Vault22, a leading fintech company, has launched Hafiq, an AI-driven wealth management platform in the UAE, marking a significant step forward in Shariah-compliant digital finance. The platform combines artificial intelligence with Islamic finance principles to provide modern solutions for managing investments, charitable giving, and personal wealth.
Backed by Standard Chartered’s innovation unit, Hafiq is designed to aggregate users’ accounts, assets, and liabilities into a single platform. This holistic approach enables Vault22 to offer personalized financial guidance and connect users with the right financial products at the precise moment they need them.
“Most financial institutions only see a small portion of a customer’s financial life, usually activity within a single account. By aggregating accounts, assets, and liabilities into one platform, Vault22 can develop a much more holistic understanding of each user’s financial needs,” said Stephen Ong, Co-Founder of Vault22.
Vault22 has an established presence in South Africa and the UAE and is expanding its global footprint with this launch. Supported by major investors, including Franklin Templeton, Old Mutual, and Standard Chartered Ventures, the company is positioning itself as a bridge between fintech and wealth management innovation.
The Hafiq platform features an AI-powered advice engine that delivers tailored insights and recommendations based on user data. It also offers 52 different investment portfolios, including Shariah-compliant options that adhere to Islamic financial principles.
In addition to serving individual investors, Vault22 provides its “wealth-as-a-service” model to financial institutions, enabling banks and fintechs to integrate digital wealth solutions into their offerings seamlessly.