IsDB to Invest USD 5.5 Million in Waqf Medical Commercial Complex in Lebanon

https://islamicmarkets.com/articles/isdb-to-invest-usd-5-5-million-in-waqf-medical-commercial
Copy URL

Islamic Development Bank (IsDB) will partially finance the development of a Waqf Medical Commercial Complex in Tripoli, Lebanon.

The medical complex will consist of retail spaces and medical functional areas that will be rented out to generate a sustainable income for the Islamic Medical Association (IMA), a non-governmental organization specializing in providing healthcare services in Lebanon.

IsDB will contribute USD 5.5 million out of a total estimated cost of USD 7.98 million to complete the project. The remaining amount of USD 2.48 million will be contributed by IMA, the beneficiary.

In addition, the project will be constructed on a 1,950 sq...