Nabil Syed
CEO
Detroit native. 10 years in real estate. $150M+ in completed real estate transactions.
LinkedInAbout Us
Core team
The people behind the fund
Faseh Mohammed
COO
Capital formation and construction experience. LP and operator participation in $70M+ of real estate.
LinkedIn
Mustaque Khan
Property Operations
CEO, Omni Property Managers. 20+ years in property management and construction.
Sherlee Boiser
Executive Coordinator
Coordinates scheduling, documentation and administrative support for the Fajr Fund team.
Advisors
Advisors and legal counsel*
Mufti Aasim Rashid
Islamic compliance advisor
Islamic scholar and Islamic compliance advisor. Founder, Al-Ihsan Educational Foundation; director, Miftaah Institute. Reviews Fajr’s investment structures, contracts and ongoing Islamic compliance. He also assists with annual zakat calculations for investors.
Document review
Supports the review of fund structures, documentation and related investment practices.
Abdul Wahid Khan
Strategic Advisor
UMMA board member and serial entrepreneur with prior experience at Ford.
Underwriting & operations
Advises on underwriting discipline, operating processes and fund oversight.
Shams Merchant
Legal Counsel, CRE.law
Real estate counsel at CRE.law. Experience with Regulation D offerings and fund structuring.
LinkedInCRE.law profileWhy Detroit
Nearly half of occupied homes are rentals
Single-family rentals in the Detroit area are the only market we invest in.
$105→$113
Sale price/sf, $100k–$300k Detroit homes, 2023→2025
4%*
Annual appreciation assumption
$1,074/mo
Detroit median gross rent
49.7%
Renter-occupied households
Sponsor experience
Sponsor and affiliate experience*
~10 yrs
Operating experience
90+
Rental units managed
$150M+
Real estate transactions
$70M+
LP / operator participation
We invest alongside you. Our capital participates in the fund’s outcomes.
Our giving policy
Late fees donated
Segregated for charity, net of recovery costs.
Net GP profits donated
Sponsor’s stated giving commitment.
Giving comes from the sponsor’s share. It does not reduce LP distributions or create an LP charitable deduction.
Late-fee donations are net of documented third-party collection and enforcement costs. The stated 5% policy sits within the PPM’s discretionary allowance of up to 5% of defined Net GP Profits.
Targets, not guarantees. Capital is at risk.
Reg D Rule 506(c) offering · Verified accredited investors only
- Market figures: Realcomp MLS via Real Estate One: 2023, 2025 and year to date through July 31, 2026. Rent and renter share: Census ACS 2020–2024. Price tier is a proxy, not matched renovated rentals. The 4% figure is a sponsor underwriting assumption for stabilized rentals.
- Neighborhood photos (e.g., Rosedale Park, Detroit) are illustrative only; not fund holdings.
- Sponsor and affiliate experience is sponsor-reported and unaudited (Nabil: $150M+ completed transactions; Faseh: $70M+ LP/operator participation). It is not Fajr Income Fund performance. Biographies reflect sponsor information and published professional profiles; experience does not guarantee fund results.
- Our Islamic compliance advisor supports the review of fund structures, documentation and related investment practices. We describe the status of that review accurately and do not present an offering as certified before a determination has been documented. Investors should review the applicable offering documents and any offering-specific compliance statement.
- Accredited investors only. The Fajr Income Fund is offered under Rule 506(c) of Regulation D; investors must verify accredited status.
- Returns, distributions and repayment of capital are targets, not guarantees. Capital is at risk; you could lose some or all of your investment. The investment is illiquid.
- Forward-looking statements: targets, projections and plans on this page are forward-looking statements, not guarantees. Actual results may differ materially.
- This page is not an offer to sell or a solicitation of an offer to buy securities. Any offer is made only through the offering documents, which govern. See the full Disclosures.
We work with an Islamic compliance advisor to review our fund structures and documents. Any determination of compliance is specific to the relevant offering and its final documentation; this website does not imply certification.