Amwal Capital Partners launches $150m Shariah-compliant private credit fund
Asset manager Amwal Capital Partners has launched a $150m (£126m) Shariah-compliant private credit fund.
The Dubai-based alternative investment firm’s new fund is aimed at meeting growing demand for Shariah-compliant financing solutions, as well a flexible capital for SMEs that are underserved by regional banks.
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It will focus on pursuing direct lending opportunities, targeting 12 to 15 transactions over its five-year term, mostly in Saudi Arabia and the UAE. It will also provide capital to emerging companies, with a particular focus on asset-backed solutions for tech-enabled platforms, the firm said.
“Regional private credit presents a compelling opportunity to deliver equity-like returns through exposures that are uncorrelated to public markets, over-collateralised and well structured”, said Sharif Eid, partner and co-head of fixed income at Amwal Capital Partners.
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“The fund already exceeded its initial close target and has attracted leading institutional investors from the region”
The news follows the successful launch of the ACP Shariah Hybrid Income Fund in December 2024. The fund offers a semi-liquid structure for investors to access private credit, making it the first product of its kind both in the region and for Islamic investors.
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