Arab Finance: Azimut Egypt has launched its shariah-compliant investment fund, Al Mal News reported.
The fund will invest in stocks listed on the Egyptian Exchange’s (EGX) recently-launched EGX33 Shariah index, without being restricted by index weights.
Earlier this month, it was reported that the Financial Regulatory Authority (FRA) approved the launch of Azimut Egypt’s shariah-compliant fund.
On July 8th, Azimut Egypt reportedly obtained a license from the FRA to launch its digital platform for investment funds and portfolios.
Dubbed AZ Invest, the platform offers users online access to all Azimut funds, including cash, fixed income, equity, multi-currency, and gold funds.