Venture Capital is a form of Private Equity (PE) and type of financing to startups companies or small businesses. The financing goes to businesses that have high growth potential that can scale and provide the needed return that investors desire.
While Islamic Venture Capital is similar to conventional VC, the difference is that IVC must provide financing into business that are Shariah compliant.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features Mr. Habeeb Gbenle, Fund Accountant and Sharia Compliance Officer at Capital Trust.
He speaks on the "Prospect for the Growth of Islamic Venture Capital In Nigeria".
According to him, the development of innovation hubs that are focused on Sharia-Compliant start-ups, will attract Islamic Venture Capital firms into Nigeria.