Egypt’s Bokra Relaunches App with Sharia-Compliant Savings and Investment Features
Bokra, the MENA region’s pioneering Sharia-compliant digital savings and investment platform underpinned by real-world assets, has announced the strategic relaunch of its mobile application. The revamped platform introduces a wide range of enhanced features designed for both individuals and enterprises, enabling a seamless, secure, and transparent digital savings and investment experience.
Expanding Reach and Client Milestones
Today, Bokra serves more than 45,000 clients, including over 2,000 first-time investors who entered the sukuk market through the platform. This milestone underscores the platform’s ability to attract and onboard new investors, reflecting growing confidence in its asset-backed financial answers.
Leadership Perspective
Ayman El-Sawy, Founder and CEO of Bokra, emphasized the company’s mission and innovation roadmap:
“Since the inception of Bokra, our mission has been to democratize access to asset-backed digital savings through financial technology that is secure, transparent, and Sharia-compliant. Our rapid success in attracting tens of thousands of users and enabling them to participate directly in sukuk with competitive returns demonstrates that our vision addresses real and pressing needs within Egypt and the wider region.”
“We have re-engineered our app by leveraging cutting-edge financial technologies and embedding AI-driven capabilities, giving clients a smoother, more secure, and highly personalized savings and investment journey. Looking ahead, we remain committed to continuous innovation, delivering financial products that drive financial inclusion, empower individuals and businesses to achieve their goals, and contribute to the long-term resilience of the national economy.”
Regulatory Approval and Market Position
Earlier this year, Bokra obtained authorization from Egypt’s Financial Regulatory Authority (FRA) to operate as a licensed fintech platform. This landmark approval strengthened its entry into Egypt’s financial services landscape, allowing clients to open accounts, sign contracts electronically, and execute all financial transactions securely through the app.
The FRA license also empowers Bokra to deliver a broad suite of non-banking financial services, including electronic KYC, digital recordkeeping, and end-to-end electronic contracting. These services align with the company’s strategy of advancing financial inclusion and supporting sustainable economic development across Egypt and the wider MENA region.
Pioneering Financial Innovation
Bokra has also pioneered the introduction of digital revenue-based financing to support enterprises, further cementing its role as a leader in Sharia-compliant, asset-backed financial innovation. By combining compliance with technological advancements, Bokra is shaping the future of savings and investments in the MENA region.
