Ajeej Shariah Fund

Ajeej Capital announces the launch of the Ajeej Shariah Fund “ASF”, a Shariah-compliant public equities strategy focused on capturing long-term growth opportunities across GCC markets.

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Ajeej Capital announces the launch of the Ajeej Shariah Fund “ASF”, a Shariah-compliant public equities strategy focused on capturing long-term growth opportunities across GCC markets.

The fund builds on Ajeej’s core strategy in public markets platform, the “Ajeej MENA Fund”, running since 2007. It leverages the firm’s deep relationships with corporate management teams across the region, and an investment team that has operated together through multiple market cycles over nearly three decades. 

The ASF applies Ajeej’s fundamentally driven, bottom-up approach within a Shariah-compliant framework, it will invest in a concentrated portfolio of high-conviction ideas, drawn from a broad universe of compliant companies across the GCC. The strategy is benchmark-agnostic and designed to navigate market cycles with flexibility, using Ajeej’s 20-year proprietary research engine, active portfolio construction, and liquidity management as core pillars. 

Dr. Mohamed Ali Elgari chairs the independent Shariah Supervisory Board overseeing ASF, with Amanie Advisors acting as Shariah advisors for the fund. The ASF has received formal Shariah approval, “Fatwa,” and operates under established screening methodologies and Shariah investment guidelines.

About Ajeej Capital

Ajeej Capital is an independent, management-owned asset manager headquartered in Dubai’s DIFC, with offices in Abu Dhabi and Riyadh. Dual-regulated by the DFSA and FSRA, the firm manages strategies across public equities, global sukuk, private debt, and venture capital.