SPV Co-Ownership & Investment Terms

These terms govern participation in the Baytul Ameen Towers Special Purpose Vehicle (SPV) under Nigerian Corporate Law and Shariah Governance Board Fatwa BAT-FATWA-2026-001.

1. Shirkat-ul-Aqd Equity Allocation

Each SPV share represents a pro-rata, undivided legal co-ownership right in the physical land and superstructure of Baytul Ameen Towers, Ibadan. First-phase participation is strictly capped at 20 co-owners.

2. Milestone-Based Escrow Release

Construction payments follow a 3-phase milestone schedule: ₦20M initial commitment, ₦10M after 3 months upon independent structural progress verification, and ₦30M spread across 12 months.