::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	Standard Bank-Tricon Class C Shares for Islamic Trade & Commodity Finance
Nature of Transaction	Enhanced Murabaha Trade Finance Fund
Size of Transaction	$ 229 million
Type	Open End Fund
Expected Return/Return since inception	LIBOR+200 bps
Description	The investment objective of the Fund is to maximize risk-adjusted investment returns through investing in Metals Certificates purchased from a Qualified Metals Trader and then, subsequently selling such Metals Certificates at a profit in exchange for one or more Payment Certificates collateralized from an Approved Counterparty whose recourse is guaranteed by a sovereign government, bank, senior tier multinational and/or state owned entities.

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.