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How Much Did Raqaba Raise?
Funding & Key Investors

Raqaba, a firm established in 2007 specializing in Sharia auditing and Islamic financial consulting, has secured $31K in recent expansion capital, contributing to a total funding amount of $31K. This latest financing round underscores the company's strategic positioning within the growing Islamic finance sector, signaling a significant phase of development and scaling for its operations.

What is Raqaba?

Raqaba
FinanceBusiness ServicesSecurity Information and Event Management (SIEM)

Raqaba offers comprehensive management, financial, and Sharia solutions tailored for Islamic financial institutions and organizations seeking Sharia compliance. Their service portfolio includes expert financial advisory, rigorous Sharia compliance checks, and professional training programs. Operating since 2007, the company serves a global clientele across Africa, North America, Europe, and the Middle East, facilitating the adoption and adherence to Islamic finance principles.

How much funding has Raqaba raised?

Raqaba has raised a total of $31K across 1 funding round:

2021

Debt

$31K

Debt (2021): $31K with participation from PPP

What's next for Raqaba?

With significant Series B/C stage backing, Raqaba is poised for substantial expansion. The infusion of expansion capital suggests a strategic focus on scaling its service offerings, potentially broadening its geographic reach, and enhancing its technological capabilities to meet the increasing demand for Sharia-compliant financial services. This investment will likely fuel further development in its consulting and auditing frameworks, solidifying its role as a key player in the global Islamic finance ecosystem.

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Frequently Asked Questions Regarding Raqaba Financial Insights

What are the most recent funding rounds that Raqaba has completed, and what were the funding rounds?
Raqaba has recently completed 1 funding rounds: Debt on Mar 12, 2021. What is the total amount of funding Raqaba has raised to date?
Raqaba has raised a total of $31K in funding to date. How many funding rounds has Raqaba completed?
Raqaba has completed 1 funding rounds. How much funding did Raqaba raise in its most recent funding round?
Raqaba raised $31K in its most recent funding round. Who are the lead investors in Raqaba's latest funding round?
The lead investor in Raqaba's latest funding round was PPP. To access investor data and explore similar companies, sign up for ZoomInfo. Which was the largest funding round in Raqaba's history?
The largest funding round in Raqaba's history was $31K.
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