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THE FUND
The
International Leasing Fund is an open ended Fund established
in adherence with
the Sharia’ (Islamic) laws.
FUND'S
OBJECTIVES
1)
To invest in diversified financial leases of capital assets in the
medium term.
The Fund may also invest in non-financial leases operations at the
description of the Mudarib
2)
To provide an opportunity of earning attractive return with average
risk through
carefully selected leasing transactions.
3)
To enable investors to participate in large and diversified
investment activities
even if they participate with small amounts.
4)
To enable investors to liquidate their subscriptions at repurchase
prices declared by
the Mudarib.
PORTFOLIO
COMPOSITION
A cursory review of the International Lease Market over the past
Interval, reveals the substantial role of the various Mudaraba
transactions and Trade sectors in the lease market.
REVIEW
Performance of this Fund has maintained its good level, which reached
5.34% with slight decline compared with the previous quarter
MATURITY DISTRIBUTION
UNIT
PRICE TREND
|
DATE |
UNIT PRICE |
| 30 June 04 |
1020.731 |
| 31 July 04 |
1017.270 |
| 31 Aug. 04 |
1017.576 |
| 30 Sep. 04 |
1017.784 |
| 31 Oct. 04 |
1018.302 |
| 30 Nov. 04 |
1021.874 |
| 31 Dec. 04 |
1017.247 |
| 31 Jan. 05 |
1016.591 |
| 28 Feb. 05 |
1014.845 |
| 31 Mar. 05 |
1014.890 |
| 30 Apr. 05 |
1015.080 |
| 31 May 05 |
1015.389 |
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