Investing in the logistics, production, and distribution of foods and daily goods.
Big Apple Fund is a private equity fund structured on a Wakala bil-Istismar basis, backing a focused portfolio of companies across food production, essential goods manufacturing, and distribution and logistics networks.
A focused mandate: food, daily goods, and the networks that move them
Big Apple Fund concentrates exclusively on companies operating in logistics, production, and distribution of foods and daily goods — sectors defined by consistent demand and essential-goods resilience.
Food Production
Processing, packaging, and manufacturing of food products, including halal-certified supply chains and agriculture-linked operations.
Daily Goods Manufacturing
Production of household essentials and consumer staples serving everyday demand across target markets.
Distribution & Logistics
Warehousing, freight, last-mile delivery, and supply chain infrastructure connecting producers to end markets.
A Wakala bil-Istismar structure with disciplined institutional oversight
The Fund is structured on a Wakala bil-Istismar basis, providing a clear institutional framework for capital deployment across a focused, concentrated portfolio.
Concentration & Diversification Limits
To manage risk while maintaining focus, the Fund applies strict concentration limits on every investment it makes across its target sectors.
Big Apple Fund investment standards
Companies and project sponsors seeking capital from Big Apple Fund are evaluated against the following standards to ensure Shariah compliance, risk discipline, and alignment with investor protections.
| Big Apple standard | Acceptable range |
|---|---|
| Profit rate or profit-sharing return | Must be Shariah-compliant. |
| Match project life and exit date | Usually 5 to 7 years for PE funds. |
| Prefer asset-backed security | Shares, project assets, receivables, accounts, or SPV interests/papers. |
| Prefer corporate support if needed | Corporate guarantee or completion support; personal guarantee is less common. |
| Link payment to project cash flow | Rental payments, deferred sale payments, profit distribution, or exit proceeds. |
| Allow real service fees only | Arrangement, legal, due diligence, and monitoring fees. |
| Full diligence before drawdown | Shariah approval, legal due diligence, KYC/AML, licenses, and documentation. |
| Clear approval timeline | Usually weeks to a few months. |
| Protect fund and Shariah compliance | Covenants, reporting, governance rights, default triggers, and purification rules. |
Fund managers and Shariah governance
Big Apple Fund is led by an experienced fund management team, supported by an independent Shariah Adviser to ensure ongoing compliance with AAOIFI standards.
Ozat Tokhtarbayev
Responsible for sourcing, structuring, and managing investments across food production, daily goods, and logistics companies.
Meirbek Mazhitov
Oversees portfolio monitoring, investor reporting, and value-creation initiatives across portfolio companies.
Darkhan Kerimbayev
Leads deal execution, due diligence coordination, and exit strategy planning for the Fund's investments.
Shariah Adviser Disclosure
ADL Advisory Sdn. Bhd. serves as the independent Shariah Adviser to Big Apple Fund, reviewing and certifying investment structures and portfolio compliance against AAOIFI standards on an ongoing basis.
Frequently asked questions
The Fund invests exclusively in companies operating in logistics, production, and distribution of foods and daily goods.
The Fund maintains a concentrated portfolio of a maximum of 8–10 companies, with no more than 20% of fund capital allocated to any single investment.
Projects are assessed against the Fund's investment standards, covering Shariah-compliant returns, asset-backed security, corporate support, cash-flow-linked payments, and full due diligence before drawdown. See the Investment Standards section above for the full criteria.
ADL Advisory Sdn. Bhd. acts as the Fund's independent Shariah Adviser, reviewing each investment against AAOIFI standards and issuing an annual re-certification letter.
Investors receive quarterly reporting, along with annual independent third-party audits and Shariah re-certification.
Ready to explore Big Apple Fund?
Request our full executive summary and Shariah compliance certification, or submit a project for consideration. Our team responds within one business day.
All form requests are sent to PROJECTS@BAF.FUND.