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Zawya
29-05-2025
- Business
- Zawya
Oman: Ishraq Fund launched to drive sharia-compliant investments in Oman
Muscat – The Ishraq Endowment Fund on Wednesday officially commenced operations, marking the beginning of a new phase aimed at revitalising the investment role of waqf (endowment) in Oman. This innovative, Sharia-compliant endowment investment fund represents a significant advancement in enhancing waqf investments in the sultanate. It contributes to embedding sustainable development principles and maximising the social impact of investments – both key pillars of Oman Vision 2040. In a statement to Oman News Agency, Dr Ahmed Ali al Ka'abi, Chairman of the Ishraq Endowment Fund's Board of Directors, said that the operational launch represents a major milestone in the fund's journey. He emphasised that the next phase will involve activating investments in line with a strategic vision carefully crafted by the board. He added that the fund is moving from the establishment phase to active operations by initiating investments in Sharia-compliant public markets. The goal is to generate sustainable financial returns that support charitable initiatives and social projects. 'The fund offers diverse opportunities for investors – both individuals and institutions – through a range of subscription categories, including perpetual endowers, temporary endowers, and investing subscribers.' Khalid Awadh al Balushi, CEO of Oman National Investments Development Company (Tanmia) and Investment Manager of the Ishraq Endowment Fund, noted that this initiative continues Tanmia's pioneering role in establishing and managing high-quality investment funds. He described the fund as a practical embodiment of socially impactful investment and a strategic step forward in enhancing the waqf sector's contribution to the national economy. Balushi added that the Ishraq Endowment Fund provides sustainable, Sharia-compliant investment opportunities that deliver tangible, positive societal outcomes, aligning with national priorities on sustainability and community partnership. Tanmia will draw upon its extensive expertise in fund management to ensure that the fund meets its objectives and achieves the desired returns. The Ishraq Endowment Fund introduces an innovative model that combines financial returns with social impact. Through its investment returns, contributors can support social and developmental projects in sectors such as health, education, and social care, while also generating stable financial yields. © Apex Press and Publishing Provided by SyndiGate Media Inc. (
Times of Oman
28-05-2025
- Business
- Times of Oman
Ishraq Endowment Fund commences operations
Muscat: The Ishraq Endowment Fund has officially begun its operational activities, marking the launch of a new phase aimed at activating the investment role of 'waqf' or 'endowment' in the Sultanate of Oman. This innovative Sharia-compliant endowment investment fund represents a qualitative leap in enhancing waqf investments and contributes to entrenching sustainable development concepts while maximizing the social impact of investments – key pillars of Oman Vision 2040. Dr. Ahmed Ali Al Ka'abi, Chairman of the Ishraq Endowment Fund's Board of Directors, stated that the operational launch marks a significant milestone in the Fund's journey. He emphasised that the next phase will activate investments according to a strategic vision carefully developed by the Fund's Board. He added that the Fund is transitioning from establishment to active operation by commencing investments in Sharia-compliant public markets, aiming to generate sustainable financial returns that support charitable initiatives and social projects. The Fund also offers diverse opportunities for investors – both individuals and institutions – through varied subscription categories, including perpetual endowers, temporary endowers, and investing subscribers (for individuals and institutions alike). Khalid Awadh Al Balushi, CEO of Oman National Investments Development Company (Tanmia) – Investment Manager – noted that the Fund continues Tanmia's pioneering role in establishing and managing qualitative investment funds. He described the Fund as a practical embodiment of 'socially impactful investment' and a strategic step to enhance the waqf sector's contribution to supporting the national economy. Al Balushi added that the Fund provides sustainable, Sharia-compliant investment opportunities that deliver tangible positive societal impact, aligning with national directions toward sustainability and community partnership. Tanmia will leverage its extensive expertise in investment fund management to ensure the Fund achieves its targeted returns and objectives. The Ishraq Endowment Fund introduces an innovative model combining financial returns with social impact. Through the Fund's investment returns, contributors can support social and developmental projects in health, education, social care, and other fields while generating stable financial yields.
