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Shari'ah Top 40 Exchange Traded Fund  

The Shari’ah Top 40 Exchange Traded Fund (ETF) tracks FTSE/JSE Shari'ah Top 40 Index, an index compiled and calculated by FTSE and the JSE. FTSE/JSE Shari'ah Top 40 Index is comprised of securities in and is designed to represent the performance of the 40 largest and most liquid JSE-listed companies whose activities and financial ratios are Shari'ah-compliant.

The Shari’ah Top 40 excludes companies that provide financial services, deal in alcohol, certain food products, tobacco and weapons. Shari’ah compliant companies also have to adhere to certain financial rules and ratios to be acceptable.

The index is rebalanced quarterly and all dividends will be paid out to the investors on quartely basis whenever declared.

Sector allocation

Basic Materials (51.87%)
Cash/Other (0.97%)
Consumer Goods (8.39%)
Financials (4.01%)
Health Care (9.69%)
Industrials (9.74%)
Oil & Gas (11.43%)
Telecommunications (3.9%)
Source: Absa CIB
For more info please click here

The Shari’ah Top 40 is structured as a Financial Services Board (FSB)-approved Collective Investment Scheme Portfolio, issued under the NewFunds CIS umbrella. Listed on the JSE Limited, the Shari’ah Exchange Traded Fund (ETF) provides investors with a daily disclosed, low-cost and easy-to-access investment product that conforms to Shari’ah principles.

Benefits of investing in Shari’ah Top 40 securities

  • Islamic and other investors are able to invest in a financial product that conforms strictly to Shari’ah standards and principles
  • Islamic and other investors can invest in Shari’ah compliant companies identified from the FTSE/JSE Africa Top 40 Index
  • Investing and withdrawing funds is straightforward
  • Investment values can be determined at any time

Previous day closing price

R3.13

Performance

One week
One month
One year
Since inception
Returns are cumulative for periods shorter than 1 year and annualised for periods longer.

Current bid and offer

Bid price

2.86

Ask price

3.00
15 minute delay

Historical performance graph

Annualised return  4.58%
Benchmark return  11.79%
Date Range
 Shari'ah Top 40 ETF
Fund data
Asset information
Document downloads

Fund data

Launch Date 6 April 2009
Fiscal Year 31 December
Frequency of Dividend Payment Quarterly
Domicile South Africa
Currency ZAR
Manager NewFunds (Pty) Ltd
Trustees The Standard Bank of South Africa Limited
Stock Exchange JSE
JSE Code NFSH40
Market Maker ABSA

Asset information

Date (close) 20/02/2017
Number of listed securities on issue 74,446,763.31
Market Capitalisation* R 74,262,654.90
Nav per Security (Close) R 3.16
Cash Contribution per Basket R 78,549.33
Reference price** 3.15
Index Level (Close) 3079.26

Document downloads

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