shariah-compliant-investing
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Shamoon Tariq Is Turning Pakistan’s Mattress Money Into a Market
After years investing across frontier markets from Sweden, Muhammad Shamoon Tariq returned to a harder brief: make regulated saving ordinary in Pakistan. Mahaana’s digital accounts, Islamic funds and retirement platform are his attempt to replace paperwork and inertia with a habit.
Malaa | ملاءة
Malaa (ملاءة) is a Riyadh-based fintech that became Saudi Arabia's first licensed open banking product. Its consumer app lets people link all their bank accounts in one place, track spending, and invest in Shariah-compliant, professionally managed portfolios at what it says is the lowest management fee in the Kingdom. Founded in 2020-2021 by Ali Alorainy and Faisal Alqarni, Malaa is regulated by both the Saudi Central Bank (SAMA) and the Capital Market Authority (CMA), and raised a $17.3M Series A in 2024 led by SNB Capital.