Independent parties
Who holds your money, and who checks the numbers.
Five organisations stand between you and the manager. None of them works for Tawakkul in the sense that matters — each has its own regulator, its own obligations and its own reasons to say no.
Trustee and custodian
TSX Trust Company
Who actually holds my money?
TSX Trust holds the Trust's assets and receives subscription funds. Tawakkul never touches them.
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Auditor
PwC Canada
Who checks the numbers?
PwC audits the Trust's financial statements. An auditor is not a marketing partner.
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Registered plan trustee
Olympia Trust Company
Who holds it inside my RRSP or TFSA?
Olympia Trust is the trustee of the registered plans that hold Tawakkul units.
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Fund administrator
Pinnacle Fund Administrators
Who keeps the unitholder record?
Pinnacle keeps the register, strikes net asset value and produces your statements.
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Legal counsel
McMillan LLP
Who wrote the offering documents?
McMillan drafted the Offering Memorandum and the Subscription Agreement.
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Shariah certification
Islamic Finance Advisory Board
Who decides whether this is actually halal?
An independent board of scholars issued the Fatwa, and audits compliance at least annually.
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Where the Trust's account is held
Habib Canadian Bank
Which bank does my money actually go to?
The Trust's bank account is at Habib Canadian Bank, in the Trust's own name, under the trustee's authority.
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Registered exempt market dealer
Drake Financial Ltd.
Who decides whether I can invest?
Drake reviews every subscription and assesses suitability. Tawakkul does not, and may not.
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The reason to read these is simple. Anyone can say they are trustworthy. What is checkable is the list of independent organisations who would have to be complicit for that claim to be false.
Begin when you are ready.
Four questions to see what applies to you.
Or book fifteen minutes, or call 905 949 9119 and we will walk you through it.