Investment Account Platform

What Investment Account Platform does

Investment Account Platform (IAP), operated by IAP Ventures Sdn Bhd and headquartered in Kuala Lumpur, Malaysia, is a multi-bank fintech platform that intermediates Shariah-compliant Investment Account (IA) products between Malaysian ventures seeking financing and retail, high-net-worth, and institutional investors. The web-based portal enables ventures to apply once and pitch their proposals to all participating Sponsoring Islamic banks simultaneously during monthly sessions, while investors can browse, filter, and subscribe to listed projects with the option of debt-based, equity-based (Musharakah/Mudarabah), or hybrid financing structures. A Minimum investment amount is set per Sponsoring Bank, and minimum venture fund-raising is RM 500,000 per project.

The platform is owned by IAP Integrated Sdn Bhd, a wholly-owned subsidiary of Raeed Holdings Sdn Bhd, which is a consortium vehicle for six Malaysian Islamic banks (Affin Islamic, Bank Islam, Bank Muamalat, Maybank Islamic, Bank Kerjasama Rakyat, Bank Simpanan Nasional) joined by RHB Islamic in August 2017. Sponsoring Banks perform venture screening, investor suitability assessments, and ongoing performance monitoring, while an independent rating by RAM Rating Services provides credit assessment. Payment processing is routed through FPX/PayNet, although IAP is explicitly not integrated with the banks' core infrastructure.

IAP monetizes primarily through a venture listing fee of 0.2% of funds raised or RM 50,000 (whichever is lower), with separate fees for credit rating and bank financing arrangements set by the respective counterparties. Since February 2016 the platform has facilitated over RM 200 million in funding for Malaysian SMEs and private companies, including multiple RM 20 million Ar-Rahn pawnbroking projects by Bank Muamalat (with oversubscription events such as Ar-Rahn 4 filled in 30 minutes and Ar-Rahn 5 at 1.56x), and an RM 7.5 million ICT equipment project for ICT Zone Ventures Bhd. The platform is regulated under Bank Negara Malaysia's IFSA framework and endorsed by AIBIM, and has signed cross-border collaboration agreements with the Islamic Corporation for the Development of the Private Sector (2019), the Malaysian Business Angel Network (2023), and the Philippines' National Commission on Muslim Filipinos (2024).

Name

Investment Account Platform

Legal name

IAP Ventures Sdn. Bhd.

Website

https://iaplatform.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Investment Account Platform (IAP) is a Malaysian multi-bank Islamic fintech portal that connects SMEs and corporates seeking Shariah-compliant financing with retail, HNW, and institutional investors, intermediated by a consortium of six Malaysian Islamic banks under parent Raeed Holdings.

Ownership category

akta.pro rank

Product category

Islamic Crowdfunding Platform

NAICS

Other Financial Vehicles (52599)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSABAGAB

Islamic SME & Commercial Banking

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

SECONDARYFSABAGAI

Islamic Deposit & Account Products (Current/Savings/Investment Accounts)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Islamic Banking

Keywords

• Islamic crowdfunding
• Shariah-compliant financing
• Multibank investment platform
• Venture financing marketplace
• Investment Account platform

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. Venture Listing Fees: IAP charges ventures a listing fee of 0.2% of the amount of fund to be raised or RM50,000, whichever is lower, subject to Goods and Services Tax and any other applicable taxes imposed by the Government of Malaysia. Additionally, ventures pay fees to the credit rating agency for independent rating services and fees to Sponsoring Banks for financing arrangements.
2. Financing Facilitation: IAP facilitates financing transactions between ventures and Sponsoring Banks, where returns to investors are based on performance of ventures, derived from profit of debt or equity-based structures of bank's financing assets

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Investment Account Platform (IAP) is a multibank Islamic crowdfunding portal that connects Malaysian SMEs and corporates seeking Shariah-compliant financing above RM500,000 with retail, HNW, and institutional investors via Investment Account (IA) products. Six Sponsoring Islamic banks intermediate the funds—filtering ventures, conducting suitability assessments, and continuously monitoring performance—while IAP charges a transaction-based listing fee to ventures.

