Namara
AcquiredNamara app: instant Sharia-compliant cash advances (up to AED 5,000) with only an Emirates ID, charging profit-sharing fees instead of interest
Dubai, UAEFounded 2022
Fintech
Acquired
Namara (Namara FinTech FZ-LLC) is a UAE micro-lending platform offering small Sharia-compliant cash advances to underserved residents, charging profit-sharing fees instead of interest. It launched in June 2022 from in5 in Dubai Internet City and passed 120,000 users within about ten months. In June 2026 Entrepreneur Middle East reported that its founder had sold it to an unnamed holding institution in a double-digit-million-dollar cash exit.
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