Amal Invest
By Amal Invest
Amal Invest is a fintech company that provides a halal investing platform for Muslims and ethically-conscious investors. The company offers a unique solution that filters popular investment funds to ensure they are Shariah-compliant, allowing users to invest in customized versions of well-known ETFs and mutual funds while adhering to Islamic financial principles.
Amal Invest was founded in 2021 by Yazin Alirhayim, who has a background in fintech and entrepreneurship. Alirhayim previously founded White (acquired in 2015) and Verify, and spent several years working at GE. The company has shown significant growth since its inception, attracting attention from investors and the Muslim community.
Amal Invest has secured funding to support its growth:
Total funding raised: $500,000
Latest funding round: Convertible Note
Amal Invest's main product is its investment platform, which offers:
Access to over 100,000 ETFs and Mutual Funds
Filtering of non-halal stocks from funds
Customized Shariah-compliant investment portfolios
One-click investing
Automatic rebalancing and synchronization with original funds
Personal blacklist/whitelist options
Automatic Shariah compliance monitoring
Flat fee pricing model of $25 per month
Amal Invest's culture and values appear to be centered around:
Innovation in ethical investing
Commitment to Shariah compliance
Transparency in pricing and operations
User-centric approach to product development
