Latest news with #Bokra
Economic Key
07-05-2025
- Business
- Economic Key
Bokra partners with iSUPPLY to provide $3M in Sharia-Compliant Revenue-Based Financing for Healthcare Distribution Innovation
'Bokra, the MENA region's first goal-driven digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a leading digital platform for pharmaceutical and medical supply distribution, to scale its operations and expand access to medical supplies across Egypt. Through this collaboration, Bokra has structured a revenue-based revolving financing, structured entirely in accordance with Sharia principles. This funding will fuel iSUPPLY's expansion by enhancing its supply chain operations and improving service in underserved communities. Ayman ElSawy, Founder and CEO of Bokra, commented: 'This partnership reflects Bokra's mission to unlock high-impact, Sharia-compliant investment opportunities that generate meaningful economic and social value. By extending a revenue-based revolving financing to iSUPPLY, we're supporting a data-driven healthcare disruptor to scale responsibly, while offering our investors access to a real economy product that delivers purpose-driven returns. It's a clear example of how ethical finance can fuel growth in essential sectors and drive sustainable, long-term outcomes.' With this financing, iSUPPLY will scale its operations, deepening its digital footprint across Egypt's pharmaceutical ecosystem. Leveraging artificial intelligence and predictive analytics, the platform streamlines procurement, optimizes inventory, helping to resolve long-standing inefficiencies in the healthcare supply chain. Ibrahim Emam, Co-founder and CEO of iSUPPLY, commented: 'We're proud to partner with Bokra to accelerate our mission. Access to flexible, non-dilutive financing enables us to grow responsibly and stay laser-focused on what matters most, making access to medicine faster, more reliable, and powered by data.' This partnership represents a shared commitment to innovation and impact, bringing together fintech and healthtech to advance a smarter, more equitable future for healthcare distribution in Egypt and beyond. It demonstrates the viability of revenue-based financing as a model for empowering SMEs and high-growth ventures across strategic sectors. This financing marks the next chapter in Bokra's strategy to expand its portfolio of Sharia-compliant, asset-backed offerings, following the successful EGP 3 billion sukuk issuance for Aman. It reflects our ongoing commitment to bridging ethical finance with real-world impact, empowering investors to achieve their goals through products rooted in purpose, performance, and inclusivity. ظهرت المقالة Bokra partners with iSUPPLY to provide $3M in Sharia-Compliant Revenue-Based Financing for Healthcare Distribution Innovation أولاً على المفتاح الاقتصادي.
Wamda
06-05-2025
- Business
- Wamda
Egypt's iSUPPLY lands $3 million Sharia-compliant investment
Egypt-based B2B medtech iSUPPLY has secured $3 million in Sharia-compliant revenue-based revolving financing from Bokra. Founded in 2022 by Ibrahim Emam, Malek Sultan and Moustafa Zaki, i'SUPPLY aims to digitise the pharmaceutical business by providing a one-stop-shop solution to quickly predict and overcome supply chain disruptions. The funding will support iSUPPLY's operational scale-up and expand access to medical supplies across Egypt, particularly in underserved communities. In June 2024, i'SUPPLY closed a pre-Series A round led by Disruptech Ventures, OneStop Capital, Axian Investment CVC, and Egypt Ventures, among others. Press release: Bokra, the MENA region's first goal-driven digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a leading digital platform for pharmaceutical and medical supply distribution, to scale its operations and expand access to medical supplies across Egypt. Through this collaboration, Bokra has structured a revenue-based revolving financing model that fully complies with Sharia principles. This funding will fuel iSUPPLY's expansion by enhancing its supply chain operations and improving service in underserved communities. Ayman ElSawy, Founder and CEO of Bokra, commented: 'This partnership reflects Bokra's mission to unlock high-impact, Sharia-compliant investment opportunities that generate meaningful economic and social value. By extending a revenue-based revolving financing to iSUPPLY, we're supporting a data-driven healthcare disruptor to scale responsibly while offering our investors access to a real economy product that delivers purpose-driven returns. It's a clear example of how ethical finance can fuel growth in essential sectors and drive sustainable, long-term outcomes.' With this financing, iSUPPLY will scale its operations, deepening its digital footprint across Egypt's pharmaceutical ecosystem. Leveraging artificial intelligence and predictive analytics, the platform streamlines procurement and optimises inventory, helping resolve long-standing inefficiencies in the healthcare supply chain. Ibrahim Emam, Co-founder and CEO of iSUPPLY, commented: 'We're proud to partner with Bokra to accelerate our mission. Access to flexible, non-dilutive financing enables us to grow responsibly and stay laser-focused on what matters most, making access to medicine faster, more reliable, and powered by data.' This partnership represents a shared commitment to innovation and impact, bringing together fintech and healthtech to advance a smarter, more equitable future for healthcare distribution in Egypt and beyond. It demonstrates the viability of revenue-based financing as a model for empowering SMEs and high-growth ventures across strategic sectors. This financing marks the next chapter in Bokra's strategy to expand its portfolio of Sharia-compliant, asset-backed offerings, following the successful EGP 3 billion sukuk issuance for Aman. It reflects our ongoing commitment to bridging ethical finance with real-world impact, empowering investors to achieve their goals through products rooted in purpose, performance, and inclusivity.
