Established in August 2004, the Al Islami Far Eastern Real Estate Fund (“AlFEREF”) was our first private real estate fund and the first Shariah-compliant private real estate fund in Asia. The AIFEREF, which invested in Singapore residential properties, had a committed capital of S$100.0 million and counted the Dubai Islamic Bank and the Cheung Kong Groups as its major investors. We completed the divestment of the underlying assets of the AIFEREF in October 2007, achieving an internal rate of return of 23.7% for the fund. Following the success of the AIFEREF, we are currently in the process of marketing a second Shariah-compliant fund to investors from the Middle East.