London Daily

Focus on the big picture.
Saturday, May 31, 2025

From Saudi Arabia to the world .. RITA launches the first green real estate fund compliant with Sharia

From Saudi Arabia to the world .. RITA launches the first green real estate fund compliant with Sharia

Dr. Director of the Saudi ETFB. In an interview with Al-Arabiya, Mohammed al-Swaid confirmed that the company has been working with international organizations in the United States and London to establish a transaction-trade fund. With the principles of Sharia and the concept of green investment.
He explained that of the 195 listed funds in the world that have been dissolved in accordance with Sharia regulations and green environmental standards, the new investment fund will buy into REIT trade funds around the world.A fund and it is listed in New York. FTSE Stock market in Russell global index simulation.

He pointed out that the fund was actually listed on the New York Stock Exchange under the index RITA, which had gained more than 4.4% in the previous 10 days, and could act as a way for the investor to reflect the quality of the fund’s assets. Buy shares in 83 real estate trading funds “REIT” in 9 countries.

Al-Zawahiri described this type of competitive diversification as an option for “passive” investment, which comes with continuous performance and low operating costs, currently at a rate of 0.5% of the fund’s fees.

The director of ETFB expects the RITA fund, which is available to all investors around the world, to be easily withdrawn and reach distribution returns of 2.5% to 3% per quarter based on an annual growth rate. 11%

Al-Sweden expects RITA funds to grow by 11% to 13% in 2022 as a result of US-led REIT funds located in 9 countries.

He pointed out that this list of funds on the New York Stock Exchange this month offers an important option for investing in real estate funds subject to the principles of Islamic Sharia, social responsibility and green investment. The demand from investors around the world is increasing.

It is noteworthy that in the fields of alcohol, firearms, music, tobacco, film and television or traditional financial services, RITA exempts eligible REITs if they earn more than 5% of their business due to Shariah-compliant “filtration” criteria. Concepts of the Green Economy.
Newsletter

Related Articles

0:00
0:00
Close
Satirical Sketch Sparks Political Spouse Feud in South Korea
Indonesia Quarry Collapse Leaves Multiple Dead and Missing
South Korean Election Video Pulled Amid Misogyny Outcry
Asian Economies Shift Away from US Dollar Amid Trade Tensions
Netflix Investigates Allegations of On-Set Mistreatment in K-Drama Production
US Defence Chief Reaffirms Strong Ties with Singapore Amid Regional Tensions
Vietnam Faces Strategic Dilemma Over China's Mekong River Projects
Malaysia's First AI Preacher Sparks Debate on Islamic Principles
White House Press Secretary Criticizes Harvard Funding, Advocates for Vocational Training
France to Implement Nationwide Smoking Ban in Outdoor Spaces Frequented by Children
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
Russia's Fossil Fuel Revenues Approach €900 Billion Since Ukraine Invasion
U.S. Justice Department Reduces American Bar Association's Role in Judicial Nominations
U.S. Department of Energy Unveils 'Doudna' Supercomputer to Advance AI Research
U.S. SEC Dismisses Lawsuit Against Binance Amid Regulatory Shift
Alcohol Industry Faces Increased Scrutiny Amid Health Concerns
Italy Faces Population Decline Amid Youth Emigration
U.S. Goods Imports Plunge Nearly 20% Amid Tariff Disruptions
OpenAI Faces Competition from Cheaper AI Rivals
Foreign Tax Provision in U.S. Budget Bill Alarms Investors
Trump Accuses China of Violating Trade Agreement
Gerry Adams Wins Libel Case Against BBC
Russia Accuses Serbia of Supplying Arms to Ukraine
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
Chinese Woman Dies After Being Forced to Visit Bank Despite Critical Illness
President Trump Grants Full Pardons to Reality TV Stars Todd and Julie Chrisley
Texas Enacts App Store Accountability Act Mandating Age Verification
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Vatican Calls for Sustainable Tourism in 2025 Message
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Trump Threatens 25% Tariff on iPhones Amid Dispute with Apple CEO
Putin's Helicopter Reportedly Targeted by Ukrainian Drones
Liverpool Car Ramming Incident Leaves Multiple Injured
Australia Faces Immigration Debate Following Labor Party Victory
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
Macron Dismisses Viral Video of Wife's Gesture as Playful Banter
Cleveland Clinic Study Questions Effectiveness of Recent Flu Vaccine
Netanyahu Accuses Starmer of Siding with Hamas
Junior Doctors Threaten Strike Over 4% Pay Offer
Labour MPs Urge Chancellor to Tax Wealthy Over Cutting Welfare
Publication of UK Child Poverty Strategy Delayed Until Autumn
France Detains UK Fishing Vessel Amid Post-Brexit Tensions
Calls Grow to Resume Syrian Asylum Claims in UK
Nigel Farage Pledges to Reinstate Winter Fuel Payments
Boris and Carrie Johnson Welcome Daughter Poppy
×