Oasis Crescent Review - Halal Finance Products
Reviewed quarterly and updated for major content changes.
Oasis Crescent offers halal financial products and services designed to align with Islamic principles. These options provide alternatives to conventional interest-based financial products, using structures like Murabaha, Ijara, and Musharakah.
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HalalWallet 2026 Review
Oasis Crescent - At a Glance
12
Products Reviewed
All
Provinces (Nationwide)
2
Categories
Our Verdict
Oasis Crescent is the anchor of South African halal investing and one of the most complete Islamic wealth ecosystems in the world outside the Gulf and Malaysia. No competitor matches the architecture: a 27-year-old flagship equity fund with a published 15.6% annual compound record, multi-asset funds at three risk levels, a R3.3 billion income fund, international feeders, a debt-free listed REIT, and retirement, preservation and endowment wrappers that keep every life stage inside one scholar-certified perimeter. Shariah governance is world class, with three internationally recognised scholars signing published annual certificates covering each fund, the insurer and the REIT manager. The honest weaknesses are price and disclosure convenience: TERs of 1.76% to 2.36% on the equity and multi-asset classes are the highest among SA's major Shariah managers (Camissa charges roughly half), performance fees on some FoF classes add drag, and current fact sheets sit behind fund-platform links rather than a clean public archive. Investors are paying a premium for pedigree and completeness; whether that premium is worth it against Camissa's pricing or the Satrix ETF's 0.40% TER is the central question, but as a one-stop certified Islamic house Oasis remains without peer in Africa.
Pros & Cons
What We Like
- Longest Shariah track record in SA fund management: flagship equity fund running since 31 July 1998 with a published 15.6% per annum since-inception return (31 March 2026)
- Only SA provider covering the full lifecycle: unit trusts, retirement annuity, preservation funds, endowment and a listed Shariah REIT under one Shariah board
- Elite, globally recognised Shariah board (Yaqoobi, DeLorenzo, Daud Bakar) with signed annual certificates published for every group entity
- Debt-free listed property fund (JSE: OAS), structurally rare and prized by strict investors who avoid leveraged REITs
- Low entry points on the retirement annuity (R350 per month) and unit trusts (R500 per month debit orders)
What Could Be Better
- Highest fee stack among SA's major Shariah managers: 2.04% to 2.36% TER on equity classes and 1.76% to 2.04% on multi-asset FoFs, versus 1.04% at Camissa and 1.19% to 1.47% at Old Mutual Albaraka
- Performance fees on several Crescent FoF classes (0.18% to 0.39% of the reported TERs in 2025-2026 periods) add cost variability
- The fund-of-funds structure on the multi-asset range layers underlying fund costs into the TER
- Current fact sheets are scattered across platform sites (Marriott/ProfileData, Discovery, PSG) rather than a clean public archive on oasis.co.za, making self-service due diligence harder than it should be
- The income fund's R33,000 lump-sum minimum is the highest retail entry point in the SA Shariah income category
Who Is Oasis Crescent Best For?
Muslim families wanting one certified home for investing, retirement and estate wrappers
No other SA provider offers unit trusts, an RA, preservation funds, an endowment and a listed REIT under a single named Shariah board with published certificates
Long-horizon equity investors who value a demonstrated multi-decade record
The 15.6% per annum compound record since 1998 is the longest published halal equity track record in South Africa
Strict investors who avoid leveraged property funds
The Oasis Crescent Property Fund is debt-free, removing the interest-bearing gearing that disqualifies most REITs from conservative Shariah portfolios
Detailed Analysis
The Oasis Group was formed in Cape Town in June 1997 by Adam Ebrahim with his brothers Mohamed Shaheen Ebrahim and Nazeem Ebrahim, on a thesis that South Africa's Muslim community, roughly two percent of the population but commercially significant, had no regulated home for faith-compliant saving. On 31 July 1998 the group launched the Oasis Crescent Equity Fund, the first Shariah-compliant collective investment scheme registered in South Africa. That first-mover position compounded: Oasis today manages the broadest halal product set in Africa, with the group's regulated entities covering collective investments (CISCA Manager No. 24), retirement fund administration (registration 24/324 under the Pension Funds Act), long-term insurance (Oasis Crescent Insurance Ltd, registration 000996/001) and financial advice (FSP 22670).
