APEX Capital Group, a privately held real estate investment firm based in Princeton, New Jersey, has introduced a new income fund designed to align with Islamic financial principles. The fund—Silk Road Properties Income Fund—aims to raise $10 million from accredited investors seeking to generate passive income through ethically compliant real estate ventures.
Founded by brothers Shomail and Farhan Malik, the firm is targeting residential rental assets across Southern New Jersey, an area identified for stable returns and long-term value growth.
The fund has been reviewed and approved by Shaykh Joe Bradford, a U.S.-based Islamic finance scholar certified by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). Bradford, who has over 15 years of experience in Islamic law and finance, ensures that the fund adheres to Shari’ah standards. His previous roles include Vice President and Senior Shariah Consultant at AlRajhi Bank in the Middle East.
Bradford’s endorsement provides investors with assurance that the fund is structured to comply with Islamic values, avoiding interest-based returns and prioritizing ethical investment practices.
Silk Road Properties Income Fund follows the wakalah bil istithmar structure. Under this model, investors appoint the fund manager as their agent to invest in rental properties. Returns are generated from rental income, with a final payout at the fund’s liquidation phase after a 48 to 60-month lock-up period.
Compensation for fund managers is structured to prioritize investor returns, with any performance incentives disbursed only after investor obligations are met. The structure also aligns with AAOIFI Standard No. 4c, emphasizing transparency, asset-backed transactions, and risk-sharing.
The fund will acquire a mix of single-family homes and multi-family buildings, with the intention of distributing monthly dividends. Professional property management will handle day-to-day operations, allowing investors to avoid active involvement in leasing, maintenance, or tenant management.
This opportunity is exclusively open to accredited investors, as defined by the U.S. Securities and Exchange Commission (SEC). That includes individuals with a net worth over $1 million (excluding their primary residence) or consistent annual incomes exceeding $200,000 individually ($300,000 jointly).
The fund operates under Regulation D, Rule 506(c), allowing general solicitation while maintaining SEC investor qualification requirements.
The Malik brothers bring a combined 35 years of real estate experience. Their track record includes the completion of more than 750 real estate transactions. They have also managed a 250-unit property portfolio, which they exited through a sale in 2019.
Their company structure includes a title agency and a construction firm, enabling vertical integration across acquisition, development, and property operations. Additional support comes from legal and financial experts, including real estate attorney Adam H. Morsy and accountant Mohamed Sonbol.
While this is the first in a series of planned faith-based funds, the Malik brothers say it reflects a broader goal of offering investment vehicles tailored to underserved communities seeking value-aligned financial opportunities.
If you are a proptech company and want to promote your products for free, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at proptechbuzz.com/news, for news tips and promotions, reach out to marketing@proptechbuzz.com.
By Proptechbuzz
By Ravi Kumar
