What Khalij Group does

Khalij Group is a UK-headquartered, FCA-regulated Islamic investment and advisory conglomerate founded in 2008, operating through nine wholly-owned subsidiaries: Khalij Islamic (Shari'a advisory and product structuring), Khalij Financial Services (investment and advisory boutique), Khalij Commodities (online commodity Murabaha trading platform), Alfinova (Islamic securitization and Sukuk issuance platform), Khalij Real Estate, Khalij Solutions (B2B Shari'a-compliant technology), OvexTech (technology outsourcing), Khalij Capital (US energy-sector advisory), and Khalij Foundation (non-profit). The firm serves financial institutions, family offices, asset managers, wealth managers, corporate treasuries, and Islamic index providers across Europe, the GCC, the Far East, South East Asia, North America, and Africa, with 200+ employees and assets under advisory exceeding USD 4.3 billion as of 31 December 2025.

Khalij generates revenue through five primary streams: professional services fees for end-to-end Shari'a advisory (structuring, reviews, monitoring, audits); transaction fees from fund raising and distribution via its 300+ investor network; transaction fees from online commodity Murabaha trading; transaction fees from Sukuk and note issuance via the Alfinova platform; and professional services fees for training and education. Pricing is bespoke and quote-based with no publicly disclosed tiers. The go-to-market is primarily enterprise field sales through senior advisory relationships, supplemented by a self-serve online channel for commodity trading. The firm's core differentiator is its position as the only FCA-regulated Shari'a advisory firm that is completely independent of any financial institution or Shari'a scholar, supported by a proprietary technology stack (commodity trading platform, Alfinova issuance platform, B2B solutions) and a Shari'a board of internationally recognized scholars with AAOIFI committee memberships.

Name

Khalij Group

Legal name

Khalij (UK) Limited

Website

https://khalij.co.uk

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

11–50 employees

Short description

Khalij Group is a UK-based, FCA-regulated Islamic investment and advisory conglomerate operating nine subsidiaries across Shari'a advisory, commodity trading, Sukuk issuance, real estate, and B2B technology. It serves financial institutions, family offices, and asset managers globally, managing USD 4.3B+ in assets under advisory with 200+ employees.

Ownership category

akta.pro rank

Product category

Islamic Financial Advisory & Shari'a Compliant Services

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (525990), Management of Companies and Enterprises (551), Miscellaneous Financial Investment Activities (523999)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211), Asset-Backed Securities (6189)

akta.pro primary industry

Islamic Investment Banking & Capital Markets Services (FSABAGAG)

akta.pro secondary industries

Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ), Sukuk Origination & Structuring (Bank-led) (FSABAGAL), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Treasury, Liquidity & Interbank (Commodity Murabaha, Sukuk Liquidity) (FSABAGAK), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE)

Keywords

• Islamic financial advisory
• Shari'a compliant structuring
• Sukuk issuance services
• Commodity Murabaha trading
• Islamic capital markets

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Islamic Advisory Services: End-to-end Shari'a advisory services including consulting, structuring, be-spoke solutions, Shari'a reviews, monitoring, and audits. Retained as Shari'a advisor by European and Middle Eastern financial institutions.
2. Fund Raising & Distribution: Facilitates fund raising for clients through network of 300+ investors across Europe, GCC, and Far East. Has raised in excess of USD 500 million over last 3 years for clients.
3. Commodity Murabaha Trading: Online commodity trading platform offering Shari'a compliant commodity Murabaha transactions. Physical commodities traded on LME prices with physical delivery capability.
4. Sukuk Issuance Platform: Islamic issuance platform facilitating securitization of Shari'a compliant assets. Notes issued with ISINs, listed on recognized exchanges, clearable through Euroclear/Clearstream.
5. Training & Education: Islamic finance training and education programs tailored to client needs, conducted across Europe, Middle East, South East Asia, and Africa.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Khalij Group is an FCA-regulated Islamic investment and advisory conglomerate providing end-to-end Shari'a compliant financial services including Shari'a advisory and structuring, Sukuk issuance, commodity Murabaha trading, fund raising, and real estate services for financial institutions, family offices, asset managers, wealth managers, and corporate clients across Europe, the Middle East, and Asia.

Product overview

Khalij Group is a conglomerate providing Islamic financial services and Islamic capital markets solutions. The group operates as a platform of nine distinct business units: Khalij Islamic (FCA regulated Shari'a advisory), Khalij Commodities (online commodity trading platform), Khalij Financial Services (investment and advisory boutique), Alfinova (Islamic securitization platform), Khalij Real Estate (property services), Khalij Solutions (B2B technology platform), OvexTech (technology outsourcing), Khalij Capital (US financial advisory), and Khalij Foundation (non-profit). The group has over 200 employees and serves clients across Europe, GCC, and Far East regions, having raised over USD 500 million for clients and managing assets under advisory exceeding USD 4.3 billion.

