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Name of Transaction STIC Pioneer Fund II, L.P.
Nature of Transaction Shariáh Compliant Venture Capital Technology Fund
Size of Transaction $ 200 million
Type Close End Fund
Expected Return/Return since inception 48% IRR
Description A Shariáh compliant venture capital fund that generates superior financial returns by investing in a highly selective portfolio of technology companies, especially those with Korea-leveraged technology that create value through connections to South Korea. Investments targeted are in South Korea, China and Taiwan.


 
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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