FAQs about the Islamic Asian Real Estate Fund

1. What is Islamic Asian Real Estate Fund (the "Fund")?
It's a close-ended investment vehicle that seeks to achieve current income and capital appreciation from a portfolio of investments in Asian real estate in accordance with Islamic Shari'ah principles. The Fund is a long-term investment vehicle designed to achieve an expected IRR of 14-16% per annum with an expected annualized net quarterly distribution of 4% growing to 8% by the end of the investment period and 8-9% thereafter.

2. What are the benefits of this Fund to investors?

• Investing in a diversified portfolio of high quality office buildings and residential real estate properties in exclusively first-class inner-city locations in Asian countries.
• Diversification of risk by spreading a single investment between multiple properties across multiple countries.
• Management by one of the best real estate investment firms, TMW, which is a premier international real estate investment firm fully owned by Prudential Financial Inc, with US$22 billion of assets under management.

3. How do real estate funds work?
A number of unrelated investors club together and place their money in a pool-the "Fund". The total amount is then managed by a fund manager and invested according to the respective investment policy in various properties. Each investor is a co-owner of a real estate portfolio with prime properties in proportion to the amount he/she has invested.

4. What is the minimum amount that can be invested? Is there a maximum amount?
The minimum amount one can invest is US$ 500,000.

6. Will income be distributed on a quarterly basis?
Yes.

8. Is the Islamic Asian Real Estate Fund available to NBK customers only or open to all?
As much as NBK is very much concerned about offering new products to its customers, we are always happy to see everybody making use of such investment opportunity. Therefore, investment in the Fund is open to all investors, Kuwaitis or residents (with the exception of US citizens and UK residents), whether they are NBK customers or not. An NBK account will be opened to settle fund transactions. One can obtain brochures and other informational materials from any NBK branch. For further details please contact your Relationship Manager or call 801801 24 hours a day.