Vault22 Launches AI-Powered Wealth Platform in UAE to Drive Shariah-Compliant Digital Finance
A fintech platform, Vault22 has launched an AI-powered wealth platform in the UAE, in order to grow its demand for Shariah-compliant digital finance. The Vault22 is backed by Standard Chartered innovation unit to brand a platform called Hafiq while combining artificial intelligence with Islamic finance principles to help users manage investments, charitable giving, and personal wealth.
With an established presence across South Africa and the UAE, Vault22 is expanding its global presence with this launch. Supported by significant investors like Franklin Templeton, Old Mutual, and Standard Chartered Ventures, the company is grooming itself as the interface of fintech and wealth management innovation.
Speaking about this development, Stephen Ong, Co-Founder of Vault22, stated that;
“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. That allows us to deliver personalized financial guidance and connect customers with the right financial products at the moment they actually need them.”
The platform's AI-powered advice engine, which provides tailored ideas and comments based on user data, is an essential component. While focusing on getting more investors, Vault22 has also developed 52 different investment portfolios, including Shariah-compliant choices in line with Islamic financial rules.
Through a "wealth-as-a-service" model, the company is also providing its technology to financial institutions, allowing banks and fintechs to include digital wealth solutions into their offerings.
About Vault22
Vault22 is a fintech and wealth management platform launched in 2012, designed to help individuals save, track, invest, and grow their money using digital tools and artificial intelligence. It operates across regions including Africa and the Middle East, with a strong presence in South Africa and the UAE. Vault22 is like a smart financial coach on your phone helping you understand your money, make better decisions, and build long-term wealth using AI.