Product overview

Investment Account Platform (IAP) is a multi-bank Islamic crowdfunding platform operated by IAP Ventures Sdn Bhd (a wholly-owned subsidiary of Raeed Holdings Sdn Bhd). The platform consists of a core web-based portal that connects investors with ventures seeking Shariah-compliant financing. The platform's primary product is the Investment Account (IA), which encompasses multiple financing structures including debt-based, equity-based (Musharakah/Mudarabah), and hybrid financing arrangements. IAP also facilitates specific named financing projects such as the Project Ar-Rahn series, ICT Zone Ventures financing, and Kobimbing financing. The platform operates independently from bank infrastructure and is not integrated with existing banking systems. IAP works exclusively with six Sponsoring Islamic banks who intermediate investor funds and conduct due diligence on ventures. The platform charges a fee of 0.2% of funds raised or RM50,000 (whichever is lower) plus applicable taxes for venture listings.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Account Platform (IAP) Multibank Islamic crowdfunding portal connecting Malaysian SMEs, corporates, and non-SME ventures seeking Shariah-compliant financing above RM500,000 with retail, HNW, and institutional investors via Investment Account products; intermediated by six Sponsoring Islamic banks.
• Investment Account (IA) Shariah-compliant investment account products marketed by Sponsoring Banks on IAP, where returns to investors are derived from the profit of debt- or equity-based structures of the bank's financing assets or portfolios of existing assets in similar segments.
• Debt-based Financing Shariah-compliant debt-instrument financing structure offered through IAP, available to ventures as one of the diversified financing options alongside equity and hybrid structures.
• Equity-based Financing Shariah-compliant equity financing structure available on IAP, including Musharakah and Mudharabah arrangements for venture funding.
• Hybrid Debt-Equity Financing Combined debt and equity financing structure available on IAP for ventures requiring mixed capital solutions.
• Wakalah Investment Account Shariah-contract-based investment account where an agent (wakil) invests funds on behalf of the investor, with applicable Wakalah fees and performance incentives.
• Mudarabah / Musharakah Investment Account Profit-sharing investment accounts based on Mudharabah (limited partnership) or Musharakah (joint partnership) Shariah contracts, offered on IAP.
• Restricted Investment Account (RIA) Investment account with restricted withdrawal terms where invested funds are locked until maturity, used for specific venture financing on IAP.

Quantifiable outcome

• MYR 200+ million raised for SMEs and private companies since February 2016 launch
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Twelve partnerships are on record, tiered core, flagship and minor.

• National Commission on Muslim Filipinos (NCMF) of the Republic of the PhilippinescoreStrategic or Co-development Partner · 30 May 2024IAP signed a Memorandum of Collaboration with NCMF to expand Islamic crowdfunding services to Muslim communities in the Philippines, facilitating Shariah-compliant capital mobilization for Filipino ventures.
• Malaysian Business Angel Network (MBAN)coreStrategic or Co-development Partner · 20 September 2023IAP and MBAN formed a strategic alliance in Kuala Lumpur to support early-stage investment and startup financing through Shariah-compliant channels, connecting business angels with investment opportunities on the IAP platform.
• Islamic Corporation for the Development of the Private Sector (ICD)flagshipStrategic or Co-development Partner · 3 October 2019ICD, the private sector arm of the Islamic Development Bank (IsDB) Group, signed a collaboration MoU with IAP Integrated to market its crowdfunding fintech solutions to major Islamic markets including Central Asia and Africa. ICD will help IAP expand internationally by leveraging its reputation, network, and experience in target markets. This collaboration aims to replicate IAP's Malaysia experience in other Islamic markets and assist viable but under-bankable SMEs in Malaysia secure funding.
• Affin Islamic Bank BerhadflagshipChannel Partner/ Reseller/ DistributorOne of six founding Sponsoring Banks participating in IAP. Affin Islamic acts as intermediary, filtering viable ventures, conducting suitability assessments on investors, and providing continuous performance monitoring. Branches include PJ SS2 Branch and Fraser Business Park branch.
• Bank Islam Malaysia BerhadflagshipChannel Partner/ Reseller/ DistributorOne of six founding Sponsoring Banks participating in IAP. Bank Islam provides intermediation services including venture screening and investor suitability assessment.
• Bank Muamalat Malaysia BerhadflagshipChannel Partner/ Reseller/ DistributorOne of six founding Sponsoring Banks. Launched multiple Ar-Rahn projects on IAP platform including Ar-Rahn 2, 3, 4, and 5 with significant oversubscription rates. Provides pawnbroking-related Shariah financing through IAP.
• Maybank Islamic BerhadflagshipChannel Partner/ Reseller/ DistributorOne of six founding Sponsoring Banks. Maybank Islamic committed RM60 million in funding capacity for IAP platform ventures.
• Bank Kerajaan Rakyat Malaysia Berhad (Bank Rakyat)flagshipChannel Partner/ Reseller/ DistributorJoined IAP consortium as Sponsoring Bank to provide cooperative banking expertise and financing intermediation for Shariah-compliant investments.
• Bank Simpanan Nasional (BSN)flagshipChannel Partner/ Reseller/ DistributorJoined IAP consortium as Sponsoring Bank to expand national savings mobilization into Shariah-compliant investment channels.
• RHB Islamic Bank BerhadflagshipChannel Partner/ Reseller/ DistributorPartnered with IAP Integrated as Sponsoring Bank in August 2017. RHB Islamic provides financing intermediation and investor services through the platform.
• RAM Rating Services BerhadcoreTechnology or IntegrationProfessional credit rating agency performing independent assessment on listed ventures and projects. Rating results are shared with Sponsoring Banks and made available to investors via IAP platform to facilitate informed investment decisions.
• Association of Islamic Banking Institutions Malaysia (AIBIM)minorOthersIndustry association supporting IAP as the platform for operationalizing Investment Account products under Bank Negara Malaysia's Value-based Intermediation framework.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Bank Islam Malaysia: Bank Islam Malaysia is Malaysia's flagship Islamic bank and a Sponsoring Bank / shareholder of IAP. It serves the same Shariah-compliant financing and investment account market but through branch and digital banking channels rather than as a pure marketplace.
• Maybank Islamic: Maybank Islamic is one of IAP's six Sponsoring Banks and Malaysia's largest Islamic bank. It is a broad incumbent in Islamic banking offering deposits, financing, and investment account products through its own channels rather than a standalone platform.

