Singapore, 26 February 2024 – RizqX, Singapore’s pioneering gateway to halal investments, clinched 2nd place at Venture Z, against 318 participating teams from more than 40 countries. The startup competition was organised under the esteemed patronage of His Royal Highness, Prince Mohammad bin Abdurrahman bin Abdulaziz, by Prince Sultan University as part of the 2nd International Conference on Sustainability: Development and Innovations (ICSDI) 2024. ICSDI 2024 was held in Riyadh, Saudi Arabia from 18 to 22 February 2024.&nbsp;&nbsp;

Under the competition track 4 social entrepreneurship, <a href="https://rizqx.sg/">RizqX</a> aimed to promote financial inclusivity in Singapore and SEA by empowering Muslims with the knowledge and tools to make informed financial choices while adhering to the Shariah principles. This is made possible by curating an extensive range of Shariah-compliant investment options from diverse global institutions and consolidating them into an all-in-one platform. The platform also provides detailed independent reviews, as well as educational resources for the community. As of February 2024, stage 1 of RizqX is live with 44 investment options.&nbsp;

“Our platform captured the panellists’ hearts as it solves a real gap in the SEA Muslim market. The community is facing monetary and time loss attempting to find investment options in harmony with Shariah values. Current options are scattered and there is no holistic comparison platform for informed decision-making. We look forward to increasing accessibility and financial literacy of the community for informed decision-making,” said Muhammad Ridhwaan Radzi, CSAA, Managing Director, RizqX.&nbsp;

Muhammad Nur Salihin Bin Samsudin, COO, RizqX added, “We are honoured to be able to make Singapore proud on an international stage. This win is a significant step for the team as it highlights a real demand not just in SEA but in the Middle East as well. We look forward to growing our market steadily, starting with Singapore.”&nbsp;

RizqX is grateful to NTU Entrepreneurship Academy (NTUpreneur) and NTUitive for making this trip to Riyadh possible. Thank you to Prince Sultan University for the warm hospitality. 

Venture Z had 318 participating teams from more than 40 countries. 
RizqX is live with 44 Shariah-compliant investment options listed. Singapore, 26 February 2024 – RizqX, Singapore’s pioneering gateway to halal investments, clinched 2nd place at Venture Z, against 318 participating teams from more than 40 countries. The startup competition was organised under the esteemed patronage of His Royal Highness, Prince Mohammad bin Abdurrahman bin Abdulaziz, by Prince Sultan University as part of the 2nd International Conference on Sustainability: Development and Innovations (ICSDI) 2024. ICSDI 2024 was held in Riyadh, Saudi Arabia from 18 to 22 February 2024.&nbsp;&nbsp;Under the competition track 4 social entrepreneurship, <a href="https://rizqx.sg/">RizqX</a> aimed to promote financial inclusivity in Singapore and SEA by empowering Muslims with the knowledge and tools to make informed financial choices while adhering to the Shariah principles. This is made possible by curating an extensive range of Shariah-compliant investment options from diverse global institutions and consolidating them into an all-in-one platform. The platform also provides detailed independent reviews, as well as educational resources for the community. As of February 2024, stage 1 of RizqX is live with 44 investment options.&nbsp;“Our platform captured the panellists’ hearts as it solves a real gap in the SEA Muslim market. The community is facing monetary and time loss attempting to find investment options in harmony with Shariah values. Current options are scattered and there is no holistic comparison platform for informed decision-making. We look forward to increasing accessibility and financial literacy of the community for informed decision-making,” said Muhammad Ridhwaan Radzi, CSAA, Managing Director, RizqX.&nbsp;Muhammad Nur Salihin Bin Samsudin, COO, RizqX added, “We are honoured to be able to make Singapore proud on an international stage. This win is a significant step for the team as it highlights a real demand not just in SEA but in the Middle East as well. We look forward to growing our market steadily, starting with Singapore.”&nbsp;RizqX is grateful to NTU Entrepreneurship Academy (NTUpreneur) and NTUitive for making this trip to Riyadh possible. Thank you to Prince Sultan University for the warm hospitality.

Local companies

Startups

Venture Z had 318 participating teams from more than 40 countries. 
RizqX is live with 44 Shariah-compliant investment options listed. 

Singapore Islamic Fintech RizqX Emerges 2nd In Saudi Startup Competition

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Network / Network Equipment

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Electronic components / Semiconductors / Electrical equipment

Department stores / Supermarkets / Convenience stores / Stores

Wholeseller

Manga / Anime

Arcade Game

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Car / Car Supplies

Motorcycles / Motorcycle Supplies

Daily necessities / Household goods

Garden / DIY

Shoes / Bags

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Restaurant / Fast food / Streetfood

Eating at home / Delivery

Fitness / Healthcare

Medical / Hospital

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Pets / Pet Supplies

Gifts / Flowers

Love / Marriage

Funeral

Hotels / inns

Travel / Sightseeing

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Residential / Condominium

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Nature / Weather

School / University

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Cooking / Home appliances

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Application

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Accounting

Environment / SGDs / Recycling

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Full time job / Part-time job / Career

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Music

Internet Service Provider / Line connection

Camera

AV equipment

Consumer Games

Outdoors / Mountain Climbing

Welfare / Nursing / Rehabilitation

Qualifications / Study Abroad / Language

Childcare / Early childhood education

Banks / Credit unions

Credit card / Loan

Securities / FX / Investment Trusts

Moving

Politics / Government / Local government

Volunteer

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Bicycle / Bicycle Supplies

Female Related

Venture Capitals

Coaching / Mentoring / Consultation

Automotive / Motorcycle / Bicycle

Automotive / Automotive Supplies

Interior / Goods

Real Estate / Architecture / Construction

Software

Blockchain / Web3

Security

Telecommunications / VoIP

Show Business

Comedy

STEM (Science, Tech, Engineering, Math)

Technology

RizqX is Singapore’s pioneering Halal investment platform, committed to empowering Muslim investors with the knowledge and tools to make informed financial choices while adhering to Shariah principles. RizqX carefully curates an expansive array of Halal investment opportunities from diverse global institutions and firms, seamlessly consolidated into one platform. The platform presents insightful, comprehensive, and detailed comparison of these options.