shariah funds
We offer Islamic (Shariah) funds that are managed in accordance with Shariah-compliant investment guidelines. The guidelines conform to universally accepted ethical and socially responsible principles.
The Shariah funds are suitable for investors who are looking for exposure to investments that are based in socially good principles, whilst still looking for maximum capital appreciation over the long-term.
Wealthvest Investment Management offers a global Shariah Equity Fund and a Shariah Balanced Fund. The funds cater for the various risk and liquidity requirements by investors.
Shariah Advisory Board: The Shariah funds have their own Shariah Advisory Board, whose purpose is to provide advice and guidance over investments held within these funds. The Shariah advisory board meet with the portfolio manager and team regularly to review each of the holdings. Wealthvest Investment Managers also utilizes a global independent third-party company to provide regular independent checks on the Shariah universe of available opportunities and checks compliance of current fund holdings.
Non-permissible Income: To ensure that the funds comply with Shariah law we deduct all non-permissible income from the total income distribution due to investors. We donate this non-permissible income on behalf of our investors to registered charitable organizations.