Lunate Launches First Multi-Market GCC Shariah Dividend ETF

Lunate has launched the GCCDIV ETF, a Shariah-compliant ETF set to list on the Abu Dhabi Securities Exchange on June 23. The fund tracks the Solactive GCC Shariah Dividend Index, providing exposure to dividend-paying stocks across GCC markets, including the UAE, Saudi Arabia, and Qatar. With a 0.50% expense ratio and semi-annual dividend distributions, the ETF offers diversified access to income-generating regional equities in sectors such as energy, telecommunications, materials, and industrials. Lunate says it is the first globally listed Shariah-compliant ETF to provide multi-market GCC dividend exposure in a single product.