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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.

Features

  • 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.

Benefits

  • 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).
  • Reports, financial statements are published semi –annually.