Element Islamic SCI Funds
Element investment managers have a long-term proven track record with respect to managing Shari’ah-compliant funds. We have managed Shari’ah compliant funds for more than 15 years.We are unique in the South African Shari’ah environment in that we have both an external Independent Shari’ah Supervisory and Advisory Board and an Internal Shari’ah Department. We are the only SA investment manager to be awarded full Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). We believe this is testament to our rigorous and market leading Shari’ah screening, credit and investment process.In terms of products, we are one of the few asset managers with a Sharia’h compliant global equity fund. Also, we were the first to launch a Murabaha Sukuk cash investment product in South Africa (SA).Another attractive feature is that none of our funds charge performance fees and thus one is provided with a cost-effective way to invest.
Element recognises that investors do not have the same investment horizons and motives, and therefore has several products to match the needs of the individual client. From investors with a long-term horizon who can take on risk to investors who are looking to grow their retirement savings in a safe manner while providing regular, sufficient income, Element has structured a product to maximise the outcomes of the client. Please read further for the risk and return profiles and objectives of Element’s various unit trust funds.
Islamic Unit Trust Risk-Return Profile
To read more on Shari’ah investments, as well as Element’s approach and fund range, please click here.
Shari’ah Unit Trust Summary
| ASISA Category | Benchmark | Risk Profile | Max Foreign Exposure | Max Equity Exposure | Regulation28 Compliant | Shari’ah Compliant | Management Fee (ex VAT) | Inception Date | |
| Element Islamic Global Equity SCI Fund | Global – Equity General | Dow Jones Islamic Market World Index (in ZAR) | High | 100% | 100% | Shari’ah Compliant | 1.75% | Oct 2012 | |
| Element Islamic Equity Equity SCI Fund | South African – Equity General | Average of Shari’ah General Equity Funds with at least a 1year track record | Medium High | 25% | 100% | Shari’ah Compliant | 1.50% | Feb 2006 | |
| Element Islamic Balanced Equity SCI Fund | Multi Asset – High Equity | Average of Shari’ah Balanced Funds with at least a 1year track record | Medium | 25% | 75% | Reg28 Compliant | Shari’ah Compliant | 1.50% | Apr 2010 |
Our Unit Trusts
Element Islamic Equity Equity SCI Fund
Element Islamic Balanced Equity SCI Fund Fund
Element Islamic Global Equity SCI Fund
For further information, please view our Fund Fact Sheets|Mandatory Disclosure Documents