What is Old Mutual Albaraka Income Fund?Do not waste water even if you were at a running stream. Prophet Muhammad (Peace Be Upon Him). This inspiration applies equally to investing. No matter how much you have, you should always be mindful of your investment decisions. Invest with Faith.
Old Mutual, in partnership with Albaraka Bank, offers you the Shari’ah compliant Old Mutual Albaraka Income Fund. Ours is a partnership that works for you because we offer you the best of both. Whether you’re a Muslim investor seeking Shari’ah compliant funds, or simply want to manage your wealth in a way that is consciously ethical, you can invest in what you believe in, assured that your rewards remain pure. The fund aims to offer investors an ethical investment vehicle providing income and relative capital stability over time.
The fund aims 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.