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Sustainable Capital to launch Shariah compliant agro forestry and sustainable resources fund

Wednesday, July 11, 2012
Opalesque Industry Update - Sustainable Capital S.A., Luxembourg, today announced the imminent launch of a new agro forestry and sustainable resources investment fund “The Sustainable Resources Fund” (The Fund). The initial offering period commences on 23rd July 2012.

The Agro Forestry sector is now well recognised as an asset class investment, and is advantageously not correlated to equities, giving well informed investors interesting opportunities in natural resources.

As Investment Advisor to The Fund, Sustainable Capital S.A. has the objective to provide good capital growth by investing in a portfolio of forestry, agriculture, biomass, farmland and other sustainable resource assets globally.

The Fund is Shariah Compliant and will be investing in diversified projects, mixing high margin growth in Asia & Africa with mature cash generating projects in North America and Europe. The Fund will not seek to raise debt finance, nor will any interest be paid to investors.

“All projects will be required to pass strict ethical, environmental and commercial due diligence tests”, announced Michael Young, Fund Advisor to The Sustainable Resources Fund, “as well as the additional strict Shariah Investment principles”.

The Sustainable Resources Fund “will include a percentage of listed equities to provide additional liquidity for the Investment Advisor and fund investors” stated Young “the target return, net of fund fees, is at least 15% per annum”.

(press release)

The Sustainable Resources Fund is a sub-fund to the Amiri Shariah Investment Platform which is a Luxembourg-registered “Société d’Investissement à Capital Variable” organised under Luxembourg Law of 13th February 2007 relating to specialised investment funds (SICAV-SIF) and regulated by the “Commission de Surveillance du Secteur Financier” (CSSF), the Luxembourg financial services authority.


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