Mandate Overview01 Sep 2022
The investment objective of the Fund is to maximise total return for investors by primarily gaining exposure to the Old Mutual Global Islamic Equity Fund. This Fund offers investors exposure to a broad spectrum of Shari’ah compliant global equity securities.. The Fund shall not make investments in companies that conduct its core business in Shari’ah prohibited activities. Such activities include (but may not be limited to) conducting business in relation to alcohol, entertainment (pornography, gambling, etc) non-halaal related products, weapons and companies whose source of income is generated by interest.
Mandate Limits01 Sep 2022
The Fund must comply with ASISA Global - Equity - General category.
The Fund must comply with the Act and Board Notice 90 thereto, as may be amended from time to time.
The Fund adheres to the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) as interpreted by a Shari’ah Supervisory Board.
New Fund - Official Announcement31 Aug 2022
The Old Mutual Global Islamic Equity Feeder Fund is a new fund, effective from 31 August 2022