Wednesday, April 1, 2026, 4:18 PM
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Bokra Disrupts Gold Savings in MENA with ”Al-Shakmagia” Fund; Subscriptions Open Today

Wednesday 1 April 2026 09:16
Bokra Disrupts Gold Savings in MENA with ”Al-Shakmagia” Fund; Subscriptions Open Today

Bokra, the MENA region’s first goal-based digital savings platform, has officially launched its new precious metals fund, "Al-Shakmagia." Starting today, April 1st, 2026, the fund opens for subscriptions with a target size of EGP 10 million. Designed to democratize gold ownership, Al-Shakmagia allows individuals to save in physical 24-karat gold with a starting point as low as EGP 1.

The Sharia-compliant fund ensures that all investments are backed by physical gold bars held in high-security vaults. Ayman El-Sawy, Founder and CEO of Bokra, highlighted that the fund aims to remove the traditional complexities of gold investment. "With Al-Shakmagia, we provide a smart, gradual, and highly liquid path to long-term financial stability," El-Sawy stated. Subscriptions are currently available through the Bokra app for existing users and will open to the general public on April 15th via a network of premier financial institutions, including Bank of Alexandria, Mubasher Trade, and Ahly Pharos.