Aajil
5 known investors
Find your way into Aajil
386 people in our graph share verified history with the Aajil team — schools, employers, funds. One of them is your warm intro.
Costas Andriopoulosunlockedknows Abdulla Sheikh · together at Cardiff University (overlapped)
knows the team · via Cardiff University
×9knows the team · via Imperial College London
knows the team · via Saudi Center for Commercial Arbitration
Aajil purchases the materials a business needs and pays the supplier directly, then lets the business repay over a flexible term of two to twelve months. It offers Sharia-compliant purchase financing for companies in Saudi Arabia.
Founders & leadership
AS
Abdulla SheikhCo-Founder & CEOAbdulla Sheikh studied civil and environmental engineering at Cardiff University and completed a master's degree in environmental engineering from Imperial College London, followed by research at MIT in waste management. He previously led the water and infrastructure division of his family's construction and manufacturing business in Saudi Arabia for seven years, managing large project portfolios, and later was involved in establishing steel facilities. He is now CEO and co-founder of Aajil, which provides Sharia-compliant purchase financing for businesses in Saudi Arabia.
Investors · 5
Joa CapitalDiriyah · $1M – $35Mvia Yousef AlYousefi · inferred
Khwarizmi VenturesRiyadh · $1M – $37M
RAED VenturesRiyadh · $400K – $33M
STVreported · 2 sourcesDubai · $2.1M – $54M
Also in the syndicate · 1
Arbah Capitallead
Funding
SEC filings, press & company announcements$19.1M disclosed across 2 rounds · 2024–2025
- $9.7MraisedFeb 2025 · 3 sources
Arbah Capital (lead), STV (lead)
Source ↗ - $9.4MSeedMar 2024 · 3 sources
Khwarizmi Ventures (lead), Raed Ventures (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
In the news
Frequently asked questions
- What does Aajil do?
- Aajil purchases the materials a business needs and pays the supplier directly, then lets the business repay over a flexible term of two to twelve months. It offers Sharia-compliant purchase financing for companies in Saudi Arabia.
- Who founded Aajil?
- Aajil was founded by Abdulla Sheikh, Rahat Dewan.
- Who are Aajil's investors?
- Aajil's investors include Joa Capital, Khwarizmi Ventures, RAED Ventures, STV.
- How much funding has Aajil raised?
- Aajil has disclosed $19.1M raised across 2 rounds.