Dubai, UAE — Ribh.AI has raised USD 3 million in growth capital with Ereele Capital and IronSharp Capital acting as lead sponsors in the fundraising. The capital supports the launch of the world’s first fine-tuned Large Language Model (LLM) trained fully on Sharia principles, built to transform Islamic Finance across all asset classes.
Ribh.AI is designed to be the intelligence backbone of the global Islamic finance ecosystem, ensuring that financial products and transactions comply with Sharia rules at near-perfect accuracy. Trained on authoritative standards such as the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Islamic Financial Services Board (IFSB), Ribh.AI delivers unprecedented capabilities in Sharia compliance, efficiency, and investment performance.
As its first application, Ribh.AI is targeting Islamic Trade Finance — one of the most urgent and underserved sectors. The platform enables up to 99% compliance accuracy, reduces operational costs by up to 40%, and accelerates execution, directly improving Internal Rates of Return (IRR) for institutions and investors.
Leadership & Expertise
Ribh.AI was co-founded by Mahdi Yazdizadeh and Scott Richards, combining expertise in Islamic finance, structured products, and global investment innovation.
The leadership team includes:
Hamed Latifipour, Chief Operating Officer (COO) – a seasoned expert in Sharia-compliant trade finance structuring and execution.
Mohammad Yazdizadeh, Chief Technology Officer (CTO) – founder of JOOLIO, an award-winning AI-empowered CRM recognized and highlighted by MSN among the Top 10 Entrepreneurs Setting New Benchmarks in 2025.
Market Opportunity
The global Islamic finance industry is projected to exceed USD 5 trillion by 2026, yet less than 10% of global trade finance solutions are Sharia-compliant. Trade Finance alone is one of the fastest-growing and most underserved segments.
Ribh.AI’s launch in Trade Finance establishes a foundation for scaling the platform into all Islamic asset classes, from Murabaha and Ijara to Sukuk and Takaful.
How AI Transforms Islamic Finance
Ribh.AI shows how AI can transform Islamic Finance by:
Reducing costs through automation of compliance and structuring.
Substantially improving compliance with Sharia rules, aligned with AAOIFI and IFSB.
Boosting IRR (Internal Rates of Return) by accelerating execution and reducing errors.
Funding & Investor Support
The USD 3 million growth round was led by Ereele Capital and IronSharp Capital as lead sponsors, with support from a select group of strategic global investors committed to advancing Sharia-compliant fintech innovation.
Vision & Impact
“Our vision is to make AI the trusted engine of Sharia-compliant finance worldwide. We begin with Trade Finance to meet urgent market demand, and then scale the technology to all Islamic asset classes.”
— Scott Richards, Co-Founder of Ribh.AI & Managing Partner of IronSharp Capital
“Ribh.AI is not just a Trade Finance solution — it is the foundation for the future of Islamic finance across all asset classes. By starting where demand is most urgent, we are building a platform that can scale across retail, corporate, and capital markets.”
— Hamed Latifipour, COO of Ribh.AI
🌐 Learn more: ribh.ai
From Trade Finance today, to every Islamic asset class tomorrow — Ribh.AI is redefining the future of Islamic finance.
