Fintech startup Bokra Holding is preparing to roll out five new shariah-compliant investment funds with a combined target size of EGP 31.25 bn, founder and CEO Ayman El Sawy told EnterpriseAM. The lineup — spanning sukuk, real estate, precious metals, and venture debt — will follow a tranched multi-series structure, with all launches pending final FRA approval.

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The pitch: Bokra is targeting a diversified investor base spanning retail, ins., and financial institutions, while also looking to attract regional capital from the GCC. “Bokra’s objective is to enable individuals and businesses to invest small amounts through a digital, Sharia-compliant platform,” El Sawy said. “Retail investors benefit from low entry barriers and flexible investment goals, while corporates gain access to unique structured finance products.” El Sawy told us earlier this year that Bokra’s model aims to bridge the nationwide savings gap, created by limited trust in formal financial institutions and a culture of parking wealth in gold or property.

REFRESHER- The company secured FRA licenses last month to establish the Bokra Private Equity Investment Fund and the Bokra Venture Capital Investment Fund, as well as to begin operations on its Metals Investment Fund. The rollout builds on the fintech’s push to bring everyday savers into the formal investment ecosystem.

Timeline: El Sawy said Bokra aims to debut the first tranches of its EGP 20 bn sukuk, EGP 10 bn real estate, and EGP 250 mn precious metals funds before year-end, followed by two venture-debt tech funds in 1Q 2026, one raising EGP 500 mn and the other USD 10 mn.

Sukuk + real estate funds: The sukuk fund will issue new Islamic bonds directly to finance established, credit-rated borrowers, targeting asset-backed projects across real estate, healthcare, manufacturing, logistics, education, and financial services, El Sawy said. The real estate fund will partner with major developers to roll out industrial, healthcare, and residential projects over multiple tranches.

The precious metals fund — including the retail-focused Bokra Gold Fund — will be fully backed by 100% physical gold, stored in secured, insured, bank-grade vaults, and structured under an active Mudarabah trading model. “At Bokra we believe your gold should work for you, not the other way around, so our first gold issuance will have zero fund manager fees and zero fixed fees (the fund sponsor will bear all fixed fees on behalf of the fund),” El Sawy said. The fund will target everyday retail investors, who will be able to redeem their fund certificates in the form of banknotes or physical gold, he added.

The two venture-debt tech funds will adopt a multi-issuance model, with each tranche targeting growth-stage sectors, including agritech, healthtech, logistics tech, edutech, fintech, and tech manufacturing. The EGP-backed fund will cater to local firms, while the USD fund will support export-driven startups or those with foreign-currency revenues.

Some funds will be listed on the bourse: According to El Sawy, the real estate, venture-debt, and sukuk funds will be listed on the EGX “to avail maximum trust & liquidity and open the doors to regional and international investors to invest in Real World Assets located in Egypt.” Meanwhile, the precious metals fund will remain open-ended and offered directly through Bokra’s digital platform.

What’s next? Bokra’s five-year roadmap focuses on expanding access to real-world, shariah-compliant investments that generate shared value by channeling capital into local projects, strengthening Egypt’s economic base, and empowering users to build wealth while contributing to sustainable, tech-driven, export-oriented growth, he said.

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