Amana Capital review: CEO warns of market bubble but sees Dubai as long-term fintech hub
Muhammad Rasoul, CEO of Amana Capital, believes the MENA broker market is entering a speculative phase but says Dubai will remain a global fintech hub for decades. In an interview, Rasoul discussed the company’s transformation from a traditional forex and CFD broker into an “everything-in-one” trading and investing platform designed for modern investors.
- Chosen by 0+ local traders in the last 3 months.
- Traders earn on average 12% more per month vs other brokers.
Rasoul, who joined Amana four years ago after a career spanning major financial firms, explained that the shift was deliberate. “When I joined, Amana was a classic forex broker. We’ve since rebuilt everything—our app, our product mix, and our approach to customers,” he said. The platform now allows users to trade fractional stocks, gold, and crypto, all within a simple, user-friendly interface.
To encourage responsible trading, Amana offers a default leverage of 25:1, lower than many competitors, and maintains full transparency about its pricing and profits. “We don’t want to promote excessive risk-taking. Traders should understand what happens when they overleverage,” Rasoul added.
Saturated market, long-term vision
Rasoul cautioned that the UAE broker market is overcrowded, comparing it to previous property booms. However, he emphasized that Dubai’s long-term advantages—tax structure, global accessibility, and innovation ecosystem—make it an enduring fintech center.
The UAE remains Amana’s largest market, but the company is expanding across the region, including Lebanon, where Rasoul credits regional head Jack Saidy for successful growth. “We don’t want to rush global expansion. We’re focused on building sustainable presence and value,” he said.
The Future: Bridging traditional and digital finance
Looking ahead, Amana plans to introduce options trading in early 2026 and to develop a hybrid TradFi–digital assets platform. The app will enable users to move seamlessly between fiat and crypto wallets, stake assets, and automate investment plans—blurring the lines between traditional trading and decentralized finance.
Rasoul’s strategy reflects a broader industry trend toward integrated platforms that merge efficiency, accessibility, and transparency. In his words, “This is the future of trading—where convenience meets credibility.”
Recall that we previously analyzed Amana Capital’s broker fees.
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