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Islamic Global Equities
Successful active management of a Sharia-compliant equities portfolio is not easy. It requires dedication and a long-term perspective.
Rather than hindering efforts, we believe Sharia principles help us identify exceptional growth opportunities. This is because superior returns and making a difference for society are often mutually reinforcing goals.
Our dedicated team harness the benefits of scale, drawing on insights from the entire Baillie Gifford investment floor. Thoughtful engagement with Islamic scholars is also integral to our differentiated approach.
Only a handful of companies truly matter
Islamic Global Equities offers investors an opportunity to invest in some of the world’s best growth companies. The strategy is committed to being different from the index and seeks companies that are pioneering and entrepreneurial in their respective fields while being fully Sharia-compliant.
Islamic Global Equities Strategy
Investment manager, Tolibjon Tursunov, discusses the Baillie Gifford Islamic Global Equities Strategy.
Active Investing guided by Islamic Principles
We aim to identify companies that can grow their earnings at a superior rate to the market over sustained periods, with potential that is not reflected in their current price. This underpins our objective to deliver returns of 2% plus ahead of the benchmark over rolling five-year periods, net of fees.
Our objective extends beyond attractive investment returns. We actively engage with Islamic scholars to deepen our understanding of emerging issues and share our investor perspectives in order to expand the investible universe. We hope this dialogue benefits not only our clients but also the wider Islamic investment community.
Islamic principles and long-term returns
Dive into the pillars of Islamic investing and how they shape our Islamic Global Equity strategy. Scholar Mona Siddiqui in conversation with our Portfolio Managers, Tolibjon Tursunov and Kave Sigaroudinia.
A genuinely active and diversified Shariah-compliant portfolio
We embrace the diversity of growth available to us. Our bottom-up, active investment approach results in a differentiated global equity portfolio holding 30 to 50 stocks, which invests in some of the world’s highest-quality growth companies.
Importantly, Islamic principles are considered at every step of the investment research and company monitoring process. This is complemented with input from the Shariyah Review Bureau (SRB) to ensure full compliance and a consistent application of standards and interpretation of the rules.
There is no doubt in my mind that applying Islamic principles is a help not a hinderance in generating strong investment returns.
Meet the team
Documents
Philosophy and process
Explore our investment philosophy and the processes around how the team constructs the portfolio.
Sharia Certificate
Sharia Certificate confirming the Baillie Gifford Worldwide Islamic Global Equities Fund is compliant with Shari’a Standards issued by the Shari’a Supervisory Board.
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Curious to learn more about our products and what we can offer you? Please get in touch.
Strategy portfolio holdings
A list of the top 10 holdings that the representative portfolio invests in.
All figures up to: 28 February 2025
| # | Holding | % of portfolio |
|---|---|---|
| 1 | Amazon.com | 7.3% |
| 2 | Microsoft | 7.3% |
| 3 | Alphabet | 6.6% |
| 4 | Shopify | 6.6% |
| 5 | Apple | 4.8% |
| 6 | Roche | 3.3% |
| 7 | NVIDIA | 3.3% |
| 8 | Nike | 2.7% |
| 9 | Novo Nordisk | 2.7% |
| 10 | Epiroc | 2.6% |
Please note
The information contained on this page is intended as a guide only and should not be relied upon when making investment decisions. All holdings information is unaudited. Source Baillie Gifford & Co. Please note that totals may not add due to rounding.
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Curious to learn more about our products and what we can offer you? Please get in touch.
Insights
Key articles, videos and podcasts relating to the strategy:
Filters
Insights
In conversation with our Islamic scholars
Join our Islamic Scholars as they discuss the importance of aligning investments with Islamic principles.
In conversation with our investment managers
Join co-managers Kave Sigaroudinia and Tolibjon Tursunov as they discuss the Baillie Gifford Islamic Global Equity Strategy.
A new quest: Sharia-compliant investing
Discover how the Islamic Global Equities Strategy is blending finance and faith for global impact.
Why not just invest in the index?
Partner Stuart Dunbar explores why as an active manager Baillie Gifford can add value beyond investing in an index over the long term.
Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.
Extraordinary times and opportunities
James Budden explains why now is the time for growth, as markets weather exceptional volatility
Lessons from a time traveller
A journey through time uncovers the deep transitions that can reshape our world.
Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.
Islamic Global Strategy
Investment manager, Tolibjon Tursunov, discusses the Baillie Gifford Islamic Global Strategy.
Islamic principles and long-term returns
Dive into the pillars of Islamic investing and how they shape our Islamic Global Equity strategy. Scholar Mona Siddiqui in conversation with our Portfolio Managers, Tolibjon Tursunov and Kave Sigaroudinia.
In conversation with our Islamic scholars
Join our Islamic Scholars as they discuss the importance of aligning investments with Islamic principles.In conversation with our investment managers
Join co-managers Kave Sigaroudinia and Tolibjon Tursunov as they discuss the Baillie Gifford Islamic Global Equity Strategy.A new quest: Sharia-compliant investing
Discover how the Islamic Global Equities Strategy is blending finance and faith for global impact.Why not just invest in the index?
Partner Stuart Dunbar explores why as an active manager Baillie Gifford can add value beyond investing in an index over the long term.Eric Beinhocker: evolutionary economist
How successful companies harness the power of adaptation.Extraordinary times and opportunities
James Budden explains why now is the time for growth, as markets weather exceptional volatilityLessons from a time traveller
A journey through time uncovers the deep transitions that can reshape our world.Why growth, why now?
Tough times play to the partnership’s strengths: analysing what enables us to adapt and thrive amid rapid change.Islamic Global Strategy
Investment manager, Tolibjon Tursunov, discusses the Baillie Gifford Islamic Global Strategy.
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Curious to learn more about our products and what we can offer you? Please get in touch.
Explore further
Curious to learn more about our products and what we can offer you? Please get in touch.
Important information
Baillie Gifford Overseas Limited provides investment management and advisory services to non-UK clients and is authorised and regulated by the UK Financial Conduct Authority. Baillie Gifford Overseas Limited is not licensed under the Regulation of Investment Advising, Investment Marketing and Portfolio Management Law, 5755-1995 (the “Advice Law”) and does not carry insurance pursuant to the Advice Law.
Baillie Gifford Overseas Limited markets and distributes Baillie Gifford’s range of collective investment schemes to Qualified Clients and Qualified Investors in Israel, as listed in the First Addendum to the Regulation of Investment Advising, Investment Marketing and Portfolio Management Law, 5755-1995 (the “Advice Law”) and in the First Addendum to the Israel Securities Law, 5728-1968 (the “Securities Law”). Detailed disclosure of the collective investment schemes can be found within this website and in the relevant scheme prospectus.
Baillie Gifford Overseas Limited does not provide investment advice. If you are in any doubt about whether an investment is suitable, you should seek independent advice.
No action has been or will be taken in Israel that would permit a public offering or distribution of the Funds mentioned in this website to the public in Israel. This website and the Funds mentioned herein have not been approved by the Israeli Securities Authority (the “ISA”). In addition, the Funds mentioned in this website are not regulated under the provisions of Israel’s Joint Investment Trusts law, 5754-1994 (the “Joint Investment Trusts Law”). This website and the Funds mentioned herein will only be distributed to Israeli residents in reliance on an exemption from any advice or marketing restrictions [in a manner that will not constitute “an offer to the public” under sections 15 and 15a of]/[in reliance on an exemption from the prospectus requirements under] the Israel Securities Law, 5728-1968 (the “Securities Law”) or the Joint Investment Trusts Law, and any guidelines, pronouncements or rulings issued from time to time by the ISA as applicable.