SUBSCRIPTION WINDOW · 16 NOVEMBER 2026 TO 16 FEBRUARY 2027 · 100 INVESTORS MAXIMUMWINDOW · 16 NOV 2026 TO 16 FEB 2027 · 100 INVESTORS MAX
RE INCOME FUND I · DELAWARE FEEDER · RULE 506(c)
A Shariah-observant, debt-free fund that gives US accredited investors ownership of income-producing commercial real estate across the GCC. Diversification beyond one economy, profit paid twice a year, and long-term growth, with no riba and no leverage.
1.53x
TARGET MULTIPLE · BASE CASE, 4 YEARS
4 yrs
FUND TERM · CLOSED-END
0%
LEVERAGE · NO RIBA, ANYWHERE
$50K
MINIMUM · DIRECT OR IRA
REG D 506(c) · CMA license pending · AUDITED BY GRANT THORNTON · CUSTODY: FIRST ABU DHABI BANK · SHARIAH-OBSERVANT
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
01 · IN TEN SECONDS
A Shariah-observant, debt-free fund that gives US accredited investors ownership of income-producing commercial real estate in the GCC: diversification beyond the US economy, profit paid twice a year, and long-term growth, without leverage.
WHAT IS IT?
A fund intended to own essential real estate like warehouses, cold storage, workforce housing and healthcare facilities in the Gulf. CMA license pending.
WHY CARE?
Your job, home, 401(k) and rentals all ride one economy. This rides another.
TARGET RETURN
1.53x over four years, 11 to 13% target net IRR a year. Not guaranteed.
HOW LONG?
Four years, closed-end.
WHY DIFFERENT?
Four locks: an independent custodian holds your money, zero debt, operator-led, true asset ownership.
INVESTMENT SNAPSHOT
Invested capital is your subscription after the subscription fee. Full terms are in the Private Placement Memorandum.
Returns are targets after fund expenses, the performance fee and the subscription fee, not guarantees. No second layer of fees at the feeder. You can lose money, including your principal.
THE SHORT VERSION
Keep America as your first foundation. Build a second one outside it.
02 · THE PROBLEM
FEE LAYERS
Every product has a manager taking a fee before you see a return.
LEVERAGE STACK
Every leveraged fund is one bad cycle away from a margin call you did not model.
CERTIFICATE STAMP
Every "halal" label is a certificate on top of a structure that was never designed to be halal.
Picture two golf shops on the same street.
SHOP A · FOUR PRODUCTS
Sunscreen, sunglasses, sun hats, ice cream.
Four shelves, so it looks diversified. Then it rains, and nothing sells, because every product needed the same sunshine.
SHOP B · TWO PRODUCTS
Sunscreen and umbrellas.
When the sun is out, sunscreen sells. When it rains, umbrellas sell. The till rings every day.
Shop A owns more things. Shop B owns things that do not move together. Only Shop B is protected on a rainy day. That difference has a name: correlation.
DIVERSIFICATION COUNTS WHAT YOU OWN. CORRELATION ASKS WHETHER IT FALLS TOGETHER.
Count on your fingers: your job, your home, your 401(k), your business, your rentals. Five assets. One economy. One Fed. One set of rates. Five kinds of sun product.
For a Muslim investor it is tighter still. Bonds and interest-bearing savings are off the table, so many halal portfolios are US stocks plus a US home: fewer shelves, and every one of them needs the same sunshine.
The typical mix has drifted toward the tandem. The average correlation across a simple diversified portfolio has risen from about 0.16 in 2005 to about 0.65 today, and above 0.85 in a crisis.
You think you own 500 companies. You own ten, plus 490 passengers. The top 10 stocks are 40.8% of the S&P 500, above the 26.6% peak of the dot-com bubble (J.P. Morgan Asset Management).
Imagine you own a 500-unit building, and 10 tenants pay 40% of the rent. Would you call that diversified? Would your lender?
THAT IS THE S&P 500 TODAY: TEN COMPANIES CARRY ABOUT 40% OF THE INDEX
10 tenants · PAY 40% OF THE RENT
490 tenants · PAY THE OTHER 60%
Two bad years for ten tenants is a bad year for the building.
Your tenants' paychecks and rents ride the same economy as everything else you own. Layoffs reach rent collections. Higher rates squeeze tenants already carrying high credit card and car payments. This is not a comment on US real estate, which still offers strong value markets. A great building whose tenants all live in one economy is still one bet.
1971 Capital was built because we got tired of seeing disciplined investors forced into undisciplined products.
03 · WHY I BUILT THIS
I started in this business on site, close enough to the work to see what it actually takes to build, lease and run a building.
