Kuwait Finance House, Bahrain (“KFH-Bahrain”) – a leading provider of Islamic commercial and investment banking services – announced today the launch of a new and highly innovative asset management product -- in the form of a Master Restricted Mudarabah Investment Account – aimed at providing investors the opportunity to capitalise on the strong growth and performance of the real estate sector both within Bahrain and across the GCC region.
The first of such accounts to be introduced is the Landmark One, an exciting investment including one of Bahrain’s most prominent real estate projects. This newly launched product by KFH-Bahrain has a number of unique investment features unlike other Islamic asset management products currently available in the market today. It offers a greater investment choice including the ability to choose from a wide selection of investments, a diverse range of returns and cash flows as per investor appetite, various liquidation options such as flexible exit opportunities and highly collateralised asset backed investments that limit risks.
Investors’ funds through the Landmark One and other Master Restricted Mudarabah Investment Accounts that will follow will be deployed alongside with KFH-Bahrain’s own monies on a co-investment basis in the development of major real-estate projects throughout the GCC region.
Specific investment features of Landmark One include minimum investment of only BD1,000 so as to provide the broadest range of investors access to participation, periodical cash yielding payments, floating rate of return with early exit options, including semi annual, annual and bi-annual – all features aimed at providing investors with enhanced flexibility and access to the lucrative GCC real estate market.
Commenting on the announcement, Mr. Fuad Taqi, Assistant General Manager of KFH-Bahrain said, “It is the mission of KFH-Bahrain to support infrastructure growth and progress in the local and regional economies whilst simultaneously providing a wide range of products to the Islamic banking industry as well as superior risk-adjusted returns for this type of investment. We believe that in creating the Landmark One, we have introduced a product that will help us achieve both these goals.”
KFH-Bahrain employs and actively pursues a regional and international investment strategy that allows investors access to a diverse range of investment products – all of which are designed to deliver strong returns and enhance the reach and profile of the Islamic banking industry.
