On Monday, June 10, the private equity firm, Khuwaylid Capital, announced the launch of Khuwaylid Capital Fund I, the very first Islamic impact investment fund in French-speaking Africa.

The first Islamic investment fund Khuwaylid Capital Fund I aims to catalyze the halal economy by promoting the emergence of SMEs with a high economic, social, environmental impact and aligned with Islamic finance practices. With a target amount of 5 billion CFA francs, the fund supported by African investors, such as the Senegalese financing company MMA Holdings, has already completed a first closing, the amount of which has not been disclosed. According to Diago Dieye (photo), its founder and CEO, “Khuwaylid Capital is ready to make a tangible difference by investing in high-impact companies that respond to critical socio-economic