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Halal Investment Canada
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Build wealth with Halal Investment
We are helping individuals and startups manage their funds and grow their investments with Shariah compliant Investment portfolio.
Shariah-compliant through investments certified to be aligned with your beliefs.
Active management in identifying high-quality, undervalued companies with strong growth potential.
Focused on fundamentals with a highly experienced team coupled with a disciplined, risk-aware investment approach.
Build wealth with Halal Investment
We are helping individuals and startups manage their funds and grow their investments with Shariah compliant Investment portfolio.
Shariah-compliant through investments certified to be aligned with your beliefs.
Active management in identifying high-quality, undervalued companies with strong growth potential.
Focused on fundamentals with a highly experienced team coupled with a disciplined, risk-aware investment approach.
What is shariah-compliant, or halal, investing?
Shariah is a set of Islamic religious laws that governs aspects of day-to-day life for Muslims, in addition to religious rituals. Shariah also provides Muslims with a set of principles and guidelines to help them make important decisions in their lives, including those related to finances and investments.
Halal is compliance with shariah principles. Therefore, “halal investing” requires investment decisions to be in accordance with Islamic principles governing finances and investments.
How does an investment comply with shariah principles?
To ensure compliance, shariah investment funds typically retain the services of an Islamic finance advisory board, an independent body of Islamic legal scholars. This board provides guidance and oversight on the compliance of financial products, services and transactions with the principles of shariah.
To qualify as a shariah-compliant investment, a company must meet requirements for acceptable products, business activities, debt levels, interest income and expenses.
The board will typically conduct periodic audits of a portfolio’s transactions to determine shariah-compliance for the applicable audit period, and issue a certificate of shariah compliance, or fatwa.
For Example: The Mackenzie FuturePath Shariah Global Equity Fund only selects stocks that are within the shariah-compliant Dow Jones Islamic Market Developed Markets Index. The index provider relies on guidance from the Shariah Supervisory Board of Ratings Intelligence, which issues a Shariah Audit Certificate at the end of each audit period. Ratings Intelligence also provides shariah-supervisory services to the fund, and Mackenzie Investments will make the certificate available on the fund’s web page
What is considered not Shariah-compliant?
Some investments are forbidden (“haram”) under shariah principles, due to their business activities. For example, one shariah principle (“riba”) forbids investors from receiving profits from interest bearing investments, such as loans and traditional bond products.
Typically, an independent shariah supervisory board is responsible for identifying haram businesses.
The our Shariah Global Equity Fund seeks companies within a benchmark index, which employs rules-based stock screens for shariah compliance.
Sector-based screens remove companies with revenue generated from alcohol, tobacco, pork-related products, non-Islamic financial services, entertainment, weapons and defense.
For more information on screening, please refer to our Shariah Supervisory Board’s website Shariah compliant stocks screening | Islamic stocks screening (ratingsintelligence.com)
How does the Halal Investment manage compliance requirements?
We only use the Mutual funds which invests in companies that have been pre-approved for inclusion in the Dow Jones Islamic Market Developed Markets Index, which is built with guidance from the globally recognized Shariah Advisory Board of Ratings Intelligence Partners.
Ratings Intelligence Partners issues a judgement (“fatwa”) on the shariah compliance of each company that is included in the index. They also conduct a semi-annual shariah audit on the index.
The fund has also retained the services of this advisory board to ensure shariah compliance and the accurate calculation of the fund’s purification ratio.
What is shariah-compliant, or halal, investing?
Shariah is a set of Islamic religious laws that governs aspects of day-to-day life for Muslims, in addition to religious rituals. Shariah also provides Muslims with a set of principles and guidelines to help them make important decisions in their lives, including those related to finances and investments.
Halal is compliance with shariah principles. Therefore, “halal investing” requires investment decisions to be in accordance with Islamic principles governing finances and investments.
What is considered not Shariah-compliant?
Some investments are forbidden (“haram”) under shariah principles, due to their business activities. For example, one shariah principle (“riba”) forbids investors from receiving profits from interest bearing investments, such as loans and traditional bond products.
Typically, an independent shariah supervisory board is responsible for identifying haram businesses.
The our Shariah Global Equity Fund seeks companies within a benchmark index, which employs rules-based stock screens for shariah compliance.
Sector-based screens remove companies with revenue generated from alcohol, tobacco, pork-related products, non-Islamic financial services, entertainment, weapons and defense.
For more information on screening, please refer to our Shariah Supervisory Board’s website Shariah compliant stocks screening | Islamic stocks screening
How does the Halal Investment manage compliance requirements?
We only use the Mutual funds which invests in companies that have been pre-approved for inclusion in the Dow Jones Islamic Market Developed Markets Index, which is built with guidance from the globally recognized Shariah Advisory Board of Ratings Intelligence Partners.
Ratings Intelligence Partners issues a judgement (“fatwa”) on the shariah compliance of each company that is included in the index. They also conduct a semi-annual shariah audit on the index.
The fund has also retained the services of this advisory board to ensure shariah compliance and the accurate calculation of the fund’s purification ratio.
403-768-1499