Egypt’s Sabika Secures Six-Figure Funding For Sharia-Compliant Gold Investment Platform

Sabika, an Egyptian fintech startup offering Sharia-compliant digital gold and silver investments, has raised a six-figure USD strategic investment to accelerate growth in Egypt and the Gulf. The round was led by M-Empire Angels.

Founded in 2022 by Ibrahim Anwar and Mohammed Darwish, Sabika enables individuals and businesses to securely invest in asset-backed precious metals via a digital platform. The startup positions itself as a trusted, values-aligned alternative for wealth protection and growth, leveraging transparency and Sharia compliance as core pillars.

The new capital will fund platform upgrades, including AI-driven features, and support Sabika’s planned entry into Saudi Arabia in 2025.

To date, the company has surpassed 20,000 users across 27 Egyptian cities and facilitated over EGP 120 M (USD 2.4 M) in transaction volume. Sabika’s traction signals strong demand for faith-aligned, tech-enabled investment solutions in Egypt’s fast-evolving digital finance ecosystem.