Direct peers

• Ethis: Ethis is a Singapore/Malaysia-headquartered Islamic crowdfunding and impact fintech platform. It is the closest direct peer to IAP, operating a Shariah-compliant marketplace that connects SMEs with investors in the same Southeast Asian geography.
• Funding Societies / Modalku: Funding Societies (operating as Modalku in Indonesia) is Southeast Asia's largest marketplace SME lending platform. It is a direct functional peer to IAP in operating a multi-funder marketplace that intermediates SME financing with investors.
• PitchIN: PitchIN is Malaysia's largest Securities Commission-registered equity crowdfunding platform for SMEs and startups. It targets the same Malaysian SMEs seeking capital and operates in the same regulatory and geographic footprint as IAP, though on the conventional side.
• Ata Plus: Ata Plus (formerly AlixGlobal) is Malaysia's first Shariah-compliant equity crowdfunding platform registered with the Securities Commission Malaysia. It competes for the same Malaysian SME-funding and Shariah-investor demand that IAP serves.

Regional players

• Bay Smart (Al Rajhi Banking / SRC): Bay Smart and similar Gulf-based Shariah-compliant investment platforms connect Saudi/Middle Eastern SMEs with retail investors under Islamic finance frameworks. They demonstrate regional peer models IAP could expand into via its ICD partnership.
• StashAway: StashAway is a Southeast Asian digital wealth management platform operating in Malaysia, Singapore and Hong Kong. It is a regional peer for retail investment distribution, though it focuses on managed portfolios rather than direct project financing.

Emerging players

• Wahed Invest: Wahed Invest is a global Shariah-compliant digital investment platform offering retail investors access to Islamic portfolios. It overlaps with IAP on the investor side (Shariah retail demand for ethical returns) but uses robo-advisory rather than bank-intermediated project financing.
• SimplySukuk: SimplySukuk is a Malaysian fintech providing retail access to Islamic capital market instruments (sukuk). It is adjacent to IAP, serving Shariah-conscious retail investors seeking alternatives to fixed deposits, but with a securities/capital-markets angle rather than SME financing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IAPIntegrated
• YouTubeyoutube.com/channel/UC8zugaK4JTnNphAmgJaGHOQ
• Facebookfacebook.com/InvestmentAccountPlatform
• LinkedInlinkedin.com/company/investment-account-platform
• Instagraminstagram.com/iapintegrated/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 Investment Account Platform