KUWAIT, 2 October 2007 — Global Investment House (Global) launched the Global Real Estate Ijarah Fund taking advantage of the Middle East & North Africa (MENA) real estate sector and Islamic financing competences.
Sameer Al-Gharaballi, executive vice president at Global, said in a statement yesterday that the new fund has two unique elements that are considered pillars in current economic prosperity in the MENA region — investment in real estate and Islamic Shariah financing tools.
He added that the MENA Real Estate Ijarah Fund seeks competitive returns and capital preservation by utilizing the sophisticated Ijarah Structure.
“Global believes that real estate investments remain the workhorse of economic growth despite periodic market fluctuations and downturns, and the recent US real estate crises.”
“Merged with the Islamic financing concept of Ijarah and Global’s vast experience in fund management, the new fund is geared to fulfill its investment objectives of providing investors with stable and relatively secure returns.”
