In a significant development for the global financial markets, ASB Capital, a purpose-driven asset management firm with $5.8 billion in assets under management (AUM), has partnered with Xtrackers by DWS, a leading European provider of exchange-traded funds (ETFs), to launch the XASB Sukuk ETF on the London Stock Exchange (LSE). This marks ASB Capital’s first Shari’a-compliant ETF and a milestone for Xtrackers by DWS, offering investors regulated, cost-efficient, and diversified access to the growing Sukuk market. The ETF provides exposure to over 150 Sukuk, addressing historical barriers such as high minimum investment requirements and limited product innovation. Sukuk, which represent 45% of the $2.5 trillion USD-denominated debt market, are forecasted to exceed $2 trillion by 2030, driven by their asset-backed nature and consistent performance. The partnership leverages Xtrackers’ expertise in ETF structuring and ASB Capital’s regional influence, creating a gateway for global investors to participate in this resilient asset class. Hichem Djouhri, Senior Executive Officer at ASB Capital, emphasized the firm’s commitment to innovative and accessible investment solutions, while Houda Ennebati, Head of Xtrackers ETF Sales – France & MENA, highlighted the ETF’s role in broadening investor participation in economic development. ASB Capital, licensed by the Dubai Financial Services Authority (DFSA), continues to strengthen its position as a regional leader with global reach.