Islamic Global Real Estate Securities Fund SPC - National Bank of ...

Islamic Global Real Estate Securities Fundthe fund manager, the fund advisor AND their respective affiliates, arenot liable for losses related to any such investment risks. the fund is aseparate legal entity from the Distributor, the fund administrator, theFund Manager, the Fund advisor and their respective affiliates. The fundmanager will hold all of the voting shares of the fund. The shares beingoffered hereby are non-voting shares, meaning that, among other things,holders of the shares will not be entitled to vote for the election ofdirectors of the fund.The SHARES being offered to prospective INVESTORS are subject torestrictions on transfer and resale and may not be transferred or resoldexcept as permitted under the terms of this placement memorandum andthe articles of the fund AND, IN ANY CASE, SUBJECT TO APPLICABLE securitieslaws OR pursuant to registration or exemption therefrom. the fundis an open-ended fund, meaning that INVESTORS will have the right toredeem their shares on the terms and subject to the restrictions hereinspecified.No part of this placement memorandum constitutes financial, tax orlegal advice to any prospective investor. Each prospective investorshould consult such investor’s own financial advisor, legal counsel,shariah advisor and accountant as to financial, tax, legal, shariah andrelated matters concerning a proposed investment in the shares. Inaddition, although the fund will endeavor to ensure that its investmentscomply with the shariah criteria, no assurance can be given that all ofthe investments will at all times comform to such criteria or that suchcriteria, as approved by the shariah supervisory board, will be acceptableto other shariah advisors, including any shariah advisor to a prospectiveinvestor.No person or entity has been authorized to give any information orto make any representation relating to this offering on behalf of thedistributor, the fund administrator, the Fund Manager, the fund advisoror The fund other than the information and representations included inthis placement memorandum and, if given or made, such information orrepresentations must not be relied upon as having been authorized by thedistributor, the fund administrator, the Fund Manager, the fund advisoror the fund. Any offering literature provided to a prospective investorprior to, in conjunction with, or subsequent to, the delivery of thisplacement memorandum is subject in all respects to the terms, conditionsand provisions of this placement memorandum.Information relating to the fund is based on the beliefs of the distributor,the fund administrator, the Fund Manager, the fund advisor and thefund, as well as assumptions made by, and information currently availableto, the distributor, the fund administrator, the Fund Manager , the fundadvisor and the fund. when used in this placement memorandum, thewords “anticipate”, “believe”, “Estimate”, “intend”, and words or phrases ofsimilar import, as they relate to the fund or the investments to be madeby the fund, are intended to identify forward-looking statements. suchstatements reflect the current risks, uncertainties, and assumptionsrelated to certain factors including, without limitation, competitivefactors, general economic conditions, market conditions, one-timeevents, and other factors described herein, particularly in the sectionentitled “Certain Risk Factors”. based upon changing conditions, shouldany one or more of these risks or uncertainties materialize or should an