London Daily

Focus on the big picture.
Friday, Aug 01, 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The director of ETFB expects the RITA fund, which is available to all investors around the world, to be easily withdrawn and reach distribution returns of 2.5% to 3% per quarter based on an annual growth rate. 11%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
JD.com Launches €2.2 Billion Bid for German Electronics Retailer Ceconomy
Azerbaijan Proceeds with Plan to Legalise Casinos on Artificial Islands
Former Judge Charged After Drunk Driving Crash Kills Comedian in Brazil
Jeff Bezos hasn’t paid a dollar in taxes for decades. He makes billions and pays $0 in taxes, LEGALLY
China Increases Use of Exit Bans Amid Rising U.S. Tensions
IMF Upgrades Global Growth Forecast as Weaker Dollar Supports Outlook
Procter & Gamble to Raise U.S. Prices to Offset One‑Billion‑Dollar Tariff Cost
House Republicans Move to Defund OECD Over Global Tax Dispute
Botswana Seeks Controlling Stake in De Beers as Anglo American Prepares Exit
Trump Administration Proposes Repeal of Obama‑Era Endangerment Finding, Dismantling Regulatory Basis for CO₂ Emissions Limits
France Opens Criminal Investigation into X Over Algorithm Manipulation Allegations
A family has been arrested in the UK for displaying the British flag
Mel Gibson refuses to work with Robert De Niro, saying, "Keep that woke clown away from me."
Trump Steamrolls EU in Landmark Trade Win: US–EU Trade Deal Imposes 15% Tariff on European Imports
ChatGPT CEO Sam Altman says people share personal info with ChatGPT but don’t know chats can be used as court evidence in legal cases.
The British propaganda channel BBC News lies again.
Deputy attorney general's second day of meeting with Ghislaine Maxwell has concluded
Controversial March in Switzerland Features Men Dressed in Nazi Uniforms
Politics is a good business: Barack Obama’s Reported Net Worth Growth, 1990–2025
Thai Civilian Death Toll Rises to 12 in Cambodian Cross-Border Attacks
TSUNAMI: Trump Just Crossed the Rubicon—And There’s No Turning Back
Over 120 Criminal Cases Dismissed in Boston Amid Public Defender Shortage
UN's Top Court Declares Environmental Protection a Legal Obligation Under International Law
"Crazy Thing": OpenAI's Sam Altman Warns Of AI Voice Fraud Crisis In Banking
The Podcaster Who Accidentally Revealed He Earns Over $10 Million a Year
Trump Announces $550 Billion Japanese Investment and New Trade Agreements with Indonesia and the Philippines
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
×