OMAN: The Omani Ministry of Endowments and Religious Affairs and the Sultan Qaboos Higher Centre for Culture and Science and Bank Nizwa, in cooperation with Oman National Investments Development Company, launched the Ishraq Endowment Investment Fund with a capital of OMR10 million (US$25.9 million) on the 4th November 2024.
The fund aims to enhance the developmental and investment role of the endowment sector in Oman and contribute to sustainable social and economic development through Shariah compliant investments.