Overview:
Sanabel Shari’a Compliant Equity fund for SAIB in collaboration with ADIB Bank
Fund structure
- Open-ended Islamic equity fund Invests in Shari’a compliant financial instruments and approved by Financial Regulatory Authority in December 2006.
- Issuer: SAIB Bank / ADIB Egypt
- Fund Manager: CI Assets management
Investment Guidelines:
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Asset Allocation
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% of Net Assets Value
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Equity, Subscription rights & All GDRs
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Min. of 40% - Up to 95%
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Different bank accounts and Sukuk in Islamic banks with low risk
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Up to 50%
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Securities in one company
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Up to 15%
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Sharia-compliant investment funds by maximum 5% of all the invested in Fund ICs
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Up to 20%
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Short Term financial instrument with high liquidity
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Min. of 5% - Max. of 50%
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Subscription & Redemption:
- Subscription requests are received in all SAIB branches during working days through working hours until 12 pm to be executed on the next business day
- Redemption requests are received in all SAIB branches during working days through working hours until 12 pm of the last working day on every week to be executed in the first working day of the next week
Subscription & Redemption fees:
No Subscription & Redemption fees
- To view the approved prospectus from FRA, please click on the link
- To view 2024 Fact sheet, please click on the link
- To view 2023 Fact sheet, please click on the link
- To view the financial statements, please click on the link