Investment Highlights
|
Fund's Name |
GCC
Leasing Fund 2 |
|
Fund's Currency |
US
Dollar |
|
Type of Fund |
Open-End |
|
Legal Control |
Transaction are audited by Ernst & Young and the consulting Center
for Finance and Investment (Dr. AbdulAziz AlDakheel). |
|
Sharia Guidelines |
Subject to control and monitoring of the United Sharia Panel Of
Dallah AlBaraka Group. |
|
Reporting |
The
Fund provides the investors with quarterly report and audited
annual financial statements. |
Why Invest in International
Markets Through AlTawfeek
Company ?
|
AlTawfeek is a pioneer in
launching Sharia
compliant investment
funds, which outperformed international indices.
|
|
AlTawfeek participated in Structuring & launching Sharia complaint
products in cooperation with renowned international institutions.
|
|
The
Fund's Sharia Board has published many researches and studies in
the field of Sharia compliant investing in international markets.
|
|
AlTawfeek launched four funds specialized in international
equities covering most of the international markets.
|
Fund's Features
Realization of competitive
capital gains and operational returns.
Low risk since the investment portfolio is invested in fixed
assets.
Easy participation and withdrawal.
High transparency with complete disclosure using periodic reports and
web site.
Recognized international law and accounting firms auditing and
verifying.
Zakat Payment is calculated based on Profit realised and not the
capital
|
The
Fund |
GCC
Leasing Fund is an open-ended investment fund based on Islamic
Sharia Ijarah(leasing). |
|
Authorized Capital |
US$ 100 million |
|
Issued Capital |
US$ 50 million |
|
Initial Unit Price |
US$ 1 |
|
Minimum Participation |
US$
10,000 |
|
Minimum for withdrawal & Addition |
US$
5,000 |
|
Fund's Term |
Open-end |
|
Investment Location |
GCC States |
|
Time for Profit Distribution |
Annually, at
the end of February |
|
Minimum period for investment |
Three
Years |
|
Withdrawal |
At the
end of each fiscal quarter, after lapse of three years from the
date of participation |
|
Trading |
At one
year from date of participation, the Mudarid shall receive 1%
trading fee |
|
Mudarib's Share in Profits |
18% |
|
