Shariah-Compliant Investing
متوافق مع الشريعة
A Shariah-compliant investment conforms to Islamic law: it avoids interest-based income, excessive uncertainty, and prohibited business activities, and it passes financial-ratio screens on debt levels and interest income. Compliance is certified and monitored by a Shariah supervisory board. The Egyptian market includes Shariah-compliant mutual funds and screened stock lists for investors who require them.
Example
A compliant equity fund excludes conventional banks and insurers, alcohol, tobacco and gambling, and applies a limit on how much interest-bearing debt a company may carry relative to its size.
Why it matters
Compliance is verified by a Shariah supervisory board that approves the methodology and reviews holdings against it, so it is an audited constraint rather than a marketing description.
A common mistake
Reading compliance as a performance claim. Screening out conventional banks removes a large part of the Egyptian market's listed value, so a compliant fund is structurally concentrated elsewhere and will diverge in both directions.
Live example from the Egyptian market
Sanabel Equity Fund Islamic Sharia Compliant's NAV today is EGP 841.69 (as of 9 September 2026), with a +69.20% return over the last 12 months. Details →
Data as of ; refreshes with every session or disclosure.
See it in action