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Amal Invest
AddedMar 22, 2024
UpdatedJul 2, 2026
Amal Invest

Amal Invest

Seed

Amal: Shariah-compliant investing app for ethical Muslim investors.

HQ
Manama, Capital Governorate, BH
Founded
2021
Accelerator
Y Combinator logoY CombinatorW22
Overview
Compare
Fundraising
Employees
Website

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.

Amal Invest - Products & Services

  • Halal Investing App logo

    Halal Investing App

    Amal Invest's halal investing app gives Muslim consumers a mobile platform to buy Shariah-screened stocks and ETFs.

    Competing Products

    Wahed Invest logo

Amal Invest - Similar Companies

Wahed Invest logo

Wahed Invest

wahedinvest.com

Amal Invest - Quick Facts

Who are Amal Invest's competitors?

Companies similar to Amal Invest include Wahed Invest.

When was Amal Invest founded?

Amal Invest was founded in 2021.

Where is Amal Invest's headquarters located?

Amal Invest's headquarters is located in Manama, Capital Governorate, BH.

When was Amal Invest's last funding round?

Amal Invest's most recent funding round was for $500k (USD) in March 2022.

How much has Amal Invest raised to-date?

As of Mar 22, 2022, Amal Invest has raised a total of $500k (USD).

How many employees does Amal Invest have?

Amal Invest has 1 employee as of Feb 24, 2024.

Amal Invest - Classification

Ownership
  • Venture Capital
Technology
  • FinTech
Geographic Exposure
  • Global
Revenue
  • Recurring
  • Software
  • Transactional
Customer
  • Consumers
Tags
  • API
  • SaaS
NAICS
  • 520000Finance and Insurance
SIC
  • 6000Depository Institutions
Show 9 more industry codes
NAICS
  • 522000Credit Intermediation and Related Activities
  • 522300Activities Related to Credit Intermediation
  • 522320Financial Transactions Processing, Reserve, and Clearinghouse Activities
SIC
  • 6200Security And Commodity Brokers, Dealers, Exchanges, And Services
  • 8700Engineering, Accounting, Research, Management, And Related Services
  • 6280Services Allied With The Exchange Of Securities Or Commodities
  • 8740Management And Public Relations Services
  • 6282Investment Advice
  • 8742Management Consulting Services