Wamda

UAE's Wafr attracts angel investment to digitise sukuk issuance and settlement

UAE-based fintech Wafr has secured an undisclosed pre-seed funding round, with participation from angel investors Coen Jonker, co-founder of Tyme Group, and Neal Cross, former chief innovation officer at DBS Bank. Co-founded by Mahmoud Bouchelif and Anthony Murphy in 2026, Wafr is developing a global Islamic finance platform offering Shariah-compliant financial services to individuals, businesses and financial institutions. The company has launched WafrChain, a permissioned blockchain platform d

By Wamda

1 min read
UAE's Wafr attracts angel investment to digitise sukuk issuance and settlement
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