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Shariah compliant unit trusts in South Africa

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Hasn't been updated in a while.

1 Oct 2014. Kagiso's annual management fee was incresed from 1.14% to 1.425% (including VAT).

1 Aug 2013. Added Old Mutual's Albaraka Balanced Fund.

20 Dec 2012. Added Kagiso Islamic Equity Fund.

6 Oct 2012. Updated Old Mutual's Albaraka Equity Fund.

3 May 2011. Kagiso Islamic Balanced Fund is launched

 

Management fees (incl VAT)

Inception Date
Benchmark
Alpha

Fund Manager

Customer feedback

Element Islamic Equity Fund

Max 3.42% initial
1.71% annual
Total Investment Charge: 2.39%

Feb 2006
Average of Shari'ah General Equity Funds with a 1-year track record (was previously JSE Shari'ah ALSI)
(2.2%) alpha to 30 June 2017

Shamier Khan

None on HelloPeter

Kagiso Islamic Balanced Fund

Max 3.42% Financial adviser
Max 1.14% ongoing advice
1.425% annual management
TIC 1.65% to June 2017

3 May 2011
SA Multi Asset High Equity
(2.4%) alpha to 30 June 2017

Abdulazeez Davids

None on HelloPeter

Kagiso Islamic Equity Fund

Max 3.42% Financial adviser
Max 1.14% ongoing advice
1.425% annual management (was 1.14% up to 30 Sep 2014)
TIC 1.64% to June 2017

13 Jul 2009
Domestic Equity General Funds mean
(0.4%) alpha to 30 June 2017

Abdulazeez Davids

None on HelloPeter

Old Mutual Albaraka Balanced Fund

Max 3.42% initial adviser
1.71% initial admin (if less than R500)
1.43% annual for Class A
1.14% annual for Class B1
Total Investment Charge (1.60% for Class A & 1.31% for Class B1; 36 months to 31 March 2017)

31 Jul 2013
Composite
(1.7%) alpha to 30 June 2017

Saliegh Salaam
Grant Watson
Warren Mcleod

Old Mutual
2.2 rating

Old Mutual Albaraka Equity Fund

Max 3.42% initial adviser
1.71% initial admin (if less than R500)
1.71% annual (Class A) or 1.25% (Class B1). Class B1 is "only available through investment platforms such as Old Mutual Wealth".
Total Investment Charge (1.96% for Class A & 1.50% for Class B1; 36 months to 31 March 2017)

1 Jun 1992
Customised SA Shari'ah Equity
0.3% alpha to 30 June 2017

Saliegh Salaam
Grant Watson
Warren Mcleod

Old Mutual
2.2 rating

Old Mutual Islamic Balanced Fund

1.43% annual
TER ?

1 Dec 2005
Combination of indices
(2.9%) alpha to 30 June 2017

Saliegh Salaam
Grant Watson
Warren Mcleod

Old Mutual
2.2 rating

New Funds Shari'a Top 40 ETF

Effective Annual Cost 0.49%

+ Platform fees/Broker fees.

6 Apr 2009
JSE Shariah Top 40 Index
+0.37% to 31 March 2017

Newfunds

None for ABSA Capital

Oasis Crescent Equity Fund

Max 3.42% initial Advisor
Max 1.71% ongoing Advisor
Max 1.71% annual
1.14% to 3.42% annual Investment Manager (depending on performance - 20% of outperformance)
TER 2.19%

31 Jul 1998
SA Shari'ah Equity Peers
+5.8% alpha to 30 June 2017

Adam Ebrahim

 

 

 

 

 

None on HelloPeter

Oasis Crescent International Feeder Fund

Max 5.13% initial
Max 1.71% annual
20% outperformance
Max 3.42% annual
TER 3.1%

28 Sep 2001
Shariah Global Equity Peers

Crescent Balanced Progressive Fund of Funds

Max 5.13% initial
Max 1.71% annual
20% outperformance
Max 3% annual
TER 2.15%

1 Mar 2005
CPI + 1%

Oasis Crescent International Property Equity Feeder Fund

Max 5.13% initial
Max 1.71% annual
20% outperformance
Max 3% annual
TER 3.31%

30 Apr 2007
OECD CPI + 3%

Oasis Crescent Worldwide Flexible Fund of Funds

Max 5.13% initial
Max 1.71% annual
20% outperformance
Max 3% annual
TER 1.64%

2 Nov 2007
Worldwide AA Flexible Fund peers

Oasis Crescent Balanced High Equity Fund of Funds

Max 5.13% initial
Max 1.71% annual
20% outperformance
Max 3% annual
TER 2.43%

1 Apr 2010
CPI + 3%

Oasis Crescent Balanced Stable Fund of Funds

Max 5.13% initial
Max 1.71% annual
20% outperformance
Max 3% annual
TER 2.48%

1 Apr 2010
CPI

Oasis Crescent Income Fund

Max 5.13% initial
0.50% annual
Max 1.71% annual
TER 0.37%

1 Apr 2010
CPI-1%

Stanlib Shari'ah Equity Fund

Max 5.70% initial
Max 1.71% annual
TER 1.82%

1 Sep 2007
JSE Shari'ah ALSI

Shawn Stockigt

Stanlib
1.9 rating

 

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