Injazat Technology Fund I. is a USD 50 million venture capital fund operating in compliance with Sharia’h principles and targeting technology, media and communications companies within the MENA region under the motto ‘From the region For the region’.
ITF I was established by Islamic Corporation for the Development of the Private Sector (ICD), an affiliate of the Islamic Development Bank Group (IDB), and by GFH, in partnership with Dubai Islamic Bank (DIB), Saudi Economic and Development Company (SEDCO).
ITF I is one of the few funds in the GCC to have completed the full life cycle of the investment process, it has seen exits of its investment seeing IRRs of upto 75% and sales to such companies as HP and was commended by the Internal Chamber of Commerce (ICC), the foremost internal business organization for incorporating an upholding strong principles of corporate governance.
Philadelphia Private School
PPS was established in 2014 to acquire a majority stake in Philadelphia Private School. The K-12 School was built in 2006 and currently has around 1500 pupils and offers the American Curriculum. Philadelphia School is located on the border of Sharjah and Dubai to attract students from both the Emirates.
US Residential Portfolio
DURP was established in 2014 to acquire a diversified portfolio of multi-family residential complexes (Las Villas and Alta Vista in Houston and Ansley at Princeton Lakes in Atlanta) totaling 1,288 units; The properties have been selected due to their proximity to large and growing infrastructure assets in the respective cities.
Queens Gate Residential Portfolio
QGG was established in 2013 for the sole purpose of indirectly acquiring a stunning Grade II listed freehold property in Prime Central London. The property is currently arranged as five self-contained residential apartments located on the southern side of Queens Gate Gardens in the Royal Borough of Kensington and Chelsea. QGG is expected to generate a healthy return on investment.
NurolLife Residential Project
The project is currently under construction in the Seyrantepe area of Istanbul on the European side. NurolLife is being built on a 9,525 square meters plot and will be a project that consists of approximately 500 residential units and 50 offices and two floors of retail units.