National Capital, a CMA-licensed capital market institution in Saudi Arabia, has engaged the Shariyah Review Bureau (SRB) to provide expert Sharia supervisory board services, ensuring comprehensive compliance at both the company and fund levels.
Established in 2019, National Capital targets high-impact local sectors like defense, real estate, healthcare innovation, education, AI, and cybersecurity.
This engagement ensures that National Capital’s alternative investments services, funds including PE, RE, VC, Financing; and investment activities will be structured and operated in full compliance with Sharia principles.
Driven by Saudi Arabia’s Vision 2030, private equity and venture capital investments have surged, rapidly expanding the Kingdom’s asset management sector. CMA reports highlight double-digit growth in assets under management, reflecting strong investor demand for local and diversified opportunities.
Fahad Bushager, Chief Executive Officer of National Capital, highlighted the immense opportunities in these sectors. He emphasized that beyond supporting Saudi Vision 2030, the company’s role is to structure investments that generate long-term value while aligning with the ethical expectations of its stakeholders.
Fahad Bushager CEO – National Capital
“Ensuring Sharia compliance at both the company and fund levels is essential to building investor confidence and accessing wider pools of capital. SRB’s depth of expertise and proven track record with investment firms Sharia compliance in the Kingdom of Saudi Arabia made them the natural choice to guide us in this journey.”
Yasser S. Dahlawi, CEO of Shariyah Review Bureau, stated that, “Saudi Arabia’s asset management and private equity space is entering a new era of growth, driven by Vision 2030 and the demand for ethical, Sharia-compliant structures. We are pleased to be working with National Capital and will continue to provide the Sharia governance support needed to strengthen investor trust and ensure adherence to Sharia principles across their investment activities.”
