Structured Finance Division
	PRODUCTSAND CAPABILITIES

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Drawing from the extensive experience of the managing director of this Division and the other Principals and resources of Wafra, this Division has:

- Created several leasing strategies that successfully combine the precepts of Islamic Sharia with the U.S. tax and legal structures of equipment leasing transactions.
- Developed structures to achieve high yields at relatively low risk utilizing; Real Estate Investment Trusts, Negative amortizing mortgages, Triple net leases, and a variety of other legal and tax arrangements.
- Assisted clients on a one-on-one basis to structure Islamic direct investment transactions to achieve special tax benefits within the parameters of the Sharia.

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Under development and consideration is a:

- Real estate "mezzanine tier" leasing product that will allow Islamic investors to participate in real estate mezzanine finance market on an Islamically compatible basis.
- Mezzanine tier debt product that will invest in special leveraged debt opportunities.
- Venture capital, venture leasing, and REIT investment structures.
- Principal guaranteed equity products, venture capital, and leveraged buyout transactions, among others.

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