Nawy Now raises $12.3M in second Ijarah fund issuance
What's the deal? Nawy NowDealroom has a profile for this one. Try Dealroom →, the mortgage-financing arm of Egyptian proptech platform Nawy, closed its second Ijarah-based fixed-income fund issuance at $12.3 million with Synergy CapitalDealroom has a profile for this one. Try Dealroom →. The issuance drew returning institutional investors and, for the first time, included non-governmental, non-profit organisations as participants.
What's the endgame? Nawy, founded in 2019, runs a full-stack real estate ecosystem covering property buying, financing, renting, asset management, and investment. Nawy Now, regulated by Egypt's Financial Regulatory Authority, offers mortgage financing with tenors of up to seven years.
The programme uses an ijarah (lease-to-own) model that delivers Shariah-compliant, fixed-income returns backed by real-estate mortgage receivables. The five-year securitization programme targets $97.8 million; this second issuance pushes total capital raised above $19.6 million in under a year.
Why now? The first issuance closed at $8.7 million in October 2025 after being oversubscribed and has since distributed roughly $2.3 million to certificate holders across three payment cycles. Nawy Now will use the programme as a recurring institutional funding channel to expand its mortgage origination portfolio.
Synergy Capital acted as financial advisor, promoter, and placement lead. Misr for Financial InvestmentsDealroom has a profile for this one. Try Dealroom → served as asset manager, while Mubasher for Securities & Bond TradingDealroom has a profile for this one. Try Dealroom → handled subscription and redemption services.
The company plans further issuances as origination grows, targeting institutional and qualified investors in Egypt, with plans to extend to Gulf and other international markets through licensed placement partners.
The signal: "Each issuance strengthens a scalable channel that connects institutional capital to real estate," said Omar El Barouny, managing director of Nawy Now. Repeat participation points to growing institutional appetite for Shariah-compliant mortgage finance in Egypt.
Image credit: Bakar_88
