Old Mutual Albaraka Shariah Balanced Fund Fact Sheet

Fund Details
Fund Sector
SA – Multi Asset – Medium Equity
Assets Under Management (R m) (Mar 2019)
R2 620 R 222 8.4732%
Number of Accounts (Mar 2019)
2 093 18 0.86%
Fund Asset Allocations (R m)
Sector Mar 2019 Dec 2018
Equities R 1 002 R 845
    Local    R 1 002    R 845
    Foreign    R 0    R 0
Cash Instr. R 1 052 R 1 050
    Local    R 990    R 989
    Foreign    R 62    R 61
Property R 2 R 0
On FoF R 563 R 504
Fund Investment Aims, Objective and/or Universe
The fund aims to offer investors an ethical investment that provides steady, long-term capital growth, as well as a moderate level of income via a fund that diversifies across asset classes and regional exposure.The Shari’ah Supervisory Board oversees adherence to the applicable Shari’ah principles.

This fund specifically adheres to the standards of the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) as interpreted by the Shari’ah Supervisory Board.The fund is a Shari’ah compliant asset allocation fund that offers investors access to local and international asset classes including equity, liquid assets and non-equity securities, such as sukuks (Islamic bonds) and equity conduits.It may also invest in the funds of other unit trusts, both locally and those registered in countries with acceptable regulatory environments.This fund may invest up to 25% of its fund offshore.
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