UK: Fractional property investment platform, Shojin, structured and funded its first Shariah compliant real estate investment. Involving a mezzanine funding package for a 250-unit residential development in Greater Manchester with a net development value of GBP69.5 million (US$92.56 million), this investment was split between a conventional bond investment of GBP2 million (US$2.66 million) and a commodity Murabahah structure for GBP2.2 million (US$2.93 million).
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