The United Bank “Rakhaa” fund At the forefront of compliant with the provisions of Shariaa investment funds, with the investors’ trust in its performance along the year

22/11/2022

 

Cairo: November 22, 2022

Although many Islamic investment funds have entered the best performance race, The United Bank Rakhaa fund, compliant with Shariaa provisions, with cumulative return, has kept its distinctive performance level. It succeeded in attracting an important segment of investors who desire the premium investment for their money in compliant with sharia transactions.

The United Bank, Rakhaa fund, with cumulative return, has come on top in many economic and investing reports that are specialized in investment funds’ performance over the medium term, in the Egyptian Market and MENA.

Regional and international awards

Rakhaa fund received many local and international awards, such as: Global Investors affiliated to Euromoney, as it granted Rakhaa fund, the best Islamic monetary fund compliant with sharia in MENA in 2018, in assets management field.

The Arab Banking Union has awarded Rakhaa fund, The best Islamic investment fund compliant with sharia provision.

As well as, Rakhaa fund has been nominated by International Mena Fund Manager for the best income tools fund, compliant with sharia, in The Middle East.

Rakhaa monetary fund enjoys many advantages as: the daily cumulative tax- free return, prompting companies and individuals to subscribe. The minimum subscription for the fund is 50 for new customers. Rakhaa fund is classified as an open fund that allows free movement in terms of purchase/ redemption on a daily basis until 12 noon at all The United Bank 68 branches. This is without any expenses for the subscription or redemption process, the thing that provides the clients with the required liquidity. As well as, it doesn’t deal with stocks at all, and clients can take loans guaranteed by the fund.

The prospectus has been published after the approval of the fund Shariaa board, which is certified from The General Authority for Financial Supervision, as one of the investment mechanisms available to clients. The shariaa compliant Rakhaa fund comprises a range of safe cash investment instruments, such as: treasury bills and bonds.

 

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