Amal Invest

Investing app for Muslims

Y CombinatorWinter 2022ActiveFintechFintechInvestingRetail

What they do

Problem

Muslim investors struggle to identify and keep up with which stocks and funds are Shariah-compliant because compliance depends on complex, changing financial metrics.

Solution

Amal is an investing app that filters stocks and funds for Shariah compliance using user-configured filters to provide a compliant investment universe.

Who it's for

Muslim retail investors seeking Shariah-compliant investment options.

Founders

Yazin Alirhayim

Founder

I've spent the past 8 years in fintech, having previously founded White (a "Stripe for the Middle East"; acq '15) and Verify (a "Plaid for the Mi.." you get the drift). Before that, I spent several years working at GE — including a couple of years as a field engineer installing monitoring equipment on turbines in the desert!

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