La gestion des fonds de fonds islamiques de capital investissement pour le développement des pays arabes

The development in Islam is sustainable and stipulates the meeting between capitals and knowledge through the moudaraba formula that gave birth to the current IF!. The Islamic Private Equity Funds are, theoretically, the solution for the failure of the IF1 in the development processes. The direct investment environment of the Arab countries shows heterogeneity; excess of capital in sorne countries, abundance of hum an and natural resources in others and a modest level of knowledge in most of them. A group of Islamic FoF and MoM that mobilizes the capitals to the knowledge infrastructure, namely the innovation (venture capital), the public services (project finance) and the access of the private sector to the Islamic financial services (Islamic Universal Bank) is proposed. This should bring exceptional revenues on capital, contribute in the sustainable development and reduces poverty in the host countries.