Abu Dhabi, UAE – Abu Dhabi Securities Exchange Group welcomed the inclusion of the ETF “Shimera Solactive Gulf Sharia Dividend Trading Fund”. In the fourth listing the market has witnessed since the beginning of the year.
The fund is the first of its kind to track the performance of shares of Sharia-compliant companies. It provides regular dividends in GCC countries, with a focus on companies with strong performance.
It was developed by Abu Dhabi-based Lunet Global Investment Management.
24 boxes
This listing brings the number of ETFs listed on the Abu Dhabi Securities Exchange to 24. This enhances the market’s leadership as the most active and liquid center for ETFs in the Middle East region.
The launch of the fund contributes to expanding investment opportunities in the rapidly growing economies of the Gulf Cooperation Council countries. By providing a unified, diverse and transparent investment tool that gives individual and institutional investors access to the most prominent listed companies in the UAE, the Kingdom of Saudi Arabia and the State of Qatar.
The fund tracks the Shariah GCC Solactive Dividend Index (USD) Net Total Return, which includes companies with a total market capitalization of $1.49 trillion. Among them are four companies listed on the Abu Dhabi Securities Exchange: Brugge, Dana Gas, Lulu Retail, and Sharjah Islamic Bank.
The indicative return on the index’s dividends is 6.2%, while the fund combines investment criteria consistent with the provisions of Islamic Sharia. The focus is on stocks distributing cash dividends, and a selection methodology that takes into account the performance of stocks over the past twelve months. This enhances the focus on companies with strong financial foundations and the ability to achieve more sustainable income flows.
Strengthening the investment products system
This market listing enhances the system of income-generating investment products on the Abu Dhabi Securities Market. Continuing to build on strategic initiatives, including the FTSE Abu Dhabi Securities Exchange Index for the highest cash dividends. Which includes listed companies with a distinguished record in distributing profits.
The fund allows investors to benefit from growth opportunities provided by companies with strong cash flows in high-growth sectors. Including commodities, energy, retail, and banking, across a single investment vehicle, without having to deal with cross-border investment barriers or face high financial demands.
Increase in trading value
This listing comes amid the continued momentum witnessed by the ETF market on the Abu Dhabi Securities Exchange. The trading value of these funds increased by 156% annually during the first five months of 2026, reaching AED 184 million. While the number of executed trades increased by 156% to exceed 15,000 trades, trading volume increased by 152% to exceed 33 million units.
The total market value of ETFs reached AED 27.5 billion at the end of May 2026. This enhances the position of the Abu Dhabi Securities Market as the leading regional center for innovative and diversified investment products.
