Al Wefak

Al Wefak Shariah Compliant Investment Fund with Cumulative returns

Established by Banque du Caire (BDC) and The Agricultural bank of Egypt (ABE) since 2011.

Available for Egyptians, foreigners, individuals and institutions.
The minimum number of underwritten is 50 certificates with no maximum limit.
The investor could trade by certificates preconditioned that its balance should not be less than 50 certificates.
Subscription/redemption requests are presented in any BDC’s and ABE’s branches nationwide.
Subscription is to take place either BDC or ABE. Redemptions should be made at same bank were purchased.
Managed by CI Asset Management one of the leading companies in Asset Management.
Certificate price is announced on the first working day of every week in a daily morning newspaper.

Returns are tax-free.
Easy tool for new investors to get stock market exposure with Shariah compliant instruments.
Long- term Investment with high expected returns.
Possibility of having annual distribution of returns either in cash or in the form of free certificates.
Investors can monitor the fund’s certificate price through:
- BdC’s branches.
- Call center 16990.
- Statements of account on a quarterly basis (free of charges).
- BdC website.
Reports, financial statements are published semi-annually.