ETFCentral
NewFunds Shariah Top 40
Summary
Issuer
Absa Capital
Short Code
NFSH40
Launch Date
6 April 2009
Index Tracked
FTSE/JSE Shariah Top 40
Exposure
Local/Offshore
Local
Asset Class
Equity
Cost
TER
0.40%
Smart Beta
Smart Beta
Yes
Smart Beta Type
Alternative Index Construction
Dividends
Distribution Dates
Mar, Jun, Sep, Dec
Last Dividend Payout
28 April 2020
Next Dividend Payout
TBC
Detailed Description
The Shari’ah Top 40 Index ETF is an investment instrument created to comply with
Islamic ethical investing, it gives investors diversified exposure to the broad market and
allows investors to earn a market related performance while still complying with the
Shari’ah principles of investing. The NewFunds Shari’ah Top 40 Index ETF tracks the
price* performance of the FTSE/JSE Shari’ah Top 40 Index, an Index is designed to reflect
the Shari’ah compliant companies identified from the FTSE/JSE Africa Top 40 Index by
Yasaar Limited (Yasaar).
The Shari’ah Top 40 ETF is structured as a Financial Services Board (FSB)- approved Collective Investment Scheme Portfolio, issued under the NewFunds CIS umbrella. Listed on the JSE Limited, the Shari’ah Top 40 ETF provides investors with a daily disclosed, lowcost, and easy-to access investment product that conforms to Shari’ah principles.
The Shari’ah Top 40 ETF is structured as a Financial Services Board (FSB)- approved Collective Investment Scheme Portfolio, issued under the NewFunds CIS umbrella. Listed on the JSE Limited, the Shari’ah Top 40 ETF provides investors with a daily disclosed, lowcost, and easy-to access investment product that conforms to Shari’ah principles.