The objective of the Visio BCI Shariah Equity Fund is to achieve medium to long-term capital growth through investment across a number of sectors that complies with Shariah (Islamic Law) and the standards prescribed by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The Manager shall seek to achieve this objective through active management of a portfolio of assets which comprise a mix of equity and property securities (including collective investment schemes in property) that reflect the investment managers view of the relative attractiveness of the different sectors, assets in liquid form, participatory units in collective investment schemes and any other securities which are considered to be consistent with the portfolios investment objectives allowed by the Act from time to time.
The portfolio shall invest in shariah compliant domestic and global equities, domestic and global property companies and financial instruments that have been approved for investment by the Shariah Supervisory Board (SSB) or Shariah Advisory Committee (SAC) from time to time. The portfolio will be predominantly invested in domestic assets. The portfolio may invest in participatory interests and other forms of participation in portfolios of collective investment schemes or other similar schemes operated in territories with a regulatory environment which is to the satisfaction of the manager and trustee of a sufficient standard to provide investor protection at least equivalent to that in South Africa and which is consistent with the portfolio's primary objective.
The portfolio may from time to time invest in listed and unlisted financial instruments, in accordance with the provisions of the Act, and the Regulations thereto, as amended from time to time, in order to achieve the portfolio's investment objective. The Trustee shall ensure that the investment policy set out in this Supplemental Deed is carried out. For the purpose of this portfolio, the manager shall reserve the right to close the portfolio to new investors on a date determined by the manager. This will be done in order to be able to manage the portfolio in accordance with its mandate. The manager may, once a portfolio has been closed, open that portfolio again to new investors on a date determined by the manager.

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