{"id":12844,"date":"2024-02-06T13:31:19","date_gmt":"2024-02-06T13:31:19","guid":{"rendered":"https:\/\/thndr.horizondm.com\/blog\/?p=12844"},"modified":"2024-04-01T12:36:02","modified_gmt":"2024-04-01T11:36:02","slug":"nm-sharia-equity-fund-on-thndr","status":"publish","type":"post","link":"https:\/\/thndr.horizondm.com\/blogpost\/nm-sharia-equity-fund-on-thndr\/","title":{"rendered":"NM Sharia Equity Fund: The First Shariah-Compliant Equity Fund on Thndr"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12844\" class=\"elementor elementor-12844\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5fb080de elementor-section-boxed elementor-section-height-default elementor-section-height-default rt-parallax-bg-no\" data-id=\"5fb080de\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-212e567\" data-id=\"212e567\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-452ab12 elementor-widget elementor-widget-text-editor\" data-id=\"452ab12\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><\/p>\n<p>Get ready for the NM Sharia Equity Fund (NMF or Naeem Misr Fund),\u00a0 the highest-performing Islamic equity fund in 2023. You can now invest in sharia-compliant stocks on Thndr with just a few clicks.\u00a0\u00a0<\/p>\n<p><\/p>\n<p>Here&#8217;s everything you need to know!<\/p>\n<p><\/p>\n<p><div class=\"wp-block-image\"><\/p>\n<figure class=\"aligncenter size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-12845\" style=\"width: 621px;height: auto\" src=\"https:\/\/thndr.horizondm.com\/blog\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1-1024x1024.png\" alt=\"NM sharia Equity fund information\" width=\"1024\" height=\"1024\" srcset=\"https:\/\/thndr.horizondm.com\/blogpost\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1-1024x1024.png 1024w, https:\/\/thndr.horizondm.com\/blogpost\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1-300x300.png 300w, https:\/\/thndr.horizondm.com\/blogpost\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1-150x150.png 150w, https:\/\/thndr.horizondm.com\/blogpost\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1-768x768.png 768w, https:\/\/thndr.horizondm.com\/blogpost\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1-200x200.png 200w, https:\/\/thndr.horizondm.com\/blogpost\/wp-content\/uploads\/sites\/2\/2024\/02\/Infograph-1.png 1080w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<p><\/div><\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">What is the NM Sharia Equity Fund and how does it work?<\/h2>\n<p><\/p>\n<p>It is an equity fund that aims to provide returns through investing in <strong>sharia-compliant<\/strong> stocks listed and traded on the EGX.\u00a0 It was launched in 2011 and is categorized as a high-risk, high-return investment opportunity, offering daily subscription and weekly redemption. The fund is managed by NAEEM Financial Investment (NFI).\u00a0<\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">Who manages the NM Sharia Equity Fund?<\/h2>\n<p><\/p>\n<p>It is managed by<strong> Naeem Asset Management,<\/strong> a subsidiary of Naeem Holding, a renowned investment bank providing comprehensive financial services. Naeem Holding is listed on both the Egyptian Stock Exchange (EGX: NAHO EY) and the Dubai Financial Market (DFM: NAHO-DU).\u00a0<\/p>\n<p><\/p>\n<p>The fund operates under the supervision of a distinguished Sharia Board hired in accordance with the FRA regulations led by Dr. Ali Gomaa and Dr. Amr Mostafa Hassanen Refaay, and Al Sayed Ali Alsayed Mohamed AbdelMoteleb\u00a0<\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">What does the NM Sharia Equity Fund invest in?\u00a0<\/h2>\n<p><\/p>\n<p>The guidelines for the NM Sharia Equity Fund set the following limits:<\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Investment in Equity: Maximum 95%<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Investment in Islamic Deposits : Cannot exceed 50%, with a minimum of 5%<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<p>Adhering by the guidelines established by the appointed Sharia board, fund is <strong>prohibited <\/strong>from investing in companies that engage in the following activities:<\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Alcohol-related businesses<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Pork or pig products<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Conventional commercial banks<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Insurance companies<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Speculative currency trading<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Gambling enterprises<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Inappropriate advertising or promotion<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Material related to adultery<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Non-compliant meat processing methods according to sharia\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<p>To learn more about what the fund invests on , here is a <a href=\"https:\/\/drive.google.com\/file\/d\/1hc657oAGyZC_ZlcNYAoIs2oQhL2Zwa3V\/view?usp=sharing\">link <\/a>to the prospectus, which includes detailed information on the fund<\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">Why invest in the NMF?<\/h2>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Sharia-Compliant:<\/strong> the fund stands out as a sharia-compliant equity fund on Thndr, providing an effortless way to invest in compliant stocks.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Past Performance:<\/strong> According to the EIMA report as of December 31, 2023, NM Sharia Equity Fund emerged as the <strong>highest-performing Islamic equity fund in the last 12 months<\/strong>, outshining the competition. During 2023 its performance almost matched EGX30\u2019s performance with a 64.90% increase.