Values driven. Disciplined.
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We are a true high-conviction active investment manager, with a track record spanning more than two decades and an unconventional investment approach that delivers for investors.
What is Shariah investing?
Ethical investing with a faith-based foundation - it is not just for Muslims, but for anyone who values transparency and social responsibility.
Shariah investing follows Islamic finance principles, governed by standards set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI).
It ensures that capital allocation and portfolio construction comply with Shariah law, while maintaining robust investment discipline and fiduciary oversight.
Core principles of shariah investing
Prohibition of riba (interest)
Investments cannot generate income from interest-bearing instruments such as conventional bonds or deposits.
Sector exclusions
Companies primarily engaged in activities deemed impermissible - such as conventional banking, alcohol, gambling, pork products, and adult entertainment – are excluded.
Asset-backed transactions
Investments must be linked to tangible assets or real economic activity, avoiding excessive uncertainty and speculative instruments.
Risk sharing and fairness
Structures emphasise partnership and equitable distribution of risk and return, consistent with Islamic jurisprudence.
Governance and oversight:
A Shariah Supervisory Board comprising qualified scholars provides independent oversight, issuing rulings (fatwas) and certifying compliance.
Why choose Camissa for your shariah investing?
Proven track record
Camissa has managed Shariah-compliant funds since 2009, beginning with the Camissa Islamic Equity Fund and expanding to a diversified suite of five Shariah-compliant funds across global and local markets.
Deep expertise and governance
Our Shariah funds are managed by a highly experienced team of CFA charter holders, including Abdul Davids (portfolio manager with over 25 years’ experience). Oversight is provided by a respected Shariah Supervisory Board chaired by Mufti Zubair Bayat, ensuring rigorous compliance with AAOIFI standards.
Global standards and compliance
Camissa adheres to internationally recognised Shariah investment guidelines (AAOFI) established by leading Islamic institutions. Our process includes strict sector exclusions, financial ratio screening, and continuous monitoring to ensure compliance with Shariah principles.
Robust investment process
Our Shariah funds integrate Camissa’s disciplined, valuation-driven investment philosophy, grounded in a long-term perspective and the conviction to take contrarian positions when fundamentals justify - always within clearly defined Shariah parameters.
Diversified product range
We offer a simple range of Shariah-compliant funds across equity, balanced, income and global strategies - designed to meet varying risk-return objectives for institutional and retail investors.
Our Shariah-compliant fund range
Our range of local and global funds is managed by a team of skilled professionals who unearth investment opportunities in changing markets.
Islamic Equity Fund
A Shariah-compliant fund that aims to provide steady capital growth and a total portfolio return that is better than the average general equity fund.
Islamic Global Equity Fund
The Islamic Global Equity Fund has been designed to meet the enduring needs of our various clients and adheres to all restrictions necessary to remain Shariah compliant. This Ireland domiciled UCITS fund is offered by Camissa Global Asset Management ICAV, with all investment management executed by Camissa Asset Management (Pty) Ltd. Camissa Global Asset Management ICAV is entirely independent of Camissa Asset Management (Pty) Ltd.
Islamic Global Equity Feeder Fund
This feeder fund is a South African domiciled fund. The fund will be fully invested in the dollar-denominated Camissa Islamic Global Equity Fund (domiciled in Ireland), which invests in a diversified portfolio of international equity securities, subject to the statutory investment limitations.
Islamic Balanced Fund
A Shariah-compliant fund that aims to provide steady long term returns and capital growth. It seeks to provide a moderated exposure to volatility in the short term
Islamic High Yield Fund
A Shariah-compliant fund that aims to provide capital stability and optimal income returns.
Shariah Supervisory Board
The Board ensures all investment activities comply with AAOIFI standards, conducts pre- and post-trade reviews, and oversees income purification processes.
Renowned Islamic scholar with deep expertise in Shariah governance and financial jurisprudence.
Experienced scholar providing rulings and oversight on Shariah-compliant investment structures.
Specialist in Islamic finance and compliance, advising on Shariah investment principles.
Our team
Income purification
In line with Shariah principles, Camissa ensures that any income derived from impermissible sources - such as incidental interest (Riba) or other non-compliant activities - are identified, segregated, and removed from investor returns.
This process is known as income purification.
1. Identify
2. Segregate
3. Purify
4. Donate
Platform availability
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