Saudi-based asset manager Jadwa Investments has launched two sharia-compliant investment funds for the local non-profit sector.
The funds have been developed in partnership with the Saudi Ministry of Human Resources and Social Development.
According to Jadwa, the funds will provide an investment platform compliant with sharia principles and dedicated to non-profit organisations licensed by the National Centre for the Development of the Non-Profit Sector.
Jadwa will provide “strategic and operational support” to ensure the funds adhere to their investment objectives, risk appetite and liquidity requirements of the participating firms, added a statement from the asset manager.
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