{
  "id": 19604865,
  "title": "HiLITE Group to launch ₹200 crore Shariah-certified Category II AIF",
  "url": "https://urgent.news/2026/11/12/hilite-group-to-launch-200-crore-shariah-certified-category-ii-aif",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-12T05:31:50.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/hilite-group-to-launch-200-crore-shariah-certified-category-ii-aif/article71692408.ece"
  },
  "original_language": "en",
  "account": "HiLITE Group plans to launch a new investment management venture with the introduction of its first fund, HiLITE Ethical Fund 1. This fund is a real estate-focused Category II Alternative Investment Fund (AIF) with a maximum size of ₹200 crore. Registering with SEBI, HiLITE Ethical Fund 1 is tailored for High Net Worth Individuals (HNI) and institutional investors seeking long-term opportunities in the real estate sector. The fund, certified Shariah-compliant by TASIS (Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.), aims to extend HiLITE Group's real estate expertise to a broader investment landscape. Focused on Greenfield and brownfield developments, HiLITE Ethical Fund 1 emphasizes disciplined capital management and operates under a seven-year tenure with a minimum investment commitment of ₹1 crore, payable in 36-month instalments. Backed by an institutional partner network comprising PwC, Mitcon Credentia, SBI, Nuvama, and Ajmal & Company, HiLITE Group Chairman P. Sulaiman emphasized the company's vision to bring its real estate experience to a wider investment landscape, offering HNIs access to professionally managed, real estate-focused investment opportunities.",
  "summary": "A key distinction of the fund is its Shariah certification by TASIS (Taqwaa Advisory and Shariah Investment Solutions Pvt. Ltd.)",
  "key_points": [
    "HiLITE Group launches ₹200 crore Shariah-certified Category II AIF",
    "HiLITE Ethical Fund 1 focuses on real estate investments",
    "Fund targets HNIs with 7-year tenure and ₹1 crore minimum investment"
  ],
  "editors_take": "By introducing a Shariah-certified fund, HiLITE Group expands its real estate expertise into a specialized investment vehicle designed to capture capital from high net worth individuals and institutional investors.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}