Gulf Islamic Investments launches a $100million Shari’ah-compliant debt fund for GCC and India

Gulf Islamic Investments (GII), UAE based Shari’ah-compliant global alternative investment company is launching a $100million Debt Fund – GII Debt Fund-I. The new fund will focus on supporting high growth companies in resilient sectors such as consumer, healthcare, education, logistics, and technology enabled businesses in the GCC region and high growth Indian companies looking to expand in the GCC and internationally.

Globally, venture debt is an important asset class for high growth companies to support the growth between two equity raises. Companies typically use the capital for team building, working capital, and capex investments. In US, the venture debt industry is 15-20 percent of venture capital investments over long term. The market is underpenetrated in GCC and India region.

Total VC funding activity reached record level of $2.6billion in 2021 in GCC region with UAE and KSA leading with major reforms and policy innovations presenting growth opportunity for home grown and international businesses.

Mohammed Al Hassan co-Founder and co-CEO of Gulf Islamic Investments said, “We actively seek companies that are backed by established venture capital investors and work with these companies to provide venture debt and build the business. This presents a new opportunity for our investors to diversify in different high growth asset classes with attractive returns.”

One of our principles, according to co-Founder and co-CEO, Pankaj Gupta, is to provide diverse opportunities and that (the new fund) “provides income and growth to our investors by supporting high growth companies reaching next stage”.

GII has developed a robust underwriting approach based on its experience working with high growth companies across developed and emerging markets.