Musharaka Capital
Musharaka Capital is a CMA-licensed Saudi asset management and investment banking firm offering Sharia-compliant brokerage (local and 30+ global markets), real estate investment funds, IPO and sukuk management, custody, and investment banking services to retail investors, corporate issuers, and fintech platforms.
- Company typePrivate
- Founded2013
- HeadquartersAl Khobar, Saudi Arabia
- Headcount11–50
- GTM typeB2B and B2C
- OfferingServices
What Musharaka Capital does
Musharaka Capital (مشاركة المالية) is a Saudi Arabia-based, CMA-licensed asset management and investment banking company founded in 2013 and operating since May 2014 under Capital Market Authority license 27-13169, which authorizes dealing, investment management, fund operations, arrangement, advisory, and custody. Headquartered in Al Khobar with a regional office in Riyadh, the firm serves three primary customer segments: (1) individual retail investors seeking Sharia-compliant brokerage and fund products; (2) corporate clients needing IPO management, sukuk issuance, rights issues, custody, and investment banking services; and (3) fintech platforms and investment funds requiring licensed custody infrastructure. Its paid-up capital stands at SAR 65 million.
The firm operates an integrated platform spanning six core product lines: Brokerage (local Tadawul trading and access to 30+ international markets via the Musharaka Global platform), Real Estate Investment Funds (a multi-vehicle franchise including the listed Musharaka REIT at SAR 1.44 billion AUM as of December 2025 and the newly launched Al Haram View Fund targeting SAR ~1.5 billion in Makkah mixed-use development), Securities Management, IPO Management (main market and Nomu parallel market plus sukuk dealing), Custody Services (including sub-custody, omnibus accounts, and fintech-embedded custody), and Investment Banking (M&A arrangement and advisory). Customer-facing technology is delivered through two proprietary mobile applications (Musharaka App and Musharaka Global App) and a web trading platform (app.musharaka.sa), providing single sign-on access to local and global markets with Sharia-compliant product filtering throughout.
Revenue is generated through five streams: brokerage commissions on local and international trades (transaction fees), management and performance fees on real estate investment funds (recurring subscription/management), IPO/sukuk dealer and underwriter fees (transaction fees), custody fees from funds, portfolios, and fintech platforms (managed services), and Islamic murabaha margin financing (recurring). Distribution is hybrid: a self-serve PLG motion for retail and corporate onboarding via the apps and website, combined with a direct enterprise sales motion for IPO, sukuk, custody, and IB mandates. The firm has executed high-profile mandates including a 679% coverage ratio IPO for Adir Real Estate on Nomu, a 150.4% coverage IPO for Jnee Medical, and sukuk dealer roles for Biday a Finance (SAR 1 billion program), Raya Financing (SAR 300 million), and Intelligent Oud Company (SAR 50 million).
Musharaka Capital firmographics
Firmographics- Name
- Musharaka Capital
- Legal name
- Musharaka Capital (مشاركة المالية)
- Website
- https://musharaka.sa
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Musharaka Capital is a CMA-licensed Saudi asset management and investment banking firm offering Sharia-compliant brokerage (local and 30+ global markets), real estate investment funds, IPO and sukuk management, custody, and investment banking services to retail investors, corporate issuers, and fintech platforms.
- Ownership category
- akta.pro rank
Musharaka Capital industry classification
Industry- Product category
- Investment Banking and Asset Management
- NAICS
- Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Open-End Investment Funds (525910), Trust, Fiduciary, and Custody Activities (523991), Open-End Investment Funds (52591)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189), Investment Advice (6282), Finance Services (6199)
- akta.pro primary industry
- Islamic Investment Banking & Capital Markets Services (FSABAGAG)
- akta.pro secondary industries
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Sukuk Origination & Structuring (Bank-led) (FSABAGAL), Islamic Private Banking & Wealth (FSABAGAD), Islamic Corporate Banking (FSABAGAC)
Keywords
Where Musharaka Capital is headquartered
LocationHeadquarters
- HQ city
- Al Khobar
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices2 records
Markets served
Musharaka Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Brokerage Services: Commission-based trading services for local Saudi stocks and international markets across 30+ exchanges. Includes local brokerage, global brokerage, and institutional brokerage services.
- Real Estate Investment Funds: Management fees from operating multiple real estate investment funds including Musharaka REIT (1.44 billion AUM as of December 2025), Al Haram View Fund (1.5 billion expected investment), and other specialized real estate funds.
