Tabadulat
Tabadulat is an ADGM-regulated Shariah-compliant brokerage platform offering Muslim investors commission-free access to U.S. stocks and 40,000+ AAOIFI-screened halal instruments across 20+ global markets, with supporting REITs, Sukuk, gold, and Islamic money-market savings products, plus B2B white-label infrastructure for institutional partners.
- Company typePrivate
- Founded2024
- HeadquartersAbu Dhabi, United Arab Emirates
- Headcount11–50
- GTM typeB2B and B2C
- OfferingSoftware
What Tabadulat does
Tabadulat Limited is an Abu Dhabi-based Shariah-compliant brokerage platform incorporated in Abu Dhabi Global Market (ADGM) under company number 17310 and regulated by the FSRA as an Islamic Financial Institution. The platform offers Muslim retail and institutional investors commission-free access to U.S. equities and global halal instruments across more than 20 markets, including the USA, UK, Switzerland, France, Germany, Greece, and Turkey. Core products span Halal Stocks, REITs, Sukuk, Gold (including physically-backed Exchange Traded Commodities via a partnership with Minted Connect), and Savings vehicles routed to Islamic Money Market Funds, supported by a Zakat Calculator for obligation tracking.
The underlying technology pairs a matched-principal execution system authorized for 'Shari'a Compliant Regulated Activities' with segregated, non-interest-bearing client asset custody under FSRA Client Assets Rules. Continuous Shariah compliance is delivered through an AAOIFI-aligned screening engine that monitors 40,000+ stocks and ETFs against AAOIFI Standard No. 21, with real-time portfolio-level alerts when holdings fall out of compliance and ongoing oversight by a Shari'ah Supervisory Board that has issued an official Fatwa (TBD-4392-02-02-07-25) and Shariah Certificate. An automated sweep program places idle client cash into Shariah-compliant profit-generating structures such as Islamic Money Market Funds, with remuneration from third-party institutions permitted as FSRA inducements.
Tabadulat monetizes through custody fees calculated daily as a percentage of total portfolio value (collected monthly in arrears), foreign exchange conversion spreads on multi-currency funding, and sweep program remuneration, while U.S. stock trading remains commission-free. Distribution is mobile-first and self-serve via iOS and Android apps and the web, complemented by B2B infrastructure offerings — Trading-as-a-Service, Full White-Label Platform, and Market Data Provider — targeting fintechs, financial institutions, and partners such as Minted Connect. As of December 2025 the company reported 5,500+ early subscribers and total committed capital of US$3.3 million, with the FSRA license and Minted Connect collaboration representing the most recent strategic milestones in 2025–2026.
Tabadulat firmographics
Firmographics- Name
- Tabadulat
- Legal name
- Tabadulat Limited
- Website
- https://tabadulat.com
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Tabadulat is an ADGM-regulated Shariah-compliant brokerage platform offering Muslim investors commission-free access to U.S. stocks and 40,000+ AAOIFI-screened halal instruments across 20+ global markets, with supporting REITs, Sukuk, gold, and Islamic money-market savings products, plus B2B white-label infrastructure for institutional partners.
- Ownership category
- akta.pro rank
Tabadulat industry classification
Industry- Product category
- Shariah-Compliant Brokerage Platform
- NAICS
- Securities and Commodity Contracts Intermediation and Brokerage (5231)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Islamic Investment Banking & Capital Markets Services (FSABAGAG)
Keywords
Where Tabadulat is headquartered
LocationHeadquarters
- HQ city
- Abu Dhabi
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Offices1 record
Markets served
Tabadulat business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel, Marketing or Sales, Infrastructure, Others
Revenue model
- Trading Commissions and Fees: While US stock trading is commission-free, the platform charges custody fees calculated daily as a percentage of total portfolio value, collected monthly. Additional fees may apply for funding methods and foreign exchange conversions.
- Custody Fees: Custody fees calculated daily as a percentage of the total value of cash and Instruments, collected monthly in arrears.
- Currency Conversion Spread: Foreign exchange conversions for deposits and withdrawals with spreads applied. Exchange rates may differ from spot rates and may be more or less favorable.
