COLLECTIVE INVESTMENT SCHEMES

Sharia-compliant unit trust funds invest only in companies and instruments that are permitted under Islamic law, and are subject to scrutiny by a shariah supervisory board. The rand-denominated retail funds available to investors are:

• 27Four: Shari’ah Active Equity Prescient Fund and Shari’ah Balanced Prescient Fund of Funds.

• Absa NewFunds: Shari’ah Top 40 Index Fund.

• Element: Islamic Equity Fund, Islamic Balanced Fund and Islamic Global Equity Fund.

• Kagiso: Islamic Equity Fund and Islamic Balanced Fund.

• Oasis: Crescent Equity Fund, Crescent Balanced High Equity Fund of Funds, Crescent Balanced Progressive Fund of Funds, Crescent Balanced Stable Fund of Funds, Crescent International Feeder Fund, Crescent International Balanced Low Equity Feeder Fund, Crescent International Property Equity Feeder Fund and Crescent Income Fund.

• Old Mutual: Albaraka Equity Fund and Albaraka Balanced Fund.

• Sentio: SCI HIKMA Shariah Fund and SCI HIKMA Shariah Balanced Fund.

• Stanlib: Shariah Equity Fund and Stanlib Multi-Manager Shari’ah Balanced Fund of Funds.