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.
The program aims to build a new generation of Qatari entrepreneurs or Qatari based companies by providing support and equity capital to Qatari entrepreneurs or Qatari based companies to help them start their business. By doing so, QDB promotes economic diversification in Qatar by enabling robust private sector business opportunities.
QDB will fund up to 90% of the project (10% funded by the entrepreneur) with a maximum investment limit of QAR 1.825 million per startup.
Ithmar is a Shari'a-compliant equity product that is structured through a convertible Musharaka agreement, and which works as follows:
* 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.
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