Shariah investments

[Shah33m]

Www.oasis.co.za

 

[TheBadMadMan]

would love to know more about this, and any names/companies that do this (feel free to msg me)

I feel that at the end of the day your intention is what counts. If you intend to launder the dirty money then you might as well not launder the dirty money. Whereas Mr. Joe Blogs has no idea it is not permissible (he would otherwise stay far away). By him truely having no "bad" intentions or not knowing, he won't be commiting any sin. Only once you do it willingly does it become sinful.

 

[whipper]

any advice on which is better between Oasis and Kagiso ?

 

[aomar296]

gonna copy/paste my answer from another post


Apart from my RA's which work picked out many many moons ago, i have 3 that i contribute to in lump sums every now and then.

http://www.moneyweb.co.za/tools-and-...rustCode=27FA1
27four Shari’ah Active Equity Prescient Fund (A1) 27FA1

http://www.moneyweb.co.za/tools-and-...ustCode=OCIPED
27four Shari’ah Active Equity Prescient Fund (A1) 27FA1

http://www.moneyweb.co.za/tools-and-...rustCode=OCIFD
Oasis Crescent International Feeder Fund (D) OCIFD




The first (27four) being more domestic and the other two property/international based. Both are fairly decent and no real complaints wrt to service. Growth has been good and in line with JSE and the rest of SA stuff. No overnight spikes but consistent upward unit prices.

edit: 27four has been dismal the past few months. Granted the entire market has been poor. They did experience great growth in 2014 and early 2015 though.



There are a few smaller companies doing stuff in property, many are dodgy as hell and took people for millions. Granted they pitched the whole get rich quick scheme which many fall for, along with the 'eggs in one basket' mentality.


There's also a few smaller guys doing livestock investing. ie. group buying of bulls & other animals with the intention to breed and sell the offspring etc. Horrible website. Never used it but looks interesting.
http://www.almabroorprojects.com


There's also these guys: http://www.roshgold.co.za/ - based in Vereeniging. Never used or even read much reviews about them. Know a few of their staff who seem pretty decent and legit. (once again, horrible website)


Then there's the Albaraka Bank who is more conventional banking and offers a few short and long term investments.


As for the Shariah Compliance. Interest issue is just one aspect, the other is of the actual companies one has shares in, they too should not be dealing in interest or forbidden products. Eg SA Breweries is an obvious no no.

Salaams Naeem and to all

Is it better investing directly with these companies or through Momentum where you can invest in multiple funds under one investment option?

Fees for the funds are the same or even better sometimes as they offer exclusive funds such as Albaraka equity B1 class

Please advise