Type of Fund:
Open-ended fund with cumulative return and periodic distribution, complying with the Islamic Shariah.
The fund aims to maximize capital gains through diversifying its investments in different financial instruments including stocks listed on the Egyptian stock exchange as well as other investment tools complying with the Islamic Shariah, in order to achieve capital growth with an acceptable degree of risk. The fund also aims to distribute annual dividends to certificate holders.
Subscription and Redemption:
Subscription for new certificates or redemption of some or all of the certificate's value can be submitted till 1 PM on the last working day of every week in any branch of NBK - Egypt.
There are no subscription or redemption fees.
Who Is It For?
- For investors who wish to invest in the stock market
- Al-Hayah Fund is suitable for investors who want to invest in the stock market while simultaneously complying with the Islamic Shariah
What Do I Get?
- Mutual funds offer a diversity, which is both difficult and costly to replicate, allowing small investors the chance to partake in stock market investments
- A diverse array of investments in Egyptian companies listed on the Egyptian stock exchange as well as other investment instruments all complying with the Islamic Shariah
- Cumulative return as well as periodic distribution
- An ease of subscribing and redeeming investment certificates on a weekly basis through NBK - Egypt
What Makes It Special?
- Al-Hayah Fund have received Lipper Fund Award 2016 for being a top performer in its Equity Egypt class over five years. The Lipper Fund Awards program honors funds that have excelled in delivering consistently strong risk adjusted performance, relative to their peers in the industry
- It is also worth mentioning that this is the second award for Islamic Equity Al-Hayah Fund as it received the Lipper Fund Award 2014 for being a top performer in its 'Equity Egypt' class over three years
How Do I Get It?
A minimum investment of EGP 5,000 is required only for the first subscription.
Fees and Charges
- There are no subscription or redemption fees
All Administrative and Management Fees:
- All Administrative and Management Fees are approximately 1.63% annually of net assets under management in addition to the fixed fees, which is currently EGP 163,000
- Performance fee is 10% annually of net annual profits in excess of 10%
Tell me more
Investing in the stock market over a long period of time yields rewarding returns.
The Fund's General Investment Guidelines:
- The fund should not invest more than 90% of the its assets in equities
- The fund should not invest more than 50% of its assets in Islamic short term accounts
- The percentage of investment in other investment funds established following Islamic Shariah provisions does not exceed 20% of the funds and no more than 5% of the number of invested fund documents
What are the benefits of investing in Islamic equity funds?
Allowing investors, both individuals and institutions, the opportunity to invest in the stock market instruments with minimal capital requirements.
What is the difference between investing in mutual funds and investing directly in the stock market?
Mutual funds allow investors the opportunity to invest in different sectors, reducing the overall risk of the fund. On the other hand, directly investing in the stock market restricts individual investors' exposure to a limited number of companies, increasing the risk of their overall portfolio.
Are mutual funds subject to review?
Mutual funds are reviewed on a regular basis from an independent reviewer with their semi-annual and annual financial reports printed in two daily, widely recognized newspapers.
How do I track the fund’s performance?
The fund's certificate price is accessible through all of the bank's branches as well as a weekly newspaper.