{"id":9520,"date":"2022-09-21T11:49:24","date_gmt":"2022-09-21T10:49:24","guid":{"rendered":"https:\/\/thndrblog.bikostudio.com\/?p=9520"},"modified":"2024-07-23T11:00:22","modified_gmt":"2024-07-23T10:00:22","slug":"looking-for-a-new-sharia-compliant-way-to-invest","status":"publish","type":"post","link":"https:\/\/thndr.horizondm.com\/blogpost\/looking-for-a-new-sharia-compliant-way-to-invest\/","title":{"rendered":"Looking for a new sharia-compliant way to invest?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"9520\" class=\"elementor elementor-9520\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1979dd2 elementor-section-boxed elementor-section-height-default elementor-section-height-default rt-parallax-bg-no\" data-id=\"1979dd2\" 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-34b9dac1\" data-id=\"34b9dac1\" 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-524cd69e elementor-widget elementor-widget-text-editor\" data-id=\"524cd69e\" 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>We\u2019re thrilled to announce our first Sharia-compliant fund in partnership with Misr Insurance and Arab African Investment Management.<\/p><p><strong data-sider-select-id=\"cd6e4580-9353-4dba-8ef9-dd80efb6c993\">A\u00a0<em>highly-liquid\u00a0<\/em>fund:\u00a0<\/strong><span style=\"text-align: var(--bs-body-text-align)\" data-sider-select-id=\"313daae3-fe6c-4a7f-9a65-6757ffb21dad\">Misr Takaful Fund is a money market fund that offers daily subscriptions and daily redemption. It is considered a low-risk, liquid investment instrument. Investors enjoy compounded daily returns to ensure that they get the most flexibility out of their investments.<\/span><\/p><p><strong>Our\u00a0<em>first Sharia-compliant<\/em>\u00a0fund:\u00a0<\/strong><span style=\"text-align: var(--bs-body-text-align)\">The fund invests mainly in Egyptian T-Bills designated as Shariah-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.<\/span><\/p><p><strong>A\u00a0<em>low-risk way<\/em>\u00a0to invest:\u00a0<\/strong><span style=\"text-align: var(--bs-body-text-align)\">The fund invests in low-risk instruments, including up to 90% in Egyptian T-bills and 49% in Egyptian T-bonds. It also has the flexibility to invest in other Shariah-compliant products after the Sharia Committee\u2019s approval. The fund returns are also exempted from tax payments.<\/span><\/p><h2><strong>How can you start today?<\/strong><\/h2><ul><li>Download the Thndr app and open an investment account \u2013 If you already have an account with Thndr, you are good to go<\/li><li>Fund your account through Cash Deposit, Wire Transfer, InstaPay, or Fawry.\u00a0<a href=\"https:\/\/support.thndr.app\/en\/support\/solutions\/articles\/73000479271-depositing-egp-into-my-thndr-account\" target=\"_blank\" rel=\"noreferrer noopener\">More details here<\/a><\/li><li>Search for Misr Takaful fund \u2013 MTF<\/li><\/ul><p>The fund is undergoing a subscription period that will end on 29\/03\/2022 at 4 pm,\u00a0<\/p><p>the minimum investment amount is EGP 1,000 during the subscription period. After the subscription closes, you can buy with as little as 1 certificate which starts at EGP 100.<\/p><h2><strong>How does Misr Takaful fund work?<\/strong><\/h2><p>Everyone who invests in the fund owns certificates issued by this fund. These certificates give everyone the same mix of investments in the same proportion. As the fund\u2019s value as a whole rises or falls, each person\u2019s certificate value will go up and down with it.<\/p><h3><strong>More about the Shariah Committee<\/strong><\/h3><p>For the fund to have the Sharia-compliant stamp, an internal Shariah committee needs to be hired according to the FRA regulations. This includes that members should be part of the certified <a href=\"https:\/\/fra.gov.eg\/%D8%AA%D8%B3%D8%AC%D9%8A%D9%84-%D9%88%D8%AA%D8%AD%D8%AF%D9%8A%D8%AB-%D8%B3%D8%AC%D9%84%D8%A7%D8%AA-%D8%A7%D8%B9%D8%B6%D8%A7%D8%A1-%D9%84%D8%AC%D8%A7%D9%86-%D8%A7%D9%84%D8%B1%D9%82%D8%A7%D8%A8%D9%87\/\" target=\"_blank\" rel=\"noreferrer noopener\">members list<\/a>\u00a0of the FRA Shariah Supervisory Committees.<\/p><h3><strong data-sider-select-id=\"90e4365e-d577-4dc3-9ea2-f0dea0e0872f\">More about the Sharia Compliant Misr Takaful fund manager<\/strong><\/h3><p>The fund is managed by Arab African Investment Management (AAIM). AAIM has over 13 years of experience and more than EGP 12.4 B of assets under management over different asset classes.<\/p><h3><strong>More about the fund owner<\/strong><\/h3><p>The fund is owned by Misr Takaful Insurance. Misr Takaful Insurance is one of the subsidiary arms of Misr Insurance Holding Company, Egypt\u2019s largest insurance company that has a portfolio of over EGP 60 B.<\/p><h2><strong>What are the risks of\u00a0<\/strong>Misr Takaful Fund<strong style=\"text-align: var(--bs-body-text-align)\">?<\/strong><\/h2><p>The fund is exposed to various types of risk like interest rate risk and liquidity risk. The fund manager typically manages these risks by diversifying the fund\u2019s investments across different asset classes and maturity ladders that match the liquidity and nature of money inside the fund.<\/p><h4><strong>More Information<\/strong><\/h4><p>The \u201c<a href=\"https:\/\/www.misr-takaful.com\/assets\/%D9%85%D8%B0%D9%83%D8%B1%D8%A9%20%D8%B5%D9%86%D8%AF%D9%88%D9%82%20%D9%85%D8%B5%D8%B1%20%D9%84%D9%84%D8%AA%D8%A7%D9%85%D9%8A%D9%86%20%D8%A7%D9%84%D8%AA%D9%83%D8%A7%D9%81%D9%84%D9%8A.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Subscription Note<\/a>\u201c: A tell-all document that includes all information about the fund.<\/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>We\u2019re thrilled to announce our first Sharia-compliant fund in partnership with Misr Insurance and Arab African Investment Management.<\/p>\n","protected":false},"author":9,"featured_media":12476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[255],"tags":[],"class_list":["post-9520","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\/9520","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/comments?post=9520"}],"version-history":[{"count":21,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/posts\/9520\/revisions"}],"predecessor-version":[{"id":13288,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/posts\/9520\/revisions\/13288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/media\/12476"}],"wp:attachment":[{"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/media?parent=9520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/categories?post=9520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thndr.horizondm.com\/blogpost\/wp-json\/wp\/v2\/tags?post=9520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}