Safe Home

What Safe Home does

Safe Home Islamic Finance & Investment is a privately held, Shariah-compliant non-bank financing company headquartered in Erbil, Kurdistan Region of Iraq, and operating as part of the Safe Holding Group under chairman and owner Mr. Miran Nawzad Yahya Bajger. The company's core offering is a portfolio of interest-free financial products built on Islamic contracts: Murabaha-based Home Financing and Vehicle Financing for retail consumers, a Personal Financing product, and Mudarabah-based Participation Accounts that pay a 12% annual profit share to retail depositors. Per-contract financing is capped at $10,000 USD with maturities of 24–60 months and illustrative monthly installments ranging from $116 to $426.

The company operates a hybrid distribution model combining four physical branches across Kurdistan (Erbil Dream City HQ, Erbil Azadi, Sulaymaniyah, and Duhok) with a SafeHome mobile application and an online transaction portal at online.safehome.iq. Underwriting and customer engagement are primarily relationship-based, with in-branch consultation supported by phone, WhatsApp, and digital channels. Strategic partnerships with Rekan Group (MoU signed October 12, 2024) and Empire embed Safe Home's financing directly into residential property purchase flows, and the firm has engaged in community outreach events such as the Cihan University yearly festival (November 18, 2024).

Name

Safe Home

Legal name

Safe Home Islamic Finance & Investment

Website

https://safehomesaving.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Safe Home Islamic Finance & Investment is a Shariah-compliant, non-bank financing company in Kurdistan Region of Iraq offering interest-free home, vehicle, and personal financing plus 12% Mudarabah investment accounts to retail consumers through four branches and a mobile app.

Ownership category

akta.pro rank

Product category

Islamic Consumer Finance

NAICS

Funds, Trusts, and Other Financial Vehicles (525), Other Financial Vehicles (525990)

SIC

Finance Services (6199), Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)

Keywords

• Islamic home financing
• Vehicle Murabaha financing
• Shariah-compliant investment
• Personal Islamic finance
• Non-bank financing

Headquarters

HQ city

Erbil

HQ country

Iraq

HQ region

Middle East

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Home Financing: Interest-free home financing structured through Islamic contracts (Murabaha), generating revenue through profit margins on the cost-plus financing arrangement. Customers purchase homes with suitable long-term installments.
2. Vehicle Financing: Interest-free vehicle financing for cars, structured as Murabaha transactions where Safe Home purchases the vehicle and resells to customer at markup with installment payments.
3. Participation Accounts (Mudarabah): Investment accounts where Safe Home uses deposited funds for Islamic finance operations, sharing profits with investors (12% annual profit rate). Revenue generated from deploying investor capital in financing activities.
4. Term Deposits: Shariah-compliant deposit accounts with profit-sharing rates (12% annual) paid to depositors, with periodic profit distributions (monthly, quarterly, semi-annually, or yearly).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

Safe Home Islamic Finance & Investment is a Shariah-compliant non-bank financing company based in Iraq's Kurdistan Region. It provides home, vehicle, and personal financing structured through Islamic contracts such as Murabaha and Mudarabah, alongside Shariah-compliant participation investment accounts for halal returns to depositors.

Product overview

Safe Home is a Shariah-compliant Islamic finance company offering a unified portfolio of interest-free financial products. The core offerings include Home Financing, Vehicle Financing, Personal Financing, and Participation Accounts (Mudarabah investment), all structured on Islamic financial contracts such as Murabaha and Mudarabah. These products are accessible through multiple channels including a mobile application, an online transaction portal, and physical branch locations across Iraq.

Differentiator

Problem solved

Functional benefit

Products and services

• Home Financing Shariah-compliant home financing for individual customers seeking to purchase residential property, structured using Islamic contracts (e.g., Murabaha).
• Vehicle Financing Shariah-compliant vehicle financing for individual customers, structured using Islamic contracts such as Murabaha to enable interest-free car purchases.
• Personal Financing Shariah-compliant personal financing for individual customers' short-term liquidity or personal needs, structured through Islamic contracts.
• Participation Investment Accounts Shariah-compliant investment accounts allowing individual depositors/investors to earn halal returns via Mudarabah-based profit-sharing arrangements.