The flagship record is the franchise's calling card. Per the Q1 2026 fact sheet, the Oasis Crescent Equity Fund returned 15.6% per annum from inception to 31 March 2026, net of fees and gross of non-permissible income: R1 million at launch became R55.1 million, against R21.9 million for the average South African general equity fund over the same period. The fund holds R6.4 billion and screens both SA and global equities through the Shariah board's methodology. The record predates and spans the dot-com crash, the 2008 crisis, the 2020 pandemic and the weak SA equity decade of the 2010s, which is precisely the kind of full-cycle evidence halal investors rarely get anywhere in the world.
The multi-asset range is built as three funds of funds at ascending risk: Balanced Stable (low equity), Balanced Progressive (medium equity, R1.4 billion) and Balanced High Equity (R267 million), each blending the underlying Crescent building blocks. All three are Regulation 28 compliant, which is what makes the Oasis Crescent Retirement Annuity Fund work: RA members allocate across these FoFs and the income fund. The R3.31 billion Oasis Crescent Income Fund is the conservative anchor, built from sukuk, Shariah-compliant income instruments and non-interest placements, with a 0.70% TER that is competitive even against conventional income funds. International exposure comes through feeder funds into the group's Irish-domiciled, FCA/Central Bank of Ireland regulated global funds: the Oasis Crescent International Feeder Fund (R1.9 billion) and the International Property Equity Feeder Fund (R515 million).
The Oasis Crescent Property Fund, listed on the JSE's AltX board in 2005 under share code OAS, is a structural rarity: a REIT that operates with zero debt. Conventional REITs are typically 30-40% geared with interest-bearing debt, which is exactly what excludes them from strict Shariah portfolios. Oasis chose to forgo leverage entirely, holding prime Western Cape retail, office and industrial assets unlevered. The trade-off is muted distribution yields relative to geared peers; the payoff is a listed property instrument that passes even conservative screens, plus resilience in rate-shock years like 2022-2023 when leveraged SA REITs were punished.
Shariah governance is the strongest disclosure story in SA asset management. The Shari'ah Advisory Board comprises Shaykh Nedham Yaqoobi of Bahrain (one of the most cited scholars in global Islamic finance, with board seats across major institutions), Shaykh Yusuf Talal DeLorenzo of the United States (long-serving secretary of the Fiqh Council of North America and author of standard references on Islamic transactional law) and Prof. Mohd Daud Bakar of Malaysia (founder of Amanie Advisors and former Shariah Advisory Council member at both the Securities Commission Malaysia and Bank Negara Malaysia). Mohamed Shaheen Ebrahim represents Oasis on the board. Signed annual compliance certificates, most recently approved in Dubai on 24 February 2025, are published on oasis.co.za for each collective investment scheme, the insurance company and the property fund manager: a level of certificate publication no other SA manager fully matches.
The critical assessment centres on cost. The equity fund's Class D TER of 2.04% (Class A 2.36%) and the FoF TERs of 1.76% to 2.04%, some including performance fees of 0.18% to 0.39%, sit at the very top of the SA Shariah fee range. Camissa runs its flagship Islamic Equity and Balanced funds at 1.04% TER, Old Mutual Albaraka's B1 classes cost 1.19% to 1.30%, and the Satrix Shari'ah Top 40 ETF charges 0.40%. Over a 30-year retirement horizon, a one-percentage-point TER gap compounds to a material fraction of final wealth, and Oasis's published outperformance record is the counterargument investors must weigh. A second irritation is fact-sheet accessibility: the group's current minimum disclosure documents are easiest to obtain from platform libraries (Marriott/ProfileData, Discovery, PSG Wealth) rather than a single public archive, and the oasiscrescent.com product pages returned errors during our crawl, though oasis.co.za carries the quarterly fund facts hub. None of this dents the compliance case; it does dent the convenience case.
