Oasis Crescent Property Fund Managers Ltd. was established to manage and administer direct property funds that subscribe to the principles of Islamic finance to enable investors to diversify the asset allocation of their investment portfolio.

The company is responsible for the management of a duly authorised collective investment scheme in property that was created in terms of the Collective Investment Schemes Control Act with the following objectives:

​

• Provide sustainable income and real returns for investors

• Provide an opportunity for clients to diversify their portfolios by investing in a liquid and transparent Shari’ah compliant property fund in the regulated environment of the JSE

• Build a high-quality property portfolio consisting of commercial, industrial and retail properties backed by national, multi-national and government tenants

Corporate Governance

The Board of OCPFM is committed to achieving the highest standards of corporate governance, which is a key component of its vision and growth strategy that will ensure the long-term sustainability of the Group. The Board seeks to maintain strong corporate governance structures and processes by working within a clearly defined governance framework, enabling the delivery of sustainable growth to all our stakeholders.

The Directors of OCPFM understand that ethical conduct and good corporate citizenship underpin the King III code, where leadership is expected to shape business strategy and operations thereby ensuring long-term sustainability. Further to that, the board of OCPFM and the management team of the Fund recognise the need to conduct the business of the Fund with integrity and in accordance with generally acceptable corporate practices. The Directors of OCPFM subscribe to the principles of timely, honest and objective communications with its stakeholders and the highest standards of ethics in the conduct of its business.

OCPFM, the manager of the Fund, forms part of a wider group of companies (“the Group”) operating principally in the financial services industry. Within the Group, the guidelines that relate to social and ethical investment and processes, as set out in the Act, are implemented and reviewed on an ongoing basis. This ensures that the best practices of responsible and sustainable investing are followed and maintained [Guidance is also taken from, amongst others, the CFA Code of Ethics and Standards of Professional Conduct, the United Nations Principles of Responsible Investment (“UNPRI”) and the Code for Responsible Investing in South Africa (“CRISA”)].

The South African regulatory environment has remained at the forefront of global best-practice and the Institute of Directors in Southern Africa (IoDSA) and the King IV report (“the Code”). The Code has been structured as a framework that can be applied more easily across listed and unlisted companies (profit and non-profit), as well as private and public entities. The Code is not a significant departure from the principles set out in previous governance codes.

 

Conclusion

 

If you want to review the full annual report of the OCPFM, which incorporates all the applicable governance practices, please refer to the annual financial report, which may be downloaded from this page.