Mnaara secures £390k in pre-seed funding from international backers to expand its team and develop Shariah-compliant investment products
The pre-seed round was backed by investors from the UK, US, Middle East, and Singapore.
Mnaara operates a digital investment platform providing access to Shariah-compliant global private markets funds. The firm is headquartered in London.
London-based digital investment platform Mnaara has secured £390k in a pre-seed funding round. The capital was backed by international investors hailing from the UK, US, Middle East, and Singapore.
The freshly secured funds will be allocated towards expanding the team and advancing the development of the firm's Shariah-compliant investment offerings. Mnaara caters primarily to the globally underserved mass-affluent demographic seeking ethical investment avenues.
The platform provides equitable digital access to private markets funds adhering to strict Islamic finance principles, screening out non-ethical activities such as gambling and interest generation.
From the founder
"This is a very exciting time for our business. We are creating a gateway that allows our clients to invest in top performing funds without compromising their values. Our platform democratises access to private markets that were previously only available to the select few, via a seamless digital journey accessible from anywhere in the world."
Saad Adada
Founder and CEO at Mnaara
Use of funds
- 01Grow the team
- 02Continue product development
