Thahabi Ijara Fund V
The investment objective of the Fund is to provide Investors with reliable and attractive monthly returns by participation in the WEIF16, which invests selectively in Ijara transactions that satisfy the requirements of the Islamic Shariah and which are approved by the Shariah Board. As described above, the Fund expects to repay Principal at the end of the Fund Term.
The Fund seeks to invest all of its assets in the purchase of equipment or portfolios of equipment which, in turn, are leased to diversified lessees. The Fund will select high quality lessees, with a particular focus on "Fortune 1000" companies and companies that are found to be of high credit quality. The equipment portfolios of the Fund will have a diverse range of leases and equipment types, thus reducing overall Fund risk. The entire portfolio will be invested in accordance to Islamic Shariah principles and overseen by a board of Shariah scholars.
|Performance as of 30 April 2013||Fund|
|Cumulative Return Since Inception||30.92%|
|Annualized Return Since Inception||7.00%|
|Annualized Monthly Return||7.00%|
|Annualized YTD Return||7.00%|
|1 Year Return||7.00%|
|3 Year Return (annualized)||7.00%|
|5 Year Return (annualized)||N/A|
NAV US$ 10.00 since inception