El Shakmagya Bokra Gold Fund

El Shakmagya Fund is an open-ended investment fund compliant with Islamic Shariah and represents the first issuance of Bokra Investment Company’s Investment Fund for Metals (Multi-Issuance). The fund focuses on direct investment in gold bullion, with the aim of generating capital gains resulting from changes in gold prices, in addition to profits generated from gold trading transactions through buying and selling in accordance with the fund’s active management approach and investment policy.

The fund aims for direct investment in gold bullion to represent the main component of its assets, with direct investment in gold accounting for no less than 90% of the fund’s assets, while complying with the investment limits specified in the offering prospectus and maintaining the liquidity required to meet redemption requests. The fund may also invest in Shariah-compliant cash liquidity instruments, including Islamic bank deposits, in accordance with the controls set out in the prospectus.

The fund requires the gold bullion in which it invests to have a fineness of no less than 999.99 and to be of established ownership and not subject to any judicial dispute. The investment policy also covers specific bullion categories, including weights of 50 grams, 100 grams, 116.66 grams, 250 grams, 500 grams, 1 kilogram, and multiples thereof.

El Shakmagya Fund also allows in-kind redemption, whereby a unitholder may redeem the value of their investment in the form of gold bullion instead of receiving its cash value. For in-kind redemption, the value of the units being redeemed must be sufficient to obtain a bullion bar weighing at least 50 grams, with any cash difference between the value of the units and the value of the bullion bar being settled. The client bears the costs of in-kind redemption, up to a maximum of 4% of the value of the raw gold to be redeemed in kind.

Description as published on the distribution platform.