Top 10 Islamic funds in Africa by three-month returns (12-May-2025)
Rank | Fund Name | Fund Manager | 3 months return |
1 | Faisal Islamic Fund | Hermes Fund Management (EFG Holdings) | 20.17 |
2 | Kuza Shariah Momentum Special Fund | Kuza Asset Management | 10.02 |
3 | The Etica Shariah Fund | Etica Capital | 9.20 |
4 | Al Baraka Bank Islamic Fund | Hermes Fund Management (EFG Holdings) | 9.00 |
5 | Mansa-X Shariah | Standard Investment Bank | 3.47 |
6 | Lotus Halal Fixed Income Fund | Lotus Capital Limited | 3.28 |
7 | Lotus Halal Investment Fund | Lotus Capital Limited | 3.23 |
8 | FNB Islamic Balanced Fund | FNB Multi Management | 2.40 |
9 | 27four Shariah Income Fund | 27 Four Investment Managers | 2.00 |
10 | Al Baraka Fund (EGP) | Hermes Fund Management (EFG Holdings) | 1.20 |
Top 10 Islamic funds in Africa by AuM (12-May-2025)
Rank | Fund Name | Fund Manager | AuM (US$ millions) |
1 | Lapfund Amal Fund | Lapfund | 509.65 |
2 | Satrix Shari’ah Top 40 ETF | Satrix | 295.97 |
3 | Oasis Crescent Equity Fund | Oasis Crescent | 290.49 |
4 | Old Mutual Albaraka Balanced Fund | Old Mutual Unit Trust | 290.49 |
5 | Islamic Balanced Fund | Camissa Asset Management | 242.26 |
6 | Stanlib Multi-Manager Shariah Balanced Fund of Funds | Stanlib Multi-Manager | 209.92 |
7 | Old Mutual Global Islamic Equity Portfolio | Old Mutual Unit Trust | 203 |
8 | Oasis Crescent Income Fund | Oasis Crescent | 175.39 |
9 | Old Mutual Albaraka Equity Fund | Old Mutual Unit Trust | 137.03 |
10 | Islamic Equity Fund | Camissa Asset Management | 131.54 |
Top 10 Islamic fund managers in Africa by AuM (12-May-2025)
Rank | Fund Manager | Country | AuM (US$ millions) |
1 | Old Mutual Unit Trust | South Africa | 841.48 |
2 | Oasis Crescent | South Africa | 808.59 |
3 | Camissa Asset Management | South Africa | 662.9 |
4 | Lapfund | Kenya | 509.65 |
5 | Satrix | South Africa | 297.89 |
6 | 27 Four Investment Managers | South Africa | 245.65 |
7 | Stanlib Multi-Manager | South Africa | 209.92 |
8 | Sentio Capital Management | South Africa | 40.26 |
9 | Chapel Hill Denham Management | Nigeria | 33.58 |
10 | Azimut Egypt Asset Management | Egypt | 31.57 |
Islamic funds breakdown by asset class – Africa (12-May-2025)

Islamic funds breakdown by fund type – Africa (12-May-2025)
