What is Misr Shariah Equity Fund (CMS) ?Misr Shariah Equity (CMS) is a fund by CI Asset Management (CIAM) is a high risk open-ended equity fund that invests in the EGX 33 Shariah index. You can read more about the fund’s investment guidelines and limits in the fund prospectus here. What is the EGX 33 Shariah Index?The EGX33 includes 33 local firms, all of which are already listed in the EGX100. The companies included in the index must not violate Islamic Law, such as the sale of alcohol, pork, or cigarettes etc. The 33 companies listed on EGX33 represent 16 different sectors, and the relative weight of any company cannot exceed 15 percent of the index. Subscription detailsSubscription start date: 7 July 2024 Subscription end date: 6 September 2024 or if all certificates are sold Number of certificates: 2,450,000 certificates Certificate price: 10 EGP How do I subscribe?
Buying & SellingBuyingPlace your buy order before 9AM and it will be executed the next working day. Orders placed after 9AM are sent the next working day and and executed the following working day at the new certificate price. Selling Place your sell order before 9AM and it will be executed the next working day. Sell orders placed after 9AM are sent the next working day and and executed the following working day at the new certificate price.. Fees There are no fund fees. There is however, a service fee of EGP 2 + 0.1% on every buy and sell order as applicable. You can see our full fee schedule here Who manages Misr Shariah Equity Fund ?CI Asset Management (CIAM) is one of the largest asset managers in Egypt with current AUMs of nearly EGP10 Billion. What are the risks?Misr Shariah Equity Fund is an equities-focused fund which makes it a high risk/high return fund. The stock market is subject to economic and political risk. There are also risks associated with investing in limited securities because of the fund investment guidelines. For a detailed overview of risk factors please visit the fund prospectus here. |
Menu
