Satrix Shariah Top 40 ETF

The Satrix Shariah Top 40 ETF is an exchange-traded fund designed to provide investors with a diversified portfolio while adhering to Shariah law principles. This ETF aims to offer investors an opportunity to invest in the top 40 companies listed on the Johannesburg Stock Exchange that comply with Shariah guidelines. Its primary function is to mirror the performance of the FTSE/JSE Shariah Top 40 Index, giving investors exposure to a range of large-cap companies in South Africa that meet Islamic ethical standards. Unlike traditional investments, this ETF excludes companies that deal in interest-based finance, gambling, alcohol, and tobacco, among other restrictions. By doing so, it appeals to investors looking for ethical investment avenues in the South African market. The ETF is significant as it facilitates access to a diversified basket of shares, allowing investors to partake in the growth of South Africa's leading Shariah-compliant companies across various sectors, thus playing a vital role in expanding the scope of ethical investing in the region.