Sharia-compliant fintech platform mamun has secured $3 million in seed funding led by Phaze Ventures. The Muscat-, Abu Dhabi-, and Hong Kong-based platform provides trade financing for SMEs across the Greater Bay Area–Oman–UAE corridor.
Sharia-compliant trade finance platform mamun has raised a US$3 million seed round led by Phaze Ventures with participation from Jasoor Ventures. The capital will expand its AI-native underwriting infrastructure across the Greater Bay Area–Oman–UAE trade corridor. Approximately 40% of the platform's settlements currently clear through Hong Kong-based entities.
Chinese President Xi Jinping and Oman's Sultan Haitham bin Tarik held bilateral talks in Beijing, issuing a 20-point joint statement. Oman expressed openness to negotiating a preferential bilateral trade and investment pact, while both sides pledged cooperation in energy, technology, and transport.
Oman and China signed 23 investment agreements and cooperation partnerships in Beijing, including two joint funds capitalized at a combined 1.1 billion US dollars. The agreements span renewable energy, mining, logistics, space technology, energy storage, and digital infrastructure across Oman and regional Gulf markets. The signings occurred during the Oman-China Investment Partnership Horizons Forum alongside His Majesty Sultan Haitham bin Tarik's state visit.
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