Awaed
Awaed is a Saudi Arabia-based, CMA-licensed mobile investment platform offering commission-free US stock trading, diversified Shariah-compliant investment funds, and Murabaha financing to Saudi retail investors via Absher-integrated onboarding and Apple Pay deposits.
- Company typePrivate
- Founded2023
- HeadquartersRiyadh, Saudi Arabia
- Headcount101–250
- GTM typeB2C
- OfferingSoftware
What Awaed does
Awaed Assets Financial Company (عوائد الأصول المالية) is a Riyadh-headquartered, CMA-licensed closed joint-stock company that operates a Shariah-compliant mobile investment platform for Saudi retail investors. Founded and licensed on 21 March 2023 with 82 million SAR in paid-up capital, the company offers three core products on a unified wallet: commission-free US stock trading, investment funds spanning real estate and other asset classes, and Murabaha Islamic financing arranged through Saudi banks.
The platform is mobile-first and built around three integration pillars that differentiate the onboarding and funding flow: direct integration with the Saudi government Absher portal for sub-one-minute KYC and account opening, Apple Pay for instant deposits (replacing slow bank transfers), and Oracle Cloud infrastructure hosted locally in Saudi Arabia for data-residency and uptime. Authentication uses biometrics in place of SMS two-factor. Shariah compliance is institutionalized through an independent Shariah committee (Sheikh Dr. Khaled Al-Muzaini and Sheikh Dr. Salah Al-Shallhoub) and verified by Shariyah.net.
Awaed's go-to-market is direct-to-consumer self-service via its mobile app, supported by organic social channels (X, Instagram, LinkedIn) and an in-development official partnership program (contact: [email protected]). Revenue is not generated from trading commissions; instead, the firm monetizes through investment-fund management fees, Murabaha financing margins arranged with Saudi banks, and likely FX or margin income on US stock trading (USD is fixed at 3.75 SAR). Customer segments are horizontal: general Saudi retail investors seeking accessible investing and Shariah-conscious investors seeking verified halal opportunities. The company is regulated by the Saudi Capital Market Authority under license 03-22247 for dealing, asset management, and custody.
Awaed firmographics
Firmographics- Name
- Awaed
- Legal name
- Awaed Assets Financial Company (عوائد الأصول المالية)
- Website
- https://awaed.capital
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Awaed is a Saudi Arabia-based, CMA-licensed mobile investment platform offering commission-free US stock trading, diversified Shariah-compliant investment funds, and Murabaha financing to Saudi retail investors via Absher-integrated onboarding and Apple Pay deposits.
- Ownership category
- akta.pro rank
Awaed industry classification
Industry- Product category
- Retail Investment Platform
- NAICS
- Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Open-End Investment Funds (525910)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Investment Advice (6282)
- akta.pro primary industry
- Islamic Retail Banking (FSABAGAA)
- akta.pro secondary industries
- Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)
Keywords
Where Awaed is headquartered
LocationHeadquarters
- HQ city
- Riyadh
- HQ country
- Saudi Arabia
- HQ region
- Middle East
Offices1 record
Markets served
Awaed business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Commission-Free Stock Trading: Awaed generates revenue by offering commission-free trading on US stock markets. Revenue is likely derived from other streams such as margin financing, currency exchange spreads, or fund management fees rather than direct trading commissions.
- Investment Funds Management: Revenue from managing investment funds including real estate and diverse asset funds, charging management fees on assets under management.
- Murabaha Financing: Islamic financing through Murabaha (cost-plus financing) arrangements with Saudi banks for short or long-term investments with monthly returns.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Commission-free stock trading on US markets |
| Unit Pricing | Pay-as-you-go | USD exchange rate |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Awaed product offering
Product offeringCore offering
Awaed is a mobile-first Shariah-compliant investment platform that enables Saudi retail investors to trade US-listed stocks commission-free, invest in diversified and real-estate-focused funds, and access Murabaha Islamic financing through partner Saudi banks. Account onboarding is completed in under a minute via the Saudi government's Absher portal, with Apple Pay used for instant deposits and biometric fingerprint login for secure, SMS-free access; all products are managed within a single unified portfolio inside the app.
Product overview
Awaed (عوائد) is a unified commission-free investment platform offering three core products: (1) Stock Market trading on US markets without commissions or hidden fees, (2) Investment Funds for diversified exposure across real estate and other asset classes with risk reduction, and (3) Murabaha Islamic financing products through Saudi banks for short or long-term investment with monthly returns. All products are managed through a single unified investment portfolio within the app, with Shariah compliance verified by an independent Shariah committee.
Differentiator
Problem solved
Functional benefit
Products and services
- Stock Market (US Stock Trading) Commission-free trading of global stocks on US markets, allowing retail investors in Saudi Arabia to buy and sell equity shares with no commissions or hidden fees, accessed through the mobile app.
- Investment Funds (الصناديق الاستثمارية) Curated investment funds covering real estate and diversified asset classes, allowing retail investors to pursue more sustainable returns while reducing overall portfolio risk, with Shariah compliance review by a dedicated committee.
