IslamicFinance.de

Islamic Corporation for the Development of the Private Sector & AIM have signed an MOU to consider establishing a joint venture company, to be called Al Hayat Capital, to manage renewable energy investments. Al-Hayat is intended to be incorporated offshore and targets to raise $250 000 000 through its first Fund. The Fund will be invested in accordance with the principles of Sharia'a in Green Energy Infrastructure projects located in member countries of the Organization of the Islamic Conference.