- IPO and Sukuk Management: Dealer role in sukuk issuances and IPO management services, acting as underwriter and placement agent for companies seeking capital market access.
- Custody Services: Custody fees for investment funds, private portfolios, and as sub-custodian for fintech platforms. Services include bondholder representation and sukuk payment management.
- Margin Financing: Islamic-compliant murabaha financing solutions enabling investors to enhance purchasing power of their portfolios.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels4 records
Musharaka Capital product offering
Product offeringCore offering
Musharaka Capital is a Saudi-based licensed financial services firm offering brokerage (local and global), real estate investment funds, securities/portfolio management, IPO and sukuk issuance management, custody services, and investment banking advisory. The firm operates across Sharia-compliant investment products through dedicated trading platforms and serves both individual and institutional clients. Revenue is generated through transaction commissions, fund management fees, custody fees, and advisory/arrangement fees.
Product overview
Musharaka Capital is a Saudi-based asset management and investment banking company operating under Capital Market Authority license (27-13169). The company offers an integrated financial services platform comprising six core product lines: Brokerage Services (local and global trading across 30+ international markets plus institutional brokerage and Sharia-compliant murabaha financing), Real Estate Investment Funds (including 14 active and liquidated funds with sizes ranging from 111.7 thousand to 1.56 billion SAR across REIT, development, and specialized property categories), Securities Management (private and public investment funds plus private portfolio management), IPO Management (primary and parallel market listings, rights issues, and sukuk/bond dealing), Custody Services (comprehensive custody including sub-custody, omnibus accounts, and fintech custody solutions), and Investment Banking (arrangement and advisory for M&A, capital raising, and project financing). The platform is accessible via dedicated mobile applications for local and global trading.
Differentiator
Problem solved
Functional benefit
Brands
- Musharaka App: Mobile trading application for local Saudi stocks.
- Musharaka Global
Products and services
- Brokerage Services Full-service brokerage platform offering local Saudi market trading (Tadawul), access to 30+ international markets, institutional brokerage solutions, and Sharia-compliant murabaha financing and margin trading.
- Real Estate Investment Funds Diversified range of Sharia-compliant real estate investment funds including REIT, development, residential, office, and specialized property funds with varying target returns across Saudi Arabia.
- Securities Management Investment management services providing private investment funds, private portfolio management, and public investment funds across stocks and fixed-income products.
- IPO Management Qualified team managing IPO operations in Saudi financial markets including the main market (Tadawul) and parallel market (Nomu), rights issue subscriptions, and serving as dealer in the sukuk and bonds market.
- Custody Services Comprehensive custody solutions including investment fund custody, private equity fund custody, portfolio custody, securities custody in local/Gulf/international markets, sub-custody services, omnibus accounts, bondholder representation, and sukuk payment management.
- Investment Banking Combines global experience and local expertise to provide project and corporate financing, financial market advisory, capital raising strategies, M&A transaction facilitation, and joint venture advisory.
Quantifiable outcome
- 679% coverage ratio achieved for Adir Real Estate IPO on Nomu market
- +3 more outcomes
Companies that use Musharaka Capital
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles2 records
Musharaka Capital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Musharaka Capital partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- Masat Insurance Brokerage (مسارات لوساطة التأمين)minorCollaboration on blood donation campaign organized jointly at Radin Commercial Center. Partnership reflects the company's commitment to community service initiatives.
- King Faisal Specialist Hospital and Research Center (مستشفى الملك فيصل التخصصي ومركز الأبحاث)minorHealthcare partner for blood donation campaign, providing medical support and facilities for the community initiative organized by Musharaka Capital.
- Ihyaa Real Estate (إحياء العقارية)coreStrategic partnership signed November 2025 to support and develop sustainable real estate projects that enhance investment activity in the real estate sector. The partnership aims to expand financing and investment solutions and contribute to supporting innovative real estate ventures.
- Walaa Plus (ولاء بلس)minorStrategic partnership agreement signed August 2025 at Walaa Plus lounge to provide exclusive offers enabling customers to benefit from special advantages through the Walaa Plus platform. Partnership aims to enhance value provided to customers and provide additional benefits to develop their investment experience.
- Thughrah Association (جمعية ذوق)minorStrategic sponsorship agreement signed December 2024 as main supporter, attended by Prince Saud bin Naif bin Abdulaziz Al Saud - Eastern Region Emir and Honorary President of the Association, and Mr. Ibrahim Al-Assaf - Managing Director and CEO of Musharaka Capital.
