Cairo - Sharikat Mubasher: Sabika, a leading Egyptian gold trading platform, successfully secured a six-figure dollar investment in a funding round led by M-Empire Angels.
In a recent statement, Sabika revealed that it will utilize the fresh capital to expand its presence in Egypt and the Middle East, starting with Saudi Arabia this year.
The investment will also help Sabika redefine gold and silver investments, enhance platform features, and integrate AI-powered tools to offer an accessible and ethical investment experience.
By providing secure, transparent, and Sharia-compliant gold and silver investment services, Sabika allows individuals and businesses to grow their wealth through real and asset-backed savings.
Ebrahem Anwar, CEO of Sabika, said: “People have always trusted gold, but they needed a system they could trust just as much. That is what we are building at Sabika: a platform that is simple, smart, aligned with our values, and built for long-term resilience.”
He highlighted that Sabika reached over 20,000 users across 27 cities in Egypt, with more than EGP 12 million in transaction volume.
For his part, Mohammed Darwish, Chief Technology Officer, commented: “At Sabika, we are building a scalable, secure infrastructure capable of supporting current and future users. We rely on smart tools, real-time pricing engines, and top regional engineering talent to deliver a reliable, seamless digital investment experience.”
The Sabika platform follows the AAOIFI Shari’ah Standard on Gold, ensuring that all buying, selling, and holding processes comply with contemporary Islamic jurisprudence.
Meanwhile, Maged Ghoneima, Founder of M-Empire Angels, stated that the investment reflects the company’s trust in Sabika’s deep market understanding, strong technical execution, and solid ethical values.
Sabika is committed to empowering users with a secure, user-friendly experience in buying, selling, and storing gold. It offers an innovative approach to asset preservation, providing real-time gold prices, easy transactions, and reliable storage options.
