First Sharia compliant OPCI in France

The newly introduced Sharia compliant structured OPCI vehicle, considered the first of its kind in France, has been set up for a large bank in Kuwait. The first investment in the OPCI is an office building located at 91, boulevard Saint Michel, Paris 5e. The building was sold by Foncière des Régions for roughly €46 Million. The acquisition was partially leveraged by way of a Murabaha loan - a Sharia compliant loan facility structure that is primarily comprised of principal plus a fixed profit margin - with non-interest bearing outlay. “With this innovative operation, La Française AM p...