{"id":22740484,"date":"2026-05-11T13:01:20","date_gmt":"2026-05-11T10:01:20","guid":{"rendered":"https:\/\/fra.gov.eg\/fra_news\/%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2-%d8%af%d9%88%d8%b1%d9%87%d8%a7-%d8%a7%d9%84%d8%aa%d9%86%d9%85%d9%88%d9%8a-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9\/"},"modified":"2026-05-12T10:16:07","modified_gmt":"2026-05-12T07:16:07","slug":"%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2-%d8%af%d9%88%d8%b1%d9%87%d8%a7-%d8%a7%d9%84%d8%aa%d9%86%d9%85%d9%88%d9%8a-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9","status":"publish","type":"fra_news","link":"https:\/\/fra.gov.eg\/en\/fra_news\/%d9%84%d8%aa%d8%b9%d8%b2%d9%8a%d8%b2-%d8%af%d9%88%d8%b1%d9%87%d8%a7-%d8%a7%d9%84%d8%aa%d9%86%d9%85%d9%88%d9%8a-%d8%a7%d9%84%d8%b1%d9%82%d8%a7%d8%a8%d8%a9-%d8%a7%d9%84%d9%85%d8%a7%d9%84%d9%8a%d8%a9\/","title":{"rendered":"FRA Amends Charitable Funds\u2019 Regulations to Bolster Development Goals \u2013 Monday 11 May 2026"},"content":{"rendered":"<p><strong>Dr. Islam Azzam \u2013 FRA Chairman:<\/strong><\/p>\n<ul>\n<li><span style=\"color: #800000;\">FRA aims to respond more efficiently to the needs of policyholders involved in charitable initiatives.<\/span><\/li>\n<li><span style=\"color: #800000;\">This move gives funds more flexibility to handle redemption requests effectively.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>FRA Board of Directors chaired by Dr. Islam Azzam, has issued Resolution No. 83 of 2026 updating the redemption regulations for charitable investment funds. This initiative underscores the Authority\u2019s commitment to refining the regulatory landscape, optimizing liquidity management and protecting policyholders\u2019 rights.<\/p>\n<p>Charitable investment funds are specialized vehicles where all or part of the profits are directed toward financing charitable, developmental, or social initiatives. These funds play a vital role in supporting sustainable development goals and fostering community engagement.<\/p>\n<p>Dr. Islam Azzam emphasized that these new amendments aim to provide greater flexibility in managing redemptions for charitable funds. This allows for a more efficient response to policyholders&#8217; needs &#8211; particularly in cases involving increased redemption requests for charitable purposes &#8211; while maintaining fund stability and protecting the interests of all investors.<\/p>\n<p>The amendment requires that redemptions be limited by the number of purchase orders received that day. If redemption requests exceed available purchase orders, the fund will apply a proportional allocation system to ensure all redemption requests are treated equally.<\/p>\n<p>Furthermore, the amendment allows the fund\u2019s prospectus or information memorandum to permit the execution of redemption requests that exceed purchase orders, rather than waiting for them to balance. This is subject to justification provided by the fund manager and approval from the fund\u2019s Board of Directors or Supervisory Committee, granting funds enhanced flexibility in handling redemptions.<\/p>\n<p>FRA Chairman noted that allowing redemptions to exceed purchase orders &#8211; under specific controls and approvals &#8211; equips fund managers with more flexible liquidity management tools. This is expected to bolster investor confidence in charitable investment funds and empower them to better achieve their investment and developmental objectives.<\/p>\n<p>The Egyptian market currently hosts five charitable investment funds with a combined Net Asset Value (NAV) of EGP 1.1 billion. These funds are established under the Capital Market Law No. 95 of 1992 and its Executive Regulations. They operate under FRA \u2018s supervision in accordance with Law No. 10 of 2009, which regulates non-banking financial markets and instruments.<\/p>\n<p>This Resolution is part of FRA&#8217;s broader strategy to develop investment fund market and strike a balance between fund management flexibility and investor protection to ensure market stability and efficiency.<\/p>\n","protected":false},"author":124,"featured_media":21991535,"parent":0,"template":"","format":"standard","categories":[142,144],"tags":[3791,3910,4876],"fra_news_taxonomy":[2137,2138],"news_paper_taxonomy":[],"_links":{"self":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news\/22740484"}],"collection":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news"}],"about":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/types\/fra_news"}],"author":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/users\/124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media\/21991535"}],"wp:attachment":[{"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/media?parent=22740484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/categories?post=22740484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/tags?post=22740484"},{"taxonomy":"fra_news_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/fra_news_taxonomy?post=22740484"},{"taxonomy":"news_paper_taxonomy","embeddable":true,"href":"https:\/\/fra.gov.eg\/en\/wp-json\/wp\/v2\/news_paper_taxonomy?post=22740484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}