- Jabal Omar Development Company (شركة جبل عمر للتطوير)corePartnership agreement signed November 2024 for Musharaka to acquire land in Phase 5 of Jabal Omar project in Makkah. This aligns with the company's real estate fund development strategy.
- Ladin Investment (لدن للاستثمار)corePartnership agreement signed November 2024 to establish a real estate development fund. The fund aims to acquire land with an area of 3,881 square meters for development purposes.
Scale indicators6 records
Recent moves8 records
Expansion highlights6 records
Musharaka Capital competitors and assessment
Company assessmentDirect peers
- SEDCO Capital: Saudi Arabia-based Shariah-compliant asset manager and investment advisor. Closely comparable to Musharaka given parallel focus on Islamic-compliant funds, real estate investments, and private placements for institutional and HNW clients in Saudi Arabia.
- Derayah Financial: Saudi CMA-licensed investment management firm offering discretionary portfolio management, mutual funds, and real estate funds under a Shariah-compliant framework. Directly comparable to Musharaka's securities management and real estate fund product set.
- Alkhabeer Capital: Jeddah-based Shariah-compliant investment manager with private equity, real estate, and structured products funds. Similar mid-sized Saudi asset manager operating under CMA oversight with comparable Islamic finance positioning.
- Jadwa Investment: Saudi Arabia-based investment bank and asset manager offering brokerage, asset management, and investment banking services. Comparable in size and product scope to Musharaka, particularly in Saudi equity research and IB advisory.
- Falcom Financial Services: Saudi CMA-licensed firm providing brokerage, asset management, and investment banking. Comparable Shariah-compliant product set and similar mid-market positioning relative to Musharaka.
- Arbah Capital: Saudi-based investment management and advisory firm. Comparable scope across asset management and capital markets services, particularly for institutional and family office clients in the Kingdom.
- Alistithmar Capital: Saudi CMA-licensed financial services firm providing brokerage, asset management, and corporate finance. Mid-sized peer with overlapping brokerage and Shariah-compliant product focus.
Broad incumbents
- SNB Capital: One of the largest Saudi investment banks and asset managers (formerly NCB Capital). Overlaps with Musharaka across brokerage, asset management, IPO/sukuk, and custody, but operates at materially larger scale and balance sheet.
- Riyad Capital: Investment banking and asset management arm of Riyad Bank, one of Saudi Arabia's largest financial institutions. Competes with Musharaka in brokerage, IPO underwriting, REITs, and custody but with deeper institutional reach.
- Al Rajhi Capital: Investment arm of Al Rajhi Banking Group, providing brokerage, asset management, and investment banking. A dominant Saudi incumbent with overlapping Shariah-compliant product offerings and broader distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Musharaka Capital social profiles
Digital presenceMusharaka Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Musharaka Capital leadership team
Management profileNumber of profiles
Profiles12 records
Musharaka Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Musharaka Capital 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 Musharaka Capital
What does Musharaka Capital do?
Musharaka Capital is a Saudi-based licensed financial services firm offering brokerage (local and global), real estate investment funds, securities/portfolio management, IPO and sukuk issuance management, custody services, and investment banking advisory. The firm operates across Sharia-compliant investment products through dedicated trading platforms and serves both individual and institutional clients. Revenue is generated through transaction commissions, fund management fees, custody fees, and advisory/arrangement fees.
Is Musharaka Capital a public or private company?
Musharaka Capital is a private company. It is classified as unknown and is currently operating.
When was Musharaka Capital founded?
Musharaka Capital was founded in 2013. It employs 11 to 50 people.
Where is Musharaka Capital based?
Musharaka Capital is headquartered in Al Khobar, Saudi Arabia, in the Middle East region.
How does Musharaka Capital make money?
Five revenue lines are on record. Brokerage Services are the primary driver. The others are real Estate Investment Funds, IPO and Sukuk Management, custody Services and margin Financing.
Who are Musharaka Capital's main competitors?
Direct peers on record are SEDCO Capital, Derayah Financial, Alkhabeer Capital, Jadwa Investment, Falcom Financial Services, Arbah Capital and Alistithmar Capital. Broad incumbents are SNB Capital, Riyad Capital and Al Rajhi Capital.
Does Musharaka Capital have an API?
No public API is recorded for Musharaka Capital.
What industry is Musharaka Capital in?
Musharaka Capital's product category is Investment Banking and Asset Management. Its primary akta.pro industry code is FSABAGAG, Islamic Investment Banking & Capital Markets Services, with a secondary code of FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 523 and its SIC code is 6211.