Investment Highlights
|
Fund's Name |
International Leasing Fund |
|
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 operational
and capital returns.
Low risk since the investment portfolio is invested in fixed
assets.
Easy participation and withdrawal.
Recognized international law and accounting firms audit verify all
transaction in the fund.
High transparency with complete disclosure using periodic reports and
web site.
Zakat Payment is calculated based on the Profit realized and not on the
capital
|
The
Fund |
International Leasing Fund is an open-ended investment fund based
on Islamic Sharia (Mudarabah). |
|
Issued Capital |
US$ 50 million |
|
Initial Unit Price |
US$
1,000 |
|
Minimum Participation |
25
Units |
|
Minimum for withdrawal & Addition |
1 Unit |
|
Fund's Term |
Open-end |
|
Investment Location |
World-wide |
|
Time for profit distribution |
End of each
Gregorian month |
|
Minimum period for investment |
One
Year |
|
Withdrawal |
At the
end of each fiscal quarter, after lapse of one year from the date
of participation |
|
Trading |
At any
time, the Mudarid shall receive 1% trading fee |
|
Mudarib's Share in Profits |
18% |
|