For fifteen years I watched the same pattern repeat. Disciplined investors placing capital with people who had never built, leased or managed anything themselves. Platforms selling access to deals they did not underwrite. Funds stacking fees across layers their investors could not see. When the cycle turned, the investors carried the losses and the managers still collected their fees.
I deployed USD 1.5B+ across 450+ deals into real assets across the United States and the UAE. Directly, on the ground. And I kept asking the same question: why is there no regulated platform that invests the way we invest privately, with no debt at the asset level, the operator accountable from purchase to exit, and every institutional safeguard in place?
The answer was that nobody had built it yet. So we did.
We named it after 15 August 1971, the day the United States closed the gold window and money became a promise. Since then the system has grown on debt, interest and middlemen. We built 1971 Capital on the opposite: real assets, no riba, no hidden layers.
I invest alongside you, on the same terms. If it does not work for you, it does not work for me.
Sam Amin
FOUNDER AND CHAIRMAN, 1971 CAPITAL
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
04 · THE SECOND FOUNDATION
If the US economy has a bad decade, what do you own that does not?
America is the deepest real estate market in the world, and it built the track record behind this fund: 15 years and hundreds of US transactions. We would tell anyone to own it. This is not about leaving America. It is about not resting everything you have built on one place.
FOUNDATION ONE · UNITED STATES
Your job, your home, your 401(k), your business, your rentals. One economy. One Fed. One set of rates.
FOUNDATION TWO · GCC
A different economy and a different source of demand, from people and capital moving in. No debt means no lender can force a sale.
47%
US SHARE OF WORLD STOCK MARKET VALUE (MOTLEY FOOL ASSET MANAGEMENT)
20 to 40%
OF STOCKS HELD OUTSIDE THE US, PER VANGUARD GUIDANCE (INVESTORMINT)
You spent years building your first foundation. A second one protects it, and your family, from one bad decade.
We are not predicting a crash. Everything you own shares the same risks, and some of those risks are growing.
| PRESSURE | WHAT THE DATA SAYS |
|---|---|
| Debt | Debt held by the public is about 100% of GDP, projected to reach 120% by 2036 (CBO, via the Bipartisan Policy Center) |
| Interest | The US now spends more on interest than on defense: about USD 1.0 trillion in 2026 (Peter G. Peterson Foundation) |
| Deficits | About USD 1.8 trillion, or 5.8% of GDP, in 2026 (Fortune, citing CBO) |
| Loans resetting | USD 875 billion of US commercial mortgages mature in 2026 (Mortgage Bankers Association). The asset is fine. The loan is the problem. |
| The wealthy | Affluent Americans are seeking international diversification in unprecedented numbers (Henley & Partners, 2026) |
52%
HIGH-NET-WORTH PORTFOLIOS HELD IN PRIVATE ASSETS
29%
HELD IN PUBLIC MARKETS BY THE SAME INVESTORS
35 to 60%
FAMILY OFFICES AND ENDOWMENTS HELD IN ALTERNATIVES
The investors with the most to protect own things that do not trade on a screen, cannot be dumped with an index, and earn from a different source of demand.
Diversify out of discipline, not fear.
Nobody knows which way this economy swings next, including the Fed. So we position so that whichever way it swings, one foundation is holding.
| IF THE US ECONOMY | WHAT GETS HURT | WHAT HOLDS |
|---|---|---|
| Raises rates again | Leveraged real estate at refinance, growth stocks | Foundation two. Debt-free income assets, with no loan to reset |
| Inflates | Cash and long fixed-rent leases | Foundation two. Real assets whose rents reset, in a region with inflation near 2% |
| Loses jobs | US stocks, and your US tenants' ability to pay | Foundation two. Income whose tenants come from a different economy |
| Cuts rates | Very little | Foundation one. US stocks and US real estate rally |
| Expands | Very little | Both foundations. Each grows on its own demand |
THE GOAL
Built so no single economy carries the whole portfolio. Not every asset wins every year. Designed to reduce the chance that everything declines in the same year.
THE GOLF SHOP, AGAIN
Sunscreen and umbrellas. Foundation one carries you when the sun is out in America. Foundation two carries you when it rains. You do not need to forecast the weather.
The aim: when one foundation is under pressure, the other is not. That is what it means to be positioned whichever way the economy swings.
Diversification reduces concentration risk. It does not prevent losses, and all holdings can decline at the same time.
