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BLME launches first Islamic fund to invest in sustainable property

Posted on 23 May 2011

Bank of London and The Middle East (BLME) has launched its Light Industrial Building Fund (LIBF), a Shari’ah-compliant UK real estate fund which invests in sustainable property assets.
The LIBF, which targets institutional investors, invests in carefully selected light industrial buildings across the UK. The target cash on cash yield is eight per cent to 10 per cent per annum, with quarterly cash dividends paid to investors. Target IRR (Internal Rate of Return) is 15 per cent for the five-year duration of this closed-ended fund……………………………………….Full Article: Source

 
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