Table of Contents
What is Afaaq (AAF)?
Afaaq (AAF) is an open-ended fixed income fund aiming to preserve capital while generating income through investments in diversified fixed income and debt instruments.
The fund is open for daily subscription and redemption.
What does Afaaq (AAF) invest in?
Afaaq invests primarily in fixed income instruments, including:
- Treasury Bills, Treasury Bonds and government securities (Up to 95% of the fund’s portfolio)
- Corporate Bonds (Up to 65% of the fund’s portfolio)
You can find detailed information on the investment limits in the fund prospectus here.
Who manages Afaaq (AAF)?
The fund is managed by Arab African Investment Management (AAIM), a Leading Asset Manager in Egypt with 35 Billion EGP in assets under management as of September 2024.
How do I collect my Afaaq (AAF) returns?
The live certificate price of AAF reflects the profit or return achieved by the fund’s investments.
To collect your earnings, simply sell your AAF certificates through the Thndr app.
Is Afaaq (AAF) Shari’a compliant?
Afaaq is not marketed as a Sharia compliant fund.
Buying & Selling
Buy and sell orders are sent daily at 10:30 AM.
Orders placed before 10:30 AM are sent & executed the same working day.
Orders placed after 10:30 AM are sent & executed on the next working day.
How to place an order
- Open the Thndr app.
- Search for “Afaaq (AAF)” or find it under the fixed income funds section.
- Tap on “Afaaq (AAF)”
- Tap on “Buy.”
- Enter the amount of certificates or money you want to invest. (minimum 2 certificates)
Fees
Standard Transaction fees apply on every buy and sell order
Fund management fees are calculated in the certificate price & not charged directly when buying or selling.
You can view the full list of fund management fees here.
What are the risks of investing in Afaaq (AAF)?
Risk factors associated with this fund include:
- Interest rate risk
- Credit risk
- Liquidity risk
The fund manager mitigates these through diversified allocation.
For full details, please refer to the fund prospectus here
