In an attempt to deliver faith-driven and value-added investment results for Islamic clients, Sands Capital partnered with Shariyah Review Bureau to accelerate the administration of the portfolio’s Sharia compliance offering.

"Recognising that Sharia governance and supervisory challenges are growing, timelines for addressing them are contracting, and businesses are moving quickly to adapt Sharia supervisory structures in the GCC, we have decided to engage them to help us conform to Sharia principles and rules," Nimmo continued. 

For his part, CEO of Shariyah Review Bureau, Yasser S. Dahlawi, concluded, “Equity investments management can gain access to significant expertise through our Sharia supervisory engagements. Our approach allows us to respond in a unique way to a growing need from many equity funds and portfolios: a deeply integrated scholarly network and strong controls over certification and technical expertise in Sharia assurance.”