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Provided by the South African National Department of Health
For our Muslim investors it’s essential that all income adheres to the strict dictates of the Shariah – earnings should be pure and choice. This is why Sanlam Private Wealth has introduced a South African first – a customised share portfolio solution that complies with the Shariah guidelines.
As well as setting out rules concerning income, the Shariah guidelines also prohibit financial involvement with companies such as conventional banks, casinos and alcohol producers. Another key element of Islamic investing is the avoidance of interest, or Riba.
To ensure Shariah-compliant investment, it is essential to engage with an investment adviser of faith, with the necessary experience and industry expertise. We bring clients a solid combination of certified Shariah compliances, and the impressive track record of a world-class company.
To qualify for inclusion in our Shariah solution, all investments are thoroughly evaluated:
Riba-earned plus non-permissible income must be less than 5%.
The above steps determine qualification.
This involves an in-depth analysis to assess the investment potential.