Raseed provides a trading platform that enables users to invest in over 1,200 Halal-compliant stocks and ETFs, offering features like multi-wallet management and automated investment strategies. The platform addresses the challenge of accessibility in investing by allowing users to trade with any amount and providing tools for real-time market engagement.
Funding
Funding not disclosed
Founders
Product
Problem
Many investors seek to align their financial activities with their religious beliefs, but face limited access to investment platforms offering portfolios screened for compliance with Islamic law. This restricts the ability of individuals to invest in accordance with their values, potentially leading to missed opportunities for wealth building and financial security.
Solution
Raseed provides a mobile trading platform that enables users to invest in over 1,200 stocks and ETFs that have been screened for Halal compliance. The platform allows users to trade with any amount of capital and offers tools for real-time market engagement. Raseed also offers a Prime subscription that provides access to advanced trading tools, including unlimited price alerts, advanced technical charts, stock reporting, and the ability to copy trades from other users. The platform also offers multi-wallet functionality, allowing users to diversify their investments and track performance across different portfolios.
Target Audience
Raseed primarily targets individuals seeking to invest in accordance with Islamic principles, as well as those looking for a user-friendly mobile trading platform with access to advanced investment tools.
Features
- Access to over 1,200 Halal-compliant stocks and ETFs, approved by Islamic law
- Multi-wallet functionality for managing and tracking different investment portfolios
- Raseed Auto feature to copy investment strategies from top traders
- Prime subscription with access to unlimited price alerts, advanced technical charts, and stock reporting
- Fractional shares trading, allowing users to invest with any amount of money
- DRIP (Dividend Reinvestment Plan) feature to automatically reinvest dividend payments
- Instant funding via debit card for quick access to investment opportunities
- Company-specific analysis with unique data like revenue segmentation and subscriber growth
- Smart Investing feature to automate investments on a weekly, biweekly, or monthly basis