Details
12-month NAV return
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Trailing 12 months
NAV / fund size
Not yet available
Liquidity
T+5
Redemption proceeds dispatched within 5 business days of an accepted request; NAV calculated daily at DSE close and published on the Manager's website
Minimum investment
TZS 100,000
What this fund invests in
Up to 70% Halal listed equities; up to 60% Sukuk; up to 30% Halal ETFs; up to 10% Shari'ah-compliant deposits (independent ceilings, not a 100% partition)
Source: offer document p22
Performance
Historical NAV change for the periods shown. Distributions may not be included; read the fund methodology before comparing income-paying funds.
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A dash means this period is unavailable; it is not a zero return.
Keep exploring
Multi-Asset Funds in Tanzania →Shariah-Compliant Funds in Tanzania →Risks & terms
- Redemption timing
- Redemption requests received before the cut-off time on a Business Day are accepted and priced on that day's Applicable NAV; the Fund dispatches redemption proceeds (net of withholding and other applicable taxes) within 5 Business Days of accepting the redemption request.
- Income distribution
- Alpha Halal Fund shall neither pay dividends nor make any periodic distributions. The return from the Fund shall solely be determined from capital gains/losses of the Net Asset Value (NAV).
- Key risks
- Principal Investment Risk; Volatility Risk; Foreign Exchange Risk; Political Risk; Specific Events Risk; Operational Risk; Regulatory Risk; Shari'ah Non-Compliance Risk
- Custodian
- CRDB Bank Plc
- Lock-in
- Trust Deed defines a 93-day lock-in from Initial Sale; Offer Document's Cool-off Period runs up to 90 business days after Initial Sale closure before Subsequent Sale/repurchase begins
- Front/Exit Load
- Offer Document Section 16.8 does not state a rate (text under that heading covers account statements, not fees); Trust Deed defines Entry Load and Exit Load ceilings of up to 1% each
- ESG Policy unverified
- Shari'ah-compliant screening and income purification (Refinitiv methodology against AAOIFI/IFSB standards)
- Notes unverified
- Shari'ah-compliant open-ended scheme constituted under the Alpha Capital Unit Trust Scheme (Trust Deed dated 15 Jun 2024); no dividends, capital growth only reflected in NAV.
Official sources
Each figure uses its own latest available date. Management fees are not necessarily total costs. Open the full profile for risks, qualifications and source documents; historical results are not a forecast.
What the offer document says
The terms below come from Alpha Halal Fund's own offer document — the minimums, loads, lock-ins and settlement windows that decide what this fund actually costs you to enter and leave.
- Structure
- Open-ended Shari'ah-compliant collective investment scheme, constituted as an umbrella-type unit trust under the Deed of Trust of the Alpha Capital Unit Trust Scheme (short name 'ALPHA Unit Trust Scheme' / 'ALPHA Fund'); Alpha Halal Fund is currently its only sub-fund. Uses a Wakalah (agency) contract: the Fund uses investors' pooled money to buy ethical assets on their behalf.
- Objective
- To basket ethical financial products within the prescribed territory (EAC and SADC) that adhere to Shari'ah principles, so as to accommodate ethical and Islamic investors whose individual investment options in conventional markets are limited, and to serve as a diversification tool for investors generally.
- Asset allocation
- Halal Equities (up to 70% of AUM); Sukuk (up to 60% of AUM); Halal ETFs (up to 30% of AUM); Shari'ah Compliant Deposits (up to 10% of AUM)
- Benchmark
- FTSE Russell Southern African Regional Halal Index
- Minimum initial investment
- TZS 100,000
- Minimum additional investment
- TZS 10,000
- Management fee
- 2% per annum of Assets Under Management (the 'Wakala Fee', per the Contract for Management Services), calculated on a weekly average and payable in arrears on a monthly basis. The Manager may charge fees at a lesser rate at its sole discretion (in which case it must itself bear any expenses beyond the approved rate), and may in its sole discretion reduce the Periodic Charge for Unitholders' benefit.
- Tax treatment
- Gains derived by a Unitholder upon redemption of units by a unit trust are not chargeable to tax as at the date of the Offer Document (Second Schedule to the Income Tax Act 2008, section 10 and Second Schedule item (u), exempting 'amounts derived from gains on realisation of asset by a Unitholder on redemption of a Unit by a Unit trust' from income tax); Under the current VAT Act, dealings in recognised stock exchanges are not subject to VAT; only Brokers' commission is liable to VAT; Tax laws are subject to change, and the Offer Document's tax information is for general guidance only -- each investor is advised to consult their own tax adviser
Checked against the fund's own offer document, page by page (reviewed 2026-09-21).