| Tajeer Sukuk |
Offering investors an opportunity to invest in securitized leasing
transactions of Tajeer Company. |
| Tranche 7
|
Target Capital US$1.6 million |
| 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. |
| Number of Sukuk to
be issued |
16,000 |
| Sukuk Price
|
US$100 |
| Minimum
Subscription |
US$100,000 or 1,000 Sukuk |
| Subscription Period
|
8th
May, 2004 to 2nd June, 2004. |
| Sukuk Redemption
Mechanism |
Sukuk will be redeemed over two years from subscription closing on 2nd June
2004, 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 |
| Mudarib Auditors
|
KPMG; Labuan, Malaysia |
| Attachment
|
Weekly Sukuk Prices of previous tranches |