05 · THE FILTER
A good second foundation is not a market you fall in love with. It is one that passes a filter. Apply these five questions to any country.
| MARKET | WHERE IT STRUGGLES |
|---|---|
| United Kingdom | Largest wealth exodus on record, with about 16,500 millionaires projected to leave (Henley & Partners, 2025). Money is moving out, not in. |
| Europe | Slow growth, about 1.3% for the euro area in 2026 (IMF), plus a currency bet against a dollar base. |
| China | Capital controls and a property crisis. Getting money out is the problem. |
| Latin America | Real growth stories, but currency swings can wipe out a good year's return. |
| Singapore | Excellent on almost every test, but foreign home buyers pay a 60% additional stamp duty. |
06 · THE FILTER
Most countries fail one test. Some fail two. On our reading, the GCC offers a basis for all five. The Fund's regulatory approval remains pending: CMA license pending.
| # | QUESTION | HOW THE GCC ANSWERS | RESULT |
|---|---|---|---|
| 01 | Stable against the dollar? | The UAE dirham and the Saudi riyal are both pegged to the US dollar. GCC inflation runs around 2% (IMF). | PASS |
| 02 | Can a foreigner own the title? | Foreign freehold ownership in designated areas, with a transparent land registry. Elsewhere, long-dated registered leasehold. | PASS |
| 03 | Are people and money moving in? | Yes. Dubai reached 4.81 million residents in September 2026, up 226,885 in nine months (Dubai Data and Statistics Est.). | PASS |
| 04 | Can you get money out, and how is it taxed? | No personal income tax in the UAE. For US investors: a Delaware feeder, an annual K-1, and distributions paid to you or your IRA. | PASS |
| 05 | Regulated, with custody and audit? | CMA license pending. First Abu Dhabi Bank as custodian, Grant Thornton auditing twice a year. | PENDING |
Henley & Partners projects a record 165,000 millionaires will relocate internationally in 2026, up from 142,000 in 2025. The Gulf remains at the front of that flow.
+9,800
UAE · WORLD'S TOP DESTINATION · ABOUT USD 63BN OF WEALTH (2025)
+2,400
SAUDI ARABIA · FASTEST RISER · EIGHT-FOLD UP ON 2024 (2025)
-16,500
UNITED KINGDOM · LARGEST OUTFLOW ON RECORD (2025)
The largest outflows in 2025 come from the UK (-16,500), China (-7,800), India (-3,500), South Korea (-2,400) and Russia (-1,500).
Sources: Henley Private Wealth Migration Report 2026 (165,000 projected relocations in 2026); country-level net flows from the 2025 edition, the latest to publish them.
07 · THE QUESTION ON YOUR MIND
It is the right question, so we answer it first. Our case is not that the region is calm. It is that this Fund, and the region around it, are built to absorb a shock.
01 · NECESSITY
We do not bet on calm.
Warehouses, cold storage, data centers and hospitals. People still eat, work and get sick during a conflict.
02 · NO DEBT
Nobody can force a sale.
Dubai's worst crash, in 2009, was caused by debt, not war. With no loan coming due, a bad year means waiting.
03 · PRICE
Fear is the discount.
Headlines lower entry prices. Our base case still assumes we sell 30% below pre-tension prices.
A REGION BUILT TO ABSORB SHOCKS
$4T+
HELD BY THE GULF'S FIVE LARGEST SOVEREIGN WEALTH FUNDS (GLOBAL SWF, END-2023)
$53.9B
COMMITTED BY GULF SOVEREIGN FUNDS IN H1 2026, A REGIONAL RECORD, DURING THE CONFLICT (GLOBAL SWF, H1 2026)
USD peg
UAE DIRHAM AND SAUDI RIYAL, BOTH PEGGED TO THE US DOLLAR
| MEASURE | DURING AND AFTER THE CONFLICT | SOURCE AND PERIOD |
|---|---|---|
| People left, then came back | About 61,000 left after the conflict began in March. April to June added 85,000 residents, more than offsetting it. | Dubai Statistics Centre, Aug 2026 |
| Commercial property sales | Record AED 19.5bn in H1, up 183% year on year, above all of 2025 | W Capital, DLD data, H1 2026 |
| Residential prices | Monthly declines eased from 5.9% in March to 1.9% in April and 1.2% in May | ValuStrat Price Index, Mar to May 2026 |
Real estate follows people and businesses. In the Gulf, both are still arriving, and the conflict did not reverse it. Demand for warehouses, homes and hospitals scales with the population, not with the headlines.