- Murabaha (المرابحات) Shariah-compliant cost-plus financing offered through partner Saudi banks for short- or long-term investments, providing clients with monthly returns on a sale-based, Islamic-compliant structure.
Quantifiable outcome
- Open investment account in under one minute via Absher integration
- +2 more outcomes
Companies that use Awaed
Customer profileSegments2 records
Ideal customer profiles2 records
Awaed technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Awaed partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and flagship.
- Absher (أبشر)coreIntegration with Saudi government's Absher portal for automated account verification and opening. This government integration enables the fastest and most secure technical connection for new investment accounts, serving as a core component of the account onboarding process.
- Apple PaycoreApple Pay integration enables instant fund deposits into investment accounts, providing a convenient alternative to traditional bank transfers. Key feature supporting the seamless user experience on the mobile platform.
- Oracle Cloud Saudi ArabiacoreOracle cloud servers hosted locally in Saudi Arabia provide infrastructure for the platform, meeting the highest security and stability standards required for financial services operations.
- Shariyah.netcoreShariyah.net provides Shariah compliance certification and verification services. The platform displays the Shariah certificate and allows verification through their portal, confirming that investment methods meet Islamic law requirements.
- Saudi BankscorePartnerships with Saudi banks arranged through secure technical agreements to protect customer accounts. Banks facilitate Murabaha financing arrangements for Islamic-compliant investment products offered on the platform.
- Capital Market Authority (CMA) - Saudi ArabiaflagshipRegulatory licensing and oversight by CMA (License number 03-22247). The platform is officially authorized to conduct dealing, asset management, and custody activities, with CMA listing available at cma.org.sa.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
Awaed competitors and assessment
Company assessmentBroad incumbents
- Interactive Brokers: Global broker providing retail access to US and international markets with low commissions. Comparable in US-stock access proposition but serves global rather than Saudi retail clients.
- Al Rajhi Capital: Investment arm of Al Rajhi Bank, one of Saudi Arabia's largest brokers and asset managers. Competes with Awaed across retail trading, funds, and Islamic financing but at vastly greater scale and via established bank distribution.
- Robinhood: US commission-free trading platform — the global reference model for the commission-free retail brokerage thesis Awaed is replicating in Saudi Arabia.
- Muscat Capital: Saudi CMA-licensed investment firm offering brokerage, asset management, and corporate finance. Comparable product scope and regulatory positioning to Awaed.
- Alistithmar Capital: Saudi CMA-licensed broker offering retail trading and asset management. Comparable product offering to Awaed but with longer market history and incumbent positioning.
- Riyad Capital: Saudi CMA-licensed broker and asset manager affiliated with Riyad Bank, offering brokerage, asset management, and custody — the same three authorizations Awaed holds. Comparable product suite with incumbent scale.
- SNB Capital: Investment banking and brokerage arm of Saudi National Bank, providing trading, asset management, and custody services. Directly comparable license scope and customer segment.
Direct peers
- Derayah Financial: Saudi Shariah-compliant online investment platform offering mutual funds, portfolios, and trading. Closely comparable to Awaed in product mix, Shariah focus, and target retail segment in Saudi Arabia.
- Sarwa: GCC-focused digital wealth management and investment platform offering Shariah-compliant portfolios and trading. Comparable digital-first wealthtech model serving similar retail investors in the region.
- Sahm Capital: Saudi CMA-licensed retail investment platform offering stock trading and wealth products to Saudi investors. Comparable mobile-first, commission-friendly approach and overlapping target customer base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Awaed social profiles
Digital presenceAwaed compliance and trust
Trust signalCompliance3 records
Awaed financial estimates
Financial estimateRevenue estimate
Valuation estimate
Awaed leadership team
Management profileNumber of profiles
Profiles10 records
Awaed funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Awaed 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 Awaed
What does Awaed do?
Awaed is a mobile-first Shariah-compliant investment platform that enables Saudi retail investors to trade US-listed stocks commission-free, invest in diversified and real-estate-focused funds, and access Murabaha Islamic financing through partner Saudi banks. Account onboarding is completed in under a minute via the Saudi government's Absher portal, with Apple Pay used for instant deposits and biometric fingerprint login for secure, SMS-free access; all products are managed within a single unified portfolio inside the app.
Is Awaed a public or private company?
Awaed is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Awaed founded?
Awaed was founded in 2023. It employs 101 to 250 people.
Where is Awaed based?
Awaed is headquartered in Riyadh, Saudi Arabia, in the Middle East region.
How does Awaed make money?
Three revenue lines are on record. Commission-Free Stock Trading is the primary driver. The others are investment Funds Management and murabaha Financing.
Who are Awaed's main competitors?
Broad incumbents on record are Interactive Brokers, Al Rajhi Capital, Robinhood, Muscat Capital, Alistithmar Capital, Riyad Capital and SNB Capital. Direct peers are Derayah Financial, Sarwa and Sahm Capital.
Does Awaed have an API?
No public API is recorded for Awaed.
What industry is Awaed in?
Awaed's product category is Retail Investment Platform. Its primary akta.pro industry code is FSABAGAA, Islamic Retail Banking, with a secondary code of FSABAGAH, Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam). Its NAICS code is 523940 and its SIC code is 6200.