{"id":20552,"date":"2024-08-06T10:55:46","date_gmt":"2024-08-06T08:55:46","guid":{"rendered":"https:\/\/thndr.horizondm.com\/learn\/?p=20552"},"modified":"2024-08-28T10:41:57","modified_gmt":"2024-08-28T08:41:57","slug":"grow-your-investment-portfolio-with-our-sharia-compliant-supermarket-on-thndr","status":"publish","type":"post","link":"https:\/\/thndr.horizondm.com\/learn\/grow-your-investment-portfolio-with-our-sharia-compliant-supermarket-on-thndr\/","title":{"rendered":"Grow your Investment Portfolio with our Sharia Compliant Supermarket on Thndr!\u00a0"},"content":{"rendered":"\n<p>Whether you\u2019re looking for a new sharia compliant investment or even wonder what Sharia compliant even means, this article is for you!&nbsp;<\/p>\n\n\n\n<p>We&#8217;ve got a range of&nbsp; investment options lined up for you to explore, no matter what you investment style is or your risk appetite we have just the thing for you!<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">First off let\u2019s understand what is Sharia-Compliant Investing?<\/h2>\n\n\n\n<p>So, if a company is deemed as Sharia compliant that means that it adheres to all the rules designated by the EGX to classify it as one. These rules are:&nbsp;<\/p>\n\n\n\n<p>Prohibition <strong>&nbsp;<\/strong>from investing in the following activities:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Alcohol-related businesses<\/li>\n\n\n\n<li>Pork or pig products<\/li>\n\n\n\n<li>Conventional commercial banks<\/li>\n\n\n\n<li>Conventional Insurance companies<\/li>\n\n\n\n<li>Speculative currency trading<\/li>\n\n\n\n<li>Gambling enterprises<\/li>\n\n\n\n<li>Inappropriate advertising or promotion<\/li>\n\n\n\n<li>Material related to pornography<\/li>\n\n\n\n<li>Non-Sharia-compliant meat processing methods<\/li>\n<\/ul>\n\n\n\n<p>If they tick all of these boxes, then they pass the test as Sharia compliant. So if that&#8217;s the kind of investment you\u2019re looking for, well you\u2019re in luck because there\u2019s a brand new index that is just for you, the EGX33.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">What is the EGX33?<\/h2>\n\n\n\n<p>The EGX33 is a unique index that tracks the most liquid 33 Sharia-compliant companies listed on the Egyptian Exchange (EGX). Those 33 companies are picked from the EGX100 index, and are reviewed semi-annually by the board of the index.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Who is the Sharia board composed of?<\/h2>\n\n\n\n<p>Compromised of a group of notable figures, the board includes the following:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Chairman of the Board, Dr. Amr El-Wardani <\/strong>&#8211; Secretary of Fatwa at the Egyptian Fatwa House<\/li>\n\n\n\n<li><strong>Vice Chairman of the Board, Dr. Ezz El-Din Tohamy <\/strong>&#8211; Emeritus Professor of Accounting at Faculty of Commerce at Al-Azhar University<\/li>\n\n\n\n<li><strong>Dr. Hassanein Abdel Moneim,<\/strong> member of Sharia supervisory boards of several financial institutions.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">So, what are the 33 companies that the index invests in?<\/h2>\n\n\n\n<p>The companies within the EGX33 include a broad range of 15 sectors, offering a well-rounded investment portfolio.&nbsp;<\/p>\n\n\n\n<p>From technology and telecommunications to healthcare and consumer goods, the index features companies that comply with specific Sharia and index criteria.<\/p>\n\n\n\n<p>Note that these companies change every 6 months (at the end of January and July of every year) based on the Sharia board\u2019s semi-annual review and their weights within the index also change daily.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<p>Check out the companies here:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Talaat Moustafa Group<\/li>\n\n\n\n<li>Elsewedy Electric&nbsp;<\/li>\n\n\n\n<li>Abu Qir Fertilizers&nbsp;<\/li>\n\n\n\n<li>Fawry Payments Technology<\/li>\n\n\n\n<li>Telecom Egypt<\/li>\n\n\n\n<li>Raya Call Centre Services<\/li>\n\n\n\n<li>&nbsp;Edita<\/li>\n\n\n\n<li>Juhayna<\/li>\n\n\n\n<li>Obour Land<\/li>\n\n\n\n<li>Al-Baraka Bank<\/li>\n\n\n\n<li>Faisal Islamic Bank<\/li>\n\n\n\n<li>Abu Dhabi Islamic Bank<\/li>\n\n\n\n<li>MM Group<\/li>\n\n\n\n<li>Taaleem Management Service&nbsp;<\/li>\n\n\n\n<li>IbnSina Pharma<\/li>\n\n\n\n<li>Rameada&nbsp;<\/li>\n<\/ul>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li>MOBCO<\/li>\n\n\n\n<li>Oriental Weavers<\/li>\n\n\n\n<li>Palm Hills Development&nbsp;<\/li>\n\n\n\n<li>Cleopatra Hospital&nbsp;<\/li>\n\n\n\n<li>Emaar Misr<\/li>\n\n\n\n<li>Alexandria Mineral Oils Company<\/li>\n\n\n\n<li>SODIC<\/li>\n\n\n\n<li>Arab Cotton Gining<\/li>\n\n\n\n<li>El Ezz Porcalen&nbsp;<\/li>\n\n\n\n<li>Egyptian financial and Industrial&nbsp;<\/li>\n\n\n\n<li>Egyptian Transaport<\/li>\n\n\n\n<li>Orascom Construction&nbsp;<\/li>\n\n\n\n<li>Orascom Development&nbsp;<\/li>\n\n\n\n<li>GB Corp<\/li>\n\n\n\n<li>Sidi Kerir Perto Chemicals<\/li>\n\n\n\n<li>Egypt Gas<\/li>\n\n\n\n<li>Madinet Masr for Housing<\/li>\n<\/ul>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">&nbsp;Investment Criteria for EGX33<\/h2>\n\n\n\n<p>To be included in the EGX33 index, companies must meet stringent criteria based on both Sharia law and index-specific guidelines.&nbsp;<\/p>\n\n\n\n<p><strong>These are the Sharia criteria&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>No more than 5% of a company\u2019s revenues derive from non-Sharia compliant activities such as the sale of alcohol.