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World’s first Islamic fintech centered on giving receive admission to to world deepest funds, completes its pre-seed funding spherical

London, UK, 11th August 2023, ZEX PR WIRE, Digital investment platform has accomplished a US$500,000 pre-seed spherical funded by traders from the UK, US, Heart East and Singapore.

The spherical will enable Mnaara to develop its crew and continue rising its Shariah-compliant investment solutions catering to the globally underserved mass-prosperous market.

Mnaara is the sector’s first investment platform offering equitable receive admission to to Shariah-compliant world deepest markets funds via a total digital ride. The funds apply strict Shariah screening pointers which limit and set apart a watch on what are thought about non-ethical activities in Islamic finance, comparable to playing, tobacco, alcohol, and arms, besides to producing profits from ardour. Financial pointers are additionally followed with respect to the expend of excessive leverage and financial derivatives.

Saad Adada, founder and CEO of Mnaara, acknowledged: “Right here is a certainly keen time for our industry. We’re making a gateway that allows our clients to make investments in top performing funds with out compromising their values. Our platform democratises receive admission to to deepest markets that were beforehand handiest on hand to the pick out few, via a seamless digital lunge accessible from any place on this planet.

“Our investment approach ensures that all investments are made in keeping with Islamic finance suggestions and pointers. We’re on a mission to enable a neighborhood of Shariah-awake traders by connecting them with the only real investment alternatives globally.

“At expose, these that must diversify their investments, while declaring a Shariah-compliant portfolio, contain extremely restricted alternatives. We certainly feel it can well be essential that deepest markets are open to all, which is why we contain got created Mnaara.”

Mr Adada, has bigger than Twenty years’ ride in investment banking and management roles with some extent of curiosity on Islamic finance and Shariah-compliant investing.  He has held a different of excessive-profile roles inner critical financial institutions in the Heart East, together with Islamic banks and multi-billion US buck household locations of work.

However, Mr Adada has chosen London as the contaminated for Mnaara, because it makes it accessible to Shariah-awake traders in the UK who are very a lot underserved. It is additionally the very most sharp house to execute a product with truthful digital attain for world Shariah-compliant traders wherever they advance from.

The win space is at and the platform would maybe be publicly on hand to eligible traders sooner than the quit of 2023.

Published On: August 11, 2023

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