Sabika Secures Strategic Investment to Fuel Gold & Silver Platform Expansion in Egypt and the Gulf

Sabika, a digital platform that provides secure, transparent, and Sharia-compliant gold and silver investment services, has secured a six-figure USD strategic investment led by M-Empire Angels. Sabika aims to offer an accessible, ethical investment experience through a modern digital platform that allows individuals and businesses to protect and grow their wealth through real, asset-backed savings.

This funding is set to accelerate the platform’s expansion in Egypt and the Gulf region, including a planned launch in the Saudi market in 2025. Founded in 2022 by Ibrahim Anwar (CEO) and Mohammed Darwish (CTO), Sabika offers secure, transparent, and asset-backed digital investment options.

Ibrahim Anwar, CEO of Sabika, said: “People have always trusted gold — but they needed a system they could trust just as much. That’s what we’re building at Sabika: a platform that is simple, smart, aligned with our values, and built for long-term resilience.”

He added: “Today, we’ve reached over 20,000 users across 27 cities in Egypt, with more than EGP 120 million in transaction volume — all achieved organically, without paid marketing. This clearly proves the market’s real need for a solution like Sabika.”

Mohammed Darwish, Chief Technology Officer and Board Member, said: “Since the founding of Sabika, we have placed technology at the heart of the investment experience, designing a system that makes gold more transparent and secure, and transforms its ownership from a traditional transaction into a fully digital experience. Our vision is to prove that technology is not just a supporting tool, but the foundation that ensures trust and reshapes people’s relationship with gold as a modern investment asset.”

Dr. Ashraf Ibrahim, Board Member, stated: “Sabika represents a real shift in the Egyptian market — it gives savers and investors access to gold- and silver-backed assets without the hassle of traditional purchasing and storage. It offers a practical hedging tool and opens the door to diversifying portfolios with globally recognized safe-haven assets. Being a digital platform makes access flexible and instant, anytime and anywhere, and makes precious metals investment accessible to everyone — not just the wealthy.”

The platform has already seen significant organic traction in Egypt, achieving over 20,000 users across 27 cities and reaching a transaction volume exceeding EGP 120 million without relying on paid marketing.

The new capital will be used to enhance platform features and integrate AI-driven tools, with the goal of being a trustworthy, simple, smart system for accessing precious metals and supporting the team's commitment to building a scalable, secure infrastructure.

Dr. Basem Elewa, Board Member and Sharia Auditor, commented: “Since its inception, Sabika has been fully committed to Islamic principles in all its transactions and operational models. The platform follows the AAOIFI Shari’ah Standard on Gold, ensuring that all buying, selling, and holding processes comply with contemporary Islamic jurisprudence. This commitment reflects our goal of building a transparent and secure investment model that earns the trust of users and investors alike.”

Dr. Maged Ghoneima, Founder of M-Empire Angels, said: “I invested in Sabika because the team brings together deep market understanding, strong technical execution, and solid ethical values — a rare combination. Sabika is more than just a platform; it’s a purpose-driven initiative designed for this region and aligned with its values.”