The 27four Regulation 28 and Shari'ah compliant risk profiled range of funds was designed exclusively for members of South African retirement funds requiring a solution that would meet their investment goals without compromising Islamic law.

The funds are multi-managed balanced portfolios providing asset class and fund manager diversification by investing in a combination of Shari'ah compliant equity fund managers locally and internationally, Islamic bonds and direct physical exposure to gold bullion.

27four Shari'ah Offering

Aggressive Shari'ah Compliant Fund


This fund aims to deliver superior investment returns over the long term. The portfolio is structured to build wealth to allow for a higher income at retirement and is best suited for members with a risk horizon of greater than 8 years to retirement. Larger movements in the value of capital in the short to medium term are to be expected. Over the long term, this fund should deliver strong inflation beating performance and capital growth.

Moderate Shari'ah Compliant Fund


This fund is a medium risk fund designed to achieve moderate income and capital growth best suited for members with a risk horizon of between 3 and 8 years to retirement. The fund has a lower weighting to equities and a higher weighting to fixed income than the Aggressive Fund so as to cushion downside risk and smooth out short term volatility.

Conservative Shari'ah Compliant Fund


This fund aims to protect capital designed for members close to retirement focused on managing final payment risk. No movement in the value of capital, in the short to medium term, is to be expected. The assets of the fund are invested mostly in income generating assets as a means to achieve capital preservation and avoid downside risk.

Customised Solutions

27four can tailor Shari'ah compliant investment options to suit the risk and return requirements of individual retirement funds. Shari'ah compliant member choice can be constructed to mirror the unique strategic asset allocation of your traditional member choice funds or life stage portfolios.

For more information on our Shari'ah compliant investment solutions please contact us.

The 27four Shari'ah Supervisory Board

Our supervisory board comprises two highly respected Islamic scholars with significant experience in Shari'ah Law:

• Mufti Ahmed Suliman (Chairman), South Africa
• Mufti Mohammed Ashraf, Pakistan

The board plays an ongoing supervisory role responsible for monitoring ongoing Shari'ah compliance with regards to our investment offering, investment process implementation, mandates and legal documentation. All Shari'ah products are developed in consultation with and approved by the board. This ongoing process of product development, fund segregation and Shari'ah review ensures that 27four's Shari'ah products are free of interest and within the guidelines prescribed by the Shari'ah. A quarterly audit is completed by the board to verify Shari'ah compliance which is then certified through the issuance of a Shari'ah compliant certificate.

Click here to view our Shari'ah compliant certificate.