Exergy and Dalma launch sharia-compliant energy tech fund

London-based energy investment firm Exergy Capital has teamed up with Dalma Capital Management, an alternative investment manager based in Dubai, to launch what they claim is the world’s first sharia-compliant investment fund focused on the energy sector.

More specifically, the fund will focus on the infrastructure and advanced technology used in the global energy market as it looks to move away from carbon-based energy and fossil fuels.

It will pursue a private equity-style investment strategy designed to generate capital gains and will look to invest in niche providers of innovative products and services related to the energy value chain, predominantly those based in Europe.

The fund has been inspired by the so-called ‘global energy transition’,  which is driving an “inevitable geopolitical shift” and creating “unique opportunities not seen in generations” according to Dr Erich Becker, founder and managing partner of Exergy.   

“The next few years of the transition are critical,” said Becker. “Investors will need to understand the unique opportunities as they are unlikely to come around again.”

Zachary Cefaratti, CEO at Dalma Capital, added: “Investing in energy of the future provides a hedge to fossil fuel economies, benefiting investors in the Middle East and beyond who are either directly or indirectly exposed to the conventional energy value chain.”

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