Aghaz is an automated investment management platform that utilizes dual screening with AAOIFI standards to ensure compliance with Islamic finance principles while helping users save for personal goals such as education, home ownership, and retirement. By providing a secure and transparent environment, Aghaz enables customers to invest in alignment with their values, facilitating faster achievement of their financial aspirations.
Funding
Funding not disclosed
Founders
Product
Problem
Many Muslims in the U.S. face challenges in finding investment opportunities that align with their faith, as traditional investment options may include companies involved in activities not compliant with Islamic principles. This limits their ability to grow wealth in a manner consistent with their values.
Solution
Aghaz provides an automated investment management platform that enables individuals to invest according to Islamic finance principles. The platform utilizes dual screening with AAOIFI standards to ensure Shariah compliance, offering a secure and transparent environment for users to save for personal goals. Aghaz offers goal-based investing, allowing users to create up to ten goals, each managed independently with its own Shariah-compliant portfolio. The platform provides tools and calculators to optimize investment strategies for each goal, ensuring alignment with both financial objectives and Islamic values. By providing access to suitable, professionally managed portfolios, Aghaz empowers customers to invest without compromising their beliefs.
Target Audience
Aghaz primarily targets Muslims in the U.S. seeking Shariah-compliant investment options to achieve their financial goals while adhering to their values.
Features
- Automated investment management platform adhering to AAOIFI standards for Shariah compliance
- Goal-based investing, allowing users to create and manage up to 10 independent investment goals
- Halal stock screener to confirm investments align with Islamic values
- Real-time insights and recommendations for each financial goal
- Access to professionally managed Shariah-compliant portfolios
- Fee structure comprises 0.49% of total investment per year and a $2 monthly subscription fee
- Integration with DriveWealth for securities offerings