What is Zaldi Star (ZST)?
Zaldi Star is a low-risk money market fund designed for short-term investing, focusing on capital preservation, stable returns, and high liquidity.
The fund offers daily subscription (buying) and redemption (selling) and distributes periodic cash dividends to investors.
What does Zaldi Star (ZST) invest in?
The fund invests in a diversified portfolio of short-term fixed-income instruments, mainly:
- Treasury bills (up to 100% of the fund)
- Treasury bonds (up to 49% of the fund)
- Bank deposits and savings instruments (up to 80%)
You can find detailed information on the investment limits in the fund prospectus here.
Who manages Zaldi Star (ZST)?
The fund is managed by Zaldi Investments, a licensed investment manager operating under the Egyptian FRA
How do I receive returns from Zaldi Star (ZST)?
Zaldi Star is a dividend-distributing fund:
- Returns are distributed periodically in cash
- Dividends are credited directly to your Thndr wallet
- You do not need to sell certificates to collect returns
Is Zaldi Star (ZST) Sharia compliant?
Zaldi Star is not marketed as Sharia compliant.
Buying & Selling
Orders placed before 11 PM are executed on the same working day.
Orders placed after 11 PM are executed on the next working day.
How to place an order:
Open the Thndr app.
Search for Zaldi Star (ZST).
Tap on the fund.
Tap on “Buy.”
Enter the amount of certificates or money you want to invest. There is a minimum of 2 certificates per order.
Fees
No fees apply on subscription (buying) or redemption (selling).
Fund management fees are calculated in the certificate price & not charged directly when buying or selling.
You can view the full list of fund fees in the fund prospectus.
What are the risks of investing?
As with all money market funds, key risks include:
- Interest rate risk
- Liquidity risk
- Credit risk
The fund manager mitigates these through short-duration holdings and diversified allocation.
For a detailed overview of risk factors please visit the fund prospectus here
