Fajr Capital

Dubai’s Fajr Capital sells its stake in Bank Islam Brunei

Dubai-based Fajr Capital has completed its divestment from Bank Islam Brunei Darussalam (BIBD) to Brunei Investment Agency. Fajr Capital stated that this transaction marks another successful exit for the firm, following several recent high-profile divestments. The bank’s transformation journey resulted in enhanced customer experience through the introduction of internet banking and new digital platforms, international expansion and improved financial performance with the bank’s net income more than doubling.

Sovereign wealth funds uplift Muslim world with Fajr Capital

Backed by sovereign funds Iqbal Khan and his private equity firm Fajr Capital invests for financial and social returns ins Muslim countries. Fajr is a union of institutions that have high credibility and share the same values. CEO Iqbal Khan sees it as his mission to broaden the educated Muslim middle class.

Fajr Capital scoops Deal and Firm of the Year accolades at the Global M&A Network's EMEA Awards

Fajr Capital has been recognised as the Middle East's "Private Equity Firm of the Year" at the Global M&A Network's Atlas EMEA Awards 2015. The company also collected the "Middle East Deal of the Year" award for leading a consortium of investors to acquire the Dubai-based oilfield services company, National Petroleum Services. Headquartered in the Dubai International Financial Centre, Fajr Capital has a portfolio consisting of companies operating across a range of demographic-driven sectors, including: financial services, infrastructure, education, manufacturing and renewable energy, among others.

Investor group led by Fajr Capital buys stake in GEMS Education

The investor group has acquired a significant minority stake in Gems Education’s emerging markets business, covering the Middle East, North Africa and East Asia.
Mumtalakat Holding Company, the investment arm of Bahrain, and Tactical Opportunities funds managed by Blackstone are the other partners in the investment consortium. Gems Education, a UAE-grown global brand that was founded 54 years ago, and is now the world’s largest provider of K-12 private education — operating more than 50 schools, educating over 140,000 students and employing over 13,000 people across 19 markets in the Middle East, North America, Europe, Asia and Africa.

Waqaf, zakat are areas of growth in Islamic finance

As the global hub of Islamic finance, waqaf and zakat (tithe) management are key areas of growth for Malaysia. In a public lecture titled "Our Markets, Our Values — A principles-based approach to creating value in Muslim majority markets" in Kuala Lumpur, Iqbal Khan - CEO of Fajr Capital Ltd - pointed out that the goof position of Malaysia and the already existing regulations provide a stable ground for a number of areas of growth in terms of Islamic finance. His lecture particularly stressed on developments and key issues in the Muslim-majority markets.

Bank Islam Brunei sells stake to Fajr Capital

Bank Islam Brunei Darussalam (BIBD) has sold an undisclosed minority stake to Dubai-based Islamic investment firm Fajr Capital as the Asian bank bids to extend its international reach.
Brunei's government has a 45 percent stake in the bank, while the Sultan of Brunei's charitable foundation owns a 25 percent stake.
Javed Ahmad, managing director at BIBD, declined to comment on the exact size of the deal or its value, but when talk surfaced last June that a stake sale might be in the offing,

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