Pioneering India Focused
Shari'a compliant & Ethical Investing
About
Zamzam Capital LLP is a Sharia-compliant investment management firm, which advocates a specialized and ethical approach to wealth management and investment strategies in accordance with Islamic principles. We prioritize investments in businesses that comply with Islamic ethics, such as those involved in halal industries, while adhering to principles of risk-sharing and asset-backed financing. By striking a balance between financial goals and ethical principles, Zamzam Capital offers a unique avenue for responsible and sustainable wealth growth for those seeking to invest within the framework of the Shari’a.
Grounded in the tenets of Shari’a law, we guide individuals and institutions to make the right investment decisions in India that align with Islamic values, ensuring that investments are ethically sourced and structured to avoid prohibited elements such as interest (riba), excessive uncertainty (gharar) and gambling (maysir)
Team

Saif Ahmed, Managing Partner
Saif is a prominent Islamic Banking and Corporate Finance expert. His focus lies on developing Shari’a compliant savings, credit and investment products for the Indian market. He is the Managing Partner at Zamzam Capital LLP, a Shari’a compliant wealth management firm focused on the Indian stock market. He had earlier managed Zayd Chit Funds Pvt. Ltd., which was India’s first Shari‘a compliant licensed chit fund company. Saif began his career as an investment banker working for Merrill Lynch and J.P. Morgan in New York and London. He later worked in senior roles as an Islamic Banker in Kuwait with the investment subsidiaries of Kuwait Finance House, the 2nd largest Islamic Bank in the world. Saif graduated from Bates College, USA with a double major in Economics and Mathematics and is also a graduate of the London School of Economics. He has passed the Series 7 and 63 securities exams conducted by the Financial Industry Regulatory Authority (FINRA), USA.
Saif Ahmed, Managing Partner
Saif is a prominent Islamic Banking and Corporate Finance expert. His focus lies on developing Shari’a compliant savings, credit and investment products for the Indian market. He is the Managing Partner at Zamzam Capital LLP, a Shari’a compliant wealth management firm focused on the Indian stock market. He had earlier managed Zayd Chit Funds Pvt. Ltd., which was India’s first Shari‘a compliant licensed chit fund company. Saif began his career as an investment banker working for Merrill Lynch and J.P. Morgan in New York and London. He later worked in senior roles as an Islamic Banker in Kuwait with the investment subsidiaries of Kuwait Finance House, the 2nd largest Islamic Bank in the world. Saif graduated from Bates College, USA with a double major in Economics and Mathematics and is also a graduate of the London School of Economics. He has passed the Series 7 and 63 securities exams conducted by the Financial Industry Regulatory Authority (FINRA), USA.
Managing Partner

Mujahid Ahmed, Investment Advisor
Mujahid is a seasoned investor and advisor in the Indian stock market since 2004, and has since been advising many clients on various financial products available in the market. He began his career with Indiabulls Securities and later worked at IIFL Securities for 17 years where he held the title of Associate Vice President. Mujahid specializes in macroeconomic analysis of all key factors affecting the Indian markets and is an expert in both technical and fundamental analysis. He is a Computer Engineer by qualification and has passed the Series V and VIII exams conducted by the National Institute of Securities Markets (NISM).
Mujahid Ahmed, Investment Advisor
Mujahid is a seasoned investor and advisor in the Indian stock market since 2004, and has since been advising many clients on various financial products available in the market. He began his career with Indiabulls Securities and later worked at IIFL Securities for 17 years where he held the title of Associate Vice President. Mujahid specializes in macroeconomic analysis of all key factors affecting the Indian markets and is an expert in both technical and fundamental analysis. He is a Computer Engineer by qualification and has passed the Series V and VIII exams conducted by the National Institute of Securities Markets (NISM).
Investment Advisor

