A sharia-compliant fund that aims to provide capital stability and optimal income returns.
In order to achieve its objectives, the fund will be using income generating securities within the constraints of the statutory investment restrictions for retirement savings.
The fund employs our investment process, with several filtering layers implemented over and above this. The underlying investments will comply with Sharia requirements as prescribed by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).
Who should invest?
The fund is suitable for investors invested in retirement annuities, preservation funds, pension funds, and provident funds. The portfolio will be a primary vehicle for investment by retirement funds that offer individual member choice. Furthermore, the fund is suitable for investors looking for a stable income portfolio with a low level of risk.
Minimum investment and fees (excl. VAT)
Lump sum: R5 000 and/or monthly debit order of R500
Initial fee: 0.00%
Financial adviser fee (maximum): 0.00%
Ongoing advice fee (maximum): 0.50% per annum
Management fee: 0.50%