Injazat Capital, the pioneering Shari’a Compliant investment bank in the Middle East and North Africa region, has announced its official launch to coincide with the firm’s relocation to new premises at the Dubai International Financial Centre (DIFC). Injazat Capital seeks to leverage the DIFC’s role as financial nerve centre to improve customer access and service delivery.
Hussein Rifai, Managing Director of Injazat Capital said: “Injazat Capital’s shift to new offices at the DIFC offered us an opportune moment to formally announce official commencement of operations. Our relocation to the DIFC was driven by our commitment to prompt, customer-centric service delivery. The DIFC’s central location and well developed infrastructure will facilitate us in the provision of investment and financial services to startups in the IT, media, retail, communications and health sectors.”
Injazat Capital Limited is a leading private equity investment and corporate advisory firm that operates in compliance with Shari'a principles and was the first to offer an Islamic Venture Capital Fund worldwide. It focuses on private equity leading the market in unique transactions such MBO, ILBO and multi-stage investments.
His Excellency Dr. Omar Bin Sulaiman, Governor of DIFC, said: “Both the DIFC and Injazat Capital have the common objective of growing the Islamic Finance sector. Injazat Capital has established itself as a pioneer in the Islamic investment sector and we look forward to working with them in developing and bringing new Shari’a compliant products to the region.”
“Injazat Capital’s presence is integral to developing the DIFC’s offering, and we’re sure that they will play an important role in the growth of the Centre as a major financial hub. We are delighted to welcome Injazat Capital into the Dubai International Financial Centre family.
Injazat Capital manages two funds—the USD 50 million venture capital Injazat Technology Fund which targets technology, media and communications companies and the USD 100million Shefa Healthcare Fund which invests in healthcare providers and ancillary services across the MENA region, with aggressive plans to launch new products in 2007.