MI
MFIC Ijarah Fixed-Income Fund
Egypt · Proptech
An Egyptian fixed-income fund investing in mortgage receivables through an Ijarah structure.
Product
MFIC’s Ijarah fixed-income fund connects institutional capital with real-estate mortgage receivables originated by Nawy Now in Egypt. The regulated, closed-end vehicle uses a lease-to-own structure and distributes income to certificate holders over a five-year term.
Misr for Financial Investments, Synergy Capital’s asset-management arm, manages the fund. Its issuance programme gives investors exposure to the receivables portfolio while helping Nawy Now recycle capital into further mortgage financing.
Funding history
1 round · 1 with disclosed amounts| Announced | Round | Amount | Investors |
|---|---|---|---|
| Second Ijarah fixed-income certificate issuance | EGP 633M | Participants not disclosed |