IslamicFinanceGuru raises £3m in seed funding to expand its global Islamic finance platform.
The seed round was backed by Outward VC and B&Y Partners alongside strategic angel investors.
IslamicFinanceGuru operates a UK-based platform providing sharia-compliant financial guidance, comparison engines, and proprietary products. The company aims to improve access to suitable financial services for Muslims globally.
IslamicFinanceGuru has secured £3m in a seed financing round backed by Outward VC and B&Y Partners. The capital injection also drew participation from several strategic angel investors, including senior figures from major financial and technology institutions.
Founded as a blog in 2015, the platform has evolved into an online resource delivering expert content on Islamic finance. The company plans to utilise the new funds to develop a unified, personalised platform that serves as a central hub for Muslim investors.
The business currently attracts more than 120k monthly visitors and maintains a significant following across social media channels, offering services that range from comparison tools to digital Islamic wills.
From the founder
"Our focus for the next two years is to build out a scaleable, unified and personalised Islamic finance platform that acts as a one-stop-shop for Muslims looking to invest and track their investments,"
Mohsin Patel
Co-founder at IslamicFinanceGuru
Investor perspective
"The IFG mission is really simple: we want to help bring a quarter of the world’s population back to even keel. For too long Muslims have not had the same access to investing and finance as everyone else, and we are incredibly motivated to change that,"
Ibrahim Khan
Co-founder, IFG.VC
Use of funds
- 01Continue product development
Investors
Categories
About the company
IslamicFinanceGuru
IslamicFinanceGuru provides sharia-compliant financial guidance and investment products for Muslim consumers.