New angel syndicate, Madinah Angels, closes first investment into REG-1

Madinah Angels, an angel investment syndicate focused on high-growth technology opportunities at the intersection of Artificial Intelligence and key industries, today announced the closing of its first deal, an investment as part of the seed round raised by REG-1.

Madinah Angels, a first of its kind syndicate, brings together a global network of established and
emerging Muslim investors, united by their commitment to fairness, equity, and unlocking undercapitalised opportunities across global markets.

The group’s investment thesis targets technology ventures with co-founders that include Muslims, reshaping industries such as financial services, healthcare and beyond.

Abdul Haseeb Basit, Co-Founder of Madinah Angels, said: “This first transaction marks an important milestone for our group. REG-1 demonstrates the calibre of entrepreneurs we are committed to backing, founders with deep domain expertise developing technological innovation with the ability to scale fast in high potential industries.”

Shak Ashraf, founder and CEO of REG-1, an AI-powered Regtech ecosystem that transforms
governance, legal, risk and compliance (GLRC) with AI driven insights, intelligent automation
and predictive analytics, said: “Madinah Angels not only brings capital but also strategic insight and an investor base that understands the unique challenges and opportunities in our sector. Their partnership positions us to accelerate execution and scale with confidence.”

Madinah Angels’ debut deal reflects its mission to identify and support category-defining entrepreneurs, with the long-term objective of building a global portfolio of high-impact, technology-driven companies while providing accredited investors with access to leading angel
investment opportunities.