Global Investment House has started its first GCC education funding program in Kuwait through its subsidiary Al Rayan Holding, in partnership with Al Ahli Bank of Kuwait, a report said.

Kuwait-based Al Rayan is a Sharia-compliant education specific holding company with a mission to build educational infrastructure in Kuwait, according to the Gulf News report.

Al Rayan buys and runs educational institutions and currently it owns five schools in Kuwait.

'The educational financing programme aims to help parents cover the tuition fees of their children in convenient installments. This will give parents an opportunity to enrol their kids at leading schools in Kuwait,' said Shailesh Dash, senior vice-president at GIH.