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Name of Transaction Standard Bank-Tricon Class C & D 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 subsequently selling such Metals Certificates at a profit in exchange for one or more Payment Certificates collateralised from an Approved Counterparty whose recourse is guaranteed by a sovereign government, bank, senior tier multinational and/or state owned entity.


 
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.

 
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