Keheilan Asset Management

What Keheilan Asset Management does

Keheilan Asset Management is a Netherlands-registered private asset manager that operates two distinct lines of business: institutional-grade Shariah-compliant asset management and early-stage deep technology venture capital. The firm manages capital for eligible investors globally, with an active investment and advisory presence across the Middle East, Europe, and Africa, and is registered with the Dutch AFM and classified under EU SFDR Article 8 for promoting social and ethical characteristics. Its headquarters are in Amsterdam and the company is founder-led by Dr. Ahmed Abdelhamid, with a team of approximately 16 professionals that includes a dedicated VP of AI, a compliance officer, a principal, and supporting finance, marketing, and technology roles.

The asset management business is organized around three Shariah-compliant strategies: Keheilan-KAIF, an AI-managed global equities strategy that uses proprietary algorithmic models to select, weight, and continuously rebalance direct holdings (no ETF wrappers) with claimed +40% historical live returns; Keheilan-Sukuk, a capital-preserving sovereign Sukuk strategy targeting 4-6% annual returns structured for trust funds (أوقاف), pension funds, and retirement accounts; and Direct Indexing, a customized Shariah-ETF-benchmarked portfolio service for high net worth individuals across four risk tiers. Revenue is generated through disclosed management fees (0.45%-1.0%), performance fees (20% on KAIF above high-water mark only), entry/exit fees (0.75%/2% on KAIF only), and venture capital returns from portfolio company exits. The venture capital arm, branded Keheilan Ventures, invests in MENA-based deep tech companies from pre-seed through Series A across AI & ML, BioTech, IoT/Industrial Technology, Semiconductors, and Cybersecurity, with named portfolio companies including WideBot, Nawah Scientific, Fruitful Solutions, and Rimal Semiconductors.

Go-to-market is primarily direct and relationship-based, combining content-driven brand building (Stories blog, conference participation such as Jameel Investment Forum 2026, and ecosystem partnerships including ITIDA-EME Innovation Labs) with a formal investor onboarding process and a Schedule a Call channel for both prospective investors and startup founders. The firm differentiates through structural Shariah compliance (screened instrument selection rather than post-hoc filtering), rules-based systematic execution, hardwired risk infrastructure (drawdown limits, volatility ceilings, concentration caps), and an active ownership model in portfolio companies. Notable gaps in disclosure include AUM figures, revenue, founding year, funding history, and audited performance validation.

Name

Keheilan Asset Management

Legal name

Keheilan Asset Management

Website

https://keheilan.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

Keheilan Asset Management is a Netherlands-registered private asset manager offering Shariah-compliant AI-managed equities (KAIF), sovereign Sukuk, and direct indexing strategies to institutional and high net worth investors, alongside an early-stage deep tech venture capital arm focused on MENA.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

akta.pro secondary industries

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD), Multi-Sector / Total Return Fixed Income (FSAAAHAJ), Emerging Markets Equity (Active) (FSAAAIAF)

Keywords

• Shariah compliant investing
• Asset management services
• Venture capital investing
• Portfolio management
• Islamic fixed income

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Management Fees: Ongoing fees charged for portfolio management services across all three investment strategies. Keheilan-KAIF charges 1% annual management fee, Keheilan-Sukuk charges 0.5% annual management fee, Direct Indexing charges 0.45% annual management fee.
2. Performance Fees: Keheilan-KAIF charges 20% performance fee on positive returns above the high-water mark, aligning manager incentives with investor returns. Keheilan-Sukuk has no performance fee.
3. Transaction Fees: Entry and exit fees on certain products. Keheilan-KAIF has 0.75% entry fee and 2% exit fee. Keheilan-Sukuk and Direct Indexing have no entry or exit fees.
4. Venture Capital Returns: Returns from equity investments in deep technology portfolio companies from pre-seed through Series A, with potential for significant multiples on successful exits.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Keheilan Asset Management manages capital through three Shariah-compliant investment strategies: Keheilan-KAIF (AI-managed global equities), Keheilan-Sukuk (capital-preserving sovereign Sukuk instruments), and Direct Indexing (customized Shariah-compliant index portfolios). A separate venture capital arm invests in deep-tech companies across MENA from pre-seed through Series A in AI/ML, BioTech, IoT, Semiconductors, and Cybersecurity verticals.