| MEASURE | WHAT THE DATA SAYS | SOURCE AND PERIOD |
|---|---|---|
| PEOPLE | ||
| Population | 4,807,185 in late September 2026, up 226,885 since the start of the year (4,580,300 at end-2025). | Dubai Data and Statistics Est., Sep 2026 |
| Households | Dubai added 62,800 households in 2025 to reach 858,000 (+7.9%). The largest age group is 30 to 34, at 15.45% of residents. | Dubai Data and Statistics Est., 2025 |
| Daytime population | About 1.81 million commuters and visitors each day push Dubai's daytime population to about 6.39 million. | Dubai Data and Statistics Est., 2025 |
| BUSINESS AND CAPITAL | ||
| Companies | DIFC passed 10,018 active companies, adding 2,318 new firms: 30% organic growth over 12 months. | DIFC via WAM, H1 2026 |
| Foreign investment | Dubai was the world's No. 1 destination for greenfield FDI for the fifth year running: 1,253 projects (+10.5%), a record 7% global share, and No. 1 for headquarters projects. | fDi Markets, 2025 |
| OWNERSHIP | ||
| Saudi Arabia opens up | Regulations under the Non-Saudi Ownership of Real Estate Law took effect, opening designated areas to foreign investors. | Non-Saudi Ownership of Real Estate Law, Q2 2026 |
DISCIPLINE IN ACTION
In late February 2026, while the market was still calm, we walked away from a major GCC acquisition. It passed our base case and failed our severe case. We price every deal as if the crisis has already arrived: a war, a rate hike, an inflation surge, or job losses from new technology. If a deal only works in calm weather, it does not get done.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
08 · THE FOUR DOORS
With over 150 combined years across our leadership, committee and advisors, we have watched capital disappear through the same four doors. Our structure is designed to address each one. CMA license pending.
DOOR 01 · The scam
No regulator, no custodian. No one to call.
THE RECEIPTS
Woodbridge Group, a USD 1.2bn Ponzi scheme that kept selling notes after cease-and-desist orders. FTX, where no independent custodian stood between investors and the money.
OUR LOCK
Institutional oversight · CMA license pending. Investment manager: Neovision Investment Fund Management LLC. First Abu Dhabi Bank as independent custodian, Grant Thornton audit.
DOOR 02 · The incompetence
Money run by people who never operated the asset.
THE RECEIPTS
Zillow Offers, where an algorithm bought homes without judgment: a USD 500m+ write-down. Fund-of-funds stacks, with three managers on one dollar.
OUR LOCK
Operator-led · The team that sources and underwrites an asset also operates it, from acquisition through to exit. No fund of funds, no middlemen between you and the building. Our team has completed 450+ deals worth USD 1.5B+.
DOOR 03 · The riba and the blow-up
Debt breaks what fundamentals never would.
THE RECEIPTS
Worldwide Plaza, NYC: 98% leased, USD 940m loan defaulted, building foreclosed. 1740 Broadway, NYC: USD 308m loan underwater, keys handed back.
OUR LOCK
Debt-free · Zero financing at the fund and asset level. No interest, in every market we operate in. With no loan to refinance, we are never forced to sell a good asset at a bad time.
DOOR 04 · Paper promises
A promise, not a building.
THE RECEIPTS
EquityBuild, a USD 135m Ponzi with duplicate liens sold to different investors. DBSI, a guarantee backed by paper net worth.
OUR LOCK
Asset-backed · Every dollar deployed is backed by real property the fund owns or controls directly.
Four locks. Zero debt. One decision left to make.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
09 · STRATEGY
At least 70% of gross asset value goes to completed, income-producing commercial property. Up to 30% goes to sold-out inventory, where most of the sales risk has already been transferred to the buyer.
AT LEAST 70% OF GROSS ASSET VALUE
Completed, income-producing property acquired outright with signed leases. It funds the twice-yearly distributions.
UP TO 30% OF GROSS ASSET VALUE
Inventory bought from landbank owners and Tier-1 developers after a project has fully sold out, with a signed sale agreement on every unit, the escrow open, and handover within 24 months. The fund is not a developer. Development is done separately by Sakeenah Development, a group company, outside the fund.
Any capital not placed in opportunistic positions stays in income-producing assets or cash.
