Principal Islamic USA Property Fund

General Information

The Fund seeks to provide income by long term yield-oriented indirect investments in apartment buildings in the USA, through Murabahah transactions (on the basis of Wakalah), catered to the middle-income working-class population, while conforming to Shariah principles.

The Fund will invest up to 100% of its NAV indirectly in the Real Estate Portfolio through commodity Murabahah transactions (on the basis of Wakalah).

Fund Details

Investment ManagerPrincipal Islamic Asset Management Sdn Bhd
Initial Offer Date18 March 2021
Offer Period31 July 2022
Fund DomicileMalaysia
Base CurrencyUSD
Minimum InvestmentUSD10,000,000
Income DistributionQuarterly


Fund Codes

ISIN CodeBloomberg Ticker


Fund Fees

Management FeeUp to 0.3% per annum of the Fund’s NAV
Property Asset Management FeeUp to 0.7% per annum of the Fund’s NAV