US-based investment firm Brown Advisory has launched a sharia-compliant US equity strategy aimed at institutional investors in the Middle East, following the opening of its Abu Dhabi Global Market office in May this year.

The US Large-Cap Sharia Strategy invests in about 30–35 American companies screened for compliance with Islamic finance principles and approved by an independent sharia advisory board. It was initially funded by a Middle East institutional client, reflecting growing regional demand for faith-based exposure to US markets.

The new strategy builds on a broader trend of global asset managers tailoring products for Gulf institutions seeking ethically aligned international portfolios.

Brown Advisory oversees around $174.5bn in client assets globally and has advised investors in the UAE and wider region for more than a decade.