Egyptian fintech startup Sabika has secured a six-figure USD investment led by M-Empire Angels to enhance its Sharia-compliant digital gold and silver investment platform and expand its operations into Saudi Arabia in 2025.
Founded in 2022 by Ibrahim Anwar and Mohammed Darwish, Sabika offers individuals and businesses a secure, transparent, and asset-backed digital investment experience in line with Islamic finance principles. The platform has gained significant traction, reaching over 20,000 users across 27 cities in Egypt and facilitating more than EGP 120 million (approximately USD 2.4 million) in transaction volume—achieved organically without paid marketing.
The new capital will be utilized to integrate AI-driven features into the platform, enhancing user experience and operational efficiency. Additionally, the funding will support Sabika’s planned expansion into the Saudi market, aiming to meet the growing demand for Sharia-compliant investment solutions in the Gulf region.
Sabika’s commitment to adhering to the AAOIFI Shari’ah Standard on Gold ensures that all transactions buying, selling, and holding comply with contemporary Islamic jurisprudence. This dedication to ethical finance, combined with smart technology, positions Sabika as a trusted platform for users seeking to protect and grow their wealth through real, asset-backed investments.
With the support of M-Empire Angels and a clear focus on innovation and ethical finance, Sabika is poised to redefine digital investment in Egypt and the broader Middle East region.
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