Amal Invest's halal investing app gives Muslim consumers a mobile platform to buy Shariah-screened stocks and ETFs.
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Amal Invest
Amal: Shariah-compliant investing app for ethical Muslim investors.
Amal: Shariah-compliant investing app for ethical Muslim investors.
Founded with the mission to simplify ethical investing for Muslims, Amal Invest offers a specialized investing app that ensures all investment options are Shariah-compliant. The app addresses the complexity of identifying compliant businesses by using advanced financial metrics and filters. Users can set up their preferences once and gain access to a curated selection of stocks and funds that meet their specific ethical and religious requirements. Amal Invest aims to empower Muslim investors by providing a seamless and trustworthy platform for ethical financial growth.
Notable figures affiliated with Amal Invest include experts in both Islamic finance and technology, though specific names are not publicly highlighted. The startup has garnered attention for its innovative approach to ethical investing, attracting interest from investors focused on fintech and socially responsible ventures. Key achievements include the successful development and launch of their app, which has been well-received within the Muslim community. Amal Invest's impact lies in its ability to democratize access to Shariah-compliant investments, making ethical investing more accessible and manageable for Muslims worldwide.
Companies similar to Amal Invest include Wahed Invest, Kestrl: Muslim Money App, Baraka and Alinea.
Amal Invest was founded in 2021.
Amal Invest's headquarters is located in Manama, Capital Governorate, BH.
Amal Invest's most recent funding round was for $500k (USD) in March 2022.
As of Mar 22, 2022, Amal Invest has raised a total of $500k (USD).
Amal Invest has 1 employee as of Feb 24, 2024.
Baraka
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