All praise is due to Allah-Karim, and our countless salutations to Prophet Muhammad (PBUH & HF). Truly Allah-Karim is the best Planner, reveals that among His believers, those who excel in deeds of goodness by His permission. Excellence is truly remarkable, and it is these foremost individuals who will be prioritized in receiving their rewards in the hereafter, on the day of judgment. Those who are at the forefront in their deeds will enjoy the closest proximity to Allah. The Quran underscores the virtue of leading in righteous actions and highlights the special status and nearness to Allah that accompanies such devoted efforts. (Editor's note: Revised for clarity and improved flow of content) 

AMBUL Islamic Impact Equity Fund Inc. operates with unwavering commitment to the directives of the Commissioner, as outlined in the judgment of January 11, 2024. As a private equity placement and venture capital fund, we are dedicated to raising funds in alignment with the United States President Biden's Investing in America Agenda and the economic development goals of the Office of Texas Governor Abbott, specifically fostering foreign direct investment from Saudi Arabia and UAE (https://gov.texas.gov/business/page/foreign-direct-investment). Notably, Texas Governor Abbott's recent visit to India further underscores our shared objectives.

 

Our primary focus revolves around the well-being of 10 million Americans permanently living abroad. In pursuit of this vision, we have established AMBUL Islamic Impact Equity Fund Inc., duly incorporated by the Secretary of State of Texas (File # 804608750). We hold federal registrations under the Foreign Account Tax Compliance Act (FATCA), operating as a Money Services Business (MSB) regulated by the Financial Crimes Enforcement Network (FinCEN) and licensed under the Bank Secrecy Act of the U.S. Department of the Treasury.

 

Under the umbrella of AmBuL Equity Fund, we are proud to be associated with the Innovative Islamic Investment in the United States of America (https://www.iiiusa.org/), a subsidiary that functions as an innovative financial intermediary fund. Our unique positioning as a "fund of funds" within the domain of Islamic finance allows us to participate in participatory investment principles, acting as a private equity and venture capital consortium.

 

Operating as a US multinational enterprise, AmBuL Equity Fund engages in diversified for-profit business operations globally. Upholding legal integrity, our financial institutions hold a 19-digit Global Intermediary Identification Number (GIIN) under the Bank Secrecy Act, assigned by the U.S. Department of the Treasury. This GIIN facilitates efficient and secure cross-border transactions.

 

Furthermore, AmBuL Equity Fund has applied to the establishment of a master account at the Federal Reserve Bank Dallas Houston Branch. By the Grace of God, we got permission, with the open of master account, we will be eligible for American Bankers Association (ABA) membership, accompanied by a 9-digit ABA number for transactions within the United States through the Automated Clearing House (ACH).

 

As of December 31, 2023, our audited financial statement reflects the fund's status as a private equity pooled investment fund, showcasing sponsors' equity at USD 270 million in tangible assets. We are poised to contribute meaningfully to the economic landscape, adhering to the highest standards of transparency and compliance.