What is Old Mutual Albaraka Income Fund?The Old Mutual Albaraka Income Fund aims to protect your money from interest rate fluctuations and can be used to meet multiple investor needs; saving for education or travel, an ethical investor looking for inflation-beating returns or a general risk-averse investor. Truly making it a solution for every investor at any life stage. All impermissible income from the Old Mutual Albaraka Shari’ah Funds is paid into a trust that is used directly to support social projects and uplift communities in need. We believe that this is at the forefront of impact and ESG investing.
This Regulation 28 Shar’iah compliant fund is designed to offer investors an ethical investment vehicle providing income and relative capital stability over time. Income will be provided through investment in Shari’ah compliant short- and longer-term SA and global non-equity securities.
The minimum investment amounts are R10 000 lump sum or R500/month.