Sabika, a digital platform offering secure and Sharia-compliant gold and silver investment services, has closed a six-figure USD strategic funding round led by M-Empire Angels, founded by Dr. Maged Ghoneima. The investment will accelerate Sabika’s growth in Egypt and fuel its planned entry into the Gulf, including expansion into Saudi Arabia in 2025.
Built to provide a modern, ethical, and transparent investment experience, Sabika allows users to grow and protect wealth through asset-backed savings in gold and silver. Since launch, the platform has organically grown to 20,000 users across 27 Egyptian cities, facilitating over EGP 120 million in transactions without paid marketing.
CEO Ibrahim Anwar said the platform was designed to build trust around gold, combining simplicity and resilience. CTO Mohammed Darwish highlighted Sabika’s scalable, secure infrastructure powered by smart tools and real-time pricing engines. Board Member Dr. Ashraf Ibrahim emphasized the platform’s role in making precious metals investment accessible and practical for everyday savers, while Dr. Basem Elewa, Sharia Auditor, underlined its strict compliance with AAOIFI Shari’ah standards on gold.
Dr. Ghoneima praised Sabika’s blend of deep market understanding, strong technical execution, and ethical values, describing it as more than a platform—“a purpose-driven initiative designed for this region and aligned with its values.”
The funding will be directed toward enhancing features, integrating AI-driven tools, and strengthening Sabika’s market position as it scales across MENA.