Differentiator

Problem solved

Functional benefit

Brands

• Khalij Commodities: Online Shari'a compliant commodities trading platform facilitating execution of commodity Murabaha trades.
• Khalij Financial Services
• Alfinova
• Khalij Real Estate
• Khalij Solutions
• OvexTech
• Khalij Capital
• Khalij Foundation

Products and services

• Khalij Islamic An FCA regulated and award winning provider of end-to-end Islamic consulting services offering bespoke Shari'a compliant structuring solutions across all asset classes, including Sukuk, private equity, syndications, derivatives, structured notes, and funds, for financial institutions, asset managers, wealth managers, Islamic index providers and family offices.
• Khalij Commodities An FCA regulated online Shari'a compliant commodity trading platform that facilitates execution of commodity Murabaha trades in an efficient, economical and convenient manner, with physical commodity delivery, title ownership transfer, and 24/7 access via computer or mobile device. Physical commodities are traded on LME prices with physical delivery capability.
• Khalij Financial Services An FCA regulated investment and advisory boutique offering financing and bespoke structured solutions, treasury deposits, origination, fund raising (over USD 500 million raised in 3 years), and disposal of assets for financial institutions and family offices.
• Alfinova A UK-based Islamic securitization and issuance platform that facilitates clients in securitization of Shari'a compliant assets and structures by issuing Sukuk or notes listed on recognized stock exchanges, using English Law jurisdiction. Notes are issued with ISINs and are clearable through Euroclear/Clearstream.
• Khalij Real Estate A real estate service provider offering end-to-end solutions including identification, acquisition, financing, development, management, and disposal of properties across retail, commercial, offices, residential, warehouses, student accommodations, and care homes in UK, Europe, and the Middle East.
• Khalij Solutions A technology platform delivering Shari'a-compliant B2B solutions that empowers financial institutions and businesses with innovative, scalable tools for operational efficiency, regulatory compliance, and digital transformation.
• OvexTech A technology solution provider and outsourcing partner focused on developing expertise for client benefit and innovative customer service solutions using various technologies and tools. OvexTech operates from Pakistan as part of the group structure.
• Khalij Capital A US-based boutique financial advisory firm providing transaction structuring and arrangement of financing services to companies, focusing on Energy (Oil and Gas and Power) sectors.
• Khalij Foundation
• Islamic Finance Training and Education Islamic finance training and education programs tailored to client needs, conducted across Europe, Middle East, South East Asia, and Africa. Includes educational presentations at institutions like London School of Economics and IIBI.

Quantifiable outcome

• USD 500 million+ raised for clients over 3 years
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

17 partnerships are on record, tiered notable, minor and core.

