Our Sharia supermarket just got a hot new product! Now you can expand your Sharia portfolio with our new fund, Misr Sharia Equity!
This high-risk, open-ended equity fund follows the EGX33 Sharia Index fund which includes the most liquid 33 companies in the EGX100 and saw a 179% increase since 1 Jan 2022 till 1 Aug 2024, giving you a 49% compound annual return.
Let’s dive into the details!
What is the Misr Sharia Equity Fund and how does it work?
It is an equity fund that aims to provide returns through investing directly in the most traded 33 sharia-compliant stocks listed and traded on the EGX. It is categorized as a high-risk, high-return investment opportunity, offering daily subscription and weekly redemption.
The fund is managed by CI Asset Management, the same asset manager for the CI30 Index fund, so you can think of Misr Sharia Equity as the Sharia compliant sibling of CI30.
Who manages the Misr Sharia Equity Fund?
It is managed by CI Asset Management, one of the largest asset managers in Egypt with current assets under management of nearly EGP 69.5 billion.
Unlike other active Sharia funds, this fund does not have a Sharia board as it only follows the EGX33 Sharia index.
What does the Misr Sharia Equity Fund invest in?
The fund focuses on investing in the EGX 33 Shariah index, which includes the most liquid 33 Egyptian companies that are Sharia compliant as designated by the EGX
This means no investments in companies involved in traditional banking, traditional insurance, the sale of alcohol, pork, or cigarettes, gambling, and media.
The EGX 33 Shariah index represents 16 different sectors such as telecom, real estate and banking, ensuring a diversified investment portfolio and the relative weight of any company cannot exceed 15 percent of the index.
To learn more about what the fund invests on , here is a link to the prospectus, which includes detailed information on the fund or you can head to Rumble for a more in depth analysis of the EGX33 index
Why invest in the Misr Sharia Equity Fund?
- Sharia-Compliant: The fund stands out as one of the Sharia-compliant equity funds on Thndr, providing an effortless way to invest in compliant stocks.
- Diversified Portfolio: We always say to never put all your eggs in one basket, and the EGX 33 Shariah index follow the same approach, as it represents 16 different sectors, making sure you have a well-diversified investment portfolio.
- Expert Management: Managed by CIAM, one of the largest asset managers in Egypt with nearly EGP 69.5 billion in AUMs, you can sleep well knowing that your investment is in good hands.
But everything has risks, right?
- Equity-Focused Fund: Misr Shariah Equity Fund , being an equity-focused fund, is subject to market fluctuations and the inherent risks associated with the stock market.
- Limited Securities: Given that it is Sharia compliant, the fund runs the risk of investing in a limited number of securities because of its investment guidelines.
What are the fees for investing in Misr Shariah Equity Fund?
There are no fees on the fund, however, the are service fees as follows:
- 0.1% of the value of each order (for buying or selling)
- EGP 2 per order (for buying or selling)
When can I invest in the Misr Shariah Equity Fund on Thndr?
CMS is considered a liquid investment that offers daily subscription and weekly redemption.
Let’s start off with the subscription. You can start buying the fund certificates daily at a minimum of 2 certificates; any order placed before 9:00 AM will be executed on the same day and any orders placed after 9:00 AM will be executed the next working day, at the new day’s certificate price.
For redemption, sell orders are processed on the last working day of each week at 9:00 AM and executed on the following working day at the execution day’s price. Sell orders made after 9:00 AM will be sent at the end of the following week and executed on the following working day, at that day’s price.
How can I invest in the Misr Shariah Equity Fund?
It only takes a few taps! To find the fund on Thndr you can check out our ‘Mutual Funds’ and ‘Sharia’ themes.
You can also search “CMS” or “صندوق مصر شريعة إكويتي”
Alternatively, use specific keywords such as “Misr Shariah Equity Fund” for easy access.
Interested in more Sharia Compliant Products ? Thndr’s got you covered
We have a whole Sharia Compliant supermarket right at your fingertips
NM Sharia Equity Fund (NMF or Naeem Misr Fund) is the highest-performing Islamic equity fund in 2023. It is an equity fund that aims to provide returns through investing in sharia-compliant stocks listed and traded on the EGX. It’s categorized as a high-risk, high-return investment opportunity. The fund is managed by NAEEM Financial Investment (NFI) and has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.
MTF is more than just a savings fund – the low-risk and highly liquid investment opportunity has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.
Sharia Theme: This is a curated list presented to you by Thndr with all the Sharia compliant companies within the EGX, so you can pick and choose at your convenience
