SR1 billion SME Fund to promote enterprises: Al Aboodi

A SR1 billion SME Fund is programmed to promote the growth of Small and Medium Enterprises, or SMEs.
Khaled M. Al Aboodi, CEO, and general manager of the Islamic Corporation for the Development of the Private Sector, or ICD, private sector arm of the Islamic Development Bank Group stated that the fund should be Shariah-compliant and could take the form of a declining ‘musharaka’, which could address the issues.