The Global Iman Fund is Canada's longest-established Shariah global equity mutual fund. Series A has been offered since March 2009. Fund Facts dated April 30, 2026 show about $244 million AUM, managed by UBS Investment Management Canada. It holds 23 names from the Dow Jones Islamic Market Titans 100, with about 66% in the top ten. Series A MER is 2.79%. Compare that cost with the Mackenzie Shariah Global Equity Fund (Series A 2.65% MER) and Manzil MNZL at 0.40%. Start on the investing hub. Dual-layer screen: Ratings Intelligence and DJIM. Sold in all 10 provinces.
Ready to compare halal options?
What Global Iman Fund Is
- Canadian Shariah-screened global equity mutual fund, Series A since March 2009
- About $244 million AUM (Fund Facts, April 30, 2026)
- Managed by UBS Investment Management Canada
- 23 holdings from the Dow Jones Islamic Market Titans 100
- About 66% of the fund in the top ten names
- Dual-layer screen: Ratings Intelligence and DJIM
- Sold in all 10 provinces through about 30 dealers
MER vs Mackenzie and MNZL
| Product | What it is | Published cost on file |
|---|---|---|
| Global Iman Fund, Series A | Canadian Shariah global equity mutual fund, 23 names | MER 2.79%. Management fee 2.45% after the May 2026 cut from 2.50% |
| Mackenzie Shariah Global Equity Fund, Series A | Canadian Shariah global equity mutual fund | MER 2.65% |
| MNZL (Manzil Russell Halal USA ETF) | US-equity ETF, not a global 23-name mutual fund | 0.40% |
MER is the all-in fund cost the investor bears. The May 2026 cut is the management-fee line (2.50% to 2.45%), not a claim that MER fell to 2.45%. Mackenzie Series A at 2.65% is cheaper than Global Iman Series A at 2.79% on the figures we have. MNZL at 0.40% is a different product: a US-equity ETF, not a global mutual fund with 23 names. Read Mackenzie Shariah Global Equity Fund and Manzil Russell Halal USA ETF (MNZL), then decide on the investing hub.
Concentration: 23 Names, 66% in the Top Ten
A 23-name book drawn from DJ Islamic Market Titans 100 is concentrated. About 66% in the top ten means a handful of mega-cap Shariah names drive results. That is the trade for a long-running Canadian mutual fund with a dual screen. If you want broader US equity at ETF cost, read the MNZL page. If you want another Canadian global mutual fund, read Mackenzie. Confirm current holdings on the latest Fund Facts before you buy. Holdings change.
How Canadians Buy It
- Available in all 10 provinces
- $500 initial, $25 subsequent
- About 30 dealers, including Questrade, RBC Dominion Securities, and TD Waterhouse
- No HalalWallet provider slug for this fund. Name it in prose and buy through a dealer that lists it
- Ask the dealer how idle cash is treated inside the account that will hold the fund
Frequently Asked Questions
Is Global Iman Fund available across Canada?
Stay Updated
Get halal finance updates, new provider alerts, and expert insights
No spam ever. Unsubscribe in one click.
Yes. It is listed in all 10 provinces. Buy it through a dealer that carries Series A, including the dealers named above if they still list it.
Why is the MER 2.79% if the management fee is 2.45%?
MER includes more than the manager's fee. The May 2026 cut lowered the management fee from 2.50% to 2.45%. Series A MER on file is 2.79%. Compare that MER with Mackenzie Series A at 2.65% and MNZL at 0.40%.
Is this the same as MNZL?
No. Global Iman is a Canadian global equity mutual fund with 23 names. MNZL is a Manzil Russell US-equity ETF at 0.40%. Different geography, different vehicle, different cost.
Who screens Global Iman Fund?
Dual-layer: Ratings Intelligence and the Dow Jones Islamic Market methodology. The holdings are taken from DJ Islamic Market Titans 100. Read the current Fund Facts for the live list.
Bottom Line
Compare providers in your state
See side-by-side comparisons of Shariah-compliant products, or let our matcher recommend the best options for your situation.
Global Iman is the long-running Canadian Shariah global equity mutual fund: Series A since 2009, about $244 million AUM, 23 concentrated names, MER 2.79%. Line it up against Mackenzie 2.65% and MNZL 0.40% on product, not on brand nostalgia, then buy through a dealer that lists it.
