The Fund seeks to track the performance of an index composed of companies from developed countries and which comply with Shariah investment principles.
All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
Sharia investment principles do not allow investment in companies which are directly active in, or derive more than 5% of their revenue (cumulatively) from the following activities (“prohibited activities”)
Sharia investment principles do not allow investment in companies deriving significant income from interest or companies that have excessive leverage. MSCI uses the following three financial ratios to screen for these companies:
Securities will be considered non-compliant with respect to financial screening if any of the financial ratios exceed 33.33%
Halal Invest portfolio consists of 49 stocks that are a representative subset of the MSCI All-Country World (ACWI) Islamic Index. The 49 stocks were specially selected in order to minimize tracking error with the MSCI ACWI Islamic Index.
The portfolio excludes fixed income as this asset class is largely non-compliant with Shariah principles. Clients are advised to hold sufficient cash elsewhere in order to achieve the recommended target asset mix.
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Halal Invest is powered by Share Owner Investments Inc a registered Portfolio Manager in Canada. Securities in your account are protected up to $1,000,000 CDN through the brokerages we use, which are Virtual Brokers, Division of BBS Securities Inc. and Canadian Share Owner Investments Inc.
