global growth assets Global Iman Fund

Halal Investing in New Brunswick

The Global Iman Fund is Canada's longest-established Shariah global equity mutual fund - Series A has run since March 2009 - with about $244M in assets (Fund Facts, April 30, 2026). UBS Investment Management Canada actively manages a concentrated portfolio of 23 holdings drawn from the Dow Jones Islamic Market Titans 100 universe, 66% of it in the top ten mega-cap names. Cost is the catch: a 2.79% MER, though the management fee was cut from 2.50% to 2.45% in May 2026. Minimums are accessible at $500 initial and $25 subsequent, and the fund is sold through roughly 30 dealers including Questrade, RBC Dominion Securities, and TD Waterhouse.

The Global Iman Fund gives Canadians halal global equity exposure in a mutual fund with genuinely disclosed oversight - its 2026 Shari'ah brochure names the Dow Jones Shari'ah Supervisory Board at the index level plus local review by the Islamic Finance Advisory Board, with a fatwa renewed June 17, 2026. Performance has been strong: $1,000 grew to $3,958 over the decade to April 2026 (14.75% annualized), helped by a concentrated 23-stock portfolio two-thirds weighted to mega-cap tech. The weak points are cost and transparency: a 2.79% MER is more than five times what WSHR charges for similar Dow Jones Islamic screening, and no purification data is published anywhere. Best for investors who specifically want a mutual fund vehicle (PACs, no brokerage account) and accept the fee drag.