Ishraq
Endowment Fund Commences Operations

Muscat,
28 May (ONA) — The Ishraq Endowment Fund has officially begun its operational
activities, marking the launch of a new phase aimed at activating the
investment role of “waqf” or “endowment” in the Sultanate of Oman.

This
innovative Sharia-compliant endowment investment fund represents a qualitative
leap in enhancing waqf investments and contributes to entrenching sustainable
development concepts while maximizing the social impact of investments – key
pillars of Oman Vision 2040.

Dr.
Ahmed Ali Al Ka’abi, Chairman of the Ishraq Endowment Fund’s Board of
Directors, stated that the operational launch marks a significant milestone in
the Fund’s journey. He emphasized that the next phase will activate investments
according to a strategic vision carefully developed by the Fund’s Board.

He
added that the Fund is transitioning from establishment to active operation by
commencing investments in Sharia-compliant public markets, aiming to generate
sustainable financial returns that support charitable initiatives and social
projects.

The
Fund also offers diverse opportunities for investors – both individuals and
institutions – through varied subscription categories, including perpetual
endowers, temporary endowers, and investing subscribers (for individuals and
institutions alike).

Khalid
Awadh Al Balushi, CEO of Oman National Investments Development Company (Tanmia)
– Investment Manager – noted that the Fund continues Tanmia’s pioneering role
in establishing and managing qualitative investment funds. He described the
Fund as a practical embodiment of ‘socially impactful investment’ and a
strategic step to enhance the waqf sector’s contribution to supporting the
national economy.

Al
Balushi added that the Fund provides sustainable, Sharia-compliant investment
opportunities that deliver tangible positive societal impact, aligning with
national directions toward sustainability and community partnership. Tanmia
will leverage its extensive expertise in investment fund management to ensure
the Fund achieves its targeted returns and objectives.

The
Ishraq Endowment Fund introduces an innovative model combining financial
returns with social impact. Through the Fund’s investment returns, contributors
can support social and developmental projects in health, education, social
care, and other fields while generating stable financial yields.

—Ends/AG