| WHAT WE BUY | WHY THE DEMAND IS THERE | SOURCE AND PERIOD |
|---|---|---|
| Logistics, warehousing and cold storage | Dubai recorded 12.3m sq ft of new industrial requirements, up from 11.5m a year earlier. Riyadh East warehouse rents rose 21.8% year on year on a shortage of quality space. | Knight Frank H1 2026; CBRE Q2 2026 |
| Grade A boutique office | Dubai office vacancy fell to 6.1% from 7.7% a year earlier. Grade A rents rose 26.2% and prime 13.6% year on year. Riyadh Grade A occupancy is 98%. | JLL Q2 2026; CBRE Q2 2026 |
| Commercial demand overall | Average Dubai office rents up 13%, occupancy around 94%. Commercial sales hit a record AED 19.5bn in H1, up 183%. TECOM Site A ranked third for office sales at AED 1.4bn. | CBRE Q2 2026; W Capital, H1 2026 |
| Healthcare and data centers | GCC healthcare spending is forecast to rise from USD 109.1bn (2024) to USD 159bn by 2029, a 7.8% CAGR, with 12,317 new hospital beds needed; Saudi Arabia accounts for 69% of them. Abu Dhabi and Dubai ranked first and second of 97 emerging data center markets; the UAE has 250+ MW live and 500 MW in development, and the UAE and Saudi Arabia are expected to add 2 to 3 GW by 2030. | Alpen Capital, 2025; Cushman & Wakefield, 2025; S&P via Khaleej Times, Oct 2026 |
| Workforce housing and community retail | Dubai added 62,800 households in 2025 while only 41% of homes scheduled for H1 2026 were delivered. Flagship malls and community retail centers run at about 98% occupancy; retail rents rose about 4.5% and retail property sales 177% (AED 3.8bn) year on year. | Dubai Data and Statistics Est., 2025; Cavendish Maxwell, H1 2026 |
REPRESENTATIVE IMAGE
REPRESENTATIVE IMAGE
REPRESENTATIVE IMAGE
REPRESENTATIVE IMAGE10 · PIPELINE
Plot 10 · Four warehouse units · Industrial / logistics
Currently 100% leased on contracted five-year terms to FEDCO, Public Storage & Cargo, JEPCO and Pattern General Trading. Income from day one of acquisition. The 12% is a yearly target.
Dubai Land Residence Complex · Residential, G+5
Fully sold, with a signed sale agreement on every unit at about AED 1,600 per sq ft. We are structured to acquire the same inventory from the landowner at about AED 1,200, collect buyer installments as they fall due, and the balance at handover. The ~33% target is over the 24-month hold, roughly 15% a year compounded. Prices shown are approximate; costs and installment timing affect the final return.
Project facts, not fund returns. Neither position is an approved acquisition until it clears the Investment Committee and the Shariah Supervisory Board.
11 · UNDERWRITING
Every deal runs three ways, base, downside and severe, before it reaches the Investment Committee. It must survive all three.
| METRIC | BASE CASE | DOWNSIDE CASE | SEVERE CASE |
|---|---|---|---|
| Occupancy | 92% | 78% | 62% |
| Rent growth | +3% p.a. | Flat | -8% |
| Exit cap rate | As underwritten | +75 bps | +150 bps |
| Deal-level IRR outcome | 11 to 13% | 8 to 10% | Capital preservation objective |
Illustrative deal-level target scenarios, not guarantees. Actual scenarios vary by asset. Investors may lose principal. Past performance is not indicative of future results.
NO LEVERAGE
Returns come from operations and disciplined entry, not financial engineering.
CONSERVATIVE ENTRY
If we can buy below what it would cost to build the asset today, the market has done part of our underwriting.
MARGIN OF SAFETY
Cap rate expansion, rent decline and extended vacancy are modeled explicitly, not treated as tail risks.
Good markets do not justify bad underwriting. We build to withstand volatility, not to look good in a spreadsheet.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
12 · YOUR NUMBERS
Simple examples at the fund's target cases, over the four-year term. These are targets, not promises, shown before your personal taxes, if applicable.
A 2% subscription fee is deducted from this amount. The 8% preferred return and your units are calculated on the remaining amount.
Scenario
TERM · 4 YEARS
Target total cash returned over the term (distributions plus exit).
$153,000
Target profit +$53,000 · Target multiple 1.53x · 11 to 13% target net IRR a year
Distribution schedule: to be added.
| You invest | Base case target | Profit | Downside case target | Profit |
|---|---|---|---|---|
| $50,000 | $76,500 | +$26,500 | $72,000 | +$22,000 |
| $100,000 | $153,000 | +$53,000 | $144,000 | +$44,000 |
| $250,000 | $382,500 | +$132,500 | $360,000 | +$110,000 |
| $500,000 | $765,000 | +$265,000 | $720,000 | +$220,000 |
HOW IT IS PAID
Partly through profit distributions twice a year, and partly when assets are sold at the end of the term. The split depends on how each asset performs.
WHERE IT COMES FROM
Rent from leased, completed buildings (about 70% of the fund), and gains on sold-out inventory bought at a discount (up to 30%).
THE SEVERE CASE
We also model a severe case: 62% occupancy, rents down 8%, exit values down. Its objective is to protect your capital, not to make a profit.
