Ethos Invest Plans to Raise GBP 1 Billion for Shariah-Compliant Fintech Private Equity Fund 

UK-based Ethos Invest (Ethos) has announced plans to raise GBP 1 billion (USD 1.39 billion) in a Fintech-focused private equity fund targeting Shariah-compliant and ethical small and medium-sized (SME) firms in the UK and globally.

Why it Matters?

The Ethos Financial Services & Technologies Fund (the Fund), which the company claims is on track to be the world’s largest Shariah-compliant Fintech-focused private equity fund, aims to target Shariah-compliant and ethical SMEs in the financial services, technology and related sectors. The Fund is seeking companies aligning with Islamic finance principles, and will tap into the broader and growing market for ethical investments, with a particular focus on boosting financial inclusion in the UK. Acc...