Egypt-based digital investment platform Sabika has raised a six-figure USD strategic investment to strengthen its operations in Egypt and expand across the Gulf. The round was led by M-Empire Angels, founded by investor and entrepreneur Dr. Maged Ghoneima. The funding will accelerate Sabika’s mission of making gold and silver investments accessible, secure, and compliant with Islamic finance principles.
Building a Trusted Platform
Founded in 2022 by Ibrahim Anwar and Mohammed Darwish, Sabika provides a Sharia-compliant platform for individuals and businesses to invest in gold and silver. CEO Ibrahim Anwar emphasized that while gold has long been a trusted asset, people needed a transparent system they could trust equally. He noted that Sabika’s model was designed to be simple, ethical, and resilient, addressing both cultural and financial expectations in the region.
Market Traction and Growth
Since launch, Sabika has grown organically to serve over 20,000 users across 27 Egyptian cities. The platform has processed more than EGP 120 million in transaction volume, achieved without paid marketing. This traction underscores the strong demand for secure and digital asset-backed savings solutions in Egypt’s evolving financial landscape.
Technology and Infrastructure
Chief Technology Officer Mohammed Darwish highlighted that Sabika’s strength lies in its scalable and secure infrastructure. The platform uses real-time pricing engines and advanced tools to ensure reliability and efficiency for users. With a strong team of regional engineers, Sabika aims to maintain seamless operations while preparing for larger user bases across new markets.
Ethical and Sharia Compliance
Sabika places strong emphasis on adherence to Islamic finance principles, guided by board member and Sharia auditor Dr. Basem Elewa. The company follows AAOIFI Shari’ah standards for gold transactions, ensuring buying, selling, and holding processes remain compliant with contemporary Islamic jurisprudence. This focus on compliance is central to building trust among its users and investors.
Board and Strategic Vision
Board member Dr. Ashraf Ibrahim described Sabika as a transformative force in the Egyptian market. He noted that the platform allows investors to access gold and silver without traditional barriers such as storage, while also serving as a practical hedging tool. By enabling flexible, instant access, Sabika is widening participation in precious metals investment beyond affluent circles.
Investor Backing and Expansion Plans
Lead investor Dr. Maged Ghoneima praised Sabika’s combination of strong technical execution, deep market knowledge, and ethical alignment. He described the initiative as purpose-driven and designed specifically for the region. The fresh investment will support AI-driven features and mark the company’s first international expansion, with Saudi Arabia identified as its next key market in 2025.
Sabika’s six-figure funding round signals rising investor confidence in Egypt’s fintech ecosystem and the growing appetite for digital wealth management solutions rooted in regional values. With solid traction, a strong leadership team, and expansion plans into Saudi Arabia, Sabika is positioning itself as a leading player in Sharia-compliant gold and silver investment. The company’s mix of technology, compliance, and accessibility underscores its ambition to redefine how precious metals are invested in across the Middle East.