Product overview

Keheilan Asset Management operates two lines of business—Shariah-compliant asset management and deep technology venture capital—across three investment strategies: Keheilan-KAIF (AI-managed global equities with +40% live returns), Keheilan-Sukuk (capital-preserving sovereign Sukuk with 4-6% target returns), and Direct Indexing (customized Shariah-compliant index portfolios for HNWI). The venture capital arm backs deep technology startups in MENA from pre-seed through Series A across AI/ML, BioTech, IoT, Semiconductors, and Cybersecurity verticals.

Differentiator

Problem solved

Functional benefit

Brands

• Keheilan-KAIF: AI-managed Shariah-compliant global equities strategy. AI selects, weights, and constructs a portfolio of top-performing Shariah-compliant global equities with direct holdings from global stock exchanges.
• Keheilan-Sukuk
• Direct Indexing
• Keheilan Ventures

Products and services

• Keheilan-KAIF

Quantifiable outcome

• 40% historical return for Keheilan-KAIF Live AI-Managed Portfolio
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature4 records

Partnerships

Two partnerships are on record, tiered minor.

• Community Jameel Saudi / StartSmart SaudiminorStrategic or Co-development Partner · 30 April 2026Keheilan participated in the Jameel Investment Forum 2026, organized in partnership with StartSmart Saudi and Community Jameel Saudi, discussing the role of family capital in supporting family businesses and challenges related to balancing interests and long-term investment.
• ITIDA – EME Innovation LabsminorStrategic or Co-development Partner · 5 April 2026Keheilan supports the ITIDA – EME Innovation Labs – Giza Acceleration Program aimed at empowering deep tech startups in Egypt through technical support, mentorship, and ecosystem access to drive innovation-led growth.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SEDCO Capital: Saudi-based Shariah-compliant asset manager offering multi-asset and private equity strategies to institutional and HNW investors. Most directly comparable to Keheilan given shared Shariah focus, multi-strategy structure, and MENA institutional client base.
• Wahed Invest: Digital-native Shariah-compliant investment platform serving global Muslim retail and HNW investors with diversified portfolios. Overlaps with Keheilan's Direct Indexing and KAIF products on client type and compliance philosophy, though Keheilan adds an institutional and VC layer.
• Saturna Capital: US-based asset manager operating Amana Mutual Funds, a long-standing family of Shariah-compliant equity and growth/income funds. Directly comparable to Keheilan's KAIF product on Shariah equity exposure for global investors.
• Raed Ventures: MENA early-stage venture capital firm investing in technology-enabled startups. Comparable to Keheilan's venture arm on stage (pre-seed/seed), region (MENA), and active partnership model.
• Shorooq Investments: UAE-based VC firm investing from pre-seed through growth across MENA technology companies. Comparable to Keheilan's VC strategy on geographic focus, stage range, and emphasis on deep-tech-adjacent founders.
• SP Funds: US-based asset manager offering Shariah-compliant ETFs (e.g., SP Funds S&P 500 Sharia ETF). Directly comparable to Keheilan's Direct Indexing product on Shariah ETF benchmarking for HNW and institutional investors.

Broad incumbents

• Al Rajhi Capital: Investment arm of Al Rajhi Bank, one of the largest Saudi financial institutions, offering Shariah-compliant asset management, brokerage, and advisory across public and private markets. Comparable product breadth but at vastly larger scale and broader mandate.
• iShares by BlackRock (Islamic ETFs): Global ETF franchise operated by BlackRock, including iShares MSCI World Islamic and Emerging Markets Islamic UCITS ETFs. Comparable as the index benchmarks Keheilan's Direct Indexing product is constructed against, and a competitor for institutional Shariah-equity allocations.
• Ninety One: Global asset manager with significant emerging markets and Shariah-compliant capability across equities and fixed income. Comparable to Keheilan on emerging-markets equity, Sukuk fixed income, and institutional distribution across MEA.

Regional players

• Jadwa Investment: Saudi Arabia-based investment manager offering Shariah-compliant asset management, private equity, and advisory services to institutional clients. Comparable MENA institutional focus and Shariah discipline, though larger and more diversified across asset classes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

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

M&A

Investments4 records

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

Frequently asked questions about Keheilan Asset Management