ASB Capital marks first year with $5.8bln AUM as it eyes ETF launch

November 3, 2025-The firm currently manages $5.8bln in assets, reflecting the trust of a growing global client base, according to the announcement
ASB Capital, the asset management and investment banking arm of Al Salam Bank, is celebrating its one-year anniversary, reporting steady growth, new product launches, and regional expansion since its inception at the Gateway Gulf forum in November 2024.

The firm currently manages $5.8 billion in assets, reflecting the trust of a growing global client base, according to the announcement.

Over its first year, ASB Capital significantly expanded its offerings, launching several new investment solutions, including the global equity fund in partnership with State Street, a Mena equity fund, a technology fund, and a sukuk fund.

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ASB Capital marks first year with $5.8bln AUM as it eyes ETF launch