Muslim investors should closely watch the upcoming wave of high-growth tech IPOs, but ensure each is Shariah-compliant through careful screening, align ethical investing with future innovation.
Bismillah!
As the tech world gears up for another exciting season of IPOs (Initial Public Offerings), Muslim investors are paying close attention and rightly so.
With the recent successful IPO of Figma, valued at an impressive $60 billion, the stage is now set for a powerful new wave of innovative, high-growth tech companies to enter public markets. For halal-conscious investors looking to align their portfolios with the future, now is a strategic time to watch closely.
Here are some of the most anticipated IPOs on the horizon:
Upcoming Tech IPOs to Watch
| Company | Location | Sector |
| Databricks | San Francisco | AI & Data Analytics |
| StubHub | New York | Ticketing Platform |
| Discord | San Francisco | Social/Community App |
| Klarna | Stockholm | Fintech (BNPL) |
| Stripe | San Francisco | Online Payments |
| Canva | Sydney | Design SaaS |
| Redis | Silicon Valley | Database Technology |
| Plaid | San Francisco | Fintech/Banking APIs |
These companies aren’t just tech businesses. Many have viral growth patterns, strong network effects, and are solving real problems at scale. These qualities align well with investment theses focused on scalable, disruptive innovation and present potential long-term value for investors with vision.
What This Means for Muslim Investors
Before investing in any IPO, halal-conscious investors need to do more than just check the hype. Shariah-compliance screening is a critical first step.
We at iRizq are actively reaching out to scholars, financial analysts, and companies themselves to better understand the compliance status of these IPOs. Our goal is to provide clear, well-researched guidance so that you can make ethical, informed investment decisions.
While many of these tech firms operate in ethical industries (software, AI, infrastructure), careful review of their financials is still required - particularly around interest-bearing debt, revenue from non-permissible sources, and compliance with key Shariah financial ratios.
The Coming Wave: AI Startups
Beyond these IPOs, artificial intelligence startups, especially in the San Francisco Bay Area, are poised to become the next unicorns and possibly public companies.
From generative AI to infrastructure to vertical applications, the AI sector is exploding with talent, capital, and innovation. Muslim investors with a long-term view should start preparing now to analyze and identify Shariah-compliant opportunities in this domain.
What You Can Expect from iRizq
✅ Shariah screening reports on select IPOs
📊 Deep dives on ethical investing in AI, fintech, and SaaS
🧠 Interviews with scholars and financial experts
🤝 Opportunities to connect with other halal investors
Stay Connected
Want to stay ahead of the curve on halal investment opportunities? Join our newsletter at iRizq.com and/or follow us on Social Media, and get updates as soon as these IPOs launch with clarity on which ones may be suitable for halal portfolios.
Your investment can be ethical, impactful, and visionary - all at once. Let’s grow the Ummah economy, one smart investment at a time.
- Team iRizq
