Launch Partners

Tuesday, October 4, 2022

Launch Partners

Fund Focus: Jadwa Balanced Fund for Social Development and Jadwa Conservative Fund for Social Development

Investment management and advisory firm Jadwa Investment has partnered with the Saudi Ministry of Human Resources and Social Development to launch two new funds aimed at developing the non-profit sector in the Kingdom.

“Non-profit organizations play an important role in any society. Their programs serve, assist and empower disadvantaged individuals, families and communities across the Kingdom.

“The ministry is keen to develop the financial resources and capabilities of non-profit organizations, and to empower them to achieve their goals by expanding and diversifying their sources of income,” said Vice-Minister Majed AlGhanmi.

Through these two investment funds, the Jadwa Balanced Fund for Social Development and the Jadwa Conservative Fund for Social Development, the ministry and Jadwa will offer all licensed non-profit organizations a Shariah compliant investment platform that aims to preserve and grow their capital over the long term.

Participating non-profit organizations are able to select between balanced and conservative strategies to invest their capital across asset classes. As the sole fund manager, Jadwa will provide support to ensure that the invested capital is managed in line with their investment objectives, risk appetite and liquidity requirements.

The partnership comes on the back of Jadwa’s initiatives and partnerships with other government agencies to develop the non-profit sector in the Kingdom. In April 2021, Jadwa signed an MoU with the Ministry of Human Resources and Social Affairs to launch two investment funds for the purpose of supporting the development of the non-profit sector in the Kingdom.

Meanwhile in October 2021, the investment firm rolled out a Waqf investment fund in partnership with the Ministry of Justice to support the basic needs of families facing a loss of income due to litigation or instability.

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