Mercan fund gets Shariah certification

CANADA: The Mercan Private Equity Fund I was Shariah certified as its Class A1 shares are based on the Sukuk al-ljarah model providing fixed return on limited investment and the Musharakah model Class A2 shares operate on profit/loss sharing after completing five years of the project. “This offering provides an opportunity for investors who adhere to Islamic principles to participate in the Portugal Golden Visa Program while ensuring their investments are Shariah-compliant.” The mainstay of the Mercan Group is the offering of immigration services.