Madkhol
CMA-licensed robo-advisory app for automated, Shariah-compliant investing in Saudi Arabia.
Madkhol (Madkhol Capital) is a Saudi fintech offering a robo-advisory investment app licensed and supervised by the Capital Market Authority (CMA), including participation in the CMA's FinTech Lab regulatory sandbox. The platform builds and manages diversified, Shariah-compliant investment portfolios spanning equities, real estate, fixed income and commodities using an algorithmic approach combined with human support, accessible from iOS, Android and a web dashboard, with a minimum investment of SAR 500. It also runs 'Ratbi+', an employee-savings program with employer-matched contributions aimed at businesses. Madkhol closed a $2.2 million seed funding round co-led by Seize (Institute of Consulting and Business Solutions) and the numu Angel Investing Community, with additional angel investor participation.