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Driven by the demand for ethical investment solutions in Canada, frontierAlt Capital Corporation established frontierAlt Oasis Funds Management Inc.("Oasis") to address this need. Oasis was formed on the basis of Shari'ah compliant principles.

frontierAlt Oasis™ Canada Fund summary sheet and commentary

frontierAlt Oasis™ World Fund summary sheet and commentary

frontierAlt Oasis™ Global Income Fund

The fundamental investment objective of the Fund is to provide investors with high current income and some long-term capital growth primarily by investing in a diversified portfolio of securities of public companies located around the world and private and public global fixed-income securities, also known as a form of sukuk (sakk is the singular term for sukuk), in accordance with Shari’ah investment principles.

The fundamental investment objective of the Fund may only be changed with the approval of a majority of Unitholders at a meeting called for that purpose.

To achieve its fundamental investment objective, under normal circumstances, the Fund will invest:

(a) at least 60% of its portfolio in issues of income producing equity securities, such as dividend-paying equity, of shari’ah compliant public companies (the “Shari’ah Compliant Companies”) within the Dow Jones Islamic Market Index (the “DJIMI”); and

(b) Up to 40% of the Fund’s portfolio in securities of either public or private global fixed-income securities, also known as certain forms of sukuk considered to be in compliance with Islamic investment principles by the Investment Manager in consultation with the Shari’ah Advisor

The Accounting and Auditing Organization for Islamic Financial Institutions (the "AAOIFI") define investment sukuk as "certificates of equal value representing, after closing subscription, receipt of the value of the certificates and putting it to use as planned, common title to shares and rights in tangible assets, usufructs and services, or equity of a given project or equity of a special investment activity."

Simply put, sukuk represent a Shari’ah compliant proportionate or undivided ownership interest in an asset or a pool of assets. Unlike conventional bonds, Sukuk do not pay interest (which is not permitted by Islamic investment principles) rather they provide investors with a form of income from the underlying assets or services. AAOIFI has identified several different types of sukuk structures. One common form is the ijara sukuk which is based on a leasing transaction and is akin to fixed income securities. Certain types of sukuk may even be rated by a credit rating agency similar to conventional bonds depending on the stability of their cash flow.

The fundamental investment objective of the Fund is to provide investors with long-term capital growth primarily by investing in a diversified portfolio of securities of Canadian public companies in accordance with Islamic investment principles

To achieve its fundamental investment objective, under normal circumstances, the Fund will invest:

(a) at least 95% of its portfolio in securities of public companies within the Dow Jones Islamic Market Canada IndexSM (the “Index”); and
(b) up to 5% of the Fund’s portfolio in securities of private issuers considered to be in compliance with Islamic investment principles by the Investment Manager in consultation with the Shari’ah Advisory Committee formed by the Manager of the Fund

The fundamental investment objective of the Fund is to provide investors with long-term capital growth primarily by investing in a diversified portfolio of securities of public companies primarily located outside of Canada in accordance with Islamic investment principles.

To achieve its fundamental investment objective, under normal circumstances, the Fund will invest: