About Faisal Islamic Bank of Egypt Fund
Faisal Islamic Bank of Egypt Fund is an investment fund profile on SNDUK. This page explains Faisal Islamic Bank of Egypt Fund performance, key fund facts, and investment strategy for investors comparing funds in Egypt.
Faisal Islamic Bank of Egypt Fund is managed by هيرمس لإدارة المحافظ المالية وصناديق الاستثمار. Fund type: equity. Fund code: FIF. Assets under management: 576432633. Minimum investment: وثيقة واحدة. Inception date: 12/31/2004.
Faisal Islamic Bank of Egypt Fund focuses primarily on investing in equities listed on the Egyptian Exchange, seeking to achieve the highest possible risk-adjusted returns while maintaining appropriate levels of diversification and liquidity management, with semi-annual profit distributions to unit holders.
All fund investments are subject to review and approval by the fund's dedicated Sharia Supervisory Board, ensuring full compliance with Islamic Sharia principles and guidelines.
The fund deploys its assets primarily into industrial, productive, and essential services companies listed on the Egyptian Exchange, with equities capped at 95% of total investments. A minimum of 5% of net assets is maintained in liquid form to meet redemption requests, with liquid instruments capped at 30% of total assets. The fund manager's stock selection process is grounded in fundamental analysis of sectors and the broader economy, supported by regular meetings with company management, analysis of government and economic sectors, and top-down macroeconomic assessment.
Redemption fees stand at 0.25% of the redemption value, credited to the bank's account, while no subscription fees or additional charges apply to the purchase of units.
The fund distributes semi-annual profits to investors every six months at the fund manager's discretion, based on the availability of distributable profits, provided that distributions do not exceed 90% of the fund's profits.
Faisal Islamic Bank of Egypt Fund fund details
Faisal Islamic Bank of Egypt Fund is managed by هيرمس لإدارة المحافظ المالية وصناديق الاستثمار. The asset manager oversees portfolio decisions and fund operations for Faisal Islamic Bank of Egypt Fund.
Faisal Islamic Bank of Egypt Fund is classified as a equity fund, which shapes its risk profile and investment universe.
Investors can identify Faisal Islamic Bank of Egypt Fund in market data using fund code FIF.
Faisal Islamic Bank of Egypt Fund reports assets under management of 576432633.
The minimum investment amount to participate in Faisal Islamic Bank of Egypt Fund is وثيقة واحدة.
Faisal Islamic Bank of Egypt Fund was launched on 12/31/2004, giving investors a track record to evaluate long-term performance.
Faisal Islamic Bank of Egypt Fund performance summary
Return over 1 week: +2.5908%. Return over 1 month: -2.6051%. Return over 3 months: +9.924%. Return over 6 months: +25.9883%. Return over 1 year: +49.4885%. Return over since inception: +345.1388%.
Use this SNDUK fund page to review Faisal Islamic Bank of Egypt Fund returns, manager details, and strategy before investing.
SNDUK publishes Faisal Islamic Bank of Egypt Fund data to help investors compare Egyptian investment funds with transparent performance and fund information.