<\/li>\n\n\n\n<li>If a company\u2019s interest-earnings investments (such as long- and short-term Treasuries) do not exceed&nbsp; 33% of its assets or of its average market cap, whichever is higher.<\/li>\n<\/ul>\n\n\n\n<p><strong>And these are the index criteria<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The ratio of a company\u2019s liquid assets should not exceed 70% of its total assets.<\/li>\n\n\n\n<li>Companies not included in the EGX100 but having a Sharia supervisory board can be added to the index if they meet the liquidity criteria.<\/li>\n\n\n\n<li>The relative weight of any company cannot exceed 15% of the index when partially reviewed every three months (February, May, August, and November).<\/li>\n<\/ul>\n\n\n\n<p>Want to know more details about the index, read the prospectus liked <a href=\"https:\/\/drive.google.com\/file\/d\/1yTJOyTnKBvnXmZjUzcMwTFy5E3LjsK-O\/view?usp=sharing\">here<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>How Can I Invest in the EGX33 index?<\/strong><\/h2>\n\n\n\n<p>You can tap into the EGX33 index through two main fund options: CMS and ASO. Each offers a different investment style, catering to various risk appetites and investment strategies.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/thndr.horizondm.com\/blog\/managed-by-experts-misr-shariah-equity-fund-a-new-addition-to-our-sharia-investment-supermarket\/\">CMS<\/a> &amp; <a href=\"https:\/\/drive.google.com\/file\/d\/12VkdpiE6W4TDdaFDLFnKL9OqTyBlR-eO\/view?usp=drive_link\">BWA <\/a>: The Passive Route<\/strong><\/p>\n\n\n\n<p>If you prefer a hands-off approach, CMS and BWA is your go-to. These passively managed equity fund mirrors the EGX33 Sharia index, offering a low-cost, straightforward way to invest in a diversified portfolio.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/thndr.horizondm.com\/blog\/looking-for-your-next-sharia-investment-managed-by-experts-az-sharia-opportunities-is-here\/\">ASO<\/a>: The Active Approach<\/strong><\/p>\n\n\n\n<p>For those who like a more dynamic investment strategy, ASO actively manages its portfolio to outperform the index. Fund managers make strategic decisions based on market conditions, offering a chance to maximize returns. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Interested in more Sharia-Compliant Products? Thndr\u2019s got you covered!<\/strong><\/h2>\n\n\n\n<p>We have a whole Sharia-compliant supermarket right at your fingertips.<\/p>\n\n\n\n<p><a href=\"https:\/\/thndr.horizondm.com\/blog\/nm-sharia-equity-fund-on-thndr\/\"><strong>NM Sharia Equity Fund (NMF or Naeem Misr Fund)<\/strong><\/a> was the best-performing Islamic equity fund in 2023. It is an equity fund that aims to provide returns through investing in Sharia-compliant stocks listed and traded on the EGX.&nbsp; It\u2019s categorized as a high-risk, high-return investment opportunity. The fund is managed by NAEEM Financial Investment (NFI) and has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.<\/p>\n\n\n\n<p><a href=\"https:\/\/thndr.horizondm.com\/blog\/looking-for-a-new-sharia-compliant-way-to-invest\/\"><strong>MTF<\/strong> <\/a>is more than just a savings fund \u2013 the low-risk and highly liquid investment opportunity has been dubbed Sharia-compliant by an internal committee led by Dr. Ali Gomaa, the former Grand Mufti of Egypt.<br><br><a href=\"https:\/\/thndr.horizondm.com\/blog\/investing-in-gold-on-thndr\/\"><strong>AZG<\/strong><\/a>: Gold is an investment favorite as old as time and has historically been a great hedge against inflation. You can invest in gold through the AZG (Azimut Gold) fund on Thndr. When you buy certificates of AZG, 100% of your money is invested in physical 24k gold that is stored in CBE-licensed vaults.<\/p>\n\n\n\n<p>Sharia Theme: This is a curated list presented to you by Thndr with all the Sharia compliant companies within the EGX, so you can pick and choose at your convenience<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Whether you\u2019re looking for a new sharia compliant investment or even wonder what Sharia compliant even means, this article is for you!&nbsp; We&#8217;ve got a range of&nbsp; investment options lined up for you to explore, no matter what you investment style is or your risk appetite we have just the thing for you! First off [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":20561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[443],"tags":[],"class_list":["post-20552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-im-an-investor-en"],"_links":{"self":[{"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/posts\/20552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/comments?post=20552"}],"version-history":[{"count":9,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/posts\/20552\/revisions"}],"predecessor-version":[{"id":20725,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/posts\/20552\/revisions\/20725"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/media\/20561"}],"wp:attachment":[{"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/media?parent=20552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/categories?post=20552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thndr.horizondm.com\/learn\/wp-json\/wp\/v2\/tags?post=20552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}