Islamic Products
	INTRODUCTION

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Wafra has strong ties to Islamic financial institutions and a thorough understanding of Islamic investment principles, restrictions and guidelines.

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This experience and understanding combined with Wafra's U.S. investment managers' professional skills give it a clear competitive advantage in serving investors with assets to be managed in accordance with Islamic principles.

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For the past seven years, Wafra has been managing Islamic real estate investments for Gulf state investors. It now aims to expand that activity to other parts of the world.

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Wafra as well manages several Islamic Leasing Portfolio Strategies. Leasing Portfolio Strategies are governed by a Sharia Advisory Board and invests in U.S. equipment leasing transactions in accordance with the principles of Ijara, or Islamic leasing. These Leasing Portfolio Strategies invests in a diversified portfolio of U.S. equipment lease transactions and may invest in lease originator companies.

Wafra Investment Advisory Group, Inc.
345 Park Avenue, 41st Floor New York, New York 10154-0101