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Economy Local 2026-04-15T22:03:06+00:00

Abu Dhabi Launches Region's First Sharia-Compliant ETF

ADX has opened subscriptions for the new Sharia-compliant Cranes Shares One fund, set to list on April 30. Managed by One Investment, the fund offers an alternative to Sukuk for stable income.

Abu Dhabi Launches Region's First Sharia-Compliant ETF

Abu Dhabi Securities Exchange (ADX) has announced the subscription period for the Cranes Shares One Sharia-compliant alternative income index fund, open from April 15 to April 21, 2026, with its market debut on April 30. This fund marks the first Sharia-compliant exchange-traded investment fund (ETF) in the Gulf Cooperation Council (GCC) countries, leveraging options and alternative trading strategies. The fund generates income through options trading on US stocks and aims to provide fixed annual distributions. It is issued by Cranes Capital and managed by One Investment, a global Sharia-compliant fintech specialist. Cranes Shares One is positioned as an alternative to Sukuk (Islamic bonds) to achieve a growing income stream.

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