What is the Charitable Investment Fund to Support People with Disabilities “Ataa”?

Capital market legislation defines a charitable investment fund as an investment fund whose distribution of profits and returns resulting from its investments is limited to spending on social or charitable purposes, through associations or civil institutions or government agencies or their affiliates related to charitable activities.

As for those who invest in the fund, i.e. finance the fund through the purchase of its documents, they are all those who are interested in the social and charitable purposes that the fund sponsors and finances in light of its prospectus. These philanthropists can be individuals, companies or other entities.

The regulation of charitable investment funds requires that they be managed by an investment manager licensed by the Financial Regulatory Authority and that the document holders of these funds meet within a document holder group that follows up on the results of the fund’s work.