SURFu – Starlight US Residential Fund

Not Compliant

Starlight US Residential Fund is not Shariah Compliant because of its involvement in Closed End Funds and related activities.

Starlight U.S. Residential Fund (the Fund) is a Canada-based closed-end trust. The Fund’s investment objectives are to indirectly acquire, own and operate a portfolio primarily composed of income producing multi-family and single- family residential rental properties in the United States residential real estate market that can achieve significant increases in rental rates as a result of undertaking high return, value-add capital expenditures and active asset management. The Company owns a portfolio of multi-family and single-family residential rental properties in the United States of America residential real estate market located primarily in Arizona, California, Colorado, Florida, Georgia, Idaho, Nevada, North Carolina, Oregon, South Carolina, Tennessee, Texas, Utah and Washington. The Company operates approximately 42 single-family residential rental homes in Atlanta, Georgia. The Fund is managed by Starlight Investments US AM Group LP.

AAOIFI ✗

Debt ÷ Market cap (MC)8888.81
Non-Compliant Assets ÷ MC

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