ForexQ.com
ForexQ.com
According to its official website, baraka is an investment platform for retail investors in the UAE and the GCC; through its app it offers access to more than 10,000 assets, including US shares and ETFs, shares listed on GCC exchanges, options and physical gold, together with a Sharia filter for identifying halal stocks. The site says the company's story began during the Covid-19 pandemic and that its founder comes from asset management; auto-invest, dividend reinvestment, an income centre and AI-supported analysis tools are among its features. According to the site, the operator Baraka Financial Limited is registered in the Dubai International Financial Centre (DIFC), is regulated by the DFSA and holds a Category 3C licence with retail client and client asset endorsements; it is a wholly owned subsidiary of Baraka Technology Holding in Abu Dhabi Global Market (ADGM). Under its terms and conditions, US trades and the holding of client assets are carried out through the regulated third-party provider DriveWealth LLC, a US broker-dealer. Baraka Financial Limited, listed in the DFSA register under reference F006586, is authorised for dealing in investments as agent, arranging deals in investments, arranging custody, advising on financial products and managing assets, and holds an Islamic window endorsement. This information is the company's own statement.