Strategically, Oasis is best understood as the certainty option. Investors who want maximum assurance (elite named scholars, published certificates, every wrapper in-house, a debt-free REIT) and a manager whose entire business depends on Shariah credibility will accept the fee premium. Investors optimising for cost per unit of compliance will blend cheaper building blocks: Camissa for active funds, Satrix for passive beta, Old Mutual Albaraka for audited assurance at mid-range fees. The strongest use of Oasis in a modern SA halal portfolio is arguably the wrappers and the property fund, which have no substitutes, with the open question being whether its active equity premium continues to earn its keep.
How It Works
Oasis Crescent operates as a vertically integrated Islamic financial group. The unit trusts are registered collective investment schemes under CISCA managed by Oasis Crescent Management Company Ltd; the multi-asset products are funds of funds allocating across the group's own building-block funds; international exposure runs through rand-denominated feeder funds into Irish-domiciled UCITS-style global funds managed by the group's FCA-regulated arm. Retirement products (retirement annuity, pension and provident preservation funds) are standalone funds registered under the Pension Funds Act and administered by Oasis Crescent Retirement Solutions, investing member assets into the Reg 28 compliant Crescent funds. The endowment is a sinking-fund policy issued by Oasis Crescent Insurance Ltd. The property fund is a JSE-listed REIT run debt-free. Every entity operates under the same three-scholar Shari'ah Advisory Board, and non-permissible income across the funds is identified and distributed to charity so investor returns are purified.
Choose your wrapper
Pick the vehicle for your goal: Crescent unit trusts for discretionary investing (R2,000 lump sum or R500 per month), the Retirement Annuity Fund for tax-deductible retirement saving (R350 per month), preservation funds for job-change transfers (R500 minimum), the endowment for estate planning at a 30% policyholder tax rate, or the JSE-listed property fund through a broker.
Fund the account directly or via platforms
Invest directly with Oasis or through platforms such as Discovery and PSG. The income fund carries higher minimums (R33,000 lump sum or R2,750 per month); all other unit trusts start at R2,000 or R500 debit orders.
Money is invested in screened portfolios
Equities must pass the Shariah board's business-activity and financial-ratio screens; income allocations use sukuk and non-interest placements; the property fund holds unlevered real estate with zero debt.
Purification and annual certification
The board reviews holdings and income, non-permissible income is stripped out and donated, and signed annual compliance certificates are published for each entity on oasis.co.za.
Access and exits
Unit trusts price daily with standard CIS liquidity; the REIT trades on the JSE; retirement products follow Pension Funds Act rules including Section 10C deductions on RA contributions.
Shariah Compliance Review
Oversight Level
Review details on provider's website
Shari'ah Advisory Board: Shaykh Nedham Yaqoobi (Bahrain), Shaykh Yusuf Talal DeLorenzo (US) and Prof. Mohd Daud Bakar (Malaysia), with Mohamed Shaheen Ebrahim as Oasis representative (oasis.co.za, crawled 2026-08-05)
The board conducts independent analysis of portfolio holdings and investment income and issues signed annual Shariah compliance certificates for each entity: the collective investment schemes, Oasis Crescent Insurance Ltd and Oasis Crescent Property Fund Managers Ltd
Most recent certificates approved in Dubai on 24 February 2025 and published on oasis.co.za
Non-permissible income is quantified and paid away to charitable causes, with fund returns published gross of NPI so investors can see the purification effect
Regulatory registrations: CISCA Manager No. 24, Pension Funds Act registration 24/324, long-term insurer registration 000996/001, FSP licence 22670
Shariah compliance should always be verified directly with Oasis Crescent. HalalWallet reports publicly available oversight information but does not issue fatwas or certify compliance.
