Type
Sharia compliant Money Market Fund
Inception Date
September 2019
Structure
Open ended Mutual Fund
Objective
The fund aims at providing the highest possible yield with the lowest possible risk, while also maintaining high liquidity allowing investors to redeem and subscribe daily. This is achievable by investing and trading in Sharia compliance low-risk securities.
Investment Strategy
The fund will invest in Sharia compliant money market securities such as Treasury Bills, short term notes, Bank Deposits, Saving Accounts, Saving Certificates and other highly liquid low-risk securities.
Bank Sponsored
Al Baraka Bank Egypt and its different branches
Investment Manager
Hermes Fund Management
Minimum Subscription
100 Investment Certificates
Financial Year End
31 December
Subscription & Redemption
Daily