Shariah-compliant investing provides the opportunity for Muslim investors to align their investments with the established body of Islamic law. Here are answers to some of the most frequently asked questions about the subject.
The Mackenzie Shariah Global Equity Fund provides investors with peace of mind with an actively managed, shariah-compliant portfolio.
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.
The Mackenzie Shariah Global Equity Fund only selects stocks that are within the shariah-compliant Dow Jones Islamic Market World 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.
For more information on screening, please refer to our Shariah Supervisory Board’s website Shariah compliant stocks screening | Islamic stocks screening (ratingsintelligence.com)