How It Compares
Against Old Mutual Albaraka, Oasis offers a wider product set (wrappers, REIT, international feeders) and a more famous scholar board, while Old Mutual Albaraka counters with lower B1-class fees (1.19% balanced, 0.59% income), an external Shariah audit and the distribution muscle of SA's biggest insurer; the Albaraka Balanced Fund at R7.3 billion is more than double any single Oasis multi-asset fund. Against Camissa, the comparison is record versus price: Oasis has the 1998-vintage 15.6% compound story, Camissa delivers institutional-quality active management at roughly half the TER (1.04% flagship classes, 0.58% income) with SA's best retail sukuk vehicle. Against 27four, Oasis is a single-manager house while 27four diversifies across managers in one Shariah-certified wrapper at a 1.55% FoF TER. Against the Satrix Shari'ah Top 40 ETF at 0.40%, Oasis is the active, certificate-rich, full-service alternative; the ETF wins on cost and simplicity but has no scholar board of its own and no purification reporting. The pragmatic modern allocation often uses Oasis for wrappers and property, cheaper funds for core equity beta.
SA's oldest Islamic unit trust franchise with quarterly board meetings, an external Shariah audit and lower B1 fees; choose Albaraka for audited assurance at mid-range cost, Oasis for product completeness and the multi-decade equity record.
The value-for-money leader: 1.04% TERs on flagship Islamic funds and a 0.58% sukuk-driven High Yield fund; choose Camissa for cost-efficient active management, Oasis for wrappers, certificates and the listed debt-free REIT.
vs. Satrix (Shari'ah Top 40 ETF)
The passive alternative at 0.40% TER, buyable from one unit; choose the ETF for cheap halal equity beta, Oasis for active management, global diversification and formal scholar governance.
vs. 27four Investment Managers
Multi-manager diversification across SA's Shariah managers in one fund; choose 27four to avoid single-manager risk, Oasis for direct access to the longest single-manager record.
Bottom Line
Oasis Crescent remains the reference point for halal investing in South Africa: the oldest record, the broadest architecture, the strongest scholar board and the only debt-free listed Shariah REIT. Its fees are the highest among the major SA Islamic managers, and cost-sensitive investors should compare the Camissa range and the Satrix ETF for core exposure. But for investors who want everything, equity, income, retirement, preservation, endowment and property, certified under one world-class Shariah board with published annual certificates, there is still only one address in Africa.
Products from Oasis Crescent
Why It's Halal
Every underlying holding is an Oasis Crescent fund certified by the group's independent Shari'ah Advisory Board, whose signed annual compliance certificates are published on the Oasis site. Income assets are non-interest instruments and sukuk via the Crescent Income Fund rather than conventional bonds, which is what makes a Shariah medium-equity prudential portfolio possible at all. Class A and D charge a 1% base fee plus a 20% performance fee share against CPI + 1% over rolling 36 months. The honest caveats: the Class B TER of 2.04% for the period 1 October 2022 to 30 September 2025 (Class D 1.76% at 31 March 2026 per ProfileData) is expensive for a medium-equity mandate, and the CPI + 1% hurdle for performance fees is a low bar that makes fee accrual likely in most positive markets.
Oasis Crescent
Oasis Crescent Balanced Progressive Fund of Funds
The medium-equity member of the Oasis Crescent balanced trio and the oldest, launched on 2 March 2005. It is a Regulation 28 compliant, Shariah-compliant multi-asset medium equity fund of funds (ASISA South African - Multi Asset - Medium Equity) with a CPI + 1% benchmark and a low-to-medium risk profile. Fund size was R1.4 billion at the Q1 2026 minimum disclosure document, making it the largest of the three Crescent FoFs. Distributions are quarterly. Like its siblings it allocates across the Crescent equity, income, international and property funds, and it is offered inside the Oasis Tax Free Investment Account and on the Momentum platform. Minimums are R2,000 lump sum or R500 monthly.