Targets over four years, after fund expenses, the performance fee and the subscription fee. Not guaranteed.
This calculator is illustrative only and does not represent a guarantee of any outcome. Actual returns depend on the Fund's actual performance and are subject to the terms of the Fund's offering documents. Investors may lose some or all of their invested capital.
13 · COMPARE
| CRITERIA | 1971 CAPITAL | US EQUITIES | BONDS / FIXED INCOME | SUKUK | LEVERAGED RE FUND | SAVINGS / CASH |
|---|---|---|---|---|---|---|
| Return (as of October 2026) | Target: 11 to 13% target net IRR a year base, 10.5% a year downside (1.53x / 1.44x over 4 years)* | About 10% a year, long-run historical average for the S&P 500. Not a target; large swings year to year | 10-year US Treasury yield about 4.4 to 4.8% in 2026 | USD sukuk index yield to maturity about 5.3% | Typical target 12 to 18%** | Top high-yield savings 4.25 to 5.00% APY; average savings account about 0.4% |
| Shariah-observant structure | Yes | No | No | Varies | No | No |
| Debt-free structure | Yes | No | N/A | Varies | No | Yes |
| Hard asset / inflation hedge | Yes. Rents can reset with inflation | Indirect. Paper claim | No. Real value erodes as inflation rises | No. Fixed income; real value erodes | Yes, but mortgaged. Leverage adds rate risk | No |
| Income-producing | Yes. Twice-yearly distributions from rent | Sometimes. Dividend-dependent | Yes. Fixed coupon (interest) | Yes. Profit-rate distributions | Yes | Yes. Interest only |
| Leverage risk | None. Zero debt by mandate | Company-level, opaque | N/A | Varies by structure | High. Asset is mortgaged | None |
| Management burden | None. Fully managed institutional team | None | None | None | Varies | None |
| Liquidity | Closed-end, 4-year term | High | High | Moderate | Varies | High |
* Target return only. Not guaranteed. Actual results may differ materially. You can lose money, including your principal.
** Leveraged real estate fund returns carry significantly higher risk, including potential total loss of capital due to debt obligations.
Figures for other options are historical averages or current market yields as of October 2026, shown for context only. They carry different risk, liquidity and Shariah profiles and are not directly comparable to a target return. Bonds and savings accounts pay interest and are not Shariah-observant.
Compare it to anything else. Then see if you qualify.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
14 · BEYOND SUKUK
Supply has not kept pace with demand. The sukuk market is chronically undersupplied relative to the capital seeking placement.
Secondary market liquidity is limited. Holding to maturity is often the only real option, which makes it less liquid than it appears.
Most sukuk structures carry fixed-income characteristics. In a rising rate environment, the real yield erodes, just as with conventional debt.
1971 Capital was not built to replace sukuk. It was built to do what sukuk cannot: give you debt-free, cash-generating ownership of real assets, with returns tied to operational performance, not a coupon schedule.
| SUKUK | 1971 CAPITAL |
|---|---|
| Fixed-income characteristics | Variable income tied to asset performance |
| Limited supply | An active, underwritten pipeline |
| Secondary market illiquid | Closed-end, illiquid by design: no forced sales |
| Yield erodes in a rising-rate environment | Rent-based income, with no loan to refinance when rates move |
| Certificate of ownership interest | Units in a fund that owns real assets through ring-fenced SPVs |
AMANAH
Your capital is a trust we hold for a fixed term. Our performance fee is earned only by returning your capital with profit.
CHAIRMAN
PhD Economics, UC Berkeley. Member, AAOIFI Shariah Council. Boards: Islamic Development Bank, Dubai Islamic Bank, Standard & Poor's.
MEMBER
PhD, University of Edinburgh. Former Executive Director, ISRA, Bank Negara Malaysia. BNM Shariah Advisory Council.
MEMBER
28+ years in Islamic banking. Head of Internal Shariah Audit, Ajman Bank. Certified Sukuk Specialist.
