Allfunds partners with Nomo on digital Sharia-compliant investment portfolios

Allfunds partnered with Nomo to launch a fully digital, Sharia-compliant investments offering delivered through the Nomo app. Nomo Investments offers professionally managed global portfolios to customers able to invest from USD 1,000. Allfunds provides its Nextportfolio digital solution to support an end-to-end investment journey, including model portfolios, analytics, due diligence. Early uptake: 1 in 3 questionnaire completers invested; 20% set up monthly investing; 58% selected the Adventurous Portfolio. Nomo cited rising demand from customers in Kuwait and the UAE, targeting a perceived