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The Nexus
BUSINESSJul 2 · 11:13 UTCSEMAFORMatthew Martin

US asset manager to launch Sharia-compliant credit fund

Scoop Principal Asset Management, a Iowa-based firm managing over $590 billion, plans to launch a Sharia-compliant US private credit fund targeting Gulf family offices and institutional investors. The fund, developed with a Saudi institution, will avoid interest-based transactions and focus on recession-resilient sectors like education and automotive repair. It aims to provide Sharia-compliant alternatives to Gulf investors seeking US private credit opportunities.

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Scoop Principal Asset ManagementorganizationSaudi institutionorganizationIslamic lawtopicSharia-compliant credit fundtopicearly childhood educationtopicPlumbingtopicautomotive repairtopicGulf sovereign wealth fundsorganization
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