::Tabarak::

13.4.08
Tabarak coming soon.. Tabarak coming soon..

13.4.08
Tabarak coming soon.. Tabarak coming soon..

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Name of Transaction	Shariáh Compliant Shipping Fund
Nature of Transaction	Fixed Income asset back Islamic Fund
Size of Transaction	$ 30+ million
Type	Close End Fund
Expected Return/Return since inception	Approx. 8.5% per annum
Description	The Fund derives its income from the lease of ocean going vessels. The vessels are leased at pre-determined bareboat charter rates and the prices at which they will be purchased by each lessee at the end of the lease are pre-agreed, which provides certainty of income and redemption. The lessees' guarantors are financially strong shipping companies and the vessels are modern assets with expected working lives considerably in excess of the lease periods.

This is to ensure the products that we choose to structure and make Shariáh compliant are of the highest caliber, in respect of performance track record, regulation, management and future returns

This service extends to providing a guide on likely costs involved in launching a Shariáh compliant product, including the cost of structuring, procuring a Fatwa and placing an appropriate Shariáh Board on the product.