Emirates Islamic Bank has launched a new real estate investment fund which will investment in property along the principles of Shariah law.
The new fund, which is registered in Jersey and managed by Belgravia Asset Management, will investment mainly in property based in the United Arab Emirates.
The fund is open to both institutional and individual investors with a minimum investment of US$100,000. Minimum top-up investments are set at US$25,000. In addition to capital growth, the fund will target an income distribution of 7% per year, which will be paid on a bi-annual basis.
“The UEA has been one of the market leaders for property development and innovation in the region," commented Mr Ebrahim Fayez Al Shamasi, CEO of Emirites Islamic Bank.
"The success of residential and commercial developments over the last three years has proved the increasing popularity of this asset class amongst investors in the Middle East," he added.
A comprehensive report in our Intelligence Report series examining offshore investment, offshore stock exchanges, and hedge funds is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report9.asp
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment