Rasameel Investment Company

What Rasameel Investment Company does

Rasameel Investment Company is a Kuwait-based, Sharia-compliant asset management and investment firm operating across global markets. Founded in 2006 and transformed in 2015 from a finance company into an Islamic asset manager, the company manages approximately US$500 million in AUM (as of March 2022), structured across multiple funds including the Navigator Fund (multi-asset global mandate), the STARTECH Fund (regional emerging-technology investments), the Rasameel Technology Fund (global innovation equities), and the Al Nawakhda Fund (currently in liquidation). The firm also deploys capital into US and UK income-producing real estate, private equity, and venture capital investments, with transaction activity including US$194M in Ohio healthcare-leased offices and £19.4M in Cardiff student housing.

The technology backbone is the myRasameel mobile application (iOS and Android), relaunched in October 2023, which provides clients with portfolio management, market data, transaction execution, and 24/7 access to investment advisory services. Rasameel maintains a dedicated Sharia Supervisory Board and is regulated by the Kuwait Capital Markets Authority, with a DFSA-regulated subsidiary (Rasameel Investment House Limited) in Dubai. Distribution combines self-serve digital channels, direct sales at the Kuwait City headquarters, and annual investor forums, supported by a content engine of market outlook publications and press releases.

Revenue is generated primarily through asset management and fund management fees on AUM, supplemented by performance-related economics from real estate transactions and venture investments. The company is currently undergoing a merger with Kivek Investment Company (KFH Investment), with shareholder approval secured in February 2026 and Capital Markets Authority approval granted in November 2025, positioning the combined entity for potential future listing on the Kuwait Stock Exchange.

Name

Rasameel Investment Company

Legal name

Rasameel Investment Company

Website

https://rasameel.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Rasameel Investment Company is a Kuwaiti Sharia-compliant asset manager managing approximately US$500 million in AUM across equity, sukuk, real estate, and venture capital funds, serving individual and HNWI clients globally through digital and direct channels.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Real Estate Property Managers (53131), Open-End Investment Funds (525910)

SIC

Investment Advice (6282), Real Estate (6500)

akta.pro primary industry

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC)

akta.pro secondary industries

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ), Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM)

Keywords

• Sharia-compliant investing
• Asset management services
• Investment fund management
• Portfolio strategy solutions
• Real estate investments

Headquarters

HQ city

Kuwait

HQ country

Kuwait

HQ region

Middle East

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Asset Management Fees: Rasameel generates revenue through asset management fees charged for managing funds, portfolios, and investment products including equity funds, sukuk investments, real estate investments, and alternative investments for clients.
2. Fund Management: Revenue from managing various investment funds including the Navigator Fund, Rasameel Technology Fund, and the Al Nawakhda Fund (currently under liquidation). Fees are earned based on assets under management.
3. Portfolio Management Services: The company provides Sharia-compliant equity and sukuk investment services through separately managed accounts and funds, generating management fees from these services.
4. Private Equity and Venture Capital: Rasameel invests in private equity and real estate products in GCC countries and international markets, generating returns through capital appreciation and exit strategies from portfolio companies.
5. Real Estate Investments: The company offers real estate investment products acquired through separate entities and administered by global custodians, generating returns through rental income and capital appreciation.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Rasameel Investment Company manages Sharia-compliant investment portfolios, funds, and real estate products for individual and institutional clients. Its offerings include equity and sukuk funds, technology-focused and multi-asset funds, and tax-efficient real estate vehicles administered through global custodians. The myRasameel mobile application provides clients digital access to execute investments, monitor portfolios, and access real-time market insights 24/7.

Product overview

Rasameel Investment Company offers a comprehensive suite of Sharia-compliant investment products and digital services. The core offering includes investment funds (Navigator Fund, STARTECH Fund, Rasameel Technology Fund), portfolio management strategies, and real estate investments. The company provides the myRasameel mobile application as its primary digital platform, enabling clients to manage investments, access market insights, and execute financial operations. All products are designed to comply with Islamic Sharia principles and are supervised by the company's Sharia Supervisory Board. The product architecture follows a platform-plus-strategies model, with the mobile app serving as the client-facing interface for the various investment products.

