Sabika is a mobile platform that lets users buy, sell, and track gold and silver investments while keeping the physical metals stored in secure vaults. The app offers a built‑in calculator for real‑time conversion between currency and metal weight, live market price feeds, and an in‑app wallet for funding and withdrawals, all within a Sharia‑compliant framework.
Funding
Funding not disclosed
Founders
Product
Problem
Investors seeking to hold gold and silver often face challenges such as lack of secure storage, difficulty accessing real-time market prices, and limited tools for calculating the value of their holdings, especially within a Sharia-compliant framework.
Solution
Sabika offers a mobile application that enables users to buy, sell, and track gold and silver investments directly from their smartphones. The app provides a built-in calculator for converting between monetary amounts and metal weight, and it displays live market prices to support informed decision‑making. All purchased metals are stored in secure vaults, ensuring physical safety and compliance with Islamic finance principles. Users can fund their digital wallet, manage their portfolio, and monitor transaction history through a unified interface.
Target Audience
Sabika targets individual investors in regions where Islamic finance is prevalent, as well as businesses looking for a compliant digital platform to manage precious metal assets.
Features
- Integrated gold and silver calculator for real‑time conversion between currency and weight
- Live market price feed to keep users updated on current values
- Secure vault storage of physical metals, guaranteeing asset safety
- In‑app wallet for quick fund deposits and withdrawals
- Portfolio dashboard to buy, sell, and track holdings
- Sharia‑compliant investment framework