Table of Contents
What is El Fanar Fund (AEF)?
El Fanar (AEF) is an open-ended fixed income fund aiming to generate income through investments in diversified fixed income and debt instruments.
The fund is available for daily subscription and redemption.
What does El Fanar (AEF) invest in?
El Fanar invests in a diversified portfolio of fixed-income instruments, mainly:
- Treasury Bills and government securities (Up to 100% of the fund’s portfolio)
- Treasury Bonds, Corporate Bonds & Sovereign Sukuk (Up to 49% of the fund’s portfolio)
- Others
You can find detailed information on the investment limits in the fund prospectus here.
Who manages El Fanar (AEF)?
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 El Fanar (AEF) returns?
The live certificate price of AEF reflects the profit or return achieved by the fund’s investments.
To collect your earnings, simply sell your certificates through the Thndr app.
Is El Fanar (AEF) Sharia compliant?
El Fanar 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 the same day.
Orders placed after 10:30 AM are sent on the next working day.
Steps to place your order
- Open the Thndr app.
- Search for El Fanar (AEF) or find it under the fixed income funds section.
- Tap on “El Fanar (AEF).”
- Tap on “Buy” or “Sell.”
- Enter the amount 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 when buying or selling certificates.
You can view the full list of fund management fees here.
What are the risk factors of investing in funds?
Risk factors associated with this fund include:
- Interest rate risk
- Credit risk
- Liquidity risk
The fund manager minimizes these risks through diversification For more details on the risk management framework, please review the fund prospectus here.
