The investment objective is to provide investors with an absolute return over their investment period which will be variable and determined by the underlying asset.  For example, KIF may enter into ‘quick flip’ deals or long-term capital appreciation transactions, in any case investors will be advised of the strategy for that specific transaction when subscriptions are issued

The fund management team will invest in real estate projects within the UAE and surrounding regions.  Initially focus will be given to the continued growth within the UAE, notably Dubai and Abu Dhabi.  As the fund grows and more exposure can be attained, the remaining emirates and surrounding regions such as Oman and Qatar will be explored for attractive investment opportunities. 

• The management team will aim to adhere to strict financial principles of diversifying exposure within its portfolio.  This will comprise of a fair spread of commercial and residential projects across various locations within the region

• The fund will invest in ‘off-plan’ projects that are being developed by state backed developers only, staying clear of the smaller developers that are vulnerable to price fluctuations of raw materials

• The fund shall explore opportunities in the secondary market and by rule of thumb pay a premium no higher than 10%, unless reviewed by the board

• The underlying currency of the fund’s units will be driven by the market the management team is planning to invest in for any particular phase.  Initially it will be the UAE and eventually surrounding states such as Oman whereby the underlying currency will be the Omani Riyal. 

• The investment term shall be variable

• Subscription windows are planned at quarterly intervals but will be primarily driven by available opportunities

• The management team and board will regularly monitor the portfolio to ensure the above restrictions are not breached.  Where a breach has taken place immediate action will be taken to bring the fund back in line with its strategy

• The management team will have a periodic review with the board

• Regular newsletters and fund valuation reports will be distributed amongst investors, as well as updates being available on the web portal

• KIF will ensure all transactions are according to shariah law, an example would be to use non-interest based finance to leverage any purchase should this be required