Sabika, an Egypt-based Sharia-compliant digital platform for gold and silver investment, has successfully secured a six-figure USD strategic investment. The funding round was led by M-Empire Angels and is aimed at fueling the company’s growth within Egypt and its expansion into the Gulf region.
Fueling Regional Expansion and Tech Enhancement
The new capital will be strategically allocated to enhance Sabika’s platform, integrate new AI-driven features, and support its market entry into Saudi Arabia, which is planned for 2025. Founded in 2022 by Ibrahim Anwar and Mohammed Darwish, the platform provides secure and transparent asset-backed investment options, allowing users to digitally protect and grow their wealth.
Addressing A Market Need For Trusted Savings
Sabika has demonstrated significant organic growth, validating the strong demand for its services. “Today, we’ve reached over 20,000 users across 27 cities in Egypt, with more than EGP 120 million in transaction volume — all achieved organically, without paid marketing,” said Ibrahim Anwar, CEO of Sabika. “People have always trusted gold — but they needed a system they could trust just as much. That’s what we’re building at Sabika: a platform that is simple, smart, aligned with our values, and built for long-term resilience.”
A Sharia-Compliant and Accessible Investment Model
A core pillar of Sabika’s offering is its strict adherence to Islamic principles. “Since its inception, Sabika has been fully committed to Islamic principles in all its transactions and operational models,” commented Dr. Basem Elewa, Board Member and Sharia Auditor. The platform follows the AAOIFI Shari’ah Standard on Gold, ensuring all processes comply with contemporary Islamic jurisprudence. This ethical foundation provides a transparent and secure investment model that has earned the trust of its users. The digital nature of the platform also makes precious metals investment accessible to a wider audience, not just the wealthy.
Investor’s Perspective
Dr. Maged Ghoneima, Founder of M-Empire Angels, highlighted the strength of the founding team as a key factor in the investment decision. “I invested in Sabika because the team brings together deep market understanding, strong technical execution, and solid ethical values — a rare combination,” he stated. “Sabika is more than just a platform; it’s a purpose-driven initiative designed for this region and aligned with its values.”
About Sabika
Founded in 2022 by Ibrahim Anwar and Mohammed Darwish, Sabika is a digital platform that provides secure, transparent, and Sharia-compliant gold and silver investment services. The company aims to offer an accessible and ethical investment experience, allowing individuals and businesses to protect and grow their wealth through real, asset-backed savings.
Source: Wamda
