Arbah Global, a Bahrain based investment arm of Arbah Capital, an Islamic wealth management firm in Saudi Arabia, said it has launched the Arbah Nanotechnology Fund.

The fund is a Shariah compliant private equity fund that will invest in shares and equity-oriented securities of companies with an emphasis on global nanotechnology companies including technology and biotechnology companies which benefit from nanotechnology.

“The investment is aimed at providing Arbah Global’s investors across the GCC and beyond with access to a unique investment. We are confident that we have positioned the fund to benefit from the strong market dynamics this new technology will condition,” explained Dhafer Alqahtani, chief executive of Arbah Global.

“It is an extremely interesting time to be investing in the world of nanotechnology. The possibilities with nanotechnology are endless. Nanotechnology-enabled products are already being used in industry,” said Mr Alqahtani.

The manager of the fund is James Berlino.