| ZAKAT DIMENSION | GOLD | STOCKS | SUKUK | OWN REAL ESTATE DIRECTLY | 1971 CAPITAL |
|---|---|---|---|---|---|
| Zakatable base | Full market value annually. | Complex. Approximately 30% balance-sheet ratio estimate. Requires per-company analysis. | Depends on structure. Ijara and Musharakah structures are look-through. Murabaha is full face value. Common source of error. | Income-based. Not the property itself. | Per the Fund's Shariah Supervisory Board guidance. Audited statements twice a year show the value of your units. |
| Calculation complexity | Simple. But the full value obligation each year is significant for large holdings. | Complex. Requires balance sheet analysis for each company held. | Complex. Structure-dependent. Wakalah sukuk is a look-through structure like Musharakah. Often incorrectly treated as Murabaha. | Simple. Zakat on net rental income only. | Simple. The audited statements provide the figures. |
| Common error risk | Low. Calculation is well established. | High. Many investors underestimate the zakatable amount. | High. Wakalah sukuk is frequently and incorrectly grouped with Murabaha, resulting in overpayment. | Low if income-only treatment is correctly applied. | Low. |
| Scholarly position | Settled. | Debated. Screening methodologies vary across scholars. | Debated. Structure-dependent. AAOIFI Shariah Standard No. 35 is the primary reference. | Settled. | Per the Fund's Shariah Supervisory Board guidance. |
Zakat analysis informed by AAOIFI Shariah Standard No. 35 and Fiqh Council of North America rulings. This table is educational guidance only and does not constitute a fatwa. Consult your scholar for personal Zakat advice.
16 · HOW US INVESTORS INVEST
You subscribe into a Delaware feeder, the same kind of vehicle as a US syndication. The feeder is structured to invest into the master fund, and each asset sits in its own company. CMA license pending.
CAPITAL IN
Direct investor
Accredited US person or entity
Self-directed IRA
Advanta IRA administers · Advanta Trust holds custody
Delaware feeder LP
General Partner: 1971 Capital GP LLC
Rule 506(c), accredited investors only
NO SECOND FEE LAYER · Feeder costs are not charged on top of Fund costs
FEEDER HOLDS UNITS
Master fund
1971 Capital RE Income Fund I
CMA license pending
Investment Manager: Neovision Investment Fund Management LLC · Custodian: FAB
FEES CHARGED ONCE · 1.5% until deployed, then 1% · 20% only above the 8% per year hurdle
ONE SPV PER ASSET
Debt-free GCC real estate
Income-producing, essential assets
CAPITAL MOVES DOWN ONE LINE, AND FEES ARE CHARGED AT ONE LEVEL ONLY
No debt in the Fund helps avoid debt-financed income tax (UDFI) inside an IRA. Confirm your position with your tax adviser, and start early: custodian processing must finish inside the window.
You, or your IRA custodian
DISTRIBUTIONS AND REPORTS
Delaware feeder LP
Passes distributions through
Issues each investor's Schedule K-1
Annual Schedule K-1 · Issued by the feeder each year · Timing set in the Feeder PPM
TWICE-YEARLY DISTRIBUTIONS
Master fund
CMA license pending
Distributes from available operating profit
Cash and unit register held at FAB
Grant Thornton · Audited financial statements, twice a year
RENT AND SALE PROCEEDS
Debt-free GCC real estate
No lender is paid before you are
2×
PROFIT DISTRIBUTIONS A YEAR
2×
GRANT THORNTON AUDITED STATEMENTS A YEAR
1
SCHEDULE K-1 A YEAR, FROM THE FEEDER
Operating profit passes through the feeder to you, or to your IRA custodian. K-1 mechanics and timing are set out in the Feeder Private Placement Memorandum.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
17 · TRACK RECORD
USD 1.5B+
CAPITAL DEPLOYED AND MANAGED, ACROSS 450+ DEALS
2x
AVERAGE EQUITY MULTIPLE ON COMPLETED POSITIONS
15%
HISTORICAL IRR
Track-record figures are unaudited and include activity of Amin Enterprises and its subsidiaries, and of each executive in prior roles, before the launch of 1971 Capital. Past performance is not indicative of future results.
Dubailand, Dubai
AED 120M project · AED 33M investor capital
CONSTRUCTION STARTED OCTOBER 2026
92 residences. Built without debt.
Dubai · 2023
AED 5M investor capital
DELIVERED
62 units. Fully leased. Zero debt.
Michigan, USA · 2018 to 2022
USD 4.7M
HELD
Fully tenanted. Generating rental income.
Michigan, USA · 2015 to 2020
USD 5M
EXITED
Exited at USD 10M. 2.0x.
USD 1.5B+ across 450+ deals. Zero debt. See if you qualify.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
18 · LEADERSHIP AND GOVERNANCE
Operators first. Fund managers second. Three operators, three disciplines: capital, construction and operations, underwriting and transactions. Every function that exists to check us sits outside our control, on purpose.
