HANetf ICAV - Saturna Al-Kawthar Global Focused Equity UCITS ETF
HANetf ICAV - Saturna Al-Kawthar Global Focused Equity UCITS ETF (LSE: AMAP) is an exchange-traded fund listed on the London Stock Exchange ETF segment, trading at £9.20 (about ₹1,171 a unit) as of 2 Oct 2026, 11:12 AM ET. It has an expense ratio of 0.75%. Indian residents can buy AMAP through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
£9.08
Today's high
£9.24
52 week low
£7.54
52 week high
£10.97
AMAP opened at £9.18, closed previously at £9.04, and has traded between £7.54 and £10.97 over the past 52 weeks.
About
The Saturna Al-Kawthar Global Focused Equity UCITS ETF (AMAL) is an actively managed fund that invests in global equities, specifically targeting companies that adhere to Shariah principles and demonstrate robust environmental, social, and governance (ESG) performance. AMAL's objective is to deliver long-term capital appreciation, embodying core tenets of Islamic finance such as being asset-backed, operating ethically, distributing risks equitably, and maintaining strong governance standards. This Shariah-aligned global equity ETF typically constructs a focused portfolio of 30 to 45 high-quality, attractively valued international businesses. These selections are based on their superior standing across various ESG, financial, and valuation metrics, alongside their promising growth prospects. The fund employs a global investment strategy, operating without specific geographic or industry benchmark constraints.
Key statistics
Expense ratio
0.75%
Assets (AUM)
£16.5M
Holdings
—
NAV
£906.00
Avg. volume
—
1-year price change
+14.08%
5-year price change
+48.29%
Price change excludes dividends.
Top 10 holdings
These 10 are 42.7% of the fund.
Where the money is invested
Sectors
Countries
How to buy AMAP from India
Indian residents can buy AMAP units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to GBP when you buy.
Search AMAP and buy
Find the fund by its ticker, AMAP, on the London Stock Exchange ETF segment, and place your order.
Read the full guide: how to invest in AMAP from India
Trading and taxes when buying AMAP from India
Trading and limits
- Trading hours
- 8:00 am – 4:30 pm UK
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
Custody. Units are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
What is the AMAP price today?
HANetf ICAV - Saturna Al-Kawthar Global Focused Equity UCITS ETF (AMAP) last traded at £9.20 on the London Stock Exchange ETF segment, as of 2 Oct 2026, 11:12 AM ET. That is ₹1,171 a unit at the 1 Oct 2026 GBP/INR rate.
When does AMAP trade, in Indian time?
The London Stock Exchange ETF segment trades 12:30 pm – 9:00 pm IST. The window shifts to 1:30 pm – 10:00 pm IST when the UK is on standard time. Orders can only execute during that window.
How big is AMAP, and what does it cost to hold?
HANetf ICAV - Saturna Al-Kawthar Global Focused Equity UCITS ETF manages about £16.5M. Its expense ratio is 0.75% a year, deducted inside the fund. It launched in 2020.
Is AMAP a UCITS ETF?
Yes. HANetf ICAV - Saturna Al-Kawthar Global Focused Equity UCITS ETF is a UCITS fund domiciled in Ireland, set up under the European Union's UCITS rules for funds sold across Europe. It is listed on the London Stock Exchange ETF segment and trades in GBP.
What are AMAP's largest holdings?
The top three are TAIWAN SEMICONDUCTOR (7.0%), MICROSOFT CORP COMMON (5.2%) and ALPHABET INC-CL A - (4.9%). AMAP's 10 largest positions make up 42.7% of the fund.
Is AMAP subject to US estate tax?
No. Because AMAP is domiciled in Ireland rather than the US, it is not a US-situs asset, so US estate tax does not apply to it. US-listed ETFs held directly can be taxed at up to 40% above $60,000 when they pass to your family.
How are US dividends taxed inside AMAP?
The US withholds 15% on dividends from the US shares the fund holds, and that tax is paid inside the fund. You cannot claim it as a Foreign Tax Credit in India.
How are gains on AMAP taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
How has AMAP performed?
AMAP's price is up 14.1% over the past year and up 48.3% over five years. These figures are price change only and exclude dividends; past performance does not guarantee future returns.
How is AMAP different from a US-listed ETF?
AMAP is domiciled in Ireland rather than the US. That keeps it outside US estate tax, and dividend withholding on its US shares is 15%, paid inside the fund, instead of the 25% withheld on a US-listed ETF. The 25% can generally be claimed as a credit in India; the 15% cannot. Capital gains on both are taxed the same way in India.