What Ajyad Capital does

Ajyad Capital is a Bahrain-based Islamic investment firm founded in 2003 and headquartered at Al Moayyed Tower, Manama. It is licensed as an Islamic Investment Business Firm Category 1 by the Central Bank of Bahrain and operates as a Broker-Dealer authorized by Bahrain Bourse (granted September 2025). The firm serves institutional and individual investors with Shari'ah-compliant investment management, brokerage, and digital trading services.

The firm's core product set comprises three lines: Investment Management spanning alternative products in Real Estate, Private Equity, and Private Credit; Brokerage facilitating trading in Shari'ah-compliant stocks and sukuks across regional markets; and the eMYAA Digital Trading Platform — a Shari'ah-compliant self-service trading interface unveiled at Fintech Forward 2025 and powered by Velexa's technology under a UK-GCC WealthTech collaboration. The technology architecture is therefore a licensed digital trading stack rather than proprietary in-house infrastructure, with Velexa providing the platform layer and EXANTE providing global market connectivity.

Ajyad generates revenue through two principal streams: recurring investment management fees on Shari'ah-compliant alternative products and transaction-based brokerage commissions on regional securities trading. Goto-market combines a sales-led motion for institutional mandates with a product-led self-service channel via eMYAA. Revenue figures are not publicly disclosed, and the firm maintains no disclosed funding rounds, making it a small privately-held operator (11–50 employees) in a regional Islamic finance market projected to grow from USD 5 trillion (2024) to USD 7.7 trillion (2033).

Name

Ajyad Capital

Legal name

Ajyad Capital

Website

https://iib-bahrain.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Ajyad Capital is a Bahrain-licensed Islamic investment firm serving institutional and individual investors with Shari'ah-compliant investment management (Real Estate, Private Equity, Private Credit), brokerage in stocks and sukuks, and the eMYAA digital trading platform.

Ownership category

akta.pro rank

Product category

Islamic Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Securities and Commodity Contracts Intermediation and Brokerage (5231), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

akta.pro secondary industries

Islamic Private Banking & Wealth (FSABAGAD), Full-Service Retail Brokerage & Wealth Platforms (FSAAAAAA), Execution-Only / Self-Directed Investing Platforms (FSAAAAAI)

Keywords

• Islamic investment management
• Shari'ah-compliant brokerage
• Alternative investment products
• Private credit investments
• Sukuk trading

Headquarters

HQ city

Manama

HQ country

Bahrain

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Investment Management Fees: Fees generated from managing Shari'ah-compliant alternative investment products including Real Estate, Private Equity, and Private Credit for clients.
2. Brokerage Commissions: Transaction-based fees from facilitating Shari'ah-compliant trading in stocks and sukuks across regional markets for institutions and individuals.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Ajyad Capital provides Shari'ah-compliant investment management services spanning alternative investment products including Real Estate, Private Equity, and Private Credit for institutional and individual investors. The company also offers brokerage services facilitating trading in stocks and sukuks across regional markets, and operates the eMYAA Digital Trading Platform, a proprietary Velexa-powered digital platform enabling self-service Shari'ah-compliant trading launched in October 2025.

Product overview

Ajyad Capital offers a unified platform of Shari'ah-compliant financial services centered around three core offerings: Investment Management (covering Real Estate, Private Equity, and Private Credit alternatives), Brokerage (for stocks and sukuks trading), and the eMYAA Digital Trading Platform. The company, operational since 2003 and licensed by the Central Bank of Bahrain, delivers its services through strategic partnerships including Velexa for technology and EXANTE for global market access. The portfolio is designed specifically for Islamic finance compliance across regional markets.

Differentiator

Problem solved

Functional benefit

Brands

• eMYAA Trading Platform: Digital trading platform for Shari'ah-compliant trading in stocks, sukuks, and other instruments across regional markets.

