| Boubyan Funds > 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
Minimum Investment : 5,000 Units
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 & Redemption : Annually after the Hajj season
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