Oman
Ishraq Endowment Investment Fund Launched with a Capital of RO10M
The Ministry of Endowments and Religious Affairs, the Sultan Qaboos Higher Centre for Culture and Science and Bank Nizwa, in cooperation with Oman National Investments Development Company, launched ‘Ishraq Endowment Investment Fund’ with a capital of RO 10 million.
The Ministry of Endowments and Religious Affairs, the Sultan Qaboos Higher Centre for Culture and Science and Bank Nizwa, in cooperation with Oman National Investments Development Company, launched ‘Ishraq Endowment Investment Fund’ with a capital of RO 10 million.
Launching the endowment fund was held under the patronage of Dr. Mohammed Said Al Maamari, Minister of Endowments and Religious Affairs.
The Fund offers innovative and promising investment opportunities by facilitating access to investment opportunities that are compatible with Sharia provisions. The Fund supports the financial goals of individuals and companies, and enhances shared responsibility towards community welfare. This initiative is closely aligned with national aspirations to empower society and promote sustainable development.
The Fund aims to enhance the developmental and investment role of the endowment sector in the Sultanate of Oman and positively contribute to sustainable social and economic development through investments compatible with Islamic Sharia.
This initiative allows individuals, companies and endowment establishments to contribute to charity fields and community projects that are consistent with Islamic values.
The launch of the fund comes in line with the government’s tireless efforts, represented by the Ministry of Endowments and Religious Affairs, to support and enhance the endowment investment sector to support comprehensive development and advance society at all levels.
-
Alamaliktistaad Magazines2 months ago
Al-iktisaad, October 24
-
OER Magazines2 months ago
Signature, October 24
-
Magazines1 month ago
OER, October 24
-
Oman3 weeks ago
Shell Oman Partners with Oneroad Automotive Gives Away 2 Forthing Cars as Part of its ‘Win Big’ Campaign
-
News2 weeks ago
Mitsubishi X-force Joins Sayarti’s Fleet: A New Era of Elegance and Performance
-
Local Events1 month ago
HH Sayyid Theyazin Opens 16th Meeting of International Forum of Sovereign Wealth Funds
-
Auto1 month ago
Moosa Abdul Rahman Hassan & Co. Celebrates Launch of 2025 Suzuki Swift and Opening of New Suzuki Showroom in Azaiba
-
Energy5 days ago
OUTLOOK: Emerging Markets and Renewables – The Twin Engines of Energy Growth for 2025