Amlak First Real Estate Fund to be launched
Amlak Finance PJSC has announced the launch of a $75 million fund under the Islamic Shariah rules of Ijarah to focus on investing in Dubal's booming real estate sector.
Mohammed Ali Al Hashimi, CEO of AMLAK Finance, said the close-ended AMLAK First Real Estate Fund would be an ideal vehicle for individuals or corporate investors who aim to achieve medium term capital growth through investment in the Emirate's robust real estate sector.
The term of the fund will be for three years, with a minimum projected Ijarah rate of return of six per cent. The fund, designed to appeal to all investors looking for capital growth with acceptable risk parameters, has a minimum subscription of $25,000.