Alkhair Capital Dubai, a financial services company offering a comprehensive range of Shari’ah-compliant investment solutions, has launched Alkhair Capital Healthcare Sector Fund, the Islamic healthcare liquidity Fund domiciled in Dubai International Financial Centre (DIFC) with a target size of USD 100 million.
The Shari’ah-compliant Fund, designed with an open-ended structure, is poised to invest in enterprises harnessing cutting-edge Artificial Intelligence (AI) to bolster healthcare providers,” stated the company addressing the media in Dubai.
Alkhair Capital has partnered with Klaim Technologies, a fintech firm that provides AI-powered solutions for assessing insurance claims, aimed to deploy proactive investment management approaches to meet objectives of the Fund.
The UAE health sector currently has an estimate4d USD 1.2 billion in medical claims caught in processing. According to the company, healthcare facilities encounter a delay of 112 days on average to receive 90 percent of their payments from insurance companies. The fund has been launched with the primary aim of addressing one of the most formidable challenges within the sector, estimated to encompass USD 100 billion in spending within the GCC, it said.
Based in DIFC, Alkhair Capital Dubai provides tailor-made, Shari’ah-compliant investment strategies in asset management, advisory services, and private equity.
Also published on Medium.
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