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Oasis Crescent
Oasis Crescent Pension Annuity (Post-Retirement Shariah Income)
South Africa's first Shariah-compliant pension annuity: the post-retirement income product that receives compulsory annuitisation money from retirement annuities, preservation funds and employer funds, and pays a regular income through retirement while remaining invested in Shariah-compliant portfolios. It is listed on the Oasis fund selection page as a post-retirement product available to individuals who have retired and want to transfer retirement savings to receive a regular income (a conventional-mandate Oasis Pension Annuity is offered alongside it, with the Crescent version carrying the Shariah mandate). Administration sits with Oasis Crescent Retirement Solutions (Pty) Ltd, the group's licensed pension fund administrator, with Oasis Crescent Capital as investment advisor and application forms published on the Oasis forms page.
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Oasis Crescent
Oasis Crescent Endowment Policy
A Shariah-compliant endowment (long-term insurance investment policy) issued by Oasis Crescent Insurance Ltd, the group's registered long-term insurer (Long Term Insurance Act registration 000996/001). The endowment wraps the certified Oasis Crescent investment range in an insurance policy structure, the vehicle South African planners typically use for investors with marginal tax rates above 30% (policy investment income is taxed within the fund at the insurer level), for estate planning with nominated beneficiaries, and for disciplined medium-term saving. Oasis publishes quarterly fund facts for the Oasis Crescent Endowment Policy alongside a Property Endowment Policy variant and Pension Annuity products in its insurance range. Published public detail on minimums and charges is thin; terms are provided via Oasis Crescent Advisory Services and supporting financial advisers.
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Oasis Crescent
Oasis Crescent Preservation Pension Fund and Preservation Provident Fund
Shariah-compliant preservation wrappers for South Africans leaving an employer pension or provident fund who want to preserve their accumulated benefits without moving into interest-based portfolios. Both funds are registered with the FSCA and SARS, administered by Oasis Crescent Retirement Solutions (Pty) Ltd with Oasis Crescent Capital (Pty) Ltd as investment advisor, and run a moderate-risk balanced Shariah mandate under prudential (Regulation 28) guidelines. Members may retire from the funds from age 55 (retirement from employment is not required for the preservation pension fund), taking up to one third as a lump sum (partly tax-free per the retirement tax tables) with the remainder purchasing an annuity, for which Oasis offers its own Shariah-compliant Crescent Pension Annuity. Current retirement lump sum tax tables are published on the fund pages.
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Oasis Crescent
Oasis Crescent Retirement Annuity Fund
South Africa's pioneering Shariah-compliant retirement annuity, part of the first Shariah suite in the country to span a collective investment scheme, retirement fund, balanced fund, pension annuity and regulated income fund. The fund is an FSCA-registered retirement annuity fund approved by SARS, administered by Oasis Crescent Retirement Solutions (Pty) Ltd (a licensed pension fund administrator) with Oasis Crescent Capital (Pty) Ltd as investment advisor. It runs a moderate-risk balanced Shariah mandate in accordance with prudential (Regulation 28) guidelines, investing across Shariah-compliant equity, property and sukuk-type income instruments through the Oasis Crescent fund range. Investors contribute single or recurring amounts (minimum R500 monthly per the fund selection page), claim tax relief up to 27.5% of taxable income (capped at R350,000 a year), and can transfer in from other approved pension, provident and RA funds. Reporting is GIPS-compliant with daily pricing submitted to S&P Micropal, Bloomberg and Failaka.
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Oasis Crescent
Oasis Crescent Property Fund (JSE: OAS)
A JSE-listed, Shariah-compliant real estate investment trust and one of the very few debt-free listed REITs anywhere in the world. The fund was created under the Oasis Crescent Property Trust Scheme, registered under the Collective Investment Schemes Control Act, incorporated on 23 November 2005 and listed on the JSE in 2005 (today on the AltX board under share code OAS, ISIN ZAE000074332). It holds prime South African retail, office and industrial assets and is managed by Oasis Crescent Property Fund Managers Ltd, a regulated Oasis subsidiary. Because it is listed, any South African with a stockbroking or EasyEquities-style account can buy units at market price with no minimum beyond one unit, making it the most accessible Oasis product for small investors.
