Ithmar is an equity financing 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 by providing support and equity capital to Qatari entrepreneurs to help them start their business. By doing so, QDB promotes economic diversification in Qatar enabling robust private sector business opportunities for Qataris.
QDB will finance up to 90% of the project (10% financed by the entrepreneur) with a maximum investment limit of 900k qar per startup.
Ithmar is a Shari'a-compliant equity product that is structured through a convertible Musharaka agreement, and which works as follows:
A company that is eligible for investments either through convertible investments or direct equity, must have the following attributes:
In addition to the above, QDB also invests in venture capital funds internationally provided that the investments: