 In a previous module, we mentioned of an Islamic fintech firm called Gilders. Gilders is an Islamic fintech specializing in property investment. Investment in property is a bulky investment. I live in London. If I want to invest in property by way of buying a house for letting purposes, probably I need something like 700,000 pounds. In many cases, having 700,000 pounds as cash may not be possible. Of course, there are some individuals, they can buy a lot of properties of this price and size because they have got money. But a lot of people, they don't have that kind of cash. Hence, this company Gilders, it came up with an idea of allowing general public to invest in property in such a way that even if they have small amounts, even 100 pounds to invest, they couldn't. This investment manager was actually Gilders. The investment manager set up a crowdfunding platform. This is an example of an Islamic fintech specializing in property investments. This is a property fund example as well. This crowdfunding platform would offer individuals, investors 1, 2, 3 and 1,000 investors, 500 investors, 20,000 investors, whatever be the number. This crowdfunding platform would offer an opportunity to investors to invest relatively small amounts of money. The money could be the minimum, could be 100 pounds, but this can go up to 1 million if you want to invest. Normally, someone would not put 1 million using a crowdfunding platform, but this could be 10,000, this could be 5,000, this could be 1,000. Investment manager would use this money to buy properties, property 1, property 2, property 3 and so on. So, wherever it would find an opportunity to invest in a property, it would buy. Now, the investors would like to have return in the form of frequent month 3 or quarterly returns. And of course, at the end, they would like to benefit from the capital gain i.e., the profit which someone gets when they sell a house. The difference between purchase price and the sale price that is called capital gain. Now, in order to give frequent returns to these investors, investment manager actually rents in the properties. In the portfolio, first it rents in, it rents for itself and gives rental R to the portfolio. That rental is actually frequently distributed amongst these investors on, say, a quarterly basis. These properties are held by the investment manager in the form of a fund until the investment manager finds good opportunities to sell. For example, if this property was bought for 100K GBP, 100 pounds and this property was kept in the portfolio for one year. After one year, the investment manager gets a proposal from someone to buy this property for 140K GBP. So, at that time, the property would be sold and the proceeds would be given to the investors in accordance with their investment shares. And this could be done for this property. Two, property three, and if in certain cases, investors agree, once this one property is sold for profit, then another property could be bought using that amount of money so that whenever there is an opportunity, that opportunity would be taken up by the investment manager on behalf of these investors.