Differentiator

Problem solved

Functional benefit

Products and services

• myRasameel Mobile Application A mobile investment platform enabling clients to manage investments, execute financial operations (deposits, investments, stock purchases), access real-time global market updates, receive daily market summaries, and connect with Rasameel's investment team 24/7. Available on Android and iOS.
• Investment Funds Sharia-compliant equity and sukuk investment services offered in the form of portfolios and funds, providing investors with diversified access to Rasameel's long-term market strategies.
• Portfolio Strategies Tailor-made investment strategies designed around specific sectors and markets for investors seeking customized investment approaches.
• Real Estate Investments Real estate investment deals offering access to the property sector through tax-efficient structures; each transaction is acquired through a separate entity and administered by a global custodian for transparency.
• Navigator Fund Multi-asset fund designed to invest in global market opportunities across diverse sectors and various asset classes including global stocks, sukuk, commodities, and precious metals, aimed at generating strong gains over entire economic cycles.
• Rasameel Technology Fund (صندوق رساميل للتكنولوجيا) First technology-focused investment fund in Kuwait, globally oriented, investing in companies developing innovative technologies that disrupt sectors through products and strategies in retail, digital health, AI, data processing, and networks.
• STARTECH Fund Fund licensed by Kuwait Capital Markets Authority focusing on investing in emerging technology companies in the region, providing growth opportunities and risk diversification across sectors.
• Global Revenue Portfolio Model portfolio providing clients opportunity to invest in companies with policies of distributing annual dividends at rates higher than general average, offering sustainable income and long-term growth.
• Crowdfunding Investment Services Crowdfunding and investment services provided through collective ownership platforms in Kuwait, developed in partnership with Try It Tech to broaden access to investment opportunities.

Quantifiable outcome

• Global equity strategy delivered 49.9% gains for year ended March 31, 2021
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Al-Masar (Investment Advisor)coreImplementation/ SI/ Consulting Partner · 1 November 2025Al-Masar served as investment advisor for the merger project between Rasameel and Kafik Investment, providing independent advisory services for the merger transaction.
• KPMGcoreImplementation/ SI/ Consulting Partner · 1 November 2025KPMG served as asset valuer for the merger project between Rasameel and Kafik Investment, providing independent valuation services for the merger transaction.
• Kuwait Direct Investment Promotion Authority (KDIPA)minorGTM or Marketing Partner · 18 July 2023Rasameel joined the KDIPA list of companies contributing to attracting direct investment with added value to the Kuwaiti market. The partnership provides exceptional benefits for business owners and opportunities for foreign investors to enter the local market.
• Brilliant LabcoreStrategic or Co-development Partner · 28 November 2021Joint venture to create 'Brilliant Starts' fund investing in early-stage companies. The fund is jointly managed by Brilliant Lab and Rasameel Investment Company along with other high-net-worth individual investors from Kuwait. The fund aims to accelerate growth of SMEs in Kuwait and the region, providing mentorship and guidance to young entrepreneurs.
• Try It TechcoreStrategic or Co-development Partner · 10 May 2021Rasameel Investment Company signed a Memorandum of Understanding with Try It Tech for investment in financial technology to provide crowdfunding and investment services by establishing platforms for collective ownership financing in Kuwait. The partnership aims to leverage crowdfunding to allow the public and individuals to invest directly in investment opportunities without excessive costs and fees.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• National Investments Company (NIC): One of Kuwait's oldest investment companies, providing asset management, brokerage, and investment banking. Comparable to Rasameel as a Kuwaiti-domiciliated multi-product asset manager serving similar retail and institutional segments.
• Markaz (Kuwait Financial Centre): Kuwaiti-listed asset management and investment banking firm managing equity, fixed income, real estate, and VC funds for institutional and individual clients. Directly comparable to Rasameel in product mix and Kuwaiti HNW/institutional target base, with a longer public-market track record.
• KFH Investment (Kivek Investment Company): KFH Group's investment arm and Rasameel's announced merger counterparty. Operates comparable Sharia-compliant funds, portfolio management, and brokerage in Kuwait, making it the most directly overlapping peer especially post-merger integration.

Emerging players

• Wahed Invest: Global digital Sharia-compliant robo-advisor with a strong MENA footprint. Notable as a STARTECH portfolio company of Rasameel and a direct competitor offering low-cost digital Islamic investing — a partial overlap that tests Rasameel's myRasameel app positioning.
• Sarwa: UAE-based digital wealth platform offering Sharia-compliant portfolios alongside conventional ones. Comparable to Rasameel as a tech-enabled investment platform targeting GCC retail and mass-affluent clients.

Broad incumbents

• Global Investment House: Historic Kuwaiti/GCC asset manager that built regional investment banking, asset management, and real estate platforms. Comparable as a broad incumbent specializing in Islamic products across the Gulf, even after its restructuring.
• Riyad Capital: Saudi investment bank with a sizable asset management, brokerage, and real estate finance franchise. Comparable to Rasameel across multi-asset funds and regional real estate deal flow, though Saudi rather than Kuwaiti anchored.
• Al Rajhi Capital: Largest Saudi Sharia-compliant brokerage and asset manager. Comparable to Rasameel as a regionally significant Islamic asset manager with multi-asset funds and brokerage, though operating at much larger AUM scale.
• Boubyan Bank Investment Services: Islamic bank offering asset management, brokerage, and wealth advisory to Kuwaiti clients. Comparable as a Sharia-compliant incumbent competitor in retail wealth management in the same market as Rasameel.

Regional players

• Sharjah Asset Management: UAE-based government-linked asset manager operating regional real estate and PE funds. Comparable to Rasameel's alternative-investments arm as a regional real estate and PE-oriented manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments8 records

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

Frequently asked questions about Rasameel Investment Company