Mufti Ibrahim Essa, Shari’a Board Member
Mufti Ibrahim is one of leading global Shariah scholars in the field of Islamic banking & finance and a direct student of Mufti Taqi Usmani. He is the CEO of Alhamd Sharia Advisory Services and is a Shariah Advisor to Shariyah Review Bureau, Bahrain, one of the leading global Shari’a advisory firms. Mufti Ibrahim serves on the Shari’a Board of several Islamic financial institutions across the world, such as Algbra (United Kingdom), Kompanion-Investment (Kyrgyzstan), Craft 3 Investment (USA), EFU Takaful (Pakistan) and Atrium Underwriting Syndicate-Lloyd’s of London (United Kingdom). He has also written more than four thousand Fatawas on different topics and has completed his Darse Nizami (Masters in Quran and Sunnah) and Takhassus fil Ifta (Specialization in Islamic Jurisprudence) from Jamiah Darul Uloom Karachi, where he also serves as a Member of its Darul Ifta Department.
Mufti Ibrahim Essa, Shari’a Board Member
Mufti Ibrahim is one of leading global Shariah scholars in the field of Islamic banking & finance and a direct student of Mufti Taqi Usmani. He is the CEO of Alhamd Sharia Advisory Services and is a Shariah Advisor to Shariyah Review Bureau, Bahrain, one of the leading global Shari’a advisory firms. Mufti Ibrahim serves on the Shari’a Board of several Islamic financial institutions across the world, such as Algbra (United Kingdom), Kompanion-Investment (Kyrgyzstan), Craft 3 Investment (USA), EFU Takaful (Pakistan) and Atrium Underwriting Syndicate-Lloyd’s of London (United Kingdom). He has also written more than four thousand Fatawas on different topics and has completed his Darse Nizami (Masters in Quran and Sunnah) and Takhassus fil Ifta (Specialization in Islamic Jurisprudence) from Jamiah Darul Uloom Karachi, where he also serves as a Member of its Darul Ifta Department.
Shari’a Board Member

Mufti Asadullah Qasmi, Shari’a Board Member
Mufti Asadullah Qasmi is a trained and highly qualified Islamic jurist and one of the few religious scholars in India who have researched and worked in the field of Islamic finance. He wrote almost 1,000 fatawa (religious rulings) as an assistant to the Head of the Darul Ifta (Islamic Jurisdiction) department in India’s premier Islamic seminary Darul Uloom Deoband from 2004 to 2006, through which he gained practical insights in applying his specialized training in Islamic jurisprudence, following which he worked as a Shari’a Advisor with both Parsoli Corporation and Pragmatic Wealth Management in Mumbai from 2009 to 2011, advising on various Shari’a compliance issues related to Islamic banking and capital markets. Mufti Asadullah is also the coordinator for the online fatwa service for Markazul Ma’arif Education & Research Centre (MMERC) in Mumbai. He has qualifications in Fazilat (M.A.), Arabic Adab, Takhassus fil Ifta and Tadreeb-e-Ifta from Darul Uloom Deoband, India. In addition, he has diplomas in English language and literature and is a B.Com graduate from the Maulana Azad National Urdu University.
Mufti Asadullah Qasmi, Shari’a Board Member
Mufti Asadullah Qasmi is a trained and highly qualified Islamic jurist and one of the few religious scholars in India who have researched and worked in the field of Islamic finance. He wrote almost 1,000 fatawa (religious rulings) as an assistant to the Head of the Darul Ifta (Islamic Jurisdiction) department in India’s premier Islamic seminary Darul Uloom Deoband from 2004 to 2006, through which he gained practical insights in applying his specialized training in Islamic jurisprudence, following which he worked as a Shari’a Advisor with both Parsoli Corporation and Pragmatic Wealth Management in Mumbai from 2009 to 2011, advising on various Shari’a compliance issues related to Islamic banking and capital markets. Mufti Asadullah is also the coordinator for the online fatwa service for Markazul Ma’arif Education & Research Centre (MMERC) in Mumbai. He has qualifications in Fazilat (M.A.), Arabic Adab, Takhassus fil Ifta and Tadreeb-e-Ifta from Darul Uloom Deoband, India. In addition, he has diplomas in English language and literature and is a B.Com graduate from the Maulana Azad National Urdu University.
Shari’a Board Member
All our activities are certified as Sharia compliant on an ongoing basis by the Sharia Board of Infinity Consultants
Halal Investing
Services
Advisory
Advisory services involve providing financial advice and recommendations to clients. Financial advisors assess a client’s financial situation, goals, risk tolerance, and investment preferences to offer guidance on investment decisions.
Training
Training services in the financial context refer to educational programs, courses, or workshops designed to enhance an individual’s or a group’s knowledge and skills in managing finances and investments.
Portfolio Management
Portfolio management involves the active management of an investment portfolio on behalf of an individual or institutional client. Portfolio managers make investment decisions, including asset allocation, security selection, and risk management.
Screening Criteria
Halal List
Knowledge
ZamZam Capital provides a weekly newsletter to highlight our unique perspectives on the Indian stock market with our twin focus on growth oriented and Sharia compliance.
Newsletter
ZamZam Capital provides a weekly newsletter to highlight our unique perspectives on the Indian stock market with our twin focus on growth oriented and Sharia compliance.
Knowledge
Contact
Address
Street, Area, City - [pin], State, Country
Phone(s)
...
@zamzam-capital.com