Beltone Wafra Sharia

Beltone Shariah EGX33 Index Equity Fund – “Wafra” is an open-ended Shariah-compliant equity fund, operating under the Beltone multi-issuance fund “Tharawat”. The fund aims to replicate the performance of the EGX33 Shariah Index on the Egyptian Exchange.

The fund provides investors with direct exposure to the largest 33 Shariah-compliant companies in the Egyptian market, covering approximately 16 different sectors, offering broad sector diversification within a single investment vehicle.

Wafra follows a semi-passive investment approach (Index Tracking), whereby at least 90% of the fund’s net assets are allocated to the constituent stocks of the EGX33 Shariah Index, making its performance closely tied to the movement of the Islamic equity market in Egypt.

Core Investment Structure

≥ 90% of net assets: EGX33 Shariah Index equities

≤ 10%: Liquidity instruments and Shariah-compliant investments

Complementary investments may include:

Current accounts and bank deposits

Sukuk (Islamic bonds)

Is investing in Beltone Wafra better than buying stocks directly?

The fund offers automatic diversification by providing exposure to 33 different companies through a single investment, which reduces the risks associated with selecting individual stocks.

However, it may not always achieve the same returns that an investor could generate by successfully selecting specific high-performing stocks.

Description as published on the distribution platform.