By Digital News Asia May 28, 202450% will be Shariah-focused, unlocking Islamic equity capital, create greater impact
Dana Pemacu will be a Malaysia-focused private equity investment strategy, targeting key economic sectors including food security, education, silver economy and healthcare, energy transition, digital economy, financial inclusion, and other impact-related critical themes under the Ekonomi MADANI framework.
The RM6 billion capital commitment will be invested via conventional and Shariah- compliant SMAs, with 50% to be Shariah-focused, unlocking the potential of Islamic equity capital in creating a greater impact in Shariah-compliant investment and enhancing the overall private markets, as well as offering unique opportunities for ethical and socially responsible investing.
Nik added that the newly launched capital investment boosts KWAP’s aspirations to support more local companies to scale domestically and internationally through both conventional and Shariah-compliant channels. “This ultimately strengthens financial markets and enhances local talent development in Malaysia.”
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Source: DailyExpress_MY - 🏆 3. / 83 Read more »