Our Story
Milestones for Shoraka Group since inception.
Years in Business
Clients
traded transactions
Pioneering Islamic Fintech & Financial Inclusion
Founded on Expertise
Established in Dubai in 2006 as Shoraka Advisory Services (SAS), the Group began as a licensed investment advisory firm under the Dubai Economic Department, advising Middle Eastern investors on opportunities in Malaysia and South-East Asia.
ABOUT US
Shoraka Group of Companies is a diversified Islamic fintech group delivering Shariah-compliant digital financial solutions across consumer and business segments. With a strong focus on financial inclusion and responsible financing, we aim to make compliant capital accessible to all.
A look back at the milestones that shaped our growth and brought us closer to where we are today.
2006
Company Founded
Shoraka Group, established in Dubai, UAE in July 2006, initially began with Shoraka Advisory Services (SAS)
2017
First Product Release
Incorporated Shoraka Global Resources Sdn Bhd to venture in supplying commodity for Tawarruq transactions through its 1st digital platform, Shoraka Al-Amin.
2019
Seed Funding Secured
Shoraka Global Capital Sdn Bhd was incorporated to run a factoring business
2020
Global Expansion
Incorporated MyAngkasa Shoraka Sdn Bhd, a JV between ANGKASA and Shoraka to offer financial management services to cooperative ecosystem of Malaysia.
2021
Shoraka Suyula Platform
Developed its 2nd digital platform, Shoraka Suyula Platform, a Rahnu Financing Platform. Incorporated Shotech Sdn Bhd to provide IT Services.
2023
Shoraka RAYA
Rolled out its 3rd digital platform, Shoraka Quickfactor, an all-in-one factoring platform. Launched its 4th digital platform, Shoraka RAYA
Shoraka’s Earned Wage Access (EWA) Mobile App. Shoraka Suyula Platform received Malaysia Digital Status and Islamic Digital Economy recognition by MDEC.
2024
Ringgit Ease
Acquired Ringgit Ease Sdn Bhd, a private credit business, and launched its 5th digital platform tailored to meet the financial needs of civil servants in Malaysia. Shoraka RAYA received Malaysia Digital Status by MDEC.
2025
Shoraka Ventures
Shoraka Ventures launched its 6th digital platform, a Financing Origination & Processing System for Financial Institutions. Shoraka received conditional approval for the Recognised Market Operator (RMO) License by the SC.
Expanding with Purpose
Building on this foundation, Shoraka strategically expanded into technology-enabled financing platforms, bridging gaps in access to Shariah-compliant capital and liquidity. Today, the Group operates a range of financial solutions serving consumers, SMEs, and institutional partners, all underpinned by shared governance, Shariah principles, and robust digital infrastructure.
Our Expertise
We specialise in consumer and business financing solutions through digital platforms. Our strength lies in transforming complex financial concepts into simple, scalable, and compliant solutions that are ready for the market.
