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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