Top 10 Islamic funds in Africa by three-months returns (15-Jul-2024)
Rank | Fund Manager | Fund Name | 3 months return |
1 | Hermes Fund Management (EFG Holdings) | Al Barakat Bank Islamic Money Market Fund | 19.10% |
2 | Hermes Fund Management (EFG Holdings) | Al Baraka Fund (EGP) | 15.00% |
3 | Hermes Fund Management (EFG Holdings) | Faisal Islamic Fund | 12.00% |
4 | Foord-Hassen | Foord-Hassen Shariah Equity Fund C2 USD Acc | 10.97% |
5 | Lotus Capital Limited | Lotus Halal Investment Fund | 6.59% |
6 | Lotus Capital Limited | Lotus Halal Fixed Income Fund | 3.83% |
7 | 27 Four Investment Managers | 27four Shariah Wealth Builder Fund | 3.33% |
8 | 27 Four Investment Managers | 27four Shariah Multi-Managed Balanced Fund | 3.20% |
9 | FNB Multi Management | FNB Islamic Balanced Fund | 3.20% |
10 | 27 Four Investment Managers | 27four Shariah Active Equity Fund | 3.08% |
Top 10 Islamic funds in Africa region by AuM (15-Jul-2024)
Rank | Fund Name | Fund Manager | AuM (US$ million) |
1 | Oasis Crescent Equity Fund | Oasis Crescent | 300.08 |
2 | Old Mutual Albaraka Balanced Fund | Old Mutual Unit Trust | 288.96 |
3 | Islamic Balanced Fund | Camissa Asset Management | 228.95 |
4 | Oasis Crescent Income Fund | Oasis Crescent | 172.27 |
5 | Old Mutual Albaraka Equity Fund | Old Mutual Unit Trust | 133.37 |
6 | Islamic Global Equity Fund | Camissa Asset Management | 132.02 |
7 | Islamic Equity Fund | Camissa Asset Management | 130.71 |
8 | Stanlib Multi-Manager Shariah Balanced Fund of Funds | Stanlib Multi-Manager | 124.43 |
9 | Oasis Crescent International Feeder Fund | Oasis Crescent | 114.16 |
10 | Old Mutual Albaraka Income Fund | Old Mutual Unit Trust | 97.04 |
Top 10 Islamic fund managers in Africa region by AuM (15-Jul-2024)
Rank | Fund Manager | Country | AuM (US$ million) |
1 | Oasis Crescent | South Africa | 727.71 |
2 | Camissa Asset Management | South Africa | 557.17 |
3 | Old Mutual Unit Trust | South Africa | 522.86 |
4 | Stanlib Multi-Manager | South Africa | 121.14 |
5 | 27 Four Investment Managers | South Africa | 103.32 |
6 | Sentio Capital Management | South Africa | 44.67 |
7 | Chapel Hill Denham Management | Nigeria | 32.79 |
8 | Element Investment Managers | South Africa | 24.48 |
9 | Visio Fund Management | South Africa | 21.57 |
10 | Lotus Capital Limited | Nigeria | 15.23 |
Islamic funds breakdown by asset class – Africa (15-Jul-2024)

Islamic fund breakdown by fund types – Africa (15-Jul-2024)
