Egypt’s Sabika Secures Funding to Expand Sharia-Compliant Investment Platform
Sabika, an Egyptian digital platform offering Sharia-compliant gold and silver investment opportunities, has successfully raised a six-figure USD investment. This strategic funding round, led by M-Empire Angels, will fuel Sabika’s growth initiatives within Egypt and its planned expansion into the Gulf region, specifically targeting Saudi Arabia in 2025.
Powering Growth and Innovation in Digital Precious Metals
Founded in 2022 by Ibrahim Anwar and Mohammed Darwish, Sabika distinguishes itself by providing a secure, transparent, and asset-backed investment avenue. This allows both individuals and businesses to digitally safeguard and increase their wealth through precious metals. The new capital injection will be strategically deployed to enhance the platform’s capabilities, integrate AI-driven features for improved user experience and investment insights, and facilitate the company’s expansion into the Saudi Arabian market, marking a significant step in Sabika’s regional growth strategy. M-Empire Angels, founded by Dr. Maged Ghoneima, brings valuable expertise to support Sabika’s vision of accessible and ethical investment.
This funding represents a crucial milestone for Sabika, positioning it to capitalize on the growing demand for accessible and ethical investment options in the Middle East and North Africa (MENA) region. By combining a modern digital platform with Sharia-compliant principles, Sabika aims to empower a wider range of investors to participate in the precious metals market.
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