Zawya
06-05-2025
- Business
- Zawya
Bokra partners with iSUPPLY to provide $3mln in Sharia-Compliant revenue-based financing for healthcare distribution innovation
Cairo, Egypt — 'Bokra, the MENA region's first goal-driven digital investment platform, has announced a $3 million Sharia-compliant financing agreement with iSUPPLY, a leading digital platform for pharmaceutical and medical supply distribution, to scale its operations and expand access to medical supplies across Egypt. Through this collaboration, Bokra has structured a revenue-based revolving financing, structured entirely in accordance with Sharia principles. This funding will fuel iSUPPLY's expansion by enhancing its supply chain operations and improving service in underserved communities. Ayman ElSawy, Founder and CEO of Bokra, commented: 'This partnership reflects Bokra's mission to unlock high-impact, Sharia-compliant investment opportunities that generate meaningful economic and social value. By extending a revenue-based revolving financing to iSUPPLY, we're supporting a data-driven healthcare disruptor to scale responsibly, while offering our investors access to a real economy product that delivers purpose-driven returns. It's a clear example of how ethical finance can fuel growth in essential sectors and drive sustainable, long-term outcomes.' With this financing, iSUPPLY will scale its operations, deepening its digital footprint across Egypt's pharmaceutical ecosystem. Leveraging artificial intelligence and predictive analytics, the platform streamlines procurement, optimizes inventory, helping to resolve long-standing inefficiencies in the healthcare supply chain. Ibrahim Emam, Co-founder and CEO of iSUPPLY, commented: 'We're proud to partner with Bokra to accelerate our mission. Access to flexible, non-dilutive financing enables us to grow responsibly and stay laser-focused on what matters most, making access to medicine faster, more reliable, and powered by data.' This partnership represents a shared commitment to innovation and impact, bringing together fintech and healthtech to advance a smarter, more equitable future for healthcare distribution in Egypt and beyond. It demonstrates the viability of revenue-based financing as a model for empowering SMEs and high-growth ventures across strategic sectors. This financing marks the next chapter in Bokra's strategy to expand its portfolio of Sharia-compliant, asset-backed offerings, following the successful EGP 3 billion sukuk issuance for Aman. It reflects our ongoing commitment to bridging ethical finance with real-world impact, empowering investors to achieve their goals through products rooted in purpose, performance, and inclusivity. About Bokra Bokra is the first goal-achieving digital investment platform in the MENA region, transforming wealth management. Our strategy focuses on goal-based capital allocation in real-world assets: real estate, precious metals, and debt instruments. About i'SUPPLY I'supply is a leading digital platform specializing in pharmaceutical and medical supply distribution. Using data analytics and AI to manage supply chains, iSUPPLY serves thousands of pharmacies across Egypt, offering digital tools that improve inventory management, supplier integration, and overall market transparency.
CairoScene
01-05-2025
- Business
- CairoScene
Egyptian Fintech Bokra Issues $58.9M Sukuk to Boost Islamic Fintech
The 84-month Mudaraba sukuk, structured and managed by Bokra, is listed on the Egyptian Stock Exchange. May 01, 2025 Egyptian fintech startup Bokra has issued its first Sharia-compliant sukuk (Islamic bond), raising EGP 3 billion (approximately $58.9 million) to support small and medium-sized enterprises (SMEs) through Aman Project Finance, a subsidiary of Aman Holding. The 84-month Mudaraba sukuk, structured and managed entirely by Bokra, has been rated BBB+ by MERIS and is listed on the Egyptian Stock Exchange. Institutional investors such as Suez Canal Bank, Arab African International Bank, and Al Baraka Bank participated in the issuance, with Al Ahly Pharos acting as lead arranger. This marks Bokra's entry into the project finance space and expands its asset-backed product offerings aimed at providing inflation-hedged investment options. Aman Holding CEO Hazem Moghazi stated that the funds will be used to diversify the company's Islamic lending portfolio, with a particular focus on Egypt's underserved SME segment. Bokra received its fintech license from Egypt's Financial Regulatory Authority (FRA) in 2024, enabling fully digital onboarding and electronic contracting. This development follows its $4.6 million pre-seed round in 2023, led by DisrupTech Ventures and SS Capital, which financed the launch of its app and early-stage expansion into the MENA region. Founded in 2023, Bokra offers fractional investment opportunities tailored to users' risk profiles, aiming to reach Egypt's unbanked majority, an estimated 63% of adults. The sukuk also introduces a new pricing model designed to offer SMEs a viable financing alternative amid Egypt's high-interest rate environment.
Zawya
29-04-2025
- Business
- Zawya
Egypt: Bokra concludes $59mln Mudarabah Sukuk issuance for Aman Holding's arm
Arab Finance: Bokra, a Sharia-compliant investment and financing company, has completed an EGP 3 billion Mudarabah Sukuk issuance for Aman Holding's Aman Business Finance, as per an emailed press release. The offering holds a tenor of 84 months starting from the subscription closing date. It carries a +BBB rating from Middle East Rating and Investors Service (MERIS). This issuance marks a strategic move in Bokra's plan to roll out its investment products within the debt instruments segment, allowing its clients to achieve their financial goals. The company's portfolio includes real estate, gold, and debt instruments. A number of key financial institutions participated in the issuance, including the Suez Canal Bank, the Arab African International Bank, Al Baraka Bank, and Al Ahly Pharos as promoters and underwriters. Alieldean Weshahi & Partners acted as legal advisor, with MOORE acting as the independent financial advisor and Baker Tilly as the auditor. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