• Abu Dhabi Equity Partners (ADEP)notableStrategic or Co-development PartnerKhalij Islamic served as Sharia consultant for ADEP's landmark Brazilian agri-based inventory transaction - Brazil's first Shari'a-compliant agricultural inventory finance transaction. Transaction involved financing for a leading sugar and ethanol producer in Mato Grosso do Sul using Wakala and Murabaha structures.
• White & CasenotableImplementation/ SI/ Consulting PartnerServed as global and Sharia counsel for ADEP's Brazilian agricultural finance transaction
• Peterson Control Union GroupminorOthersProvided monitoring and inspection services for physical commodities in storage
• Prof Dr. Aznan HasancoreOthersShari'a scholar serving on Khalij Group's Shari'a board. Associate Professor at IIUM, Founding President of ASAS, Deputy Chairman of Shari'a Advisory Council at Securities Commission Malaysia. Serves on boards of multiple Islamic financial institutions globally.
• Professor Dr. Mohamed Ali ElgaricoreOthersShari'a scholar with AAOIFI membership, Sharia Board of Dow Jones Islamic Market Index. Former director of Centre for Research in Islamic Economics at King Abdul Aziz University. Visiting professor at Harvard.
• Sheikh Dr. Yousef Abdullah Al ShubailycoreOthersShari'a scholar serving on various Shari'a boards for banks and financial institutions in Saudi Arabia, Bahrain, Kuwait, UAE, Qatar, USA, and UK.
• Dr. Ali Al QaradaghicoreOthersProfessor at University of Qatar, heads Islamic jurisprudence department. Serves on Shari'a boards of Emirates Islamic Bank, Dubai Islamic Bank, Investment House Bahrain, Investors Bank Bahrain, First Investment Kuwait.
• Sheikh Dr. Esam Khalaf Al-EnezicoreOthersProfessor at Kuwait University, member of AAOIFI Shari'a Board, advisory and Shari'a supervision for Islamic banks and institutions.
• Dr. Mohamed Abdulhakim ZoeircoreOthersShari'a scholar, member of Fatwa and Shari'a supervisory boards of leading Islamic banks in GCC and MENA region. Lecturer at Emirates Institute for Banking and Financial Studies.
• Dr. Mohammed Burhan ArbounacoreOthersFormer Shari'a Head at Seera Investment Bank Bahrain, Kuwait Finance House Bahrain. Worked with AAOIFI. Member of Islamic Money Market Framework steering committee at Central Bank of Bahrain.
• Dr. Shaikh Faizal Ahmad ManjoocoreOthersPracticing attorney, member of Shari'a Supervisory Board of Islamic institutions in South Africa, Bahrain, and Mauritius. PhD on Pension Funds from University of Gloucestershire.
• Mufti Faraz AdamcoreOthersUK-based Islamic Finance and Fintech consultant advising institutions in UK, US, Canada, Malaysia, Singapore, UAE. Authored book 'Introduction to Islamic Fintech'.
• Mufti AK BarkatullacoreOthersIslamic Shari'a law expert with background in economics and finance. Shari'a advisor for Islamic banks and funds in Europe and Asia.
• Mufti Nooruallah ShikdercoreOthersIslamic jurist and English qualified lawyer. Previously at Dubai Islamic Bank Shari'a Coordination Department. Ranked among world's leading scholars by FAILAKA (2008).
• AAOIFIcoreStrategic or Co-development PartnerAccounting and Auditing Organization for Islamic Financial Institutions. Multiple Khalij team members serve on AAOIFI committees including Translation Committee and Commodity Murabaha Governance Project working group.
• Institute of Islamic Banking and Insurance (IIBI)notableStrategic or Co-development PartnerKhalij Group team members deliver lectures and training at IIBI. Firm also sponsors IIBI events including IFN's 2013 Issuers & Investors Forum.
• London School of EconomicsnotableStrategic or Co-development PartnerKhalij Group conducts Islamic finance education presentations at LSE as part of knowledge dissemination initiatives.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• DDCAP Group: UK-based Shari'a compliant financial intermediary providing asset facilitation services across interbank, treasury, and capital markets. Directly comparable to Khalij Commodities and Alfinova platforms.
• Dar Al Sharia: UAE-based Shari'a advisory and consultancy firm providing Shari'a supervisory board services, product structuring, and Islamic finance advisory to financial institutions across MENA. Comparable boutique Shari'a advisory peer.
• Shariyah Review Bureau: Dubai-based Shari'a review and advisory firm offering independent Shari'a consultancy, product structuring, and audit services to Islamic financial institutions globally. Direct competitor to Khalij Islamic in independent Shari'a advisory.
• Amanie Advisors: Malaysia-based Islamic finance advisory firm providing Shari'a advisory, product structuring, and training services to Islamic financial institutions globally. Comparable boutique peer in Islamic finance advisory.

Emerging players

• IdealRatings: US-based Shari'a screening and Islamic finance technology provider serving asset managers and index providers. Comparable to Khalij's Shari'a compliance, index, and screening advisory offerings with a technology-led approach.

Broad incumbents

• Deloitte Islamic Finance: Global Big Four firm with a dedicated Islamic Finance practice offering advisory, audit, tax, and consulting services to Islamic financial institutions. A larger incumbent competing with Khalij on enterprise advisory mandates.
• EY Islamic Finance Services: EY's dedicated Islamic Finance practice providing audit, tax, transactions, and advisory services to Islamic financial institutions globally. Comparable broad incumbent peer for Islamic finance advisory work.
• KPMG Islamic Finance: Big Four firm's Islamic Finance practice offering audit, tax, and advisory services across MENA, Asia, and Europe. Competes with Khalij on advisory mandates and is a source of experienced hires (multiple Khalij leaders are ex-KPMG).
• Refinitiv (LSEG) Islamic Finance: London Stock Exchange Group's financial data and infrastructure business with Islamic finance data, indices, and Sukuk screening services. Comparable to Khalij's index advisory and Shari'a screening work and a potential platform competitor.
• Al Rajhi Banking & Investment Group: One of the world's largest Islamic banks offering full-service Islamic banking, advisory, and capital markets services including Sukuk arrangement and Shari'a-compliant product structuring. A potential client and large-scale competitor for Islamic advisory mandates.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutu.be/Y6KXT_68T7k
• LinkedInlinkedin.com/company/khalij-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 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 Khalij Group