Interested in Capital Seed Funding Program?
ITHMAR (SEED FUNDING)
Ithmar is an equity funding program compliant with the Islamic Shari'a. The program is an integrated and comprehensive approach that provides entrepreneurs with the required funds to establish a business in Qatar.
What’s the process?
Application
Screening
Due Diligence
Funding
KEY CRITERIA FOR CONSIDERATIONS
- Clear investment objective: To have a clear understanding of the problem or challenge that needs a solution and how the business idea solves that problem or challenge.
- Investment within priority areas: To be in one of the priority areas of investment, such as innovative business ideas and/or knowledge-based concepts with added value and potential to grow. Mostly, the area of focus is on the delivered services to the customers.
- Proven concept with ready MVP: To have a tested MVP or clear service concept that evidently leads to solving concerned problem challenge identified.
- Customer validation: To have a clear market understanding and business model including the monetization plan. Knowing what are the strengths and weaknesses of the business and the opportunities and threats in the market.
- Business growth outlook: To have a clear business and risk mitigation plan. The plan needs to include the growth dimension, in order to scale the business to regional and potentially international markets.
- Qualified management team: To have a qualified management team which possesses both management and technical knowledge, good level of commitment.
- Capital contribution: To be able to contribute a minimum of 10% of the total investment capital required.
- * Applicants should note that they will go through an evaluation process by our team of experts in order to determine the feasibility of the project.
Who Benefits from Ithmar?
- Ithmar supports Qatari-based companies, Qatari individuals, teams with active Qatari involvement, and founders, who should be over the age of 18, focusing on high-impact, sustainable ventures in key sectors aligned with our strategic goals and focus.
Frequent Asked Questions
FAQs
What is Ithmar?
Ithmar is an equity funding program compliant with the Islamic Shari'a. The program is an integrated and comprehensive approach that provides entrepreneurs with the required funds to establish a business in Qatar.
How does Ithmar work?
Ithmar is a Shari’a-compliant equity product that is structured through a convertible Musharaka agreement or an equivalent instrument, and which works as follows:
o QDB and the client will merge their capital with the aim of making profit, whereby the funding will be done through a convertible Musharaka agreement or an equivalent instrument.
o QDB will convert the holding into shares in the following funding round.
o QDB and the client will merge their capital with the aim of making profit, whereby the funding will be done through a convertible Musharaka agreement or an equivalent instrument.
o QDB will convert the holding into shares in the following funding round.
Who Benefits from Ithmar?
Ithmar supports Qatari-based companies, Qatari individuals, teams with active Qatari involvement, and founders, who should be over the age of 18, focusing on high-impact, sustainable ventures in key sectors aligned with our strategic goals and focus.
What is the key criteria for consideration?
o Clear investment objective: To have a clear understanding of the problem or challenge that needs a solution and how the business idea solves that problem or challenge.
o Investment within priority areas: To be in one of the priority areas of investment, such as innovative business ideas and/or knowledge-based concepts with added value and potential to grow. Mostly, the area of focus is on the delivered services to the customers.
o Proven concept with ready MVP: To have a tested MVP or clear service concept that evidently leads to solving concerned problem challenge identified.
o Customer validation: To have a clear market understanding and business model including the monetization plan. Knowing what are the strengths and weaknesses of the business and the opportunities and threats in the market.
o Business growth outlook: To have a clear business and risk mitigation plan. The plan needs to include the growth dimension, in order to scale the business to regional and potentially international markets.
o Qualified management team: To have a qualified management team which possesses both management and technical knowledge, good level of commitment.
o Capital contribution: To be able to contribute a minimum of 10% of the total investment capital required.
o Investment within priority areas: To be in one of the priority areas of investment, such as innovative business ideas and/or knowledge-based concepts with added value and potential to grow. Mostly, the area of focus is on the delivered services to the customers.
o Proven concept with ready MVP: To have a tested MVP or clear service concept that evidently leads to solving concerned problem challenge identified.
o Customer validation: To have a clear market understanding and business model including the monetization plan. Knowing what are the strengths and weaknesses of the business and the opportunities and threats in the market.
o Business growth outlook: To have a clear business and risk mitigation plan. The plan needs to include the growth dimension, in order to scale the business to regional and potentially international markets.
o Qualified management team: To have a qualified management team which possesses both management and technical knowledge, good level of commitment.
o Capital contribution: To be able to contribute a minimum of 10% of the total investment capital required.
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