- Sweep Program Remuneration: Remuneration received from Third Party Institutions (Islamic banks, money market funds) for placing client assets. Permitted under FSRA Rules as inducements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Trading Tier - Zero commission on US stocks |
| Subscription | Monthly | Custody Fees - Applied to total portfolio value |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Tabadulat product offering
Product offeringCore offering
Tabadulat operates a Shariah-compliant brokerage platform that enables Muslim investors to trade halal stocks, ETFs, REITs, Sukuk, and gold-backed instruments across 20+ global markets, with all instruments screened against AAOIFI standards. Commission-free US stock trading is offered to retail users, while the platform also provides B2B infrastructure services including Trading-as-a-Service, white-label brokerage, and Shariah-compliant market data feeds for institutions. The platform is regulated by the FSRA in Abu Dhabi Global Market and operates under continuous Shariah Supervisory Board oversight.
Product overview
Tabadulat operates as a unified Shariah-compliant brokerage platform built around a core personal investing app, complemented by a suite of B2B infrastructure services. The personal platform (Halal Stocks) enables Muslim investors to trade commission-free U.S. stocks and access global markets (US, Europe, Asia, GCC, Oceania), with all instruments screened against AAOIFI standards via the Halal Stock Screener. Supporting personal products include REITs, Sukuk, Gold investment instruments (including physically-backed gold ETCs via the Minted Connect collaboration), and Savings products utilizing Islamic Money Market Funds and Shariah-compliant bank placements. The platform also offers a Zakat Calculator for Islamic financial obligation tracking. On the B2B side, Tabadulat provides Trading-as-a-Service, Market Data Provider, and Full White-Label Platform modules, allowing institutional partners and businesses to embed or resell the platform's regulated Islamic brokerage infrastructure under their own branding.
Differentiator
Problem solved
Functional benefit
Products and services
- Halal Stocks Core brokerage offering enabling Muslim retail investors to trade Shariah-compliant stocks and ETFs across 20+ global markets, with all instruments screened daily against AAOIFI standards. Commission-free on US stocks with transparent custody-based pricing.
- REITs Shariah-compliant Real Estate Investment Trusts offering halal property investment access to global real estate markets through the platform.
- Sukuk Islamic bonds (Sukuk) providing investors with Shariah-compliant fixed-income investment instruments for portfolio diversification.
- Gold Shariah-compliant gold investment instruments, including gold Exchange Traded Commodities, enabling investors to access physical gold-backed assets through Tabadulat's regulated Islamic brokerage infrastructure.
- Savings Halal savings products offering Shariah-compliant profit-generating structures for idle cash balances, including Islamic Money Market Fund placements and Shariah-compliant bank deposit arrangements via the automated Sweep Program.
- Trading-as-a-Service B2B white-label brokerage infrastructure service enabling third-party financial institutions and fintechs to offer Shariah-compliant trading capabilities using Tabadulat's licensed Islamic brokerage platform and execution framework.
- Market Data Provider B2B service providing Shariah-compliant financial market data feeds and analytics to institutional partners and third-party platforms.
- Full White-Label Platform Complete white-label brokerage solution for businesses seeking to launch their own branded Shariah-compliant investment platform on top of Tabadulat's FSRA-regulated Islamic financial infrastructure.
Quantifiable outcome
- 5,500+ early subscribers
- +2 more outcomes
Companies that use Tabadulat
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles2 records
Tabadulat technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Tabadulat partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Minted ConnectcoreStrategic collaboration to provide institutional access to Shariah-compliant, gold-backed investment instruments. Minted Connect, a DMCC-authorized precious metals and digital assets company, gains institutional access to physically backed gold Exchange Traded Commodities through Tabadulat's regulated Islamic brokerage infrastructure. The partnership enables Minted Connect to diversify its institutional treasury assets while leveraging Tabadulat's licensed execution, asset safeguarding, and compliance framework. The collaboration combines Minted Connect's global precious metals and digital finance footprint, serving over 3 million customers through licensed affiliates in the UK and Turkey, with Tabadulat's FSRA-regulated Islamic brokerage platform.
- AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions)coreTabadulat is a proud member of AAOIFI and aligns its platform with globally recognized AAOIFI standards for Islamic finance, governance, and reporting. AAOIFI sets global standards for Islamic finance ensuring all financial products comply with Shariah principles.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Tabadulat competitors and assessment
Company assessmentDirect peers
- Sarwa: UAE-based retail investment and brokerage platform offering global market access including halal options. Closest regional direct competitor with overlapping B2C retail-investor positioning in the GCC.
- Manzil: Shariah-compliant investing platform for North American Muslim investors. Comparable product offering (halal portfolios, screening, RRSP-compatible accounts) targeting the same retail Muslim niche in a different geography.
- Wahed Invest: Global Shariah-compliant investing platform serving Muslim retail investors with diversified portfolios. Most direct comparable in business model, target audience, and AAOIFI-aligned product philosophy.
Broad incumbents
- Saxo Bank: Global multi-asset broker with Islamic account offerings and access to 20+ markets. Overlaps with Tabadulat on cross-border market access but lacks purpose-built Shariah compliance monitoring.
- Interactive Brokers: Global multi-asset broker with very low commissions and broad market access, including Islamic accounts for Muslim clients. Competes on execution breadth and pricing rather than Shariah specialization.
- Al Rajhi Bank Investment: Largest Islamic bank globally with brokerage and investment services for Muslim clients in MENA. Significant incumbent in the Saudi/GCC retail Shariah-compliant investing market.
Regional players
- Stake: MENA-focused mobile brokerage with US market access and commission-free trading. Closely mirrors Tabadulat's zero-commission US stock proposition for retail investors in the region.
- iFAST Global: Asia-headquartered digital wealth platform with global market access and some Shariah-compliant offerings. Comparable on cross-border retail brokerage infrastructure but lighter on Islamic specialization.
- ADCB Securities: UAE-based retail brokerage offering regional and international market access. Regional competitor operating from the same ADGM ecosystem with incumbent banking relationships.
Emerging players
- Niyyah: Early-stage halal-focused mobile investing app. Competes in the same Muslim retail demographic with a similar mobile-first, Shariah-first positioning but at a smaller scale.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Tabadulat social profiles
Digital presenceTabadulat compliance and trust
Trust signalCompliance3 records
Tabadulat financial estimates
Financial estimateRevenue estimate
Valuation estimate
Tabadulat leadership team
Management profileNumber of profiles
Profiles2 records
Tabadulat funding detail
Funding detailFunding overview
Funding rounds3 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Tabadulat M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Tabadulat
What does Tabadulat do?
Tabadulat operates a Shariah-compliant brokerage platform that enables Muslim investors to trade halal stocks, ETFs, REITs, Sukuk, and gold-backed instruments across 20+ global markets, with all instruments screened against AAOIFI standards. Commission-free US stock trading is offered to retail users, while the platform also provides B2B infrastructure services including Trading-as-a-Service, white-label brokerage, and Shariah-compliant market data feeds for institutions. The platform is regulated by the FSRA in Abu Dhabi Global Market and operates under continuous Shariah Supervisory Board oversight.
Is Tabadulat a public or private company?
Tabadulat is a private company. It is classified as venture growth investor backed and is currently operating.
When was Tabadulat founded?
Tabadulat was founded in 2024. It employs 11 to 50 people.
Where is Tabadulat based?
Tabadulat is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.
How does Tabadulat make money?
Four revenue lines are on record. Trading Commissions and Fees are the primary driver. The others are custody Fees, currency Conversion Spread and sweep Program Remuneration.
Who are Tabadulat's main competitors?
Direct peers on record are Sarwa, Manzil and Wahed Invest. Broad incumbents are Saxo Bank, Interactive Brokers and Al Rajhi Bank Investment. Regional players are Stake, iFAST Global and ADCB Securities. Niyyah is listed as an emerging player.
Does Tabadulat have an API?
No public API is recorded for Tabadulat.
What industry is Tabadulat in?
Tabadulat's product category is Shariah-Compliant Brokerage Platform. Its primary akta.pro industry code is FSABAGAG, Islamic Investment Banking & Capital Markets Services. Its NAICS code is 5231 and its SIC code is 6211.