ADIB Capital Limited has launched the ADIB Global Healthcare Fund (OEIC) Plc, a Shari’a-compliant public fund incorporated in the Dubai International Financial Centre, aimed at providing investors with targeted exposure to global healthcare equities.
A wholly owned subsidiary of Abu Dhabi Islamic Bank PJSC and regulated by the Dubai Financial Services Authority, ADIB Capital said that the fund is designed to focus on high-conviction investments across developed markets.
The fund will invest in a diversified portfolio of listed healthcare companies spanning pharmaceuticals, biotechnology, healthcare services, and medical devices.
The sector continues to benefit from long-term global trends, including technological advancements and ageing populations, which are driving sustained global demand for healthcare solutions.
Using a bottom-up investment approach, the fund evaluates company fundamentals and prevailing market conditions to identify attractively valued opportunities.
Through active management, it aims to deliver competitive risk-adjusted returns while maintaining exposure to a traditionally defensive sector.
The fund will be managed in collaboration with BlackRock, leveraging the firm’s global sector expertise alongside ADIB Capital’s regional market knowledge and Shari’a governance framework. This partnership is expected to strengthen the fund’s investment strategy and execution capabilities.
Keith Saldanha, Head of Wealth and Global Product Solution for the Middle East and Africa at BlackRock, stated that, “This launch reflects the innovation we are seeing across Shari’a-compliant investing and the importance of working closely with partners who bring deep local expertise. Healthcare is a sector aligned with long-term societal needs, and it has been a privilege to collaborate with ADIB Capital to deliver a solution that combines rigorous Shari’a oversight with the scale and breadth of BlackRock’s active investment platform.”
The fund has received approval from ADIB’s Shari’a Supervisory Board, ensuring that its structure, investment strategy, and operations adhere strictly to Islamic finance principles. This provides investors with confidence in both governance standards and compliance integrity.
