The Challenge
Himayah means “to safeguard” in Arabic. And that was the idea behind a new U.S.-based international investment company that would target cross-border capital from the Middle East and Southeast Asia. The problem was that an American startup didn’t have automatic credibility with Islamic investors who worried about their understanding of Islamic finance; their wherewithal and ability to perform without a long track record in the Sharia sector; and their lack of manpower.