Founder(s): Feras Jalbout
Description: baraka is a UAE-based fintech company on a mission to empower the next generation of investors across the Middle East and North Africa, by making investing accessible to everyone.
Launched in August 2021, the commission-free investment platform gives users access to over 5,000 US listed securities, including stocks, Exchange Traded Funds (ETFs) and fractional shares with no minimum investment requirements.
The app features a simple and intuitive user interface to monitor and track portfolios, a ‘Featured Creators’ section highlighting perspectives from entrepreneurs, an investment academy for users to build and test their knowledge, and a dedicated filter to screen sharia-compliant stocks. baraka has also developed a multi-channel financial education platform consisting of bite-sized newsletters, thematic panel discussions, as well as specialized social media and in-app content providing market news and insights for regional investors. In addition, baraka offers a paid tier that includes world-class equity research from industry partner, Refinitiv.
baraka is headquartered in the Dubai International Financial Centre (DIFC) and regulated by the Dubai Financial Services Authority (DFSA).
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