Ishraq

Type of Fund:
Open-ended liquidity investment fund with a daily cumulative return.

Fund Objective:
The Fund invests in financial instruments issued only in the domestic market by the government, banks, corporation, as well as repurchase agreements, saving certificates, bank deposits and other money market funds. All transactions are subject to conditions set forth by Ministerial Decree No. 126/2008 and Central Bank of Egypt rules and regulations.

Subscription and Redemption:
Subscription for new investments certificates or redemption of some or all of the investments certificate’s value can be submitted until 2 PM every working day in any branch of NBK Egypt.

There are no subscription or redemption fees.

• Egyptians and foreigners, whether individual or corporate clients, may purchase investment certificates issued by the fund
• Subscribers may deal with the fund by selling and purchasing a single certificate after the completion of the subscription process
   

• This Fund is considered a low risk fund and provides daily cash flow by calculating a cumulative daily return on the funds invested in it
• The Fund allows daily subscription and redemption in its investment documents
   

Provides a cash management tool by offering high daily cumulative return on investments with no restrictions on withdrawals.

Subscribers may deal with the fund by selling and purchasing a single certificate after the completion of the subscription process.

• There are no subscription or redemption fees
• All Admin and Management Fees are approximately 0.93% annually of net assets under management in addition to the fixed fees, which is currently EGP 120,000
   

General Investment Policy:

• The Fund can invest up to 100% in Treasury Bills and Central Bank’s Sukuk
• The Fund can invest up to 40% of in Treasury Bonds
• The Fund can invest up to 20% in Bonds issued by private companies with a credit rating of not less than BBB- but limited to only 10% of the net asset value of the Fund
• The Fund can invest up to 90% in Repurchase agreements
• The Fund can invest up to 10% in Certificates of Deposit
• Investments in current accounts or bank deposits should not exceed 95% of the invested funds
• Other than government agencies or public sector banks, investments in deposits, bonds and CDs (combined) should not exceed 40% of the invested funds
• The fund’s duration should not exceed 150 days

To get more information, please call 19336.