Products and services

• Investment Management Shari'ah-compliant investment management services offering diverse alternative investment products including Real Estate, Private Equity, and Private Credit for institutional and individual investors. Operated under the firm's Islamic Investment Business Firm Category 1 license from the Central Bank of Bahrain.
• Brokerage Shari'ah-compliant brokerage services facilitating trading in stocks and sukuks across regional markets for institutions and individuals. Operated under the firm's Broker-Dealer authorization from the Bahrain Bourse granted in September 2025.
• eMYAA Trading Platform Proprietary Shari'ah-compliant digital trading platform enabling self-service trading in stocks and sukuks across regional markets for both institutional and individual investors. Powered by Velexa technology as part of the UK-GCC WealthTech collaboration.

Quantifiable outcome

• Islamic finance market expected to grow from USD 5 trillion (2024) to USD 7.7 trillion by 2033

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and minor.

• VelexacoreTechnology or Integration · 14 October 2025Landmark agreement to expand UK-GCC business collaboration in WealthTech innovation. Velexa provides technology powering a Shari'ah-compliant digital trading platform. The partnership aims to support Islamic finance growth in the GCC region, leveraging Velexa's technology capabilities alongside Ajyad Capital's regulatory licensing and market expertise.
• EXANTEcoreStrategic or Co-development Partner · 28 September 2025Partnership to broaden investor access to global markets. EXANTE provides global market access capabilities that complement Ajyad Capital's regional brokerage services, enabling clients to access international trading opportunities.
• BADAminorGTM or Marketing Partner · 5 March 2025Ramadan partnership initiative focused on community engagement and corporate social responsibility during the holy month of Ramadan.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Khaleeji Bank: Bahrain-based Islamic retail and wholesale bank offering Shari'ah-compliant investment products, brokerage-like services, and wealth management. Operates in the same Bahrain regulatory perimeter and targets overlapping investor segments.
• Gulf International Bank (GIB): Bahrain-headquartered wholesale bank with significant Islamic finance operations across the GCC. Comparable in regional positioning, Bahrain regulatory base, and focus on institutional/wholesale Islamic banking clients.
• Boubyan Bank: Kuwait-based Islamic bank with a dedicated digital investment and trading platform for Shari'ah-compliant securities. Relevant peer given GCC focus, Islamic finance mandate, and recent digital trading platform build-out.
• Falcom Financial Services: Saudi-based Shari'ah-compliant investment management and brokerage firm. Comparable given regional GCC positioning, Islamic finance compliance, and similar mix of asset management and brokerage services.

Direct peers

• SICO Capital (SICO BSC): Bahrain-based investment bank and brokerage with broker-dealer status on Bahrain Bourse, offering asset management and brokerage services across regional markets. Direct competitor in Bahrain's brokerage and investment management ecosystem.
• ABC Islamic Bank: Bahrain-based Islamic wholesale bank providing Shari'ah-compliant investment, advisory, and capital markets services. Comparable in operating geography, Islamic finance license type, and institutional client focus.
• Arcapita: Bahrain-headquartered investment firm focused on Shari'ah-compliant private equity, real estate, and alternative investments. Highly comparable to Ajyad's investment management arm given similar Bahrain base, Islamic finance focus, and alternative asset strategy.

Broad incumbents

• Al Rajhi Capital: Saudi Arabia-based investment arm of Al Rajhi Bank, one of the largest Islamic banks globally, offering brokerage, asset management, and digital trading for Shari'ah-compliant products. Comparable on product breadth and digital platform ambition, with significantly larger scale.
• EFG Hermes: Egypt-born but regionally expansive investment bank with brokerage and asset management across the MENA region including the GCC. Comparable on brokerage and asset management lines, with overlapping institutional client base, but much larger and broader in scope.

Emerging players

• Gate Capital: UAE-based Shari'ah-compliant fintech offering digital investment and trading access. Comparable to Ajyad's eMYAA platform given shared focus on technology-enabled Islamic investment access, though Gate Capital focuses more on retail accessibility.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ajyad Capital