{"id":597061,"date":"2019-07-15T04:18:59","date_gmt":"2019-07-15T04:18:59","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/"},"modified":"2019-07-15T04:18:59","modified_gmt":"2019-07-15T04:18:59","slug":"egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/","title":{"rendered":"Egypt\u2019s Baraka Bank to launch sharia-compliant daily return mutual fund"},"content":{"rendered":"

Al Baraka Bank is planning to launch a sharia-compliant investment fund that pays out dividends on a daily basis, Al Mal reports<\/a>. The EGP 100 mn fund will screen potential investments for compatibility with sharia law. It will invest in EGP-denominated debt and CDs and will be managed by EFG Hermes Asset Management.<\/p>\n","protected":false},"excerpt":{"rendered":"

Al Baraka Bank is planning to launch a sharia-compliant investment fund that pays out dividends on a daily basis, Al Mal reports. The EGP 100 mn fund will screen potential investments for compatibility with sharia law. It will invest in EGP-denominated debt and CDs and will be managed by EFG Hermes Asset Management.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9298],"tags":[541,2372,72,125,2337],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-597061","post","type-post","status-publish","format-standard","hentry","category-banking-finance","tag-asset-management","tag-banking-finance","tag-enterpriseam","tag-investment-watch","tag-islamic-finance","wpautop","entry"],"acf":{"mongo_id":"20c56361-d632-415b-83de-08cb9343a246","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[597031],"teaser":"","voice_url":""},"yoast_head":"\nEgypt\u2019s Baraka Bank to launch sharia-compliant daily return mutual fund - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt\u2019s Baraka Bank to launch sharia-compliant daily return mutual fund\" \/>\n<meta property=\"og:description\" content=\"Al Baraka Bank is planning to launch a sharia-compliant investment fund that pays out dividends on a daily basis, Al Mal reports. 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It will invest in EGP-denominated debt and CDs and will be managed by EFG Hermes Asset Management.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-07-15T04:18:59+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt\u2019s Baraka Bank to launch sharia-compliant daily return mutual fund\",\"datePublished\":\"2019-07-15T04:18:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/\"},\"wordCount\":63,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"asset management\",\"BANKING + FINANCE\",\"EnterpriseAM\",\"investment watch\",\"Islamic finance\"],\"articleSection\":[\"Banking + Finance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/15\/egypts-baraka-bank-to-launch-sharia-compliant-daily-return-mutual-fund\/\",\"name\":\"Egypt\u2019s Baraka Bank to launch sharia-compliant daily return mutual fund - 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