Advantages and Philosophy of Kuwait Based Venture Capital Fund Faith Capital Holding

Mohammed Jaffar, Deputy Chairman and CEO of Faith Capital Holding, explains what makes FCH different from other investment firms in Kuwait, explaining what are the competitive advantages of the venture capital fund, as well as the philosophy behind it.

“Basically, I am a founder, and I am still a founder. I am not only an investor. After exiting my previous company, I ventured into a new one. At the same time, I set up Faith Capital to invest back into the ecosystem. A lot of the VCs (venture capital) in this area are backed by investment bankers, not by founders. We are different. We are founders more than investment bankers. For any company, for any founder, it is good to have both people on the cap table; it is good to have investment bankers on the cap table, it is good to have like-minded founders on your cap table. Given that we are founders ourselves and we go through those difficult day to day hardships, we can add value in another way”, says Mohammed Jaffar.

“I am working very, very hard to show that people like us, Arabs and Muslims, are able to build great companies, great multinational businesses that can go to the next level, similar to our brothers in the West. We have also invested in companies that can go to the next level. Of course, when it comes to investments, you are not the person driving the company, you are the person sitting in the backseat. In the company that I run personally; it is the other way around. I am the guy driving the car, driving the company, and my investors are sitting in the backseat. Of course, our focus is on Shariah compliant companies”, he adds.

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