\u00a0\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Expert Management:<\/strong> Backed by Naeem Asset Management, a subsidiary of Naeem Holding, NM Sharia Equity Fund benefits from professional expertise and a track record of managing billions of dollars for high-net-worth individuals and institutional investors.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">What are the risks?<\/h2>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Equity-Focused Fund:<\/strong> NM Sharia Equity Fund, being an equity-focused fund, is subject to market fluctuations and the inherent risks associated with the stock market.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Limited Securities<\/strong>: Given that it is Sharia compliant, the fund runs the risk of investing in limited securities because of its investment guidelines.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">What are the fees for investing in NM Sharia Equity Fund?<\/h2>\n<p><\/p>\n<p>The fund\u2019s fees are divided into two categories:\u00a0<\/p>\n<p><\/p>\n<p>Thndr Brokerage Commission:<\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>0.1% of the value of each order (for buying or selling)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>EGP 2 per order (for buying or selling)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<p>Fund Expenses:<\/p>\n<p><\/p>\n<ul class=\"wp-block-list\">\n<li style=\"list-style-type: none\">\n<ul><\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Total Expense Ratio:<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>This is like a fee that the fund charges to cover its operating costs, like management and administration. In this case, it&#8217;s about 1.5%.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li><strong>Performance Fee:\u00a0<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>This is a fee based on how well the fund does compared to a certain benchmark, which is the average return of sharia-compliant annual interest bearing accounts. If the fund does better than this benchmark, the manager gets an extra fee, which is 10% of the extra return above the benchmark.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>For example, if the fund makes 40% return and the benchmark is 10%, the extra return is 30% (40% &#8211; 10%). Then, 10% of that extra return, so 3%, goes to the manager as a performance fee.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>All these fund expenses are already included in the certificate price, so you as an investor in the fund will not see them.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">When can I invest in the NMF on Thndr?<\/h2>\n<p><\/p>\n<p>It is considered a liquid investment that offers <strong>daily subscriptions and weekly redemption.\u00a0<\/strong><\/p>\n<p><\/p>\n<p>Let&#8217;s start off with the subscription, you can start buying the fund certificates daily at 12:30PM at a minimum amount of 2 certificates and it takes 1 working day to execute.\u00a0<\/p>\n<p><\/p>\n<p>For redemptions, there is <strong>no minimum amount<\/strong> and the process occurs weekly on Thursdays at 12:30PM, with execution on the next working day with the following working day&#8217;s certificate price.<\/p>\n<p><\/p>\n<p>Have more questions about NM Sharia Equity Fund? You\u2019ll find all your answers <a href=\"https:\/\/support.thndr.app\/en\/support\/solutions\/articles\/73000627240-%D8%B5%D9%86%D8%AF%D9%88%D9%82-nm-%D8%A3%D8%B3%D9%87%D9%85-%D8%B4%D8%B1%D9%8A%D8%B9%D8%A9-nmf-\">here<\/a>.\u00a0<\/p>\n<p><\/p>\n<h2 class=\"wp-block-heading\">How can I invest in the NM Sharia Equity Fund?<\/h2>\n<p><\/p>\n<p>It only takes a few taps! To find the fund on Thndr you can check out our \u2018Mutual Funds\u2019 and \u2018Sharia\u2019 themes.<\/p>\n<p><\/p>\n<p>You can also search \u201cNMF\u201d or \u201c\u0635\u0646\u062f\u0648\u0642 \u0646\u0639\u064a\u0645 \u0623\u0633\u0647\u0645 \u0634\u0631\u064a\u0639\u0629\u201d<\/p>\n<p><\/p>\n<p>Alternatively, use specific keywords such as &#8220;NM Sharia Equity Fund&#8221;\u00a0 for easy access.<\/p>\n<p><\/p>\n<h3 class=\"wp-block-heading\">New to investing? No problem!<\/h3>\n<p><\/p>\n<p>Thndr is the easiest way to become an investor in Egypt. As a matter of fact, <strong>86% of all new entrants in the EGX in 2022 <\/strong>\u00a0became investors through Thndr. Learn more about investing with Thndr <a href=\"https:\/\/thndr.horizondm.com\/\">here.<\/a>\u00a0<\/p>\n<p><\/p>\n<p>If you\u2019re interested in other sharia-compliant investing products, read more about the <a href=\"https:\/\/support.thndr.app\/en\/support\/solutions\/articles\/73000534681-misr-takaful-fund-mtf-\">Misr Takaful Fund<\/a> and <a href=\"https:\/\/support.thndr.app\/en\/support\/solutions\/articles\/73000611122-az-gold-azg-\">AZG Fund<\/a> on Thndrt<\/p>\n<p><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Everything you need to know about NM Sharia Equity Fund, the highest-performing Islamic equity fund in 2023<\/p>\n","protected":false},"author":11,"featured_media":12859,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[255],"tags":[],"class_list":["post-12844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-updates"],"_links":{"self":[{"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/posts\/12844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/comments?post=12844"}],"version-history":[{"count":14,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/posts\/12844\/revisions"}],"predecessor-version":[{"id":13025,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/posts\/12844\/revisions\/13025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/media\/12859"}],"wp:attachment":[{"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/media?parent=12844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/categories?post=12844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/tags?post=12844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}