Exclusive: Two City lawyers on a mission to make their fintech the 'Amazon of Islamic finance'
whatsapp
Founders Ibrahim Khan and Mohsin Patel started the Islamic finance platform as blog in 2015 but last year both quit their corporate law jobs to focus on the business full-time.
Islamic Finance Guru (IFG), a UK-based Islamic finance platform, has closed an investment round led by Outward venture capital, as the market for Islamic fintech grows.
The UK-based startup has raised £3m from Outward VC and B&Y Venture Partners.
The news come just a week after the Boubyan Bank Group announced that the world’s first Islamic international digital bank will be launched in the UK and the news in June that UK-based Ethos Invest was targeting a fund of £1bn, to make private equity investments in Islamic and ethical small and medium-sized enterprises.