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Oasis Crescent
Oasis Crescent International Property Equity Feeder Fund
A rand-denominated feeder launched on 30 April 2007 that invests into the UK-based Oasis Crescent Global Property Equity Fund, giving South Africans Shariah-compliant exposure to listed property companies on international exchanges. It is classified Global - Real Estate - General and benchmarked to the CPI rate of OECD countries + 3% in rand. The underlying fund targets a competitive US dollar income yield from high-quality property and property-related listed companies, aiming for both rental-driven income and capital growth. Fund size was R515 million with a TER of 1.09% at 31 March 2026 and a trailing distribution yield of 2.38% (Marriott/ProfileData). Minimums are R2,000 lump sum or R500 monthly, with quarterly distributions.
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Oasis Crescent
Oasis Crescent International Feeder Fund
A rand-denominated global equity feeder launched on 28 September 2001 that invests exclusively into the Oasis Crescent Global Equity Fund, the group's flagship UK-domiciled, FCA-regulated Shariah global fund (the underlying fund was restructured via a merger on 11 December 2020). Classified as Global - Equity - General with a medium-to-high risk profile, it is benchmarked against the MSCI ACWI Islamic USD Net Total Return Index since December 2020 (previously the Average Shari'ah Global Equity Peer Group). Fund size was R1.9 billion at the Q3 2025 fact sheet. Because the feeder is rand-denominated, South Africans invest without using their offshore allowance or applying to the SARB for foreign exchange approval. Minimums are R2,000 lump sum or R500 monthly.
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Oasis Crescent
Oasis Crescent Income Fund
The Oasis Crescent Income Fund is a specialist Shariah income portfolio launched on 31 March 2010 (Class A trading from early April 2010), classified under ASISA South African - Multi Asset - Flexible with a low risk profile and the South African CPI as benchmark. It is one of the largest halal income vehicles in the country at R3.31 billion (ProfileData, July 2026) and delivered a trailing twelve-month distribution yield of 6.45%. The portfolio blends domestic and global non-interest income instruments: at 31 March 2026 roughly 55% domestic money-market-type non-interest placements, 15% government issued paper (sukuk), 17% foreign income assets and the balance in rand income funds and cash. Unusually for the Crescent range, minimums are high: R33,000 lump sum or R2,750 per month.
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Oasis Crescent
Oasis Crescent Balanced Stable Fund of Funds
The conservative anchor of the Oasis Crescent balanced range, launched on 1 April 2010 as a Regulation 28 compliant, Shariah-compliant multi-asset low equity fund of funds. Equity exposure is constrained to between 30% and 40% in line with the ASISA South African - Multi Asset - Low Equity classification, and the benchmark is the CPI rate. It is built for capital preservation with moderate growth: the natural home for halal investors close to retirement, living off capital, or holding an RA in drawdown mode. Class D carried a 1.76% TER at 31 March 2026 including a 0.39% performance fee component (Moneyweb). Minimums are R2,000 lump sum or R500 monthly, and the fund appears in the Oasis Tax Free Investment Account and on the Discovery and Momentum platforms.
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Oasis Crescent
Oasis Crescent Balanced High Equity Fund of Funds
A Regulation 28 compliant, Shariah-compliant multi-asset high equity fund of funds launched on 1 April 2010, targeting CPI + 3%. The portfolio wraps the Oasis Crescent range into a single prudential vehicle: at 31 March 2026 roughly 72% sat in the Oasis Crescent Equity Fund, 7.6% in the Crescent Income Fund and 6.1% in the International Feeder Fund (Marriott/ProfileData). Because it observes Regulation 28 of the Pension Funds Act it can be used inside retirement annuities, preservation funds and tax-free accounts, which is exactly how Oasis packages it (it is one of the funds offered in the Oasis Tax Free Investment Account line-up). Minimums are R2,000 lump sum or R500 monthly, with fund size around R267 million.
