VCBank Liquidity Programmes 1, 2 & 3
The Bank offers three innovative Shari’ah-compliant short-term liquidity programmes with trust certificates and shares backed by prime income-yielding real estate assets. These are located in the Diplomatic Area business district of Manama, Kingdom of Bahrain; and the Jebel Ali industrial area of Dubai, UAE. The offering of each programme is for a maximum period of one year. The profit rate ranges between six per cent for investments held for twelve months and four per cent for one month, with profits being distributed on a quarterly basis.
The first programme was launched in 2010 and is backed by the Venture Capital Bank Building located in the Diplomatic Area of Manama, Bahrain, which comprises a unique combination of office space, retail outlets, and private and public car parks with high occupancy and utilisation levels. The second and third programmes, introduced in 2015 and 2016, are backed by the first two and third buildings respectively, of the Jebel Ali Labour Accommodation Complex in Dubai, which have been fully leased to reputable clients.