BM investment fund IV – according to Islamic Sharia
- IPO prospectus
- IPO prospectus summary
- Quarterly financial statements
- For more information please contact 19888
- Summary of IPO prospectus for BM investment
fund IV in accordance with the provision of Islamic Sharia
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Fund
Name
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BM Investment Fund IV – “in accordance with the provision of
Islamic Sharia”
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Investment
Manager
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HC Securities & Investment
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Shari’a
Supervisory Board
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The fund has a permanent Shari’a supervisory board monitoring
its performance on a regular basis
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The
purpose of the fund
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Money investment and distributing the biggest investment
return with preserving the capital and reducing the risks through the
diversification of its investments all in accordance with the provision of
Islamic Sharia.
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Investment
Policy
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- Investing in Sharia compliant
activities
- The strategy implies investing
in activities compliant with the percepts of Islamic investment in
partnership with companies.
- The investors anticipate growth
and obtain their dividends as well as the acquisition of capital gains at the
end of the investment period, which is determined by the investment manager.
- Investing in Islamic investment
funds
- Islamic investment compliant
shares of Arab and Islamic companies listed in foreign stock
mark Islamic investment standards with a total percentage do not more
than 50% of the Fund's assets.
- Investing in Islamic compliant
investment schemes, whether Banque Misr or other Islamic banks.
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Fund
Size
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EGP 200 million to be increased
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Fund
Types
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Open with the possibility of distributing periodic return /
Weekly buying and recovery
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Nominal
Value
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EGP 100
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Minimum
IPO size
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10 certificates
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Maximum
IPO size
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Not Available
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Purchasing/Selling
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weekly/ first working banking day from each week at 12 PM
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Dealing
Outlets
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All Banque Misr outlets
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Announcing
Certificate Prices
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Al Ahram Newspaper to publish certificate prices first working
banking day from each week
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Commission
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IPO/ Purchase / Refund / Cashing interest Commissions are not
available
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Account
Statement
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submitted to client quarterly with no extra fees
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Dividend
Distribution
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an eligible semiannual to be distributed in case of profits
achievement
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Bank
Administrative Fees
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0.5% (five per thousand) per annum calculated on the basis of
the net asset value of the fund to be paid at the end of every three months.
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Investment
Manager Fees
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- Fund management Fees: Amounting
to 0.45% (four and a half per thousand) per annum calculated on the basis of
the net asset value of the fund to be paid at the end of every three months
- Performance Fees: 7.5% (seven
and a half percent) of the net profits of the fund's annual profits on more
than 10% (ten per cent) per year or on an average return Banque Misr for
Islamic transactions for a period of three months plus 3% (three percent),
and so, whichever is higher, and so after the adoption of the auditors and
not to these fees are calculated in the case of depreciation of the document
for a nominal value of EGP 100.
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- Certificate Recoverable Amount
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1
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Certificate Price Upon
IPO
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EGP 100
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2
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Price on 29/10/2006
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EGP 100.25
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3
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Price on 05/11/2006
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EGP 100.45
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4
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Price on 12/11/2006
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EGP 100.10
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5
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Price on 19/11/2006
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EGP 100.45
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6
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Price on 26/11/2006
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EGP 100.57
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7
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Price on 3/12/2006
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EGP 100.31
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