Morocco to spearhead Islamic private equity in the MENA region with a US$ 1 billion investment fund
A number of investment professionals united in a collective is planning to set up a US$ 1 billion integrated Islamic finance investment platform in Morocco. This will be made possible by the creation of Sharia compliant financial institutions for the first time in the country, including a private equity management company and an Islamic microfinance organisation. As part of the "1 Million Jobs for MENA initiative", the project aims to provide appealing opportunities for investment. Thus, it is supposed to make its contribution to the high growth employment expectations of the MENA region.