HSBC Amanah Funds SICAV – Shariah compliant solutions

HSBC Amanah Funds SICAV, domiciled in Luxembourg, are specifically designed for investors who wish to invest in equity markets in compliance with Shariah (Islamic law). HSBC Amanah Funds are HSBC Global Asset Management’s global flagship range of Islamic funds and have been developed to provide you with access to a selection of investment opportunities.

• A Comprehensive range of sub funds to meet the requirements of investors

          HSBC Amanah Funds SICAV allows a diversified portfolio and gives the customer the ability to transfer your funds
          between sub-funds at any time. Customers have the flexibility of choosing from a
          range of 8 Equity sub funds as follows:-

          HSBC Amanah Asia Pacific ex Japan Equity
          HSBC Amanah Asia Pacific ex Japan Equity Accumulation Share Class
          HSBC Amanah Europe Equity
          HSBC Amanah Europe Equity Accumulation Share Class
          HSBC Amanah Global Equity
          HSBC Amanah Global Equity Accumulation Share Class
          HSBC Amanah Global Equity Index Fund
          HSBC Amanah Global Equity Index Fund Accumulation Share Class

• Funds available in USD/EUR/GBP
• Option to invest an initial lump sum or Regular Savings Scheme from USD/EUR/GBP250 monthly
• Investment decisions within each sub-fund are made by HSBC asset Management, the global fund management division of the HSBC Group
• Regular reports and share prices are published so that investor remains well-informed on the progress of his/her investment
• There is no minimum or maximum investment period.
• Statements sent every six months showing the progress of your investment
• Initial charge – up to 5.54%
• Funds can be redeemed at any time at the prevailing prices, without any charges
• Annual management charge: An annual charge is levied on each of the HSBC Amanah Funds which will be up to 1.50% excluding administration and custody fees, see prospectus for details
• Dealing daily at 5 p.m (Jersey time) for price two business days later
• Valuation 10 a.m (Jersey Time)
  

HSBC Amanah

HSBC Amanah is the Islamic financial services division of the HSBC Group. With experienced personnel working from regional offices, HSBC Amanah is uniquely positioned to understand, structure, and deliver financial solutions that are compatible with the requirements of Shariah.

Central Shariah Committee

All Shariah compliant investments must be certified by experts in Shariah, generally through a panel or board comprised of respected Shariah scholars who are qualified to issue "Fatwas" (religious rulings) on financial transactions. This panel of Shariah experts ensure full compliance of all Shariah compliant investment funds. HSBC Amanah is guided and supervised by the HSBC Amanah Central Shariah Committee, an independent committee of Islamic scholars. Three scholars of international repute serve on the HSBC Amanah Shariah Committee :-

Sheikh Dr Muhammad Imram Ashraf Usamani
Dr Mohamed Ali Elgari
Sheikh Nizam Yaquby

The Committee not only provides initial approvals on investment objectives and investment strategy of all funds, but also reviews the investments periodically to ensure the continuous compliance of the investments of the funds to Islamic principles. The Committee conducts annual audits of all funds to ensure adherence to their rulings during the year. Please refer to the prospectus for more information.

Shariah Investment Restrictions

The Central Shariah Committee of HSBC Amanah has determined two screening criteria that investment funds will not invest in. These screening criteria are:

1) Sectors:

Companies whose primary core activities include:

2) Financial characteristics:

Companies which exhibit certain financial characteristics which Islam has disallowed as some elements render them Haraam (unlawful). Such characteristics include levels of debt and interest bearing securities.