Jadwa Investments has partnered with the Saudi Ministry of Human Resources and Social Development to launch two investment funds for the local non-profit sector.
The launching ceremony was held in the presence of Deputy Minister of Human Resources and Social Development and Chairman of the Executive Committee of the National Center for the Development of the Non-Profit Sector Majid Al-Ghanimi.
Jadwa will provide an investment platform that is compliant with the provisions of Islamic Sharia and dedicated to non-profit organizations licensed by the National Center for the Development of the Non-Profit Sector.
In a statement on its website, Jadwa said the funds will provide the non-profit sector with a Sharia-compliant investment platform to preserve and grow its capital over the long term through balanced and conservative investments across asset classes.
Jadwa will also provide the strategic and operational support to ensure that the funds are managed in line with the investment objectives, risk appetite and liquidity requirements of participating non-profit organizations.
