Jordan Capital & Investment Fund

What Jordan Capital & Investment Fund does

Jordan Capital and Investment Fund (JCIF) is Jordan's largest private-sector investment fund, established in 2021 and launched in 2022 with JOD 275 million (USD 388 million) of committed capital contributed by 16 Jordanian commercial and Islamic banks. JCIF was registered as the first investment fund under Jordan's Investment Environment Law of 2022 at the Ministry of Investment in late 2023. The fund acquires significant minority stakes in growth-stage Jordanian companies across four verticals: Food & Agriculture (Al Jazeera Agriculture, Sinokrot Poultry Farms, Al-Shaikh Cheese), Healthcare (NatHealth), Knowledge Economy (Jo Academy, Aqaba Digital Hub), and General Manufacturing (Horizon for Plastic Products). To date JCIF has deployed over JOD 111 million across 8 portfolio companies, which together employ more than 1,500 people and export to over 15 countries.

JCIF operates two investment vehicles - the core Jordan-focused fund and Manara Ventures, a JOD 50 million (USD 70.5 million) Sharia-compliant technology scale-up fund established in Abu Dhabi Global Market (ADGM) in May 2026 with backing from Abu Dhabi-based institutional investor Lunate. Manara Ventures targets Jordanian technology founders with cheque sizes of USD 750,000 to USD 3 million and aims to invest in more than 20 growth-stage companies. The fund does not develop proprietary technology; its products are capital allocations, strategic guidance, and access to the consortium banks' distribution networks.

JCIF's revenue model is private-equity-style: returns are generated through equity appreciation, dividends, and exits from portfolio companies rather than management fees on external capital, since the fund is closed-end and wholly owned by its 16 founding banks. The fund operates with a lean investment team led by CEO Faris Sharaf (former Governor of the Central Bank of Jordan) and governed by a board drawn from the banking consortium. Deal sourcing is primarily direct and relationship-driven, leveraging the banking shareholders' corporate-banking books; portfolio companies gain access to debt financing, export-market introductions, and operational know-how in addition to equity capital.

Name

Jordan Capital & Investment Fund

Legal name

Jordan Capital and Investment Fund Management Company

Website

https://jcif.jo

Company type

Private

Founded year

2021

Operating status

Operating

Short description

Jordan Capital and Investment Fund (JCIF) is Jordan's largest private-sector investment fund, deploying JOD 275 million of bank-sourced committed capital into minority growth-stage stakes across food/agriculture, healthcare, knowledge economy, and manufacturing. It also runs Manara Ventures, a JOD 50M Sharia-compliant tech scale-up fund.

Ownership category

akta.pro rank

Product category

Private Equity / Growth Capital

NAICS

Other Investment Pools and Funds (5259), All Other Financial Investment Activities (52399), Other Financial Vehicles (52599)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Private equity fund
• Growth capital
• Minority equity investments
• Venture capital
• Portfolio investment management

Headquarters

HQ city

Amman

HQ country

Jordan

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Equity Investment Returns: JCIF generates returns through equity investments in portfolio companies, acquiring minority stakes and providing growth capital. Returns are realized through exits, dividends, or appreciation in portfolio company valuations.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Jordan Capital & Investment Fund (JCIF) is Jordan's largest private sector investment fund, deploying JOD 275 million (USD 388 million) of committed capital into growth-stage Jordanian companies across Food & Agriculture, Healthcare, Knowledge Economy, and Manufacturing sectors. The fund acquires minority equity stakes and provides strategic capital to support expansion, export growth, working capital, and job creation. It also operates Manara Ventures, a JOD 50 million Sharia-compliant scale-up fund for technology companies.

Product overview

Jordan Capital and Investment Fund (JCIF) operates as Jordan's largest private sector investment fund with JOD 275 million in committed capital, structured as two investment vehicles owned by 16 Jordanian commercial and Islamic banks. The fund manages a diversified portfolio across four key sectors: Food & Agriculture, Healthcare, Knowledge Economy, and Manufacturing. JCIF's product suite includes its core investment fund and Manara Ventures, a JOD 50 million technology scale-up fund established in Abu Dhabi Global Market as a Sharia-compliant platform to support Jordanian tech founders with growth-stage investments.

Differentiator

Problem solved

Functional benefit

Products and services

• JCIF Growth Capital Investment Fund Jordan's largest private sector investment fund with JOD 275 million (USD 388 million) in committed capital, providing growth-stage equity capital to promising Jordanian companies across Food & Agriculture, Healthcare, Knowledge Economy, and Manufacturing sectors. The fund acquires minority stakes in companies with expansion potential, export capability, and job creation opportunities.
• Manara Ventures Scale-Up Fund A JOD 50 million (approximately USD 70.5 million) Sharia-compliant scale-up fund targeting Jordanian technology founders, investing in over 20 growth-stage companies with cheque sizes ranging from USD 750,000 to USD 3 million. Established in Abu Dhabi Global Market (ADGM) with backing from regional institutional investors including Lunate.

Quantifiable outcome

• Over 1,500 jobs created across portfolio companies including Al Jazeera Agriculture
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Jordan Phosphate Mines Company (JPMC)coreStrategic or Co-development Partner · 30 May 2024Strategic partnership with JPMC to establish a feed additives manufacturing facility in Aqaba, producing monocalcium phosphate (MCP) and dicalcium phosphate (DCP) for export. The joint venture diversifies Sinokrot's operations and creates new revenue streams.

Scale indicators5 records

Recent moves8 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key risks3 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jordan-capital-investment-fund-management-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jordan Capital & Investment Fund