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

By Gloria Methri

Digital 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.