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Business Services

QDB Ithmar (Seed Funding) Program

  • Last Updated 11 Jan, 2021
  • Service Type : E-Service
  • Service Mode : Hybrid (Online and Offline)
  • Service Provider : Qatar Development Bank
  • Service Classification : G2C, G2B
  • Topic : Business and Finance
Intended Audience
Citizen:Parent, Business Owner, Employee

Description

Ithmar (Seed Funding) program provides Qatari entrepreneurs with the support and equity capital necessary to start their business. The aim of the program is to build a new generation of Qatari entrepreneurs and promote economic diversification in Qatar enabling robust private sector business opportunities for Qataris.

Online Instructions

Enter the required data and attach the following documents:

  • QID of the owner
  • Business Model - Feasibility Study
  • CV
  • Choose “Seed Funding” from the list of "Services you are interested in”
  • Enter the verification word
  • Agree on the terms and conditions
  • Submit the application

Additional Information

  • ​​ QDB finances up to 90% of the funding needed for the project (10% financed by the entrepreneur) with a maximum investment limit of QR 900k.
  • Ithmar is a Shari'a-compliant equity product that is structured through a convertible Musharaka agreement, and which works as follows:
  • QDB and the client will merge their capital with the aim of making profit, whereby the funding will be done through a convertible Musharaka contract that can later be converted into shares.
  • The convertible Musharaka contract is automatically renewed on an annual basis.
  • After conversion into shares, QDB's existing Istithmar (SME equity) program criteria will apply.
  • The program is available for Qatari individuals, or teams with active Qatari members, who are above 18 years old, who have innovative sustainable and scalable businesses.
  • ​The program includes all sectors (except trade, real estate and contracting).​​
  • For more details, you can check the service information page on QDB’s website.

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