{"url":"https://newsforagent.com/news/2026-10-15/cashku-muamalat-invest-shariah-funds","markdown_url":"https://newsforagent.com/news/2026-10-15/cashku-muamalat-invest-shariah-funds.md","title":"Cashku Partners Muamalat Invest for Shariah Funds","headline":"Cashku and Muamalat Invest Open Shariah-Compliant Funds With No Sales Charges","description":"Cashku's partnership with Muamalat Invest gives eligible investors Shariah-compliant funds across asset classes.","section":"Partnerships","published_at":"2026-10-15T21:37:07+00:00","modified_at":"2026-10-15T21:37:07+00:00","author":"News Desk","key_takeaways":["Cashku partnered with Muamalat Invest to widen its Shariah-compliant fund range on a single digital platform with no sales charges.","Eligible Cashku users can access money market instruments, sukuk, Malaysian and global equities, gold and Shariah-compliant private credit.","Wholesale funds, including Shariah-compliant private credit, are restricted to sophisticated investors under Securities Commission Malaysia criteria.","Malaysia's Islamic capital market grew 4.31% to MYR2.7 trillion in 2025, about 63% of the total domestic capital market."],"companies":[{"name":"Cashku","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0002ow6/cashku","website":"https://cashku.my"}],"source":{"publisher":"Startup Researcher","title":"Cashku Partners with Muamalat Invest to Expand Shariah-Compliant Offerings","url":"https://www.startupresearcher.com/news/cashku-partners-with-muamalat-invest-to-expand-shariah-compliant-offerings"},"other_sources":[],"tags":["Partnerships","Cashku"],"body_markdown":"Cashku has partnered with Muamalat Invest to expand its range of Shariah-compliant investment products, giving eligible investors access to funds across multiple asset classes through a single digital platform with no sales charges. [Startup Researcher](https://www.startupresearcher.com/news/cashku-partners-with-muamalat-invest-to-expand-shariah-compliant-offerings) reported the partnership on October 15, 2026.\n\n## What the Cashku and Muamalat Invest Partnership Offers\n\nUnder the partnership, [Cashku](https://akta.pro/company-profiles/0002ow6/cashku) users can access money market instruments, sukuk, Malaysian and global equities, gold, and Shariah-compliant private credit. The products are split between retail and wholesale funds, with availability determined by investor eligibility and fund type.\n\nCashku assesses eligibility and investment suitability during its onboarding process. Retail funds are open to eligible users who complete that onboarding and suitability assessment, while wholesale funds, including Shariah-compliant private credit products, remain restricted to investors who meet the Securities Commission Malaysia's criteria for sophisticated investors.\n\nThe partnership removes sales charges for eligible investors and expands the distribution reach of Muamalat Invest's Shariah-compliant funds beyond traditional advisory channels. Cashku users can compare and access multiple asset classes through a single interface.\n\nFaridah Abdullah, Chief Operating Officer of Cashku, said Shariah-compliant investing has become an established part of Malaysia's investment landscape. She added that the partnership aims to make these investment options more accessible and convenient for investors. Khadijah Sairah Ibrahim, Chief Executive Officer of Muamalat Invest, said the investment products are developed according to Shariah principles with a focus on sustainable value, ethical considerations, and social responsibility.\n\nCashku referenced the Securities Commission Malaysia's Annual Report 2025 for the market figures it cited. Malaysia's Islamic capital market grew 4.31% to MYR2.7 trillion, approximately US$660 billion, in 2025, representing about 63% of the total domestic capital market. Islamic assets under management increased by 11.35% year on year to MYR274.01 billion, outpacing the overall fund management industry's growth of 6.9%.\n\n## Cashku's Funding and Regulatory Record\n\nAccording to akta.pro [company records](https://akta.pro/company-data), Cashku secured seven Securities Commission licences including the Institutional Unit Trust Adviser licence in May 2026, enabling regulated institutional-grade wealth advisory activity in Malaysia. The same records list two funding rounds, including a $2.4 million Series A in August 2025 led by 1337 Ventures, and a strategic investment round of RM10 million (~US$2.4 million) for expansion across Malaysia.\n\n## Earlier Cashku Distribution Deals\n\nOn September 30, 2026, Cashku announced a distribution partnership with Kenanga Investors to offer selected funds with no sales charge and a minimum investment of RM10, The Edge Malaysia reported. The platform uses AI-driven advice and is licensed by the Securities Commission Malaysia.\n\nIn May 2026, Fintech News Malaysia reported that Cashku, founded by Raevendren Ramachandran and Asgari Stephens, had built an AI-native wealth management platform and secured seven Securities Commission licences including the Institutional Unit Trust Adviser licence after five years of bootstrapping.\n\n## Cashku's Platform Availability\n\nCashku is a digital wealth platform operated by Advisonomics Sdn Bhd and is available for iOS and Android devices, according to [its own announcement](https://cashku.my). The platform provides digital financial planning, unit trust and Private Retirement Scheme distribution, and digital investment management services. Muamalat Invest is a wholly owned subsidiary of Bank Muamalat Malaysia Berhad that manages Islamic investment funds for retail and institutional investors.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}