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Oasis Crescent
Oasis Crescent Equity Fund
South Africa's first Shariah-compliant regulated collective investment scheme, launched on 31 July 1998 and still the flagship of the Oasis Crescent range. The fund is an actively managed South African general equity portfolio (ASISA South African - Equity - General) run by Oasis founder Adam Ebrahim, holding Shariah-screened JSE-listed shares with meaningful offshore exposure through the group's global funds. Fund size was R6.4 billion at the Q1 2026 fact sheet. The published track record is exceptional: R1 million invested at inception on 1 August 1998 had grown to R55.1 million by 31 March 2026, an annualised 15.6% per year against 11.8% for its benchmark, the Average South African Shari'ah Equity General Portfolio. Minimums are genuinely retail at R2,000 lump sum or R500 per month.
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Where Available
Based on listings we track, Oasis Crescent operates nationwide:
Nationwide availability
Availability may vary by product type. Always verify current availability directly with Oasis Crescent.
How We Compare
- • We review publicly available information from providers, including Shariah compliance documentation.
- • We compare financing structures, total costs, down payment requirements, and state availability.
- • We prioritize providers that clearly explain their halal compliance rationale and operate with transparency.
- • We note which products are available nationwide versus regionally.
- • Learn more about our methodology.
Quick Answer
Oasis Crescent offers halal financial products that comply with Shariah principles, avoiding interest (riba) and prohibited industries. Their products are available in 1 state and include Investing, Retirement options.
Key Takeaways
- Oasis Crescent offers Shariah-compliant financial products that avoid interest and prohibited industries.
- Products are available in 1 state: Nationwide.
- Product categories include Investing, Retirement.
- Always verify compliance directly with Oasis Crescent and consult qualified Islamic finance advisors when needed.
- Compare Oasis Crescent's products with other providers to find the best fit for your needs.
Important: HalalWallet provides general information and comparisons to help you explore halal financial options. HalalWallet, Inc is not a licensed financial services provider under the FAIS Act and is not registered with the FSCA or the SARB; nothing on this site is financial advice as defined by FAIS, and we do not provide legal or religious advice. Product structures and Shariah compliance oversight vary by provider. Always verify halal compliance directly with providers and consult with qualified Islamic finance advisors or scholars for guidance on specific products and your individual circumstances.
Sources and review process
This page is reviewed against HalalWallet editorial standards and source documentation.
Reviewed by: HalalWallet Editorial Team
Last reviewed: 2026-03-09
- HalalWallet Methodology
- Editorial Policy
- Disclosures
- Oasis quarterly fund facts hub (crawled 2026-08-05)
- Oasis Group history, entities and registrations (crawled 2026-08-05)
- Oasis Shari'ah Advisory Board and annual compliance certificates (crawled 2026-08-05)
- Oasis Crescent Equity Fund data, Marriott/ProfileData (crawled 2026-08-05)
- Moneyweb fund data: Oasis Crescent Balanced Stable FoF TER and performance fee (crawled 2026-08-05)
- JSE listing reference for Oasis Crescent Property Fund (OAS), AltX (crawled 2026-08-05)
How to cite this page
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For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.
Related Guides
Frequently Asked Questions
What types of halal products does Oasis Crescent offer?
Oasis Crescent offers 12 products across 2 categories. Oasis Crescent is best for [object Object],[object Object],[object Object]. Review the products listed above or contact Oasis Crescent directly for current offerings.
How does Oasis Crescent ensure Shariah compliance?
Shari'ah Advisory Board: Shaykh Nedham Yaqoobi (Bahrain), Shaykh Yusuf Talal DeLorenzo (US) and Prof. Mohd Daud Bakar (Malaysia), with Mohamed Shaheen Ebrahim as Oasis representative (oasis.co.za, crawled 2026-08-05) The board conducts independent analysis of portfolio holdings and investment income and issues signed annual Shariah compliance certificates for each entity: the collective investment schemes, Oasis Crescent Insurance Ltd and Oasis Crescent Property Fund Managers Ltd Most recent certificates approved in Dubai on 24 February 2025 and published on oasis.co.za Non-permissible income is quantified and paid away to charitable causes, with fund returns published gross of NPI so investors can see the purification effect Regulatory registrations: CISCA Manager No. 24, Pension Funds Act registration 24/324, long-term insurer registration 000996/001, FSP licence 22670
How does Oasis Crescent work?
