Sanabel Islamic Fund - ADIB Egypt & SAIB

Sanabel Islamic Fund is a Shariah-compliant equity investment fund established by Abu Dhabi Islamic Bank Egypt and the Arab International Bank (SAIB) in 2006. Many investors regularly follow the Sanabel Fund unit price today and the performance of the Sanabel Islamic Fund, as it is considered one of the oldest and most prominent Islamic equity funds in the Egyptian market.

The fund aims to achieve medium- and long-term capital growth by investing in a diversified portfolio of Shariah-compliant securities denominated in Egyptian pounds and foreign currencies. The investment management process combines top-down macroeconomic and market analysis with bottom-up fundamental company analysis to select investments and construct the portfolio in line with the fund’s objectives and investment policies.

According to the Sanabel Fund prospectus, the fund’s investment policy allows between 40% and 95% of net assets to be allocated to Shariah-compliant equities, while maintaining between 5% and 50% in cash or liquidity instruments to manage cash flows and meet redemption requests. The fund may also invest up to 20% of its net assets in other Shariah-compliant investment funds.

The fund is subject to a number of investment restrictions designed to promote diversification and limit concentration risk. Investments in a single stock may not exceed 15% of net assets, while investments in securities issued by a single financial group may not exceed 20% of the fund’s net assets. In addition, the fund invests exclusively in activities and financial instruments that comply with Islamic Shariah principles. Accordingly, it does not invest in non-compliant businesses or in interest-based financing and borrowing instruments.

How can investors redeem units of the Sanabel Fund?

Sanabel Fund units may be redeemed on a weekly basis rather than daily. Redemption requests are accepted on Thursdays only until 12:00 PM through the branches of the Arab International Bank (SAIB) or Abu Dhabi Islamic Bank Egypt.

Who is the Sanabel Fund suitable for?

The fund is suitable for investors seeking exposure to the Egyptian equity market in accordance with Islamic Shariah principles and who are willing to accept the volatility associated with equity investments in exchange for the potential to achieve higher returns over the medium and long term. It may not be suitable for investors seeking daily liquidity or guaranteed returns.