Gulf Investment House and Innovest Capital are on the cutting edge of developing the most efficient and innovative Shari’a compliant investment structures that adhere to Islamic principles and coherent to the US business environment.

Development

Our development structure has been utilized in our medical office fund program. Under this structure, GIH capital is contributed to the Development Project via forward purchase agreements and is categorized as a deposit. The deposit is used as the Developer’s equity requirement. The forward purchase agreements are executed as the Development Project is complete and sold to a third party or refinanced by the Developer. The documentation allows GIH capital to function as the traditional limited partner role.

Acquisition

Our acquisition structure has been utilized in our condominiums fund program where an apartment complex is acquired and converted to “for sale” condominiums. The key component of the acquisition structure is the separation of project level debt from GIH investors through the use of a lease structure. Under this structure, the equity is contributed as a “down payment”. Put/call provisions are utilized to allow for the acceleration of the lease for asset sale or loan maturity. The documentation allows GIH capital to function as the traditional limited partner role.