UK's first Islamic Property Fund

Integrated Property Investments Ltd (IPIL) and Fyshe Crestar, the UK's only Shari'ah complaint stock-broker, have announced that, from today, investors will have access to the country's first property investment product structured to adhere to Islamic law.

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LONDON, UK (PRWEB) February 15, 2004 -

Integrated Property Investments Ltd (IPIL) and Fyshe Crestar, the UK's only Shari'ah complaint stock-broker, have announced that, from today, investors will have access to the country's first property investment product structured to adhere to Islamic law. The Beacon 1 Limited Partnership Fund will invest in commercial property across the UK, with the aim of delivering an annual distribution of 7.5% throughout its seven-year life.

Acting as the sole distributor of the Beacon 1 Limited Partnership Fund to the IFA community, this product will complement Fyshe Crestar’s existing stock broking services by offering clients direct access to a professionally managed commercial property fund.

Dr Hardeep Tamana, Chief Executive of Fyshe Crestar, commented:

“With around 2 million Muslims currently living in the UK, the range of investment opportunities open to them that comply with their religious beliefs has historically been quite limited. The Beacon 1 Limited Partnership Fund gives the community the opportunity to invest for the longer term in the asset class of Commercial Property. We are anticipating that this will be of great use for those investors looking to develop a SIPP or SSAS.”

Commercial property is seen by many as being a greatly under-used sector for private investment, offering good yields. Because of this, it is hoped that the fund will appeal to a wider audience beyond the Islamic community.

Suleiman Dualeh, of Integrated Property Investments Limited, commented:

“The fund will be managed in compliance with Islamic law – for example we will not rent properties to organisations involved in trades such as alcohol, tobacco or the preparation of pork products. However, this in no way means that only the Muslim community can invest with us – we believe the fund presents a highly viable proposition for investors regardless of their religion.”

The fund, which is an unregulated collective investment scheme, will be managed by London-based Integrated Property Investments Limited (IPIL), an established team of property, investment and financial professionals. The Principals of IPIL have over 50 years combined experience, and along with the management have invested in excess of US$ 1.5bn in real estate, which generated returns of over 20% p.a. on liquidation.

The minimum investment in the fund will be £10,000, with a total of at least £3m needed to progress. Subscriptions will close by March 31st 2004.

ABOUT INTEGRATED PROPERTY INVESTMENTS LIMITED

IPIL (Integrated Property Investments Ltd) is a dedicated Property Manager. It has acquired a significant property portfolio of its own, part of which it has syndicated to private investors. The Principals of IPIL have considerable professional experience in real estate investment and management gained through their executive roles in leading financial organisations.

ABOUT FYSHE CRESTAR

Fyshe Crestar is an Asset Manager based in London, which offers a bespoke investment service to both private clients and institutions. It specialises in creating investment portfolios, and where appropriate, allowing them to be held in tax efficient forms such as SIPP’s, PEP’s or ISA’s. Fyshe Crestar was established to provide a dedicated service to those investors looking for access to Shari’ah Compliant investments.

Fyshe Crestar is a division of Fyshe Horton Finney Ltd. Fyshe Horton Finney is a member firm of The London Stock Exchange, OFEX and APCIMS, and is authorised and regulated by the Financial Services Authority. The Group currently has offices in London, Leeds, Liverpool, Birmingham, Northampton, and Ilkley. The company’s history dates back to 1896.

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For further details, please contact:

Tony Cross, Monk Communications – 01295 811 825 or 07973 284 749

Hardeep Tamana, Fyshe Crestar – 020 7549 2850 or 07939 105585

Suleiman Dualeh, Managing Director, Integrated Property Investments Limited – 020 7235 1677


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