5 Muslim Startups That Have Raised Millions

Throughout history, Muslims have contributed massively to human civilization from the inventions of algebra, surgical tools, coffee, optics and many other things that they haven’t had due credit for. This innovative landscape for Muslims hasn’t ever really changed and the Prestige looks towards giving credit where it’s due, here are 5 instances of the Global Ummah using consumer technology to capitalize on the urgent needs of healthcare, clothing, food, financial strategy, transportation and marriage.

1. Dr. Mehmet Oz – Ibeat:

Raised Capital: $10 Million

Dr. Mehmet Oz is a Muslim-American cardio-specialist, television personality, author and as of recent an investor, partner and special advisor to popular life saving heart monitoring technology – Ibeat. The Ibeat is a smart watch that saves lives. It is a response to the need for emergency intervention in the case of cardiac arrests. Ibeat and its medical grade technology senses heart irregularities and immediately informs relevant services and emergency contacts.

Mehmet Oz, critically acclaimed ‘America’s Doctor’ was born to a Muslim household to immigrant parents and claims to be heavily influenced by Central Turkish Sufi culture.

2. Kerim Ture – Modanisa:

Raised Capital: $25.5 Million

In a world where western fashion companies perceived Muslim Fashion to be black burkhas, Kerim Ture overcame all adversary to build up the largest modest fashion company in the world. Attracting over 7 million visitors monthly, Modanisa gives Muslim women a choice and an escape from a homogenous fashion industry. It collaborates with over 300+ brands globally and provides to over 120 countries worldwide.

Kerim Ture and Modanisa spearheaded the mainstream movement for Muslim Fashion, something that has recently been picked up by popular brands such as Nike, Donna Karan & Marks and Spencer.

3. Shahzad Younas – Muzmatch:

Raised Capital: $1.9 Million

“We don’t really date, we marry.”- says Shahzad Younas when he talks about Muzmatch, the first global Muslim matchmaking service. Muzmatch is dedicated towards helping Muslims find potential life-partners while simultaneously accommodating the many filters traditional Muslims utilize when searching for potential suitors such as sect, modesty, praying habits and so on.

Shahzad Younas and Muzmatch have caused a shift in Muslim marriages by abolishing the necessity for arranged marriages, giving Muslims much more liberty in choosing their life partner.

4. Adnan Durrani – Saffron Road:

Estimated Net Worth: $20 Billion

In a time when the American Food Consumer industry was ignorant towards Muslim requirements of Halal food, Adnan Durrani, a practicing Muslim created Saffron Road. Saffron Road is a halal-certified food brand that celebrated ethnic diversity, world cuisine and cultural harmony. In the beginning, Saffron Road had to overcome many instances of Islamophobia and occasionally had to risk provoking Islamophobia in their culinary revolution.

5. Junaid Wahedna – Wahed Invest

Raised Capital: $8 Million

Born in India, raised in Dubai and currently working in the United States, Mr. Junaid Wahedna is the founder and CEO of Wahed Invest, an American-Muslim Halal focused robo-advisory investment platform. Aimed to advise ethical investments, Wahed Invest facilitates investments targeted towards anyone with at least $100 – revolutionizing Halal investment. Halal investment makes sure your money does not go into any industry that does not comply with Islamic standards and strictly steers clear of excess debt.

Having raised $8 Million and counting, Wahed Invest is currently the one stop solution for modest Muslims looking to invest in businesses ethically.

Muslims are one of the most oppressed minorities in the world and the success stories are testaments to all that they are capable of. With the spirit of revolution and success, Ramadan Mubarak!

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