Unit Trusts

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Old Mutual Al Baraka Equity Fund

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The Old Mutual Al Baraka Equity Fund is a fully balanced equity portfolio consisting of share investments across all sectors of the JSE.

The distinguishing feature of the Old Mutual Al Baraka Equity Fund is that no investments will be made in liquor, tobacco or gambling related industries and that no interest-bearing securities other than those required to satisfy statutory requirements will be held. Great care has been taken in the research and construction of this portfolio to ensure that these criteria have been complied with at all times.

The Old Mutual Al Baraka Equity Fund will appeal to those investors who, for moral or religious reasons, wish to exclude the abovementioned sectors of the economy from their investment portfolio. An investment term of at least three to five years is recommended for this portfolio.

Click to view our Old Mutual Al Baraka Equity Fund Shariah Certificate
Click to view our Old Mutual Al Baraka Balanced Fund Shariah Certificate
Click for the latest Equity Fund Fact Sheet
Click for the latest Balanced Fund Fact Sheet
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SHARIAH SUPERVISION OF THE OLD MUTUAL AL BARAKA UNIT TRUST FUNDS

The partnered Old Mutual Albaraka Shariah funds are managed in strict accordance with Shariah. The funds afford opportunities for Muslim to invest in socially and morally responsible investments on the Johannesburg Securities Exchange and global markets, as well as Shariah-compliant cash investments.


MEMBERS OF THE SHARIAH SUPERVISORY BOARD

Dr Abdus Sattar Abu Ghudda (Chairman)

Shaykh Mahomed Shoaib Omar

Mufti Zubair Bayat

Mufti Shafique Ahmed Jakhura


SUB-COMMITTEE OF THE SHARIAH SUPERVISORY BOARD

Shaykh Mahomed Shoaib Omar (Chairman)

Mufti Zubair Bayat

Mufti Shafique Ahmed Jakhura

The Shariah Supervisory Board meets at least once annually and the Sub-committee meets at least four times a year. The Shariah Supervisory Board has appointed a sub-committee to review and ensure that all investments made by the funds comply with its directives, which are issued in line with the applicable Shariah principles as set out by AAOIFI, and to report to the Shariah Supervisory Board.

The appointment of an independent Shariah Supervisory Board to supervise the Bank and the Shariah funds is indicative of Al Baraka Bank’s absolute commitment to both Shariah and Islamic economic principles.

Page last updated: 2019-04-18