About Al Barakat Fund - Al Baraka Bank Egypt
Al Barakat Fund - Al Baraka Bank Egypt is an investment fund profile on SNDUK. This page explains Al Barakat Fund - Al Baraka Bank Egypt performance, key fund facts, and investment strategy for investors comparing funds in Egypt.
Al Barakat Fund - Al Baraka Bank Egypt is managed by هيرمس لإدارة المحافظ المالية وصناديق الاستثمار. Fund type: money_market. Fund code: BBM. Assets under management: 735854713. Minimum investment: وثيقة واحدة. Inception date: 9/21/2019.
Al Barakat Shariah-Compliant Money Market Fund is an open-ended investment fund in Egyptian pound money market instruments launched by Bank Al Baraka Egypt in cooperation with Hermes Fund Management and Portfolio Management .. aiming to achieve a daily cumulative return while maintaining a low level of risk and high liquidity.
Bank Al Baraka Egypt Shariah-Compliant Money Market Fund (Al Barakat) aims to provide an investment vehicle that complies with Islamic Sharia principles while offering investors the ability to subscribe and redeem units on a daily basis.
The fund’s strategy is based on investing in short-term Shariah-compliant investment instruments, including treasury bills, government sukuk, corporate sukuk, as well as Islamic bank deposits, Islamic current accounts, and short-term liquidity instruments.
Investors also benefit from tax-exempt returns in accordance with the regulations governing money market investment funds in Egypt .. while all fund investments are reviewed and approved by the Sharia Supervisory Board to ensure full compliance with Islamic Sharia principles.
Al Barakat Fund - Al Baraka Bank Egypt fund details
Al Barakat Fund - Al Baraka Bank Egypt is managed by هيرمس لإدارة المحافظ المالية وصناديق الاستثمار. The asset manager oversees portfolio decisions and fund operations for Al Barakat Fund - Al Baraka Bank Egypt.
Al Barakat Fund - Al Baraka Bank Egypt is classified as a money_market fund, which shapes its risk profile and investment universe.
Investors can identify Al Barakat Fund - Al Baraka Bank Egypt in market data using fund code BBM.
Al Barakat Fund - Al Baraka Bank Egypt reports assets under management of 735854713.
The minimum investment amount to participate in Al Barakat Fund - Al Baraka Bank Egypt is وثيقة واحدة.
Al Barakat Fund - Al Baraka Bank Egypt was launched on 9/21/2019, giving investors a track record to evaluate long-term performance.
Al Barakat Fund - Al Baraka Bank Egypt performance summary
Return over 1 week: +0.3395%. Return over 1 month: +1.6794%. Return over 3 months: +4.5839%. Return over 6 months: +9.4971%. Return over 1 year: +21.0937%. Return over since inception: +146.8477%.
Use this SNDUK fund page to review Al Barakat Fund - Al Baraka Bank Egypt returns, manager details, and strategy before investing.
SNDUK publishes Al Barakat Fund - Al Baraka Bank Egypt data to help investors compare Egyptian investment funds with transparent performance and fund information.
