Fund Name: Boubyan Real Estate Sukuk Fund
Fund Description:
To provide investors with the unique opportunity to invest in the booming Mecca hotel industry during the Hajj season.
Fund Manager:
Boubyan Bank
Fund Tenure:
12 years
Unit Price:
USD 1,001.18 as of 18th June 2008
Minimum Investment:
Individuals USD 25,000; Institutions USD 500,000
Subscription Rights:
Open to all groups & nationalities
Target Annual Distribution:
9 – 10%
Expected IRR:
12-14%
Distribution and Redemptions:
Annually after the Hajj season
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