Nomo Partnered with Allfunds for Sharia Investing
The platform now offers digital portfolios for residents in the GCC to begin investing with as little as $1,000.
Updated on Sept. 22, 2026 in Investing
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Nomo has launched a new digital investment proposition in the GCC region through a partnership with Allfunds. This service offers Sharia-compliant portfolios aimed at meeting rising demand from customers in Kuwait and the UAE.
Why it matters
Nomo research identified an unmet demand for personalized investment options among GCC residents, who cited tailored support as a key motivator for active investing. This partnership aims to bridge that gap by providing digital tools that align with regional preferences for Sharia-compliant products.
The platform requires a minimum entry of $1,000 to begin, with 20% of current users already opting for regular monthly contributions. Meanwhile, 62% of research respondents indicated they would increase their investment activity if provided with more educational content.
The players
Nomo
A digital financial service provider that offers Sharia-compliant investment portfolios and banking tools for customers in the GCC.
Allfunds
A financial technology firm that provides the digital infrastructure and investment solutions used to power platforms like Nomo.
The details
Customers access these portfolios by completing an in-app personality questionnaire designed to evaluate their specific risk appetite and long-term financial goals. Allfunds provides the technical infrastructure through its Nextportfolio solution, which automates the construction and management of these Sharia-compliant investment assets. By digitizing this process, the firm aims to cater to users in markets like Kuwait and the UAE who are seeking streamlined access to portfolio management.
Timeline
- 2026-09-22
The partnership between Nomo and Allfunds was formally announced.
Money Landscape
This move represents an expansion of accessible digital wealth management tools within the GCC market. It aligns with a broader trend of financial institutions adapting to consumer demand for more automated, Sharia-compliant options in the region.
Investors looking for Sharia-compliant options may now consider this $1,000 entry point as they compare available digital wealth platforms. Before committing funds to any new portfolio, consider discussing your risk tolerance and long-term goals with a qualified financial professional.
The takeaway
The partnership highlights a growing interest in digital-first investment tools tailored to regional preferences. If you are exploring new investment platforms, review the minimum contribution requirements and verify that the portfolio strategy aligns with your personal risk tolerance.
Further reading
For more on building a long-term portfolio, visit our Investing section.
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Would you feel comfortable using a digital app to manage your long-term investment portfolio?