Choose your wrapper: Pick the vehicle for your goal: Crescent unit trusts for discretionary investing (R2,000 lump sum or R500 per month), the Retirement Annuity Fund for tax-deductible retirement saving (R350 per month), preservation funds for job-change transfers (R500 minimum), the endowment for estate planning at a 30% policyholder tax rate, or the JSE-listed property fund through a broker. Fund the account directly or via platforms: Invest directly with Oasis or through platforms such as Discovery and PSG. The income fund carries higher minimums (R33,000 lump sum or R2,750 per month); all other unit trusts start at R2,000 or R500 debit orders. Money is invested in screened portfolios: Equities must pass the Shariah board's business-activity and financial-ratio screens; income allocations use sukuk and non-interest placements; the property fund holds unlevered real estate with zero debt. Purification and annual certification: The board reviews holdings and income, non-permissible income is stripped out and donated, and signed annual compliance certificates are published for each entity on oasis.co.za. Access and exits: Unit trusts price daily with standard CIS liquidity; the REIT trades on the JSE; retirement products follow Pension Funds Act rules including Section 10C deductions on RA contributions.
Is Oasis Crescent available in my state?
Oasis Crescent operates nationwide, though specific products may have regional limitations. Always verify current availability directly with Oasis Crescent.
What are alternatives to Oasis Crescent?
Against Old Mutual Albaraka, Oasis offers a wider product set (wrappers, REIT, international feeders) and a more famous scholar board, while Old Mutual Albaraka counters with lower B1-class fees (1.19% balanced, 0.59% income), an external Shariah audit and the distribution muscle of SA's biggest insurer; the Albaraka Balanced Fund at R7.3 billion is more than double any single Oasis multi-asset fund. Against Camissa, the comparison is record versus price: Oasis has the 1998-vintage 15.6% compound story, Camissa delivers institutional-quality active management at roughly half the TER (1.04% flagship classes, 0.58% income) with SA's best retail sukuk vehicle. Against 27four, Oasis is a single-manager house while 27four diversifies across managers in one Shariah-certified wrapper at a 1.55% FoF TER. Against the Satrix Shari'ah Top 40 ETF at 0.40%, Oasis is the active, certificate-rich, full-service alternative; the ETF wins on cost and simplicity but has no scholar board of its own and no purification reporting. The pragmatic modern allocation often uses Oasis for wrappers and property, cheaper funds for core equity beta. Old Mutual Albaraka: SA's oldest Islamic unit trust franchise with quarterly board meetings, an external Shariah audit and lower B1 fees; choose Albaraka for audited assurance at mid-range cost, Oasis for product completeness and the multi-decade equity record. Camissa Asset Management: The value-for-money leader: 1.04% TERs on flagship Islamic funds and a 0.58% sukuk-driven High Yield fund; choose Camissa for cost-efficient active management, Oasis for wrappers, certificates and the listed debt-free REIT. Satrix (Shari'ah Top 40 ETF): The passive alternative at 0.40% TER, buyable from one unit; choose the ETF for cheap halal equity beta, Oasis for active management, global diversification and formal scholar governance. 27four Investment Managers: Multi-manager diversification across SA's Shariah managers in one fund; choose 27four to avoid single-manager risk, Oasis for direct access to the longest single-manager record.
Are Oasis Crescent's products more expensive than conventional options?
Halal financing structures can have different fee structures compared to conventional products. Some options may be competitive with conventional rates, while others may have different cost structures. Pricing varies by product type, location, and individual circumstances. Always compare total costs and terms when evaluating options.
How do I contact Oasis Crescent?
Contact information for Oasis Crescent should be available through their website or the product listings above. Use the action links provided with each product to visit Oasis Crescent's website or contact them directly for more information.
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