Al Baraka Fund
| Inception Date | December 2010 |
|---|---|
Fund Structure |
An open-ended Egyptian Balanced Shariaa Compliant Equity Fund |
Investment strategy &Objective |
The objective of the fund is creating an investment vehicle for individuals and institutions with moderate risk through investment in stocks in different companies and sectors, which comply with Shari’aa investing principles to achieve the highest possible return for the fund’s investment in the medium and long terms, and investment in interest-bearing instruments compliant with the Islamic sharia, to preserve the invested capital. |
ShariaaSupervisoryBoard (SSB) |
Dr. Mohamed El Gindi, Dr. Refaat EL Awady& Dr. Mohamed EL Maghrabi |
Investment manager |
AT Financial Investments |
Base Currency |
EGP |
Subscription /Redemption |
Weekly through Al Baraka Bank |
Subscription fees |
NONE |
Redemption |
0.25%of certificate value |
Fees |
1 per mill |
Lock-up Period |
NONE |
Fund Performance
| Return Statistics (%) |
Fund | EGX100* | +/- |
|---|---|---|---|
| MTD | -4.87 | -13.68 | 8.81 |
| YTD | 2.37 | -6.05 | 8.42 |
| 2020 | 0.02 | 41.81 | 41.79 |
| 2019 | -7.7 | -19.05 | 11.88 |
| 2018 | 0.6 | -12.4 | 13 |
| 2017 | 26.38 | -53.53 | -14.95 |
0.01 %
-0.33 %