OMAN: Bank Nizwa has signed a memorandum of executive understanding with the Bousher Endowment Foundation and Wadiah Commercial Operations Company to launch a Waqf crowdfunding platform, touted as the first of its kind in the Sultanate and across the GCC.
The platform offers direct investment solutions in Waqf initiatives as well as a perpetual option designed to ensure long-term returns for the benefit of projects by the Bousher foundation. Bank Nizwa provides financial, operational and marketing solutions, while Wadiah delivers the technical and operational infrastructure required to manage crowdfunding activities.
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