FOUNDER AND OPERATING LEADERSHIP
FOUNDER AND CHAIRMAN
USD 1.5B+
DEPLOYED
450+
TRANSACTIONS
2x
AVG EQUITY MULTIPLE
15%
HISTORICAL IRR
CHIEF OPERATING OFFICER
17+ yrs
C-SUITE AND BOARD
100+
PROJECTS
0
LOSS-MAKING YEARS
1,000+
PEOPLE LED
CHIEF INVESTMENT OFFICER
14+ yrs
REAL ESTATE AND M&A
USD 5B+
TRANSACTION EXPERIENCE
3
SECTORS EXECUTED
CFA
LEVEL II
Track-record figures are unaudited and include activity of Amin Enterprises and its subsidiaries, and of each executive in prior roles, before the launch of 1971 Capital. Past performance is not indicative of future results.
INVESTMENT COMMITTEE
MEMBER
Co-founder, Neovision Investment Fund Management LLC. Formerly Chief Investment Officer, ADS Investment Solutions, 2014 to 2023. MBA, University of North Carolina at Chapel Hill.
MEMBER
Ten years at Goldman Sachs and Credit Suisse in London before founding Capira Capital, which has raised over USD 1.3bn across private equity and private real estate.
MEMBER
Founder of Neovision. Former Senior Advisor to the UAE Federal Government on financial regulation. Holds a Committee seat directly.
BOARD OF ADVISORS
REAL ESTATE CAPITAL MARKETS
CEO, Avison Young MENA. 30 years across CBRE, Cushman & Wakefield and Ellington Capital across the Gulf.
DEVELOPMENT STRUCTURING
20+ years building, governing and exiting businesses across Africa, MENA and Europe, including a nine-figure exit.
EMERGING-MARKET PROPTECH
Chairman and CEO, York Holding Group, Tbilisi. Building without bank leverage since 2016. Founder, Dwelleo.
19 · INSTITUTIONAL PARTNERS
The operator runs the assets. Independent, regulated firms hold the cash, keep the register, audit the books and screen every asset for Shariah-observant investing.
INVESTMENT MANAGER
CMA license pending. Manages an AED 1bn GCC REIT.
CUSTODIAN AND ADMINISTRATOR
Holds fund cash and the unit register. Nothing moves without them.
AUDITOR
Audited financial statements, twice a year. One of the top six global audit firms.
LEGAL COUNSEL
Fund documentation and CMA licensing support.
TAX ADVISER
GCC fund structuring, VAT and cross-border tax.
SHARIAH SUPERVISORY BOARD
Screens every asset before it is eligible.
US INVESTOR VERIFICATION
Accredited-investor verification and KYC for US investors.
SELF-DIRECTED IRA CUSTODY
Custody through Advanta Trust Company, Inc.
Named people. Named auditors. Named custodian.
Takes 2 minutes. No commitment. Accredited investors only.
Targets, not guarantees. This is not an offer to sell securities.
20 · WHY 1971
On that day the United States closed the gold window. The dollar, and every currency pegged to it, was cut loose from anything you could hold in your hand.
Since then, the financial system has grown on debt, interest and layers of middlemen standing between an investor and what they own. We named this platform after that day on purpose, as a warning label rather than a history lesson.
1971 Capital exists to do the opposite. Real assets. No riba. No debt at the asset level. No manager sitting on top of another manager. The name is the whole thesis, in four digits.
THE VISION
To build the first debt-free, regulated, operator-led real estate platform in the world, and to deploy USD 1 billion into real assets across the region.
THE MISSION
We acquire real assets outright. We hold every one of them without debt, for the full length of its term. We operate what we own, in every cycle we underwrite for.
0%
INTEREST-BASED STRUCTURES, ANYWHERE
450+
TRANSACTIONS BY THE OPERATING TEAM
$1B
THE VISION, DEPLOYED DEBT-FREE
STATED PLAINLY
Almost every real estate platform in the world grows by borrowing. We do not. Not on the first deal, and not on the hundredth. It is slower. It is also the only way capital survives a cycle it did not predict.
21 · FAQ
22 · NEXT STEP
Keep America as your first foundation. Build a second one outside it.
01
At apply.1971.capital
02
The Feeder PPM and Subscription Agreement
03
Accreditation and KYC with North Capital
04
Directly, or through your Advanta IRA
A 20-minute discovery call. No commitment. No pitch. Your questions, answered directly by the people running the platform. We walk you through the Fund and send the documents if it is a fit.
USD 1,000,000 AND ABOVE
Request a Direct Conversation →Sam Amin reaches out personally within 24 hours.
$50K
MINIMUM INVESTMENT
16 November 2026 to 16 February 2027
SUBSCRIPTION WINDOW
100
INVESTORS MAXIMUM
This is not an offer to sell securities. For accredited investors only under Reg D Rule 506(c). Investing involves risk, including loss of principal.
Takes 2 minutes. No commitment. Accredited investors only.