Third and final part
The success of the Amanah KiwiSaver Plan is important to the whole New Zealand community.
The establishment of a successful superannuation future for ourselves and our children based on real ethical values that will ensure it is self-sustaining is the key to our families’ future wealth and health.
Amanah KiwiSaver Plan is the first step to creating an Islamic financial principles based finance industry in New Zealand providing all ranges of financial products including the ability to fund a house purchase in a Halal manner.
Amanah has been invited to provide a speaker at the Fourth Global Forum on Islamic Finance to be held in Lahore next year.
I was pleasantly surprised to receive the invitation as I did not appreciate the work we are doing here in New Zealand was being watched from afar.
It is a huge honour for a new boutique fund manager to be invited as the presenters are always very serious scholars in the world of Islamic Finance.
Amanah KiwiSaver Plan is New Zealand’s only Sharia compliant KiwiSaver scheme; all other schemes currently available, including the default schemes, are haram (not compliant with Islamic law) as they deal in interest (riba) and other activities contrary to Sharia law.
Amanah Growth Fund, the sole investment fund of Amanah KiwiSaver Plan, invests only in the units of AmanahNZ, a Sharia compliant unit trust also managed by Amanah Ethical.
All investments of AmanahNZ are listed on the Amanah Ethical website to allow investors to see exactly where their money is being invested (www.amanahnz.com).
For more information on Amanah KiwiSaver Plan, please contact Amanah Ethical on 0508- 262624. Email: email@example.com; P O Box 4070, Shortland Street, Auckland 1140.
Brian Henry is a well-known Barrister and Managing Director of Amanah Ethnical, the only company to offer KiwiSaver Plan that is Sharia compliant in New Zealand. This is the third part in a series of three articles to appear in successive issues of Indian Newslink. The first and second part appeared under the title, ‘The burden of penalty interest begins its toll’ and ‘Sharia builds on conscience, not desperation’ respectively in our August 15 and September 1, 2015 issues. These can be viewed online (www.indiannewslink.co.nz) from our Web Edition archives.
Since its launch on January 30, 2015 Amanah KiwiSaver has increasing audience