|
TAJEER SUKUK |
|
Tajeer Sukuk |
Offering
investors an opportunity to invest in securitized leasing transactions of
Tajeer Company. |
| Sukuk
Tranche Objective |
To purchase & securitize assets
of Tajeer for investors in this Sukuk for 2 years. |
| Sukuk
Assets |
Assets leased by Tajeer Company
Ltd., Jeddah, Saudi Arabia. |
|
Tajeer Company |
A limited
liability company registered in Saudi Arabia; Paid up capital SR84.5
million; &Total Assets SR152 million, as of 31/12/2003. |
| Sukuk
Price |
US$100 |
|
Minimum Subscription |
US$100,000 / 1,000 Sukuk ((
individual))
US$250.000 / 2,500 Sukuk ((corporations)) |
| Sukuk
Redemption Mechanism |
Sukuk will be redeemed over 2/3
years from subscription closing , with semi-annual repayments of principal
and profit starting six months after closing. |
|
Returns |
5% net IRR to the investors. |
|
Trading |
Sukuk can be traded via a
secondary market operated by RUSD Bank. |
|
Mudarib,
Underwriter &
Placement Agent |
RUSD Investment Bank Inc.
Level 13(C1) Main Office Tower
Financial Park Complex, Jalan Merdeka
87000 WP Labuan, Malaysia |
|
Sharia Advisor |
Professor Mohamad Daud Bakar and
sheikh nizam yagoobi |
|
Mudarib Auditors |
KPMG; Labuan, Malaysia |
