Shariah compliant unit trusts in South Africa

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

	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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