General Information |
Fund Name | Banque Misr Fourth Mutual Fund "Compliant with Islamic Sharia Law" ("Al-Hosn" Fund) |
Fund Type | Open-Ended Investment Fund |
Fund Objective | The fund aims to invest in accordance with Islamic Sharia principles and the resolutions and recommendations of the Permanent Sharia Supervisory Board for Banque Misr's Fourth Mutual Fund. It seeks to maximize returns for document holders while safeguarding the invested capital through diversified investments in Sharia-compliant sectors, ensuring risk management. |
Distributions | Semi-annual distributions may be made if profits are achieved, based on the investment manager’s discretion |
Inception Date | October 22, 2006 |
Subscription & Redemption | Subscription: Requests accepted daily during official working hours until 12:00 PM, executed the following day at the closing price of the submission day. Redemption: Requests accepted throughout the week until the penultimate business day during official working hours and executed on the first business day of the following week. |
NAV Publishing | - Published every Sunday in Al-Ahram newspaper.
- Published daily on the bank's website.
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Fund Manager | CI Asset Management |
Custodian | Arab African International Bank (AAIB) |
Auditors | PKF Rashed Badr & Co. |
