Madinah Angels, a first-of-its-kind angel syndicate, has officially launched with a mission to back Muslim tech founders and provide Muslim investors with access to top-tier, early-stage deal flow. The new syndicate, comprising a network of global Muslim angel investors, also announced its first investment in the seed round of REG-1, an AI-powered Regtech ecosystem.
A Global Network with a Shared Vision
Madinah Angels is dedicated to empowering Muslim entrepreneurs worldwide who are developing technology to transform critical sectors like financial services and healthcare. The syndicate’s vision is to support founders who share its values of fairness, equity, and the drive to use innovation to uplift communities globally.
“This first transaction marks an important milestone for our group,” said Abdul Haseeb Basit, Co-Founder of Madinah Angels. “Our first investment is more than a deal, it’s the start of a journey to back entrepreneurs who share our values of fairness, equity, and our drive to use innovation to uplift communities globally”.
First Investment in AI-Powered Regtech
As part of its launch, Madinah Angels has invested in the seed round of REG-1, an AI-powered Regtech ecosystem that transforms governance, legal, risk, and compliance (GLRC) with intelligent automation and predictive analytics. The company is led by Shak Ashraf, an experienced operator in the sector who personifies the caliber of founders the syndicate aims to back.
“Madinah Angels not only brings capital but also strategic insight and an investor base that understands the unique challenges and opportunities in our sector,” said Shak Ashraf, founder and CEO of REG-1. “Their partnership positions us to accelerate execution and scale with confidence”.
A Platform for Both Founders and Investors
Madinah Angels offers a unique value proposition for both sides of the investment table:
For Entrepreneurs:
- A simple fundraise process with a cohort of angels ready to invest.
- Investment via Shariah-compliant SAFE agreements to allow for a faster process.
- The ability to draw upon the domain expertise of experienced global Muslim Angels.
For Investors:
- Globally sourced deal flow, vetted with comprehensive due diligence.
- Manageable investment sizes per deal for better diversification.
- A simple fee structure with lead angels investing on the same terms.
How to Get Involved
Madinah Angels is actively seeking both high-potential startups and accredited angel investors to join its global community.
How to Apply:
- Founders seeking funding can get in touch via the official website.
- Angel Investors interested in joining the syndicate can register their interest here.
