In this episode of The MAL Show (Podcast), we sit down with Wael Nafee — former Careem executive and now Partner at Raed Ventures, one of the region’s leading venture capital firms.

Wael has seen both sides of the table:
• building companies as an operator
• and backing founders as an investor

After studying and working abroad, he made the decision to come back and build in the region.

In this conversation, we discuss:

• Why some founders choose to return and build in emerging markets
• The culture of money and capital in the Middle East
• What Sharia-compliant fundraising actually looks like in venture capital
• Whether ethical constraints make companies weaker — or more disciplined
• The responsibility that comes with building products used by millions

And perhaps the most important question:

When your capital shapes companies used by millions of people…
what do you owe society?

A conversation about nation building, capital with consequence, and the moral weight behind scale.

We hope you enjoy this episode and don't forget to subscribe to our channel to get the latest episodes of the Mal Show.

Chapters:
00:00 Intro and Wael's journey
10:28 Sources of Fundraising
17:51 Sharia compliance Fundraising
23:09 Careem's positioning & acquisition
27:06 Careem's culture
33:23 Joining Raed Ventures
40:15 What do Investors look for?
44:32 Self assessment, correction & reflections
52:26 Money & Culture
57:55 Women & Money
1:01:12 Final advice on money

To get in touch with us:
podcast@mal.ai

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To get in touch with Yousef Salem
https://www.linkedin.com/in/youssefsamysalem/?skipRedirect=true
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To get in touch with Wael Nafee
https://www.linkedin.com/in/wael-nafee-2b78abb/

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