Super

Salic Superannuation

Shariah compliant super, where your funds are invested in a managed portfolio of halal securities/shares.

The SALIC Superannuation Fund is a regulated Superannuation fund providing Superannuation benefits to its members. The Trustee, responsible for management, is Equity Trustee; and the Fund Manager, responsible for the screening and selection of investments, is Van Eyk. The fund is a complying Superannuation fund under the Superannuation Industry (Supervision) Act 1993.

The Fund has a number of advantages including the ability for you to tailor an investment structure to meet your needs by choosing from 3 options which are backed by carefully selected 'principled' investment strategies (no investments in such commercial activities which includes, but not limited to, the production, promotion or selling of alcohol, tobacco, gambling games, hotels, pork products, weapons, financial and insurance services).

In addition to retirement savings, the Fund provides a facility for you to select insurance cover which becomes payable on the event of your death or upon total & permanent disablement.

* The Dow Jones Islamic Market Indexes were created for people who wish to invest according to Islamic investment guidelines . . .

The first step in constructing the Dow Jones Islamic Market Indexes is to exclude from the index universe any industry group that represents an incompatible line of business . . . Incompatible lines of business include: Alcohol, Pork-related products, Conventional financial services (banking, insurance, etc.), Entertainment (hotels, casinos/gambling, cinema, pornography, music, etc.) . . .

Once companies with unacceptable primary business activities have been eliminated from the universe, the remaining stocks are tested according to three "filters" designed to remove those with unacceptable financial ratios. The three filters are as follows:

Exclude companies . . . if Total Debt divided by Trailing 12-Month Average Market Capitalization is greater than or equal to 33%.

. . . if the sum of Cash and Interest Bearing Securities divided by Trailing 12-Month Average Market Capitalization is greater than or equal to 33%.

. . . if Accounts Receivables divided by Total Assets is greater than or equal to 45%.

Companies that pass these screens are included in the Dow Jones Islamic Market Indexes invest-able universe, from which index components are selected.

Please feel free to view Salic's Documents:

Salic Super Compliance Letter

Registered Superannuation Entity licence number L0003094

Salic Super Fund registration number: R 1067859