Quantifiable outcome

• Home financing completed in 2 weeks for qualified customers
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Cihan UniversityminorGTM or Marketing Partner · 18 November 2024Safe Home participated in Cihan University's yearly festival on November 18, 2024, as part of community outreach and youth empowerment initiatives. The event celebrated a decade of academic excellence and innovation, with Safe Home engaging with students and potential future customers.
• Rekan GroupcoreStrategic or Co-development Partner · 12 October 2024Safe Home and Rekan Group signed an MoU on October 12, 2024, to offer installment-based sales for Rekan's residential projects. This partnership enables Safe Home customers to finance homes in Rekan Group's residential developments using Safe Home's Shariah-compliant financing products.
• EmpirecoreStrategic or Co-development PartnerSafe Home signed a strategic partnership agreement with Empire real estate developer. Through this partnership, customers purchasing properties from Empire can benefit from Safe Home's flexible and affordable Shariah-compliant financing solutions.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Bank of Baghdad: Broad incumbent - large Iraqi private bank with Islamic banking windows and broad retail footprint. Competes with Safe Home on retail Islamic financing and deposits, but operates at substantially larger scale with a federally licensed banking charter.
• Trade Bank of Iraq: Broad incumbent - largest Iraqi state-owned bank with nationwide branch network. While not exclusively Islamic, it offers Islamic financing windows and dwarfs Safe Home in scale, balance sheet, and regulatory standing.
• Al Rajhi Bank: Broad incumbent - largest Islamic bank globally by assets, headquartered in Saudi Arabia, with extensive retail Islamic financing and deposit operations across MENA. While not active in Iraq, it represents the scaled Islamic retail finance benchmark against which Safe Home's niche model is judged.
• Al-Baraka Banking Group: Broad incumbent - leading regional Islamic banking group with presence across MENA including Iraq. Offers full Islamic retail banking, Murabaha home/auto financing, and Mudarabah deposits at scale, serving as a major regional competitor to small Iraqi Islamic finance players like Safe Home.

Direct peers

• Elaf Islamic Bank: Direct peer - Iraqi Islamic bank offering Shariah-compliant retail and corporate financing, deposit products, and investment accounts. Competes with Safe Home for Iraqi retail customers seeking halal financial services.
• Cihan Bank for Islamic Investment and Finance: Direct peer - Iraqi Islamic bank with significant presence in Erbil and Kurdistan Region offering retail Islamic financing, Mudarabah deposits, and home/auto financing products. Broadly comparable product mix and customer base to Safe Home.
• Kurdistan Islamic Bank: Direct peer - Iraqi Islamic bank headquartered in Erbil that offers Shariah-compliant retail financing, deposits, and investment products to individuals in the Kurdistan Region, directly competing with Safe Home for the same halal-conscious customer base.
• Dar es Salaam Bank (formerly Iraqi Islamic Bank): Direct peer - one of Iraq's oldest Islamic banks offering Murabaha-based financing, Mudarabah deposits, and retail Islamic products across Iraqi governorates. Operates with significantly larger branch network but directly competes in the same Shariah-compliant retail financing category.

Regional players

• Boubyan Bank: Regional player - leading Kuwait-based Islamic bank specializing in Shariah-compliant retail financing, Murabaha home/auto financing, and Mudarabah investment accounts. Comparable product set to Safe Home but operating at much larger scale in a more developed Islamic finance market.
• Amlak Finance: Regional player - UAE/Gulf-based Islamic finance company specializing in Shariah-compliant home financing and real estate finance using Murabaha and Ijara structures. Comparable business model and Islamic finance product specialization to Safe Home at a regional level.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/watch?v=NZLY6seJDTg
• Instagraminstagram.com/safehome.iq
• Xx.com/safehome
• Facebookfacebook.com/Safehomesaving
• LinkedInlinkedin.com/company/safehomesaving

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 Safe Home