KUALA LUMPUR (July 26): Digital Islamic robo-advisor Wahed Technologies Sdn Bhd  announced the collaboration with Value Partners Asset Management Malaysia Sdn Bhd to launch the world’s first Islamic ETF investing in China A-shares called VP-DJ Shariah China A-Shares 100 ETF (the China A-Shares ETF) on their platform, following a strengthening demand for shariah mutual funds in Southeast Asia.

In a joint press release, the companies highlighted that the recently-launched China A-Shares ETF is the world’s first Islamic ETF investing in China A-Shares that tracks the performance of the Dow Jones Islamic Market China A-Shares 100 Index.

The investments are in line with Wahed Invest Malaysia’s value proposition in providing retail investors access to local and global Shariah-compliant investments in sectors like technology, consumption, healthcare and 5G.

“The launch of the China A-Shares ETF presents a unique opportunity for Malaysian investors to participate in the growth of the second-largest economy in the world, while adhering to the Shariah," said Syakir Hashim, CEO and Country Head of Wahed Invest Malaysia.

"By incorporating the China A-Shares ETF into Wahed’s portfolios, Wahed’s clients will be able to track the performance of the fund and achieve further diversification in maximising long-term returns based on the risk profiles.”

Meanwhile, Durraini Baharuddin, Managing Director of Value Partners Malaysia, said: “Value Partners is known as a well-recognised China investing expert for over 28 years, and has always strived to provide innovative products to our investors."

"Leveraging on our proven track record in investing in the China market, our new China A-Shares ETF is a unique tool for Malaysian investors to capture China’s opportunities in the new China economy and within the Shariah principles," she added.