The Rasheed (or Rashid) is a semi-automatic carbine, derived from the Hakim Rifle and used by the Egyptian military. Only about 8,000 Rasheeds were produced, making it a very rare rifle. As of 2014 a carbine was valued at approximately US$700 to 1,000, depending on condition. Around 8,000 were made.
The Rasheed was designed by the Swedish engineer Erik Eklund, who based it on his previous Hakim Rifle (8×57mm Mauser cartridge), which was itself a slightly modified version of the Swedish AG-42 Ljungman rifle (6.5×55mm Swedish cartridge).