Shared wealth travels further
Ethical private credit for real-economy growth.
Most capital fights your growth.
Pilgrim enables it.
Financing that doesn't match growth
Most options are slow, collateral-heavy, or cycle-misaligned.
Bank loans demand collateral and move slowly. Equity is expensive and dilutive. Neither is built for working capital that follows operating cycles.
The result: good orders stall, suppliers wait, and growth slows. Businesses need capital that moves with them, not against them.
Participation-based working capital
Tied to real activity. Returns participate in revenue or gross profit from scoped operations.
We set a program that defines eligible uses inside your operating cycle. Capital can fund procurement, production, logistics, and compliance.
Returns participate in revenue or gross profit from the scoped activity. No fixed coupon. No balance-sheet blanket.
How It Works
Profit-sharing, not interest
We use the Islamic-finance concept of mudarabah. Instead of charging interest, we share in the profit created by a clearly defined set of activities (like inputs, production, logistics) that turn orders into collections.
If there's profit, it's shared by an agreed ratio. If there's a genuine commercial loss, capital can be reduced and there is no payout. Misconduct or breach is handled by contract.
How it works for you
Agree scope and how profit is measured
Set milestones, documents, and cadence
Release funds as milestones are met
Run the work; we ensure funds stay in scope
Share profit and recycle the program
No fixed or guaranteed return. Outcomes depend on real performance.
Where We Focus
Sectors
Food and agri value chains, light manufacturing, packaging, health and personal care, essential consumer goods, selected export services.
Geographies
Africa, Middle East, South Asia, and other select emerging markets with local partners and on-the-ground verification.
Use of proceeds
Procurement, production and packaging, freight and logistics, QA and compliance, short-gap working capital. Proceeds remain inside the agreed scope.
Why Pilgrim
Why investors choose Pilgrim
Pilgrim offers short-cycle exposure that recycles quickly, providing access to hard-to-reach emerging markets with on-the-ground teams. Your capital is tied to real goods and services, with clear, auditable reporting from drawdown to collection.
This is values-aligned participation with no fixed return. Outcomes depend on real performance.
Why businesses choose Pilgrim
We provide scope-matched capital that fits your operating cycle with milestone funding that follows your process. Our terms are plain, formulas transparent, and fees limited.
We help you grow faster with capital, guidance, and accountability. We're a consistent partner across cycles—not a one-off.
About Us
Pilgrim Capital was founded on the belief that ethical investment and sustainable growth are not mutually exclusive—they are mutually reinforcing. We bridge the gap between global capital and emerging-market entrepreneurs, honoring Islamic financial principles while delivering strong, real-economy results.
Founded by Abdulgadir Ahmed, who brings significant investing experience at firms in the USA and the UAE, prior strategy consulting experience at BCG, an MBA from Harvard Business School, and an undergraduate degree in Chemical Engineering.
Investment Disclaimer: Investments involve risk, including possible loss of principal. Past performance does not guarantee future results. This website does not constitute an offer to sell or a solicitation of an offer to buy any securities. Offerings are made only through formal offering documents to qualified investors in accordance with applicable securities laws. Please consult with your financial, legal, and tax advisors before making any investment decisions.