UK: Cordoba Capital Markets just launched its seventh profit participating note (PPN) since this Shariah compliant instrument was first made available in November 2024. The latest PPN aims to raise US$5 million, with US$3 million initial deployment to scale US staffing in the energy sector for a UK-based firm operating in 42 nations mainly on cash collections. With a 12-month tenor, the quarterly returns range from 10% to 12% with quarterly distributions. Minimum ticket is US$100,000 for sophisticated investors.
Categories:
Asset ManagementRestricted Access
Login to continue reading (existing subscriber)
Subscribe NOW and get:
- Gain unlimited access through all key operating platforms
- Full access to all listed Islamic funds & fund profiles
- Unlimited access to all Islamic fund managers
- Access to all exclusive articles, reports, podcasts & videos
- Complimentary access to all IFN Investor Forums
