4 articles tagged “Satrix”

Two Shariah ETFs trade on the JSE, both from Satrix: the Shari'ah Top 40 ETF (TER 0.40%) and the MSCI World Islamic Feeder ETF (TER 0.55%). What happened to the NewFunds Shari'ah Top 40, how each screens, and TFSA rules.

South Africa gives halal investors two tax wrappers: a tax-free savings account at R46 000 a year and a retirement annuity deductible up to 27.5% of income. Which to fill first depends on your marginal rate and horizon.

Four platforms South African Muslims use to invest halal, compared on minimums, platform fees, which Shariah funds and ETFs they carry, tax-free account support and who each one suits.
One Shariah ETF survives on the JSE: STXSHA, at a 0.40% TER with 17 years of listed history. What the Yasaar screens include, what the fund does not do (no scholar board, no purification reporting), and who should own it.