Wealthtech startup Vault22 is making a strategic play for the Gulf, preparing to launch its Shariah-compliant digital finance platform, Hafiq, in the UAE. Backed by Standard Chartered’s SC Ventures and Old Mutual Group’s Next176, the firm aims to capture a new generation of digital-native investors within the rapidly scaling $6 trillion global Islamic finance sector.
Quick Facts
- Launching Islamic finance platform Hafiq in UAE by mid-2026.
- Features AI-powered Shariah screening and real-time zakat calculators.
- Backed by SC Ventures and Old Mutual Group’s Next176.
Bridging Faith and Wealth Management in the GCC
Vault22 is establishing its regional base in the Dubai International Financial Centre (DIFC) ahead of a mid-2026 launch. The move provides the company with a strict regulatory framework and direct access to major regional capital pools.
The centerpiece of this expansion is Hafiq, a personal finance application built strictly around Islamic principles. The product targets Millennials and Gen Z, a demographic increasingly demanding investment options that align with both their religious values and financial growth targets.
To meet this demand, Hafiq integrates modern wealth tech into faith-based finance. The platform utilizes AI-powered asset screening to ensure all investments remain Shariah-compliant. Users will also have access to thematic investment products, curated wealth portfolios, and a real-time zakat calculator to track charitable obligations accurately.
Strategic Growth and B2B Infrastructure
The UAE expansion serves as a vital launchpad for a broader global strategy. Vault22 is actively in discussions with Gulf-based investors, including prominent family offices, to finance its next phase of scale.
Beyond the Middle East, the company has mapped out a rollout for Hafiq in key Southeast Asian markets, specifically Malaysia and Indonesia, where demand for digital Islamic finance is high.
Simultaneously, Vault22 is accelerating its core operations across Africa. In South Africa, where the platform already commands a user base of one million, the company is evaluating crypto and stablecoin offerings to counter market uncertainty and inflation.
The fintech is also diversifying its revenue streams through B2B channels. Vault22 is currently building white-label wealth infrastructure for traditional banks, enabling them to roll out digital financial products without needing to develop the underlying systems internally.
About Vault22
Vault22 is a global fintech company formed through the strategic merger of South Africa’s 22seven and Singapore-based Autumn. Supported by the venture arms of Standard Chartered and Old Mutual Group, the firm provides accessible, digital-first personal finance and wealth management solutions across MENA, Africa, and Asia.
Source: Waya
