UAE - Mubasher: The UAE-based Gulf Islamic Investment (GII), a Shari’ah-compliant financial services company, will open an office in Bengaluru in India and plans to invest another $500 million in India over the next three years.

GII also seeks to partner with Indian startups and companies to support their Middle East expansion plans, according to a press release on Tuesday.

In 2020, GII invested in significant minority stakes across a portfolio of healthcare companies in India, including a chain of multispecialty hospitals and the in-vitro diagnostics firm.

The Founding Partners and Co-CEOs of GII, Mohammed Alhassan and Pankaj Gupta, said: "Given the success of our preliminary investment rounds through the India Growth Portfolio series, valued at over INR 1,000 Crores, we look forward to expanding our footprint in India and strategically contributing towards enhancing the India- UAE investment corridor."