Thndr offers several Sharia-compliant investment options, including mutual funds and individual stocks. You can also use the Sharia33 index to view and track Sharia-compliant stocks.
This guide explains the Sharia-compliant investment options available on Thndr and how to find them.
What is Sharia-compliance
Thndr offers Sharia-compliant investment options across both mutual funds and individual stocks.
Sharia compliance generally considers two areas: the activities a company or fund is exposed to, and how its finances are structured. This includes avoiding prohibited business activities and reviewing financial ratios, such as levels of interest-bearing debt, against Sharia screening criteria.
Sharia-compliant funds are overseen by a Sharia committee or supervisory board that reviews the fund’s investment strategy and holdings to make sure they meet the fund’s Sharia guidelines.
To see who supervises a specific Sharia-compliant fund, open the fund on the Thndr app, scroll down to the About section, and check the fund details.
The Sharia committee or supervisory board is listed there, where available.
You can also find the fund’s prospectus in the About section. Tap Prospectus to open it.
How to find Sharia-compliant funds
Open the Thndr app and go to Explore.
Tap the Search bar at the top of the page.
Type Sharia.
The search results will show the Sharia-compliant investment funds currently available on Thndr.
How to find Sharia-compliant individual stocks
Open the Thndr app and go to Explore.
Scroll down to the Thndr Lists section.
Tap the Sharia tab.
You’ll see a list of individual stocks identified as Sharia compliant.
How to find the EGX33 Sharia Index
You can also use the EGX33 Sharia Index to track the performance of Sharia-compliant stocks included in the index.
Open the Thndr app and go to Explore.
Tap the Search bar.
Type Shariah.
Select the EGX33 Sharia Index from the search results.
The index lets you follow the performance of the Sharia-compliant companies included in the EGX33 Sharia Index.Sharia-compliant funds on Thndr
Sharia-compliant funds on Thndr
Below is a list of Sharia-compliant funds currently available on Thndr in alphabetical order by ticker:
ASO (Azimut Sharia Opportunities): An actively managed equity fund that invests in Sharia-compliant companies. The fund manager actively selects and manages the portfolio rather than simply tracking an index.
AZG (Azimut Gold Fund): A Sharia-compliant gold fund that invests in physical 24-karat gold.
AZN (Azimut Nasser Fund): A Sharia-compliant savings fund.
BWA: A passively managed equity fund that tracks the EGX33 Sharia Index.
CGO (CI Gold Fund): A Sharia-compliant gold fund.
CMS (Misr Shariah Equity Fund): A passively managed equity fund that tracks the EGX33 Sharia Index by investing in its constituent stocks.
MTF (Misr Takaful Fund): A Sharia-compliant fund designed for lower-risk, liquid investing.
NMF (Naeem Misr Sharia Equity Fund): An equity fund that invests in Sharia-compliant stocks listed on the Egyptian Exchange.
Thndr Instant Savings Cloud: A Sharia-compliant savings option that lets you invest while keeping the flexibility to add or withdraw money whenever you need.
Sharia-compliant metal funds on Thndr
Thndr offers Sharia-compliant mutual funds that give you exposure to gold without having to buy and store physical gold yourself.
Available Sharia-compliant gold funds include:
Thndr Gold - A Sharia-compliant gold fund that gives you flexible access to gold investing. You can invest either by entering the amount of gold you want to buy in grams or the amount you want to invest in EGP. Buy orders are executed during three purchase windows each trading day, giving you multiple opportunities to invest throughout the day.
AZG (Azimut Gold Fund)
CGO (CI Gold Fund)
These funds provide exposure to gold while operating under Sharia-compliant structures and supervision.
To compare them, open each fund in the Thndr app and review its About section, prospectus, fees, and historical performance.
You can also use the performance chart to compare different timeframes, including 1W, 1M, 6M, 1Y, and 5Y. Tap a timeframe to see the exact percentage change displayed below the Last Trade Price.
How to check a Sharia-Compliant fund’s performance
To review a fund’s historical performance, open the fund on the Thndr app and use the chart to switch between the available timeframes:
1W, 1M, 6M, 1Y, and 5Y
Tap a timeframe to see the fund’s performance over that period. The exact percentage change for the selected timeframe is displayed below the Last Trade Price.
Historical performance shows how the fund performed in the past and does not guarantee future returns.
How to use Alpha to help build a Sharia-compliant portfolio
If you’re not sure how to divide your investment across Sharia-compliant equity funds, fixed-income funds, metal funds, and individual stocks, you can use Thndr’s AI assistant, Alpha, to help build a portfolio based on your goals and preferences.
To open Alpha:
Open the Thndr app.
Tap the Hub icon.
Under Investment Services, tap Alpha.
Tell Alpha that you only want to consider Sharia-compliant investments.
You can also give Alpha more information about what you’re looking for, including:
How much you want to invest.
Your investment goal.
Your investment horizon.
Your risk tolerance.
Whether you need regular access to your money.
Whether you prefer equity funds, fixed-income funds, metal funds, individual stocks, or a mix of different investment types.
Alpha will use the information you provide to suggest a portfolio allocation based on your preferences. You can review and adjust the suggested allocation before investing.
Once you’re happy with the portfolio, you can invest in the suggested allocation directly from Alpha.
FAQs
Can I lose part of my principal in a Sharia-compliant fund?
Sharia-compliant investments involve sharing in investment risk, which means returns and principal are not guaranteed. This is one of the principles that distinguishes Sharia-compliant investing from products that promise a fixed, guaranteed return.
The level of risk depends on the type of fund:
Equity funds generally carry higher market risk because their value moves with the prices of the stocks they hold.
Fixed-income and savings funds generally have lower volatility than equity funds, but their value and returns are still not guaranteed.
Metal funds, such as gold funds, move with the price of the underlying metal and can experience periods of significant price changes.
If the value of a fund falls and you sell at that lower value, you may receive less than the amount you originally invested.
You can check how a fund has performed in the Thndr app by opening the fund and using the performance chart. Switch between 1W, 1M, 6M, 1Y, and 5Y to view performance over different time periods.
The exact percentage change for the selected period appears below the Last Trade Price.
Historical performance can help you understand how the fund has moved over time, but it does not guarantee future performance.