QInvest’s Income-generating Ijarah Fund oversubscribed
March 19, 2017
Qatar-based QInvest, has successfully launched its QInvest SQN
Income Fund (the “Fund”), with it being oversubscribed.
The Fund, which is a Shari'ah compliant closed-ended fund, provides
an opportunity for investors to access income generating assets
in developed markets. It aims to pay out a net yield of seven
per cent per annum on a monthly basis and has a targeted IRR of
between eight per cent and nine per cent, with a tenure of five
years. The Fund was launched in collaboration with SQN Capital
Management, a global asset-based investor and fund manager.
“In response to the growing investor demand for more innovative,
income-generating, Islamic products, QInvest is proud to expand
its product offering and bring to the market a fund that
provides attractive returns and a regular income distribution,
all within a relatively conservative investment profile. It also
provides investors with concentrated portfolios with means of
diversification and risk mitigation,” said Tamim Hamad
Al-Kawari, Chief Executive Officer of QInvest.
The Fund invests in the leasing and financing of
business-essential, long-life, revenue producing equipment
across developed markets. The fund is designed to deliver
non-correlated returns through diversified investments across
various industries including, but not limited to, healthcare,
manufacturing, and agriculture, in a manner that avoid
cyclicality.
“This partnership with SQN allows us to offer our investors a
compelling investment opportunity, which combines our Islamic
structuring expertise with SQN’s equipment leasing proficiency.
SQN is an asset finance and equipment leasing specialist with a
long track record in the equipment leasing sector. It is very
much in line with our strategy to build relationships with
leading distribution partners across the globe, to ensure we
bring the most innovative and diversified products to our
investors,” said Dr. Ataf Ahmed, Managing Director and Head of
Asset Management at QInvest.
On the back of the strong demand from investors, QInvest plans to
launch another fund in the same series later this year.
“SQN is proud to be partnering with the globally recognized Asset
Management team at QInvest to bring high-quality programs to
sophisticated investors seeking regular income with downside
protection. This collaboration with QInvest provides us with an
exciting opportunity to develop a distinctive investment
proposition for investors in Qatar and across the GCC. We look
forward to a long and collaborative partnership,” said Jeremiah
J. Silkowski, President and Chief Executive Officer at SQN.
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