Islamic Principles with Unrivalled Expertise
Our deep-rooted knowledge and understanding of Shari’ah compliance, coupled with a meticulous approach, ensures that we design solutions that perfectly align with Islamic jurisprudence, providing clients with unparalleled trust and peace of mind.
Beyond rigorous Shari’ah compliance, our strength extends to the practical application of Islamic financial principles. Our qualified portfolio managers, with their extensive experience in Shari’ah-compliant investments, skillfully navigate complex markets to deliver robust and ethically sound investment strategies tailored to your needs. This unique synergy of profound expert insight and proven investment acumen allows us to offer truly world-class solutions that honour your faith while pursuing your financial objectives.
Our Strategies
We offer ethical, diversified, and growth-oriented investments through our Shari’ah-compliant strategies. Our strategies also diversify across local and international markets for greater growth opportunities.
A Shari’ah-compliant equity fund that offers investors access to a broad spectrum of local and international listed shares. Designed for conscious investors, it delivers a unique source of alternative alpha and a low correlation to traditional equity strategies.
Provides access to local and international asset classes, including equity and Shari’ah-compliant cash investments. It aims to outperform the benchmark over rolling three-year periods, while seeking to optimally manage portfolio volatility.
A multi-asset income portfolio offering access to local and international asset classes, including equity liquid assets and non-equity securities, such as sukuks (Islamic bonds) and equity conduits.
For investors looking for global equity exposure and have a higher risk tolerance, our flagship Shari’ah portfolio – and one of the best-performing globally - is for you. Gain access to developed market shares without compromising your values.
Philosophy Overview
Ethical Investing Principles
Our rigorous ethical screening honours clients' values by excluding what does not align with them, ensuring portfolios remain true to their mandate and Shari'ah principles.
For complete transparency, we are audited by Albaraka Bank’s Compliance department and by external third-party auditors, Essa and Associates. All impermissible income is deposited into the South African Muslim Charitable Trust (SAMCT), an independent organisation responsible for all charity allocations.
Committed to Ethical Investing Principles
Our portfolios are designed for investors seeking steady, long-term capital growth and a moderate income, all within an ethical investment framework.
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The Shari’ah Supervisory Board
Advocate Mahomed Shoaib Omar (Chairman)
Author and attorney, Advocate Mahomed Shoaib Omar obtained his LLB from the University of KwaZulu-Natal and, in 1995, he was granted right of appearance in the High and Constitutional Courts of South Africa. Having studied Arabic and Islamic Law under Mufti Taqi Usmani, he was also a student of Qadhi Mujahidul Islam, the founder of the Islamic Fiqh Academy of India. He has authored over ten books and numerous articles in Islamic Law.
Mufti Shafique Ahmed Jakhura
Mufti Shafique Ahmed Jakhura has completed the memorization of the Holy Quran and completed his Alim (Islamic Scholarship) Course – at Taleemuddeen (Durban, South Africa). He has completed a Postgraduate 3 year Islamic Course in Islamic Jurisprudence (Darul Uloom Karachi Pakistan) under the auspices of Mufti Taqi Usmani.
Furthermore, He has completed several courses in Islamic Economics and Finance under the Centre of Islamic Economics (CIE), Karachi, Pakistan. He is a registered Certified Shari’ah Advisor and Auditor (CSAA) - Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI - Bahrain). He is a founding Director - Centre of Islamic Economics and Finance South Africawww.ciefsa.org. He Serves in the Fatwa Department at Darul Ihsan Islamic Services Centre, Durban South Africa and is a Manager International Business – Evernu Plastics PTY Ltd – www.evernu.co.za.
Mufti Zubair Bayat
Founder and current Director of the Darul-Ihsan Islamic Services Centre, and founder and former Principal and Ameer of the Zakariyya Muslim School, Mufti Zubair Bayat lectured in advanced Islamic Studies for six years at the famous Darul-Uloom, Azaadville and served as editor of the quarterly ‘An-Nasiha’ journal. He has achieved many qualifications including a master’s degree in Islamic Studies at RAU (cum laude).
For Institutional Investors. If you are a retail client, contact your advisor. Old Mutual Investment Group (Pty) Ltd (Reg No 1993/003023/07) (FSP 604) and Old Mutual Customised Solutions (Pty) Ltd (Reg No 2000/028675/07) (FSP721), jointly referred to as the Investment Manager, are licensed financial services providers, approved by the Financial Sector Conduct Authority (www.fsca.co.za) to provide advisory and/or intermediary services in terms of the Financial Advisory and Intermediary Services Act 37, 2002. The above entities are wholly owned subsidiaries of Old Mutual Investments (Pty) Ltd. Past performance is not necessarily a guide to future investment performance. Full disclosures can be found here https://www.oldmutualinvest.com/institutional/about-us/legal/investment-disclosures/.