Asaxiy Invest, one of Uzbekistan’s emerging Shariah-compliant investment platforms, has officially announced the opening of a $1 million fundraising round aimed at accelerating the growth of Shariah finance solutions across the country and providing Shariah-compliant funding to more than 100 small and medium-sized businesses (SMEs).
The round is being led by Imkon Ventures, one of Central Asia’s most active venture and investment platforms, which has joined the company as a strategic investment partner. The fundraising is now open to venture investors, family offices, institutional partners, and high-net-worth individuals who wish to participate in the future of Shariah finance in Uzbekistan.
The investment round follows a previous financing milestone in January 2026, when the company raised its first external capital at a $5 million valuation. Today, Asaxiy Invest is raising $1 million at a $10 million valuation, reflecting growing investor confidence in the platform’s vision, traction, and market opportunity.
Building the future of Shariah Finance
Founded in 2021, Asaxiy Invest has built a community of active investors and developed a business model focused on real economic activity through asset-backed Murabaha transactions, one of the most widely accepted Shariah financing structures.
Unlike conventional lending models, Asaxiy Invest facilitates financing backed by real assets and trade transactions, ensuring compliance with Shariah finance principles while supporting productive businesses. The company’s mission is clear: to increase economic prosperity by providing transparent, ethical, and accessible financial solutions for entrepreneurs and investors. The timing of the raise comes as demand for Shariah finance continues to accelerate both globally and within Uzbekistan.
According to market research presented by the company:
- More than 90% of businesses in Uzbekistan are SMEs.
- Traditional bank financing often requires collateral exceeding 120% of loan value.
- A significant percentage of entrepreneurs avoid conventional interest-based financing.
- Global Shariah finance assets exceeded $5.9 trillion in 2024 and are projected to approach $10 trillion within the coming years.
The introduction of Uzbekistan’s Shariah banking framework is expected to further unlock demand for alternative financing models and create new opportunities for investors and entrepreneurs alike.
Supporting more than 100 businesses
The newly raised capital will be deployed toward expanding Asaxiy Invest’s financing operations nationwide.
The company plans to:
- Support over 100 SMEs through Shariah financing structures.
- Expand its investor base across Uzbekistan.
- Strengthen its technology platform and risk management systems.
- Develop nationwide distribution and business development capabilities.
- Increase access to ethical capital for underserved entrepreneurs.
By connecting investors with real-economy opportunities, Asaxiy Invest aims to help businesses access growth capital while generating sustainable returns through Shariah-compliant transactions.
Governance and Shariah Compliance
A key pillar of the platform is its commitment to transparency and religious compliance. Asaxiy Invest operates under the supervision of Mezon Kengashi, an independent Shariah finance advisory and certification body. The company’s financing structures and agreements have been reviewed according to internationally recognized AAOIFI standards, providing confidence for both investors and business partners.
This governance framework ensures that all financing activities remain aligned with Shariah principles while maintaining professional investment standards.
Imkon Ventures: Backing the Next Generation of Financial Infrastructure
As lead investor and strategic partner, Imkon Ventures believes Asaxiy Invest represents a significant opportunity within Uzbekistan’s evolving financial ecosystem.
“Shariah finance is no longer a niche market. It is becoming a critical component of inclusive economic growth across Muslim-majority markets. Asaxiy Invest has demonstrated strong execution, a clear market need, and a scalable model built around real economic activity. We are excited to support the company as it enters its next stage of growth,” said Muhammad Khalil, Founder of Imkon Ventures.
Invitation to Investors
As part of the current fundraising round, Asaxiy Invest welcomes participation from:
- Venture capital firms
- Family offices
- Strategic investors
- High-net-worth individuals
- Institutional partners interested in Shariah finance
The company believes the combination of a large underserved market, regulatory momentum, proven demand, and a scalable asset-backed financing model creates a unique opportunity for long-term investors.
With plans to become one of the leading Shariah finance platforms in Central Asia, Asaxiy Invest is positioning itself at the forefront of a rapidly growing industry that combines ethical finance, technology, and entrepreneurship.
About Asaxiy Invest
Asaxiy Invest is a Shariah-compliant investment platform based in Uzbekistan that facilitates asset-backed financing through Shariah finance structures. Founded in 2021, the company serves a growing community of investors and businesses seeking transparent, ethical, and productive financial solutions.
About Imkon Ventures
Imkon Ventures is a venture investment platform focused on backing high-growth startups and financial infrastructure businesses across Central Asia and emerging markets. Through capital, strategic support, and ecosystem development, Imkon Ventures helps founders build category-defining companies that create long-term economic impact.
