Middle Eastern private investment and advisory firm Injazat Capital is launching a $100 million Islamic-compliant healthcare fund this month.
Known as the Shefa Fund, it will have a unique structure. “The healthcare industry in the region is largely owned by doctors,” says Hussein Rifai, chief executive of Injazat Capital, “but often these doctors’ families do not want to continue in the business. We will take a hospital and separate the real estate from the healthcare provision, buy the healthcare [tranche] and create a single management company.
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