Record Asset Management GmbH, a part of Record Financial Group (Record plc), in collaboration with OWI Group PLC, a global institutional sharia-compliant investment platform, is proud to announce the launch of the world’s first Deep Tier Supply Chain Sharia-compliant fund, aiming to raise USD 1 billion.
The fund will be managed by RAM, supported by Khalij Group (“Khalij”), a renowned, award-winning Islamic investment and advisory firm, authorized and regulated by the FCA. Headquartered in the UK, Khalij serves a global clientele with a widespread international presence.
This groundbreaking fund will leverage a diverse mix of international investors, including family offices and development financial institutions, and will be distributed across multiple European, Asian, and Middle Eastern markets.
The fund’s innovative strategy aims to bridge the significant trade finance gap by channeling essential liquidity to underserved borrowers with strong creditworthiness and attractive returns. By aligning Sharia principles with the UN Sustainable Development Goals, the strategy offers a holistic solution to enhance access to Islamic financing for deeper-tier suppliers. This initiative specifically targets SMEs in Tiers 2, 3, and 4 of global supply chains, fostering inclusive growth and resilience in underserved markets worldwide.