Islamic Finance Demand Drives Saudi Billionaire and KM Global Capital to Launch Sharia-Compliant Prop Trading Firm in Europe
Saudi billionaire Abdullah bin Sulaiman Al Rajhi and KM Global Capital launch a Sharia-compliant proprietary trading firm in Manchester, UK, to meet growing European demand for ethical Islamic finance solutions.
As ethical investing gains momentum across Europe, a new Sharia-compliant proprietary trading firm is set to launch to meet rising demand for faith-based financial products. Saudi billionaire Abdullah bin Sulaiman Al Rajhi has partnered with Manchester-based KM Global Capital to establish a trading platform that adheres to Islamic finance principles, targeting European investors seeking ethical alternatives.
The venture will operate under the KM Global Capital name, with headquarters in Manchester, United Kingdom, and is expected to commence operations in the fourth quarter of 2026. The partnership combines Al Rajhi’s capital and regional expertise with KM Global Capital’s specialization in Sharia-compliant products and spot trading.
Islamic finance has seen steady growth globally, particularly in Europe, where Muslim populations and ethical investors increasingly demand instruments free from interest (riba) and excessive uncertainty (gharar). Despite this, dedicated Sharia-compliant proprietary trading firms remain scarce, creating a niche the new entity aims to fill.
The firm will operate under a Sharia supervisory board to ensure compliance with Islamic law, focusing on equity, commodity, and cryptocurrency trading while avoiding derivatives and leveraged instruments. KM Global Capital CEO Kam noted, “This partnership combines Abdullah bin Sulaiman Al Rajhi’s experience and capital resources with our expertise in Sharia-compliant finance to grow and expand a trading platform designed for European investors.”
Beyond trading, the firm plans to establish an educational division to promote financial literacy in Islamic finance among retail and institutional investors, with seminars and webinars scheduled for 2027.
Abdullah bin Sulaiman Al Rajhi is a prominent Saudi investor with holdings in banking, finance, and other sectors. KM Global Capital is a Manchester-based investment firm specializing in alternative investments and Sharia-compliant financial solutions. KM Global Capital
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