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QInvest’s income-generating Ijara fund oversubscribed

It aims to pay out a net yield of 7% per annum on a monthly basis and has a targeted IRR of between 8-9%

Gulf News

Dubai: QInvest, Qatar’s leading investment group, said it has successfully launched its QInvest SQN Income Fund, with it being oversubscribed.

The Fund, which is a Shariaa compliant closed-ended fund, provides a unique opportunity for investors to access income generating assets in developed markets. It aims to pay out a net yield of 7 per cent per annum on a monthly basis and has a targeted IRR of between 8-9 per cent, with a tenure of 5 years. The Fund was launched in collaboration with SQN Capital Management, a global asset-based investor and fund manager.

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, health care, manufacturing, and agriculture, in a manner that avoid cyclicality.

On the back of the strong demand from investors, QInvest plans to launch another fund in the same series later this year.

Attractive returns

“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,” Tamim Hamad Al Kawari, Chief Executive Officer of QInvest, said in a statement.

“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,” Dr Ataf Ahmad, Managing Director and Head of Asset Management at QInvest, said in a statement.

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