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Launch Press Release

New Angel Syndicate, Madinah Angels Makes First Investment into REG-1

[London, Monday, 1st September 2025] – Madinah Angels, a newly formed angel syndicate
dedicated to empowering Muslim entrepreneurs worldwide, today announced its first deal, an
investment as part of the seed round raised by REG-1.

Madinah Angels consists of a diverse group of global Muslim investors, combining experienced
angels with new voices eager to address the misallocation of resources in the Muslim world. The
group is committed to supporting ventures with co-founders that include Muslims, harnessing
technology such as Artificial Intelligence to transform critical sectors including financial
services, healthcare and beyond.

Abdul Haseeb Basit, Co-Founder of Madinah Angels, said:

“This first transaction marks an important milestone for our group. REG-1 demonstrates the
calibre of Muslim entrepreneurs we are committed to backing, founders with deep domain
expertise developing technological innovation with the ability to scale fast in high potential
industries. Our first investment is more than a deal, it’s the start of a journey to back
entrepreneurs who share our values of fairness, equity, and our drive to use innovation to uplift
communities globally.”

Shak Ashraf, founder and CEO of REG-1, an AI-powered Regtech ecosystem that transforms
governance, legal, risk and compliance (GLRC) with AI driven insights, intelligent automation
and predictive analytics, said:

“Madinah Angels not only brings capital but also strategic insight and an investor base that
understands the unique challenges and opportunities in our sector. Their partnership positions
us to accelerate execution and scale with confidence.”

By backing early-stage Muslim founders, Madinah Angels aims to build more than just
companies, it seeks to spark opportunity, foster innovation, and create a legacy of positive
change across the Muslim world and beyond.

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For more information on Madinah Angels visit: https://www.madinahangels.vc/
For more information on REG-1 visit: https://www.reg-1.com/
For press enquiries: hello@madinahangels.vc