In a region where trust and values drive financial decisions, a new digital venture is setting its sights on redefining how people build and protect wealth. Sabika, founded in 2022, has secured a strategic six-figure investment led by M-Empire Angels, marking a decisive step in its journey to scale across Egypt and the Gulf. The company offers Sharia-compliant gold and silver investment through a secure and transparent platform that combines modern technology with ethical foundations.
Sabika was built on a simple but powerful idea: to make precious metals investment easy, transparent and digitally accessible while fully aligned with Islamic finance principles. For centuries, gold has been trusted as a store of value, yet traditional methods of buying and storing it often created barriers. Sabika has changed that by creating a platform where individuals and businesses can invest in gold and silver without the risks and limitations of physical ownership.
The platform has already shown significant traction. More than 20,000 users across 27 cities in Egypt are now using Sabika and transactions on the platform have surpassed EGP 120 million. What makes this achievement remarkable is that it has been driven entirely by organic growth, without paid marketing, showing a clear demand for a solution that combines technology, ethics and trust.
With the new investment, Sabika is preparing to enhance its features, integrate artificial intelligence tools and expand into Saudi Arabia in 2025. The move into the Gulf market marks an important stage for the company, positioning it to meet rising demand for Sharia-compliant investment solutions in one of the most dynamic regions for fintech.
Central to Sabika’s appeal is its commitment to Islamic finance principles. Board member and Sharia auditor Dr. Basem Elewa has emphasized that the company strictly follows the AAOIFI Shari’ah Standard on Gold, which governs how gold transactions must be carried out in line with Islamic law. This ensures that every step, from buying to selling and holding, complies with contemporary Islamic jurisprudence. For users, this commitment provides peace of mind and reinforces Sabika’s reputation as a platform built on integrity.
The trust that Sabika is cultivating goes beyond compliance. It is about creating a values-driven financial service that meets people where they are. In Egypt and the wider Gulf, financial choices are deeply influenced by cultural and ethical considerations and Sabika has tapped into this need by offering a product that reflects those values. This is one of the reasons why M-Empire Angels, under the leadership of Dr. Maged Ghoneima, chose to back the company. He has described Sabika as more than a business, calling it a purpose-driven initiative aligned with the region’s needs.
From a technical perspective, the platform is equally strong. Chief Technology Officer Mohammed Darwish has led efforts to build a secure and scalable infrastructure. With tools like real-time pricing engines and a talented regional engineering team, Sabika is equipped to deliver a smooth and reliable experience for users. The investment will allow the company to strengthen this infrastructure further and introduce advanced features to handle future growth.
Board member Dr. Ashraf Ibrahim highlights another key benefit of Sabika’s model. By digitizing access to gold and silver, the platform makes investment flexible and instant, removing the logistical challenges of traditional purchasing and storage. It allows ordinary savers, not just high-net-worth individuals, to diversify their portfolios with globally recognized safe-haven assets. This democratization of investment opportunities is one of the most important contributions Sabika is making to the market.
Behind Sabika is a team of leaders whose backgrounds reinforce the company’s credibility. Chief Executive Officer Ibrahim Anwar is an award-winning entrepreneur with more than 15 years of experience building startups, including Elmawkaa, which was later acquired, as well as Daleducation and ICanCoachYou. His leadership is focused on vision, growth and execution. Alongside him, Dr. Ashraf Ibrahim brings his expertise as a development economist and educator with millions of followers who trust his financial insights. Dr. Basem Elewa provides rigorous oversight on Sharia compliance, ensuring transparency and trust. And Mohammed Darwish, with his fintech and blockchain expertise, drives the technical innovation that powers the platform. Together, they form a leadership team that balances innovation, financial expertise and ethical responsibility.
For investors, this combination is rare. As Dr. Ghoneima explained, Sabika’s value lies in bringing together strong technical execution, deep market understanding and solid ethical values. The investment through M-Empire Angels is as much a statement of confidence in the team as it is in the platform itself.
As Sabika looks toward Saudi expansion in 2025, the company is entering a market that offers vast potential for Sharia-compliant financial products. The Gulf region, with its high demand for ethical investment solutions, presents a fertile ground for Sabika’s growth. By staying focused on its mission of accessibility and trust, the platform is preparing to capture a larger share of this opportunity.
The success of Sabika illustrates a wider trend taking shape in the region: the use of digital platforms to open up asset classes that were once exclusive to a small segment of investors. It also shows how fintech, when combined with ethical and cultural alignment, can achieve both rapid adoption and long-term trust.
From its beginnings in 2022 to its current position as a platform with thousands of users, millions in transactions and now a major investment backing, Sabika’s journey reflects the power of vision and execution. With fresh capital fueling its expansion and technology, it is now poised to play a central role in shaping the future of ethical digital investment in Egypt and beyond.
