back Back

Mnaara, a Shariah-compliant investment platform launches in the UK

By Gloria Methri

April 25, 2024

  • Digital Investment platform
  • FinTech
  • Islamic Finance
Share

Mnaara, UK, FinTech, Shariah-Compliant, Digital Investment Platform, UKDigital investment platform Mnaara has officially launched in the UK and is now providing Shariah-conscious investors access to private market investments.

The platform offers global private markets to individual and institutional Shariah-compliant investors. Even the biggest private banks have extremely limited options for the Shariah-conscious investor outside publicly listed securities.

Mnaara’s products and services are designed to simplify the investment process and provide convenient digital access to investments from anywhere in the world. It offers a seamless digital platform, moving new members from sign-up to investment through a complete digital end-to-end process, avoiding a lengthy administrative onboarding procedure.

Saad Adada, founder and CEO of Mnaara, said, “We are excited to announce the launch of our platform Mnaara. Private markets have become an essential part of a well-diversified portfolio. Disregarding private markets significantly limits investors in targeting high returns and in expanding the variety within their investment portfolio. For Shariah-compliant investors, the space is even more limited and largely inaccessible. At Mnaara, we are on a mission to change that. We’re here to identify high-performing private fund managers, make them visible and accessible with smaller investment tickets and ascertain that they fit our Shariah guidelines.”

The funds follow strict Shariah screening guidelines, which limit and control what are considered non-ethical activities in Islamic finance, such as gambling, tobacco, alcohol, and arms. In addition to generating income from interest, financial guidelines are also followed regarding excessive leverage and financial derivatives.

Previous Article

April 25, 2024

DKV Mobility taps Nayax to expand payments acceptance in Europe

Read More
Next Article

April 25, 2024

Standard Chartered & Visa to enhance cross-border payments

Read More






IBSi Daily News Analysis

UAE, money transfer

May 23, 2024

Digital Investment platform

By 2034, the digital remittance market is expected to reach $83.2bn, research reveals

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

May 24, 2024

Capital on Tap partners with Plaid in the UK

Read More

May 24, 2024

FE fundinfo acquires German FinTech Dericon

Read More

May 22, 2024

Lili launches